• FOUNDING YEAR: 2007
    LOCATION:
    United States
    REGION:
    NY
    Last Update:
    27 Jun, 2019
    Phone:
    +1 800-583-1416

Description

FOCUS

PRODUCTS & SERVICES:
Cloud based loan platform for student loan refinancing, private student loans, referral programs. Borrowers- Save money with the help of lower interest rate. Lenders - Full scale marketing, operations and technological support.
REVENUE MODEL:
Viewable by subscribers only
MAIN CLIENTS:
Summit Credit Union, Belvoir Federal Credit Union, Betty house.
EXISTING PARTNERSHIPS:
Truecar, Western Independent Bankers(WIB) - Lendkey is a student lending partner and WIB wil provide student lending solution to community banks across the western states.
COMMENT
Cloud based lending technology reduces the investment requirements, provide instant scaling up and increase the ROI.

PEOPLE

Board Members and Advisors:
Josh Stein
NUMBER OF EMPLOYEES:
51-200
INVESTORS:
TTV Capital, Updata Partners, Gotham Ventures, Draper Fisher Jurvetson (DFJ), Silicon Valley Bank, DFJ Gotham Ventures, Brazos Group, Tourne View Ventures

TRACTION

VALUATION / MARKET CAP:
$83.33 MM in 2015
TRANSACTIONS VALUE:
$800 MM
ACTIVE USERS:
0.0380

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$44.73 Millions
DATE OF LAST FUNDING:
Jul 2017
SEED & PRIOR FUNDING:
$500 K
SEED CLOSED ON:
Oct 2007
SEED PRIOR FUNDING COMMENT:
$1.2M - Debt financing in Aug 2009
FUNDING SERIES:
SERIES A
$6.5 Millions Closed: Jan 2010
SERIES B
$12.5 Millions Closed: Aug 2013
SERIES C
$13 Million Closed: Jul 2017
COMMENTS
SERIES A : $2.03 M and $1 M of Debt financing in Aug 2011 and Apr 2012 SERIES B : $8M - Debt financing in May 2015
LISTED:
NO

LATEST RESEARCH