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About LoanStreet
Industries
Fintech
Financial Services
Company Size
51-200
Company Stage
Series B
Total Funding
$42.6M
Headquarters
New York City, New York
Founded
2013
Overview
LoanStreet offers a technology-based platform designed for financial institutions, particularly credit unions and banks, to manage their loan portfolios more effectively. The platform focuses on loan participations, which allow multiple lenders to share the risks and rewards of a loan. LoanStreet automates and standardizes the entire loan participation process, from origination to maturity, making it easier for institutions to handle their loans. It provides detailed reporting tools and increased transparency by tracking various loan characteristics, including metrics like long-term prepayment rates. Unlike its competitors, LoanStreet emphasizes automation and efficiency, helping clients scale their participation programs. The company's goal is to enhance balance sheet management, increase income, and reduce risk for financial institutions.
Simplify's Take
What believers are saying
- Growing demand for digital loan syndication boosts LoanStreet's market potential.
- Advancements in AI enhance LoanStreet's risk assessment and loan performance analytics.
- Regulatory focus on transparency increases demand for LoanStreet's detailed reporting features.
What critics are saying
- Emerging fintech startups could erode LoanStreet's market share.
- Regulatory scrutiny may increase compliance costs for LoanStreet.
- Economic downturns could lead to higher default rates, affecting platform attractiveness.
What makes LoanStreet unique
- LoanStreet automates loan syndication from origination to maturity, enhancing efficiency.
- The platform offers detailed analytics, including long-term prepayment rates, for better decision-making.
- LoanStreet's network effect increases opportunities as more institutions join the platform.
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Funding
Total Funding
$42.6M
Below
Industry Average
Funded Over
3 Rounds
Industry standards
Growth & Insights and Company News
6 month growth
↓ -5%1 year growth
↓ -1%2 year growth
↓ -1%NEW YORK, Jan. 25, 2024 /PRNewswire/ - LoanStreet Inc., a leading technology provider for loan trading, reporting, analysis and servicing, is pleased to announce the extension of its Performance Analytics suite - previously limited to analyzing loan participations - to an institution's entire loan portfolio.
LoanStreet Inc., the provider of the leading platform for loan sharing, reporting and analysis, is pleased to announce the launch of Performance Analytics for loan participations.
LoanStreet will use the investment to accelerate the adoption of its market-leading participations platform for trading and reporting on loans; expand the capabilities of its loan analytics offerings; and continue to develop its next-generation commercial loan servicing solution.
LoanStreet Inc, the leading platform for sharing, managing and analysing loans, today announced it has closed a $25 million Series B funding led by Portage Ventures to accelerate the growth of its loan ecosystem.
There are no jobs for LoanStreet right now.
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About LoanStreet
Industries
Fintech
Financial Services
Company Size
51-200
Company Stage
Series B
Total Funding
$42.6M
Headquarters
New York City, New York
Founded
2013
There are no jobs for LoanStreet right now.
Find jobs on Simplify and start your career today