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Tom Burnside

๐Ÿ‘ค Speaker
281 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
LendingPoint Hits $600m ARR, Will Profit $120m on AI platform for consumer loans

We're a little over 300, right at 300,000 customers.

SaaS Interviews with CEOs, Startups, Founders
LendingPoint Hits $600m ARR, Will Profit $120m on AI platform for consumer loans

And we've serviced about 450 in total.

SaaS Interviews with CEOs, Startups, Founders
LendingPoint Hits $600m ARR, Will Profit $120m on AI platform for consumer loans

That's right.

SaaS Interviews with CEOs, Startups, Founders
LendingPoint Hits $600m ARR, Will Profit $120m on AI platform for consumer loans

And the average transaction today is about 11,000, right?

SaaS Interviews with CEOs, Startups, Founders
LendingPoint Hits $600m ARR, Will Profit $120m on AI platform for consumer loans

So it's moved from the 5,000 days to about 11,000 today.

SaaS Interviews with CEOs, Startups, Founders
LendingPoint Hits $600m ARR, Will Profit $120m on AI platform for consumer loans

Well, we bought a point of sale company.

SaaS Interviews with CEOs, Startups, Founders
LendingPoint Hits $600m ARR, Will Profit $120m on AI platform for consumer loans

And so things moved to changed a little bit when we bought the point of sale.

SaaS Interviews with CEOs, Startups, Founders
LendingPoint Hits $600m ARR, Will Profit $120m on AI platform for consumer loans

We bought the point of sale company.

SaaS Interviews with CEOs, Startups, Founders
LendingPoint Hits $600m ARR, Will Profit $120m on AI platform for consumer loans

We were able to move to seven and 10 year paper for home improvement.

SaaS Interviews with CEOs, Startups, Founders
LendingPoint Hits $600m ARR, Will Profit $120m on AI platform for consumer loans

So we're in the home improvement space and point of sale as well as medical.

SaaS Interviews with CEOs, Startups, Founders
LendingPoint Hits $600m ARR, Will Profit $120m on AI platform for consumer loans

And in those spaces, you know, you tend to go a little longer in turn on a direct to consumer type of product.

SaaS Interviews with CEOs, Startups, Founders
LendingPoint Hits $600m ARR, Will Profit $120m on AI platform for consumer loans

It's typically still around five years is to the typical duration.

SaaS Interviews with CEOs, Startups, Founders
LendingPoint Hits $600m ARR, Will Profit $120m on AI platform for consumer loans

That's right.

SaaS Interviews with CEOs, Startups, Founders
LendingPoint Hits $600m ARR, Will Profit $120m on AI platform for consumer loans

For an example, if you look at our e-commerce space, we're sitting there to help the small business or the e-commerce business.

SaaS Interviews with CEOs, Startups, Founders
LendingPoint Hits $600m ARR, Will Profit $120m on AI platform for consumer loans

We're helping them buy inventory so they can deploy.

SaaS Interviews with CEOs, Startups, Founders
LendingPoint Hits $600m ARR, Will Profit $120m on AI platform for consumer loans

They run a sale.

SaaS Interviews with CEOs, Startups, Founders
LendingPoint Hits $600m ARR, Will Profit $120m on AI platform for consumer loans

They run low in inventory.

SaaS Interviews with CEOs, Startups, Founders
LendingPoint Hits $600m ARR, Will Profit $120m on AI platform for consumer loans

They use us as a backstop to be able to fill back up the inventory.

SaaS Interviews with CEOs, Startups, Founders
LendingPoint Hits $600m ARR, Will Profit $120m on AI platform for consumer loans

On the consumer side as well as small business.

SaaS Interviews with CEOs, Startups, Founders
LendingPoint Hits $600m ARR, Will Profit $120m on AI platform for consumer loans

Look, we have an amazing team.