Company Information

Get to know LoanHero

Founded in 2014, LoanHero, Inc. was a financial technology company that provided a platform for point-of-sale financing. The company's solution enabled merchants, particularly in sectors like medical procedures, home improvement, and auto repair, to offer immediate financing options to consumers at the checkout. LoanHero's platform connected multiple lenders to provide high approval rates for customers seeking to break up large purchases into manageable monthly payments. In late 2017, the company was acquired by Bread, another leader in the buy now, pay later (BNPL) and POS financing space, and its technology and operations were integrated into Bread's platform.

Industry

Financial PSP GatewayPRIMARY
Financial Other Service

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LoanHero

United States

Founded in

2014 (12 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Regulated

Recommended

(73 reviews)

Cyprus

2009

(17 years)

Security Information :

CySEC

FSCA

DFSA

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.