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July 05, 2015 5:04 AM ET

Internet Software and Services

Company Overview of LendKey Technologies, Inc.

Company Overview

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

4th Floor

New York, NY 10001

United States

Founded in 2007

Phone:

646-626-7396

Fax:

866-262-3969

Key Executives for LendKey Technologies, Inc.

Co-Founder, Chief Executive Officer and Director
Age: 53
Senior Vice President and Regulatory Compliance Counsel
Chief Strategy Officer
Age: 54
Senior Vice President of Customer Experience
Director of Technology
Compensation as of Fiscal Year 2015.

LendKey Technologies, Inc. Key Developments

LendKey Technologies Secures $8 Million in Venture Debt Financing

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

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

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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