FinovateSpring 2015 / LendKey
Presenter Profile:
How they describe themselves: LendKey creates and manages online lending programs for banks and credit unions, bringing low-cost loans and transparent terms directly to consumers. Our turnkey platform allows lenders to quickly launch online lending programs, attract new borrowers and grow their portfolios. Our vision is to transform a $3.2T consumer lending market by connecting thousands of banks and credit unions with millions of customers through the LendKey MarketPlace.
How they describe their product/innovation: Leveraging LendKey’s experience in building real-time loan origination systems, the LendKey MarketPlace empowers consumers to browse, customize, compare and complete the entire loan shopping process via a single interface. This represents a dramatic step forward from current consumer loan marketplaces which collect consumer information and may provide some pricing information, but eventually transfer the borrower elsewhere to complete and submit the loan.
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B)
Contacts:
Bus. Dev. & Sales: Jason Hills, SVP Sales, jhills@lendkey.com
Press: Tracey Koblick, JCUTLER media group, tk@jcmg.com, 323-969-9904
Website: lendkey.com
Twitter: @LendKey
HQ: New York, NY
Founded: October 2007
Product Demoed: LendKey MarketPlace
Product Launch: June 2015
Metrics: LendKey’s online lending platform is used by over 300 credit unions and banks and has raised more than $750M in funding for loans to over 35,000 borrowers. Our success to-date is due in great part to some key partnerships including CUNA Strategic Services and Western Independent Bankers (as an endorsed service provider), numerous state credit union leagues and bank associations, and consumer financial service providers like Intuit (Mint.com) and Credit Karma. LendKey raised $23.5M in equity from backers including Draper Fisher Jurvetson, Updata Partners, and DFJ Gotham Ventures. We have over 100 full time employees split between our NYC headquarters and an office in Cincinnati, OH.
Presenters: Vince Passione (CEO & Founder), Strati Papageorge (CPO)
- Key Executives
Vince Passione (CEO), Brad Kime (CRO), Strati Papageorge (CPO)