LoanStar Technologies
Latest round
- Series A
Last raised
- Jan 2024
Total raised
- $13M
Investors
- 3
About LoanStar Technologies
LoanStar Technologies LLC, based in the US, provides an innovative embedded lending platform that empowers credit unions and banks to create tailored lending solutions for various retail opportunities, focusing on underserved communities and small businesses. Founded in 2015 and headquartered in Swarthmore, US, LoanStar Technologies LLC specializes in embedded lending solutions. In January 2024, LoanStar Technologies, Inc. Andrew Turner serves as the CEO. LoanStar Technologies specializes in providing a comprehensive embedded lending platform known as MerchantLinQ. This platform enables credit unions and banks to implement customizable lending programs that cater to a wide array of retail opportunities, allowing them to define lending parameters such as size, sector, and risk. The company focuses on serving the needs of credit unions and banks, particularly those committed to supporting underserved communities and small businesses.LoanStar Technologies generates revenue primarily through partnerships with financial institutions that utilize its MerchantLinQ platform for embedded lending solutions. The company structures its transactions as B2B partnerships, where credit unions and banks pay for the services rendered by LoanStar in exchange for access to their technology and expertise in delivering high-quality lending experiences. As part of this arrangement, participating institutions can implement tailored lending programs that align with their business goals and customer needs.2 bn, which underscores the platform's significant traction in the market. The company is also targeting expansion into new geographic regions, with plans to enter several underserved markets across the United States by the end of 2024. These strategic initiatives are designed to strengthen LoanStar's market presence and increase the adoption of its embedded lending solutions.
Who invested in LoanStar Technologies
3 investors across 1 round
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Funding rounds
Series A
Jan 22, 2024
Amount
$13M
Investors
Questions about LoanStar Technologies
Who invested in LoanStar Technologies?
LoanStar Technologies has 3 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has LoanStar Technologies raised?
LoanStar Technologies has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did LoanStar Technologies last raise money?
LoanStar Technologies's most recent round on record is a Series A, in Jan 2024.
What does LoanStar Technologies do?
LoanStar Technologies LLC, based in the US, provides an innovative embedded lending platform that empowers credit unions and banks to create tailored lending solutions for various retail opportunities, focusing on underserved communities and small businesses.
Where is LoanStar Technologies headquartered?
LoanStar Technologies is headquartered in Swarthmore, US.
Which VCs invest in companies like LoanStar Technologies?
Among active investors with capital left to deploy, Radical Ventures, Ribbit Capital, TrueBridge Capital Partners and Tribe Capital back financial services companies at LoanStar Technologies's stage. Their profiles are linked below.
VCs backing financial services startups at Series A
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