Tagged: vince passione

LendKey’s Very Big Day: $13M Series C Funding, $8M Equity & $5M Debt Financing

LendKey, a leading lending-as-a-service solution for banks and credit unions, raked in $13 million in Series C funding, $8 million in equity and $5 million in debt financing. North Atlantic Capital, based in Portland, ME, led the round with participation from each of LendKey’s existing… Read More

LendKey Releases New Report: “Positive Signal for Private Student Loans”

LendKey, a fintech company which provides institutional investors, banks, credit unions, affiliates, and borrowers with “access, efficiency, and speed” within the lending ecosystem, today released an inaugural industry-specific report entitled Positive Signal for Private Student Loans. In April the New York and Cincinnati based platform surpassed the billion-dollar mark in… Read More

LendKey Deploys $1 Billion in Lending Capital to Borrowers

LendKey, a leading fintech company in the lending ecosystem, announced today the successful underwriting, origination, and deployment of more than $1 billion in lender capital to borrowers.  Private student loan and student refinancing opportunities contributed the lion’s share of deployment to LendKey, as borrowers accessed… Read More

Salil Mehta Joins LendKey as SVP of Credit Risk & Analytics Team

LendKey, the Lending-as-a-Service platform that connects borrowers with credit unions and banks with over $800 million in loan capital deployed through their bank and credit union clients, announced the appointment of Salil Mehta as Senior Vice President of Credit Risk & Analytics. Mr. Mehta, an… Read More

LendKey Announces $8M Venture Debt Line from Silicon Valley Bank & $125M Commitment from Credit Union Network

LendKey Grand Slam: Hits 35,000 Customers, Expands Management Team, $8M venture debt line from Silicon Valley Bank and Raises Additional $125M Commitment From Network of Credit Unions LendKey, the Lending-as-a-Service platform that connects borrowers with credit unions and banks, today announced several key growth milestones. The… Read More

Western Independent Bankers Picks LendKey As Exclusive Auto Lending Partner

Western Independent Bankers (WIB), a trade association of more than 130 community banks, announced today that it endorsed LendKey, a Lending as a Service platform, as its exclusive auto-­lending partner. 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… Read More

LendKey CEO Comments on $1 Billion in Backing from Apollo (Video)

Vince Passione, LendKey CEO, cemented a $1 billion deal to re-finance student loans as he positions his company to challenge marketplace lending platforms like SoFi and CommonBond. This may be the biggest funding deal to date and is just further evidence of the intense interest… Read More

LendKey Receives “Largest” Institutional Commitment for Student Loans

LendKey, an online lending platform that connects local banks to borrowers, announced it has received a “conditional” commitment of up to $1 billion for student loan consolidation originated on the LendKey site.  The financing was from MidCap Financial, managed by a subsidiary of Apollo Global… Read More

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