Fintech startup LendKey announced it has secured $7.5 million in financing from an undisclosed investor.
LendKey Technologies develops a cloud-based platform that connects lenders with borrowers and facilitates online loans. It enables consumers to find and secure private student loans, auto loans, and personal loans from credit unions and community banks. The platform handles all aspects of online lending programs, including demand generation, decision-making, loan servicing, and balance management. It also serves portfolio of loans through digital invoicing, payment processing, and real-time reporting, and 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 scores across multiple asset classes.