LoanPro provides cloud-based, API-first loan servicing software that offers automated and configurable workflows, real-time data insights, frictionless payment collections, and integration of new products. The product was originally developed by founders Rhett, Ben, and Lloyd Roberts for their own lending business and the company emphasizes being built by lenders for lenders. LoanPro manages more than $15 billion of loans and serves over 600 clients across the United States and Canada. The company targets fintechs and other lenders that want to add lending services without deploying cumbersome legacy technologies. Management says it will use new capital to improve the platform and expand the business. FTV Capital’s involvement is expected to bring market knowledge and a strategic network to accelerate growth.

Total raised

$100M

Funding rounds

1

Latest round

Series A

Latest activity

Aug 2021