Insikt offers white label loan processing services that act as an alternative to payday loans by breaking up payments into smaller installments. It helps brands to improve their relationship with customers by providing credit-building personal loans to them. It offers "Lending as a service" and handles various functions like scoring, servicing, technology, and capital. It helps brands to offer consumer loans to the underbanked families.
Insikt sprung from our realization that brands, not banks, will be the lenders of tomorrow. Traditional banks have little interest in making small personal loans, haven't kept up with the fast-paced world of technology, and are unequipped to harness the power of data in the evolving world of finance.
Insikt's unique, data driven technology, combined with other notable strides in fintech, is reinventing the world of lending to bring credit and opportunity to the masses. As social media and other technologies create new relationships with consumers, tomorrow’s lenders will be media giants, retailers, and everyday brands, offering their customers a path into the financial mainstream.
We believe that our remarkable platform, which handles scoring, servicing, technology and capital, is the future of lending. “Lending as a Service," as we describe this process, puts the power to provide fairly priced, credit-building personal loans directly in the hands of brands seeking to deepen their bonds with customers.
PRODUCTS & SERVICES:
Insikt offers 2 different solutions mainly:
1) Lending as a Service: The Lendify platform offers various services like risk analysis, funding of loans, colllections etc.
2) Fixed Income Investing: It helps organizations to diversify their investment portfolio by investing in consumer loans
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DATE OF LAST FUNDING:
SEED & PRIOR FUNDING:
SEED CLOSED ON:
$7 Millions Closed: Dec 2013
$17 Million Closed: Dec 2014
uonmtxuitelbecoqdg zmClosed: Aug 2017
$50 Millions Closed: Dec 2017
SERIES C :
Undisclosed Series C raised in August 2017