Tom BurnsideCEO & Co-Founder at LendingPoint
Tom Burnside is the Co-Founder and Chief Executive Officer of LendingPoint. Created to provide NearPrime consumers with affordable access to credit that they are often denied, LendingPoint has now expanded to serve customers with credit scores ranging from 580 to 850, both online and at the point of sale. As CEO and Co-founder, Tom offers his vision and expertise for protecting, nourishing and growing each customer’s financial future. He encourages his team to understand the marketplace, iterate quickly and become intimate with the ebb and flow of lending.
An accomplished credit and financial services leader, as well as a respected data scientist, Tom brings more than 25 years of experience to LendingPoint. His early career focused on using big data to solve needs for the payments industry, including the development of models for check clearance at Telecheck, a First Data Company; and casino lending at Global Cash Access, a First Data Company. Tom also led Hogan Services data collection aggregation businesses for credit-bureau clients.
Prior to founding LendingPoint alongside Franck Fatras, Victor J. Pacheco and Juan E. Tavares, Tom served as President and COO of CAN Capital. During his 13 years at CAN, he designed, developed, and implemented the company’s unique credit-scoring model that identifies ideal lending conditions across short-term maturity. Additionally, Tom guided more than 150,000 small businesses in their quest to secure over $4 billion in loans and merchant cash advances, providing working capital that fuels businesses for the long-term and helps local communities move forward with complete financial confidence.
Tom’s ability to see the potential in customers is what makes him eager to do the right thing in an industry that’s traditionally been concerned with standardized procedures and status-quo lending. Throughout his career, Tom has worked closely with the world’s largest Fortune 500 credit card companies, transaction processors, and financial services companies. Tom believes that while the mission of LendingPoint is to serve our customers’ financial needs, that mission is only possible through disciplined, data-driven credit and risk management.