Internet Software and Services
Company Overview of LendKey Technologies, Inc.
LendKey Technologies, Inc., a cloud-based lending technology company, provides essential infrastructure for credit unions, banks, and other parties to set up their lending operations in the United States. It offers LendRules, a credit decisioning platform that enables lenders to make real-time and compliant decisions based on their own credit scorecards across multiple asset classes; and LendOriginate, an origination platform that assists lenders in growing their portfolios through a compliant and warranted process that features an electronic loan jacket, electronic signature services, and funds disbursement. The company also provides LendShare, a participation platform that allows lending e...
104 West 27th Street
New York, NY 10001
Founded in 2007
Key Executives for LendKey Technologies, Inc.
Co-Founder, Chief Executive Officer and Director
Senior Vice President and Regulatory Compliance Counsel
Senior Vice President of Customer Experience
Compensation as of Fiscal Year 2015.
LendKey Technologies, Inc. Key Developments
LendKey Technologies Secures $8 Million in Venture Debt Financing
Jun 1 15
LendKey Technologies, Inc. has secured $8 million in venture debt financing from Silicon Valley Bank. LendKey will use the funding to drive continued technology and product innovation and expand its partnership and marketing initiatives.
Western Independent Bankers Selects LendKey as Exclusive Auto Lending Partner for 130+ Community Banks
May 5 15
Western Independent Bankers announced that it endorsed LendKey, a Lending as a Service platform, as its exclusive auto-lending partner. LendKey already has an exclusive endorsed partnership with WIB for student lending. WIB will now endorse LendKey's auto lending solution to community banks across the Western states of Alaska, Arizona, California, Colorado, Hawaii, Idaho, Montana, Nevada, New Mexico, Oregon, Utah, Washington, Wyoming and the U.S. Territories.
LendKey Secures Up to $1 Billion in Financing
Apr 14 15
LendKey announced it has secured a financing commitment from MidCap Financial. The commitment will be used by MidCap to purchase up to $1 billion of student consolidation loans originated on the LendKey platform with potential further participation in the loans to be provided by investment funds managed by Apollo. LendKey's platform is currently used by more than 300 credit unions, community banks and other financial institutions. The financing commitment will enable LendKey and its lender clients to expand student loan refinancing programs and provide flexibility by giving clients options for liquidity and capital management. This marks the large ever institutional financing commitment to an online lending platform for student loan refinancing.
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May 28, 2015