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About Above Lending
Industries
Fintech
Financial Services
Company Size
51-200
Company Stage
Debt Financing
Total Funding
$200M
Headquarters
Northbrook, Illinois
Founded
2019
Overview
Above Lending provides financial services that simplify the lending process and assist clients in managing their debt. The company offers straightforward financial products with competitive rates, aimed at helping individuals achieve their personal finance goals. Clients receive personalized support from loan specialists, making credit more affordable and accessible. Above Lending primarily targets individuals who want to take control of their debt and improve their financial well-being. The company generates revenue through interest rates and fees associated with its lending products. Its mission is to help borrowers attain financial stability and reach their financial aspirations.
Simplify's Take
What believers are saying
- Closed a $200 million facility to fund loan book growth.
- Increased demand for digital lending platforms boosts Above Lending's market potential.
- Growing interest in financial literacy can enhance Above Lending's educational offerings.
What critics are saying
- Rising interest rates may reduce demand for Above Lending's loan products.
- Increased competition from fintech startups could erode market share.
- Declining consumer credit scores may increase loan default risks.
What makes Above Lending unique
- Above Lending offers personalized support from dedicated loan specialists.
- The company focuses on making credit more affordable and accessible.
- Above Lending simplifies the lending process for better client experience.
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Funding
Total Funding
$200M
Above
Industry Average
Funded Over
1 Rounds
Benefits
Health Insurance
Dental Insurance
Vision Insurance
Paid Vacation
Paid Sick Leave
Unlimited Paid Time Off
401(k) Company Match
401(k) Retirement Plan
Professional Development Budget
Growth & Insights and Company News
6 month growth
↑ 2%1 year growth
↑ 2%2 year growth
↑ 1%Loading. Loading. Loading...NEW YORK, Oct. 30, 2023 (GLOBE NEWSWIRE) -- Above Lending, a leading national provider of consumer installment loans, today announced the closing of a $200-million warehouse facility (the "Financing") led by ATLAS SP Partners ("ATLAS SP"), which is acting as Administrative Agent.Above Lending focuses on originating consumer loans for individuals looking to repay existing credit card and other household debt and rebuild their credit profile. The Financing will be used to fund growth in Above Lending's loan book."Above's loan product is an effective solution for consumers looking to pay off existing credit card and other household debt and rebuild their credit profile," said Above Lending CFO Hadi Husain. "The capital we have raised from ATLAS SP will be instrumental in helping us reach more consumers and work to put them on a path to a better financial future.""We are proud to provide additional capital to Above Lending to support the continued growth of their consumer lending platform," said ATLAS SP Director Andrew Koepke
Above Lending is Hiring for 4 Jobs on Simplify!
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About Above Lending
Industries
Fintech
Financial Services
Company Size
51-200
Company Stage
Debt Financing
Total Funding
$200M
Headquarters
Northbrook, Illinois
Founded
2019
Above Lending is Hiring for 4 Jobs on Simplify!
Find jobs on Simplify and start your career today
People Also Viewed
Discover companies similar to Above Lending