LendingTree executive says Charleston startup it acquired will be a useful retention tool
A few years after buying two Charleston-based companies, a top exectuive at a Charlotte financial technology giant said its Lowcountry investment is growing, and the coastal location may be helping it keep and attract talent.
LendingTree, which trades under the ticker symbol “TREE,” is an online loan marketplace. It is one of the big success stories among startups in the Southeast. Founded in 1996, it made its initial public offering in 2000 and is now valued at about $5 billion.
It made its latest local acquisition two years ago by purchasing Snap Capital, or SnapCap, a Charleston-grown online business lending platform, for $21 million.
