# LendKey Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/lendkey-technologies

- Industry: Financial Services
- Headquarters: New York, US
- Website: www.lendkey.com
- Total disclosed funding: $25M
- Latest round: Series C (Jul 20, 2017)
- Investors on record: 7

## About

LendKey Technologies, Inc. offers innovative financial solutions focused on student loans and home improvement financing, empowering clients to manage debt effectively through its digital lending platform.Founded in 2007 by Mike Stallmeyer and Vince Passione, LendKey Technologies, Inc. is headquartered in New York, US. The company specializes in providing financial solutions for education-related debts and home improvements. The latest funding round occurred on November 26, 2019, when the company raised USD 4.15 mn. LendKey has completed 7 deals to date.LendKey specializes in providing financial solutions centered around student loans, student loan refinancing, and home improvement loans. Their core product offerings include private student loans, refinancing options for both federal and private student loans, and home improvement financing. These services cater to a diverse clientele, primarily targeting students and graduates seeking to manage or alleviate their education-related debt, as well as homeowners looking to finance renovations or improvements. LendKey’s products are designed to facilitate financial flexibility and empower users to achieve their personal and professional goals. The company serves customers across various geographical markets, including the United States, where it has established a notable presence through its digital lending platform.LendKey generates revenue through its lending operations which encompass transactions directly with consumers seeking loans and refinancing solutions. The company’s financial structure involves interest income from loans issued to borrowers. LendKey’s business model includes direct-to-consumer interactions, offering competitive interest rates and customized loan terms to attract and retain clients. Additionally, partnerships with educational institutions and other organizations help broaden their reach in the market. The firm capitalizes on its core products, such as private student loans and home improvement loans, to drive revenue growth through both loan origination and interest payments over the life of the loans.LendKey Technologies, Inc. is focusing on launching new products related to student loans and home improvement loans, aiming to enhance customer engagement and expand their market share. The company is also exploring opportunities to penetrate new geographic regions in the US to increase its customer base further. The recent funding of USD 4.15 mn will support these initiatives, allowing LendKey to strengthen its operational capabilities and accelerate product development efforts.

## Funding rounds

- Series C, Jul 20, 2017, $8M — Draper Fisher Jurvetson, North Atlantic Capital, Updata Partners, Gotham Ventures, TTV Capital
- Series B, Jul 24, 2013, $11M — Draper Fisher Jurvetson, Updata Partners, Gotham Ventures, TTV Capital
- Series A, Jan 22, 2010, $6.4M — Draper Fisher Jurvetson, Brazos Private Equity Partners, Gotham Ventures, Zelkova Ventures

## Investors

- Draper Fisher Jurvetson (https://capitalatlas.ai/funds/draper-fisher-jurvetson) — Series A, Series B, Series C
- Brazos Private Equity Partners (https://capitalatlas.ai/funds/brazos-private-equity-partners) — Series A
- Gotham Ventures (https://capitalatlas.ai/funds/gotham-ventures) — Series A, Series B, Series C
- Zelkova Ventures (https://capitalatlas.ai/funds/zelkova-ventures) — Series A
- Updata Partners (https://capitalatlas.ai/funds/updata-partners) — Series B, Series C
- TTV Capital (https://capitalatlas.ai/funds/ttv-capital) — Series B, Series C
- North Atlantic Capital (https://capitalatlas.ai/funds/north-atlantic-capital) — Series C