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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

And really the limiting factor was capital.

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

It's just how much capital you have in the books.

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

That was really more of your limiting factor, more so than the capacity of the lines.

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

2021, I mean, it was a very interesting year.

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

We grew 144% year over year, 20 to 21.

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

What number?

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

I'm sorry?

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

The funding levels.

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

The funding levels.

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

And we'll talk about revenue here in just a second, but the funding levels themselves.

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

So we grew, we went from roughly, we went to $2.1 billion in 2021.

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

which is a huge growth.

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

We slowed down a little bit during COVID in 2020, but then we had just a significant sort of close, a little under a billion, then went to 2.1 billion.

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

So we had significant growth kind of year over year.

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

This year, we're already starting out about almost $900 million.

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

Yes.

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

Incredible.

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

Yeah, it's growing quickly now.

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

So from a revenue perspective, I think there's probably two pieces here.

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

In 2021, we were at about $330 million.