LendKey Technologies

lendingonline loans

FOUNDING YEAR: 2007
LOCATION: United States
Last Update: 14/02/2020

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About

LendKey develops a cloud-based lending platform that enables lenders and asset managers to quickly, securely, and profitably lend to anyone. It provides a Lending-as-a-Service platform enabling financial institutions of all sizes with the ability to attract new business, grow relationships, manage liquidity, and mitigate risk.

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

LendKey charges an origination fee on all loans originated, as well as an annual servicing fee.

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.

Traction

VALUATION / MARKET CAP:

$83.33 M in 2015

TRANSACTIONS VALUE:

$800 M

ACTIVE USERS:

0.0380

People

FOUNDERS

Chirag Chaman

Vince Passione

BOARD MEMBERS AND ADVISORS

Josh Stein

NUMBER OF EMPLOYEES

51-200

INVESTORS:

Brazos Group

DFJ Gotham Ventures

Draper Fisher Jurvetson (DFJ)

Gotham Ventures

Silicon Valley Bank

Tourne View Ventures

TTV Capital

Updata Partners

Momentum

FUNDED

YES

TOTAL FUNDING

$27.5 M

DATE OF LAST FUNDING

Jul 2017

SEED & PRIOR FUNDING

$500 K

FUNDING SERIES

SERIES A  · $6.5 M  · Jan 2010

SERIES B  · $12.5 M  · Aug 2013

SERIES C  · $8 M  · Jul 2017

DEBT FUNDING

$17.23 M

LISTED

NO

BASICS

FOUNDING YEAR:

2007

LOCATION:

United States

Views:

329 VISITORS | 718 VIEWS
LATEST FUNDING ROUND

$27.5 M

TOTAL EMPLOYEES
51-200

About

LendKey develops a cloud-based lending platform that enables lenders and asset managers to quickly, securely, and profitably lend to anyone. It provides a Lending-as-a-Service platform enabling financial institutions of all sizes with the ability to attract new business, grow relationships, manage liquidity, and mitigate risk.

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Traction+
People+
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