Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Products
LendKey Adds $12.5M In Funding For Growth
NEW YORK (8/8/13)--LendKey, the cloud-based lending technology company, Wednesday announced the closing of an additional $12.5 million in Series B venture funding.
 
The funding was by new investors Updata Partners and TTV Capital, and existing investors Draper Fisher Jurvetson and Gotham Ventures. 
 
LendKey, formerly Fynanz, is a CUNA Strategic Services provider
 
LendKey, which was founded in 2008 as a private student lending platform for financial institutions, will use the funds to expand its lending platform into new asset classes and accelerate the growth of its lending clients.
 
"LendKey has grown to 250 lending partners and $400 million in private student loan and private student loan consolidation originations in the past three years," said Vince Passione, LendKey CEO.  He noted LendKey is scaling its additional asset classes "with the support of Updata Partners and TTV Capital, as well as the continued confidence from our existing investors at Draper Fisher Jurvetson and Gotham Ventures."
 
The new funding is in addition to the $9.5 million in venture funding received by LendKey during its Series A round of financing, bringing the total capital raised by the company to $22 million.
RSS print
News Now LiveWire
HFSC Chairman @RepHensarling announces subcommittee chairs for #114th Congress: http://t.co/FGnvnogI7n
57 minutes ago
Don't Mullet Over: Check out @ECCU1's meme-rable campaign that brought in $8M in loans #NewsNow http://t.co/vNh2q01gcg
3 hours ago
#FOMC minutes show committee members debated erasing 'considerable time' from forward guidance #NewsNow #Market http://t.co/Gw0bEIFCe2
5 hours ago
NCUA votes 2 to 1 to approve 2015 budget: McWatters is dissenting vote.
6 hours ago
.@TheNCUA bd mmber McWatters at #NCUAbdmeeting invited specific, detailed comments on budget/budgetary process to be sent directly to him.
6 hours ago