LendKey Technologies develops a cloud-based platform which connects lenders with borrowers and facilitates online lending of loans. It enables consumers to find and borrow private student loans, auto loans, and personal loans from credit unions and community banks.
The platform handles various aspects of online lending programs, including demand generation, online decision-making, loan servicing, and balance management. The platform serves portfolio of loans through digital invoicing, payment processing, and real-time reporting. Its digital origination process features electronic loan jackets, signature services, and funds disbursement.
Clients can set custom pricing and make real-time decisions based on their own credit scorecards across multiple asset classes. Consumers can apply online for loans; get a list of rates terms tailored to their profiles, locations, and debt amounts; customize loans to meet financial goals; and upload documents and get the loans funded by a community funder.
LendKey Technologies was co-founded by Chirag Chaman and Vince Passione in 2007 and is based in New York, United States.
Funding Rounds (7) - $31.73MUpdate
|Date||Amount / Round||Valuation||Lead Investor||Investors|
|May, 2015||$8M / Debt Financing||—||—||1|
|Aug, 2013||$12.5M / Series B||—||Updata Partners||4|
|Apr, 2012||$1M / Debt Financing||—||—||0|
|Aug, 2011||$2.03M / Debt Financing||—||—||0|
|Jan, 2010||$6.5M / Series A||—||Draper Fisher Jurvetson (DFJ)||3|
|Aug, 2009||$1.2M / Debt Financing||—||—||4|
|Oct, 2007||$500k / Angel||—||—||0|
Current Team (3)Update
Board Members and Advisors (2)Update
|May 28, 2015||finovate.com - LendKey Adds $8 Million in Venture Debt; Reaches $800 Million in Loans - Finovate|
|Apr 14, 2015||PE HUB - LendKey nabs up to $1 bln from Apollo Global-backed MidCap|
|Apr 1, 2014||TechCrunch - Online Lending Technology Company LendKey Raises $12.5M|
|Oct 7, 2013||SEC - SEC FORM D|
|Aug 26, 2013||SEC - SEC FORM D|
|Aug 7, 2013||TechCrunch - Online Lending Technology Company LendKey Raises $12.5M|
|Feb 1, 2010||Dow Jones - Fynanz Steps Up To Fill Student-Loans Gap With $6.5M Series A|
|Feb 1, 2010||TechCrunch - Fynanz Scores $6.5 Million For Peer-To-Peer Student Lending Platform|
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224 West 30th St, Suite 604
New York, NY 10001