LoanHero was acquired by LendingPoint in Jan 2018, it has developed an innovative loan origination platform that solves a multibillion-dollar problem. By bringing marketplace lending to the point of sale, LoanHero provides better financing options for consumers purchasing goods and services including furniture, home improvement, auto repair, and elective healthcare.
PRODUCTS & SERVICES:
P2P lending platform
LoanHero is able to offer instant decisions and the most competitive loan product available for each level of credit through one streamlined platform.
First Electronics Bank - to expand its operations nation wide.
The LoanHero marketplace serves as one platform with one financing application and multiple lenders. As the merchant completes an application, LoanHero will find the best possible financing option for that consumer and offer the merchant an approval in real-time.