# LendingStandard

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/lendingstandard

- Industry: Software
- Headquarters: Kansas City, US
- Website: www.lendingstandard.com
- Total disclosed funding: $2.5M
- Latest round: Series A (Oct 18, 2018)
- Investors on record: 2

## About

LendingStandard, Inc. is a US-based company specializing in innovative software solutions for the commercial real estate lending sector, enhancing efficiency in loan origination and underwriting processes through automation.LendingStandard, Inc. provides a comprehensive platform for the commercial real estate lending industry. Founded in 2012 in Kansas City, US, by Andy Kallenbach, the company has secured a total of USD 6.7 mn in funding. Most recently, on June 6, 2023, they completed a funding round led by Naples Technology Ventures, with participation from Flyover Capital and other investors. The latest funding will bolster efforts to expand market share.LendingStandard's core offering is a comprehensive Software as a Service (SaaS) platform tailored for the commercial real estate (CRE) lending sector. The solution automates loan origination and underwriting processes, enhancing productivity and accuracy. It allows users to manage complex loan types with a single data entry that flows through different processing stages. The platform supports open API integrations and data imports from various formats, including Excel. It caters to sectors like banking, private lending, and municipal financing, serving clients such as commercial banks, mortgage brokers, and real estate investment firms across North America, particularly in the United States.LendingStandard operates under a subscription-based revenue model, with clients paying for access to their SaaS platform. This model enables configurable administration of loan processes, engaging various financial institutions and real estate firms looking to enhance operational efficiency. Clients may enter long-term agreements to maintain platform access, with the system designed to provide high returns on investment through improved service delivery. The platform's implementation is expedited by preconfigured modules for immediate usage.In June 2023, LendingStandard, Inc. raised USD 6.7 mn in venture funding, which will be utilized to rapidly increase market share. The company aims to expand its offerings with new product developments and explore growth in additional markets and geographic regions, though specific details on these initiatives and timelines have not been disclosed.

## Funding rounds

- Series A, Oct 18, 2018, $2M — Flyover Capital
- Seed, Feb 17, 2015, $0.4M — SixThirty
- Seed, Apr 16, 2014, $0.1M — SixThirty

## Investors

- SixThirty (https://capitalatlas.ai/funds/sixthirty) — Seed
- Flyover Capital (https://capitalatlas.ai/funds/flyover-capital) — Series A