LendingFront provides a white-label software platform that enables banks and financial institutions to originate, underwrite and service small-business credit. The platform includes integrated or standalone modules for application intake and workflow, underwriting, decisioning, offer presentation, monitoring and servicing. Clients can automate parts or all of the lending process while retaining manual oversight where desired. Current clients range from fast-growing online-only credit providers to financial institutions with more than $10bn in assets. The company plans to use recent funding to expand its team, hiring across sales, marketing and engineering. LendingFront is led by CEO Jorge Sun and CTO Dario Vergara and targets a $600b+ small-business credit market, per the U.S. SBA. LendingFront is a NYC-based small-business lending management platform that provides a lending automation solution for banks. Its product automates and speeds the decision process for making small-business loans. Features include simplifying processing, pricing, loan management and credit monitoring of cash-flow loans. These capabilities aim to enable lenders to offer short-term capital more profitably and efficiently. The company received its first institutional investment from Las Olas Venture Capital; the amount was not disclosed. LendingFront says it will use the funds to continue developing the platform and to expand operations. The company is led by Jorge Sun and Dario Vergara.

Total raised

$4M

Funding rounds

2

Latest round

Series A

Latest activity

Jan 2019