On Monday, LendFoundry presented its very own fintech lending operating system at LendIt 2016, which was held in San Francisco. The company reportedly provides end-to-end lending solution that simplifies loan origination, marketing, acquisition, underwriting, servicing and beyond.
Sharing details about the company’s system, Timothy Li, co-founder and board member of LendFoundry, stated:
“In 2013, our team set out to build a new ecosystem, to develop a FinTech lending Operating System, with a mission to provide a state-of-the-art, user-friendly, scalable platform. We now call that platform, LendFoundry. With a team of some of the brightest architects and engineers, LendFoundry has become the trusted operating system of choice, from start up to enterprise, including some of today’s largest online marketplace lenders.”
Manoj Matthew, co-founder of LendFoundry, then noted:
“Marketplace lenders were grappling with the question of whether they should focus on the ‘Fin’ or the ‘Tech’ part of the business. It was our goal to sacrifice neither, so we built a best-in-class FinTech Operating System that allows lenders to focus on clients and portfolios. These core principles paved the foundation for LendFoundry.”
LendFoundry noted that its system provides the following:
- Scalability: A Cloud-based platform, available as a SaaS model, LendFoundry is the foundation upon which marketplace lending is growing
- Simplicity: Pre-packaged ‘turn-key’ integration with many third-party providers such as credit bureaus, bank data providers, document handlers, and marketing applications, simplifies implementation while substantially reducing integration costs
- Intelligence: Want insights? The LendFoundry operating system provides robust data collection, management and reporting capabilities creating a competitive advantage through business intelligence.
— LendFoundry (@lendfoundry) April 11, 2016