Thursday, January 11, 2018

LoanHero Acquired By LendingPoint

San Diego-based LoanHero, which had offered up a service to help merchants offer up point-of-sale financing options to consumers, has been acquired by Georgia-based LendingPoint. Financial details of the deal were not announced. According to LoanHero had been venture backed by Alsop Louie Partners and Mucker Capital, and had raised $4.2M in total funding. LoanHero had been founded in 2014. LoanHero's Chairman and CEO was Zalman Vitenson.