LendingPoint, online lender and provider of the LoanHero point of sale financing platform, announced the appointment of a Citibank executive as its new chief financial officer.
In a press release, the company said Antonio Martino is joining the company as CFO. Most recently, Martino was a director in charge of global oversight in the asset liability management and balance sheet management processes for Citibank. Prior to that, he served as CFO of Citibank in Turkey and across Central Europe.
“We are delighted to add Tony Martino to our team at LendingPoint. His deep experience with multi-product balance sheet lenders, as well as his experience in rapidly growing markets, match perfectly with where we are in our journey at LendingPoint,” said CEO Tom Burnside in the press release. “As we grow our core LendingPoint online consumer loan business as well as integrate our fast-growing LoanHero acquisition, Tony’s knowledge ensures that our financial modeling, planning and execution will be done at the very highest level.”
Luke Graham, LendingPoint’s current CFO, will take on the role of capital markets officer.
LendingPoint announced on Jan. 11 that it had acquired LoanHero, a fully integrated, one-stop-shop loan origination and payments platform that helps merchants provide access to consumer finance, increase revenue and eliminate friction at the point of sale. In September of last year, LendingPoint announced that it had closed an up to $500 million senior credit facility arranged by Guggenheim Securities.
“Our current growth rates, together with the addition of LoanHero’s product suite and our commitment to balance sheet lending, means that our need for more complex financing structures is growing just as fast,” Burnside added in the press release. “Luke's expertise will help guide our continued growth by keeping us laser-focused on building and maintaining our capital stack.”