About LoanHero
LoanHero is a Financial Services company based in San Diego (United States) founded in 2014, and was acquired by LendingPoint in January 2018. A loan origination marketplace. LoanHero has raised $5.18 million across 6 funding rounds from investors including LendingPoint, Alsop Louie Partners and Mucker. Its focus areas include FinTech, Alternative Lending, Online Lenders and Consumer Loans. Its competitors include Affirm, Sunbit and Snap Finance; 3 of its 3 listed competitors have raised funding.
Company details
LoanHero was founded in 2014 in San Diego, United States, operating as a fintech platform in the loan origination sector. Technological infrastructure is utilized to allow customers to check credit ratings and access loan products from providers. Merchants are supported in accelerating sales by offering financing options to consumers. Debt financing commitments totaling 20 million were secured in June 2015.
- Headquarters San Diego, United States
- Stage Acquired
- SectorsFinancial Services
- Website loanhero.com
- Social LinkedIn X Facebook
- Acquired by LendingPoint (Jan 2018)
- Total Equity Funding$5.18M (USD)
in 6 rounds
- Latest Funding Round$2.5M (USD), Seed
Jan 2016
- InvestorsLendingPoint
& 2 more
- Acquired byLendingPoint
(Jan 2018)
Funding Insights of LoanHero
LoanHero has successfully raised a total of $5.18M across 6 strategic funding rounds. The most recent funding activity was a Seed round of $2.5 million completed in January 2016. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $5.18M
- Total Rounds 6
- Last Round Seed — $2.5M
- First Round $325,000
(Apr 2015)
- Investors Count 2
All 6 funding rounds of LoanHero with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2016 | $2.5M | Seed | – | Alsop Louie Partners, Mucker | – |
| Sep 2015 | $100,000 | Seed | – | – | – |
| Jun 2015 | $550,000 | Seed | – | – | – |
| Jun 2015 | $1.7M | Seed | – | – | – |
| Jun 2015 | $20M | Debt – Venture | – | – | – |
| Apr 2015 | $325,000 | Seed | – | – | – |
3 investors in total: 3 institutional.
Investors in LoanHero
LoanHero has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include LendingPoint, Alsop Louie Partners and Mucker.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage technology venture capital firm specializing in risk-oriented investments with a humanist approach. | alsop-louie.com | |||
Accelerator and venture capital firm | mucker.com | Santa Monica, United States | ||
Personal loans are facilitated through an online marketplace platform. | 2014 | lendingpoint.com | Atlanta, United States |
Investor details for LoanHero
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
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People of LoanHero
31 people are tracked at LoanHero (19 in leadership, 12 in team).
| Name | Role | Group |
|---|---|---|
Kathy Bennett | Vp, Compensation And Benefits | Leadership |
David Kaiser | Vice President, Pricing & Risk Management | Leadership |
Rama Govinda | Sr Director Of Solution Engineering & Delivery | Leadership |
Namit Srivastava | Director, Credit Risk And Analytics | Leadership |
Christy Mahon | Chief People Officer | Leadership |
Amanda Flashner | Chief Experience & Communications Officer | Leadership |
Sasi Suggula | Director Of Analytics | Leadership |
Saravanan Sundararajan | Senior Director, Fraud Risk And Payments | Leadership |
Robin Hooker | Senior Vice President Of Customer Service | Leadership |
Raul Tavares | Chief Lending Officer | Leadership |
Michael Antonishak | COO | Leadership |
Allegra Crowder | Vice President, Customer Experience | Leadership |
Anthony Suzara | Senior Vice President, Corporate Strategy And M&a | Leadership |
Chris Hall | Director, Partner Success | Leadership |
Mark Lorimer | Chief Business Affairs & Legal Officer | Leadership |
Ryan Matthews | Vice President, Capital Markets | Leadership |
Jorge Zeller | Senior Director - Revenue And Growth | Leadership |
Karen Louis | Associate General Counsel Head Of Compliance | Leadership |
Mike Boyle | Senior Vice President, Collections And Recoveries Operations | Leadership |
Jorge Armenteros | Senior Manager - Credit And Fraud Risk Strategy | Team |
11 more people are available in the full profile.
Complete people profiles for LoanHero
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of LoanHero
4 dated milestones of LoanHero across 4 years, from founding to its latest funding, stage changes and deals.
- Founded LoanHero is founded.
- Funding First funding round of $325K.
- Funding Latest funding round, Seed, of $2.5M.
- Exit Acquired by LendingPoint.
Competitors of LoanHero
LoanHero has 3 listed competitors in our database, 3 of them funded. They include Affirm, Sunbit and Snap Finance.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| affirm.com | 2012 | San Francisco, United States | $1.23B | 2,171 | Point-of-sale financing is facilitated via an online installment payment platform. | |
| sunbit.com | 2016 | Los Angeles, United States | $158.63M | 128 | Point-of-sale financing is facilitated via an online platform for retailers. | |
| snapfinance.com | 2012 | Salt Lake, United States | $30.09M | 621 | Merchandise financing is offered through partner stores. |
Detailed competitors of LoanHero
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Verified entity values are shown only after access is granted.
Web traffic of LoanHero
Websites that share an audience with LoanHero (loanhero.com).
Websites whose visitors overlap most with LoanHero. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| google.com | 100% | 85.8B | #1 | View details |
Top companies in Alternative Lending
3 companies that operate in the same segment as LoanHero (Alternative Lending) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Diversified loans are provided via an AI-enabled online marketplace. | 2012 | Palo Alto, California, United States | USD 128.65 M | USD 1.04 B | 1,190 | |
Various consumer loans and financial services are offered online. | 2011 | San Francisco, California, United States | USD 3.04 B | USD 4.77 B | 6,843 | |
Credit score checking and comparison platform for financial products | 2007 | San Francisco, California, United States | USD 869.77 M | 1,487 |
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Related news about Loanhero
Complete news archive for LoanHero
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Frequently Asked Questions about LoanHero
LoanHero was founded in 2014 and raised its 1st funding round 1 year after it was founded.
LoanHero is headquartered in San Diego, United States. It is registered at San Diego, California, United States.
LoanHero is a funded company, having raised a total of $5.18M across 6 funding rounds to date. The company's 1st funding round was a Seed of $325K, raised on Apr 2015.
LoanHero was founded in 2014 in San Diego, United States, operating as a fintech platform in the loan origination sector. Technological infrastructure is utilized to allow customers to check credit ratings and access loan products from providers. Merchants are supported in accelerating sales by offering financing options to consumers. Debt financing commitments totaling 20 million were secured in June 2015.
LoanHero's top competitors include Sunbit, Snap Finance and Affirm.
LoanHero has 3 investors. Key investors include LendingPoint, Alsop Louie Partners, and Mucker.
Yes. LoanHero was acquired by LendingPoint in January 2018.