LoanWell

LoanWell

Friends and Family Lending Platform. Learn more

Launch date
Employees
Market cap
-
Enterprise valuation
AUD19—28m (Dealroom.co estimates Dec 2021.)
Durham North Carolina (HQ)
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DateInvestorsAmountRound
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$50.0k

Grant
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Seed

$75.0k

Grant
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N/A

$3.0m

Seed
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N/A

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N/A

Grant
Total FundingAUD4.8m

Recent News about LoanWell

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LoanWell is a fintech company that provides an end-to-end platform designed to streamline the lending process for financial institutions. The platform offers a comprehensive suite of tools for intake, origination, underwriting, closing, servicing, and reporting, all within a single, customizable system. LoanWell's platform is highly flexible, allowing lenders to brand and tailor the system to meet their specific needs, similar to how websites can be customized on platforms like Squarespace.

The primary clients of LoanWell are lenders, including banks, credit unions, and other financial institutions that require a robust and adaptable solution for managing their loan origination and servicing processes. The company operates in the financial technology (fintech) market, focusing on improving efficiency and reducing the complexity of lending operations.

LoanWell's business model is based on a software-as-a-service (SaaS) approach, where clients subscribe to use the platform. Revenue is generated through subscription fees, which may vary based on the level of customization and the number of users.

The platform enhances the lending process by providing secure document storage, customizable loan applications, and tools like monthly payment calculators and savings calculators. It also supports custom workflow and task management, enabling lenders to digitize their loan origination processes and efficiently manage team tasks. Additionally, LoanWell facilitates easy underwriting by allowing lenders to import and analyze data using their own Excel models.

Keywords: fintech, lending platform, loan origination, underwriting, servicing, customizable workflows, SaaS, secure document storage, financial institutions, efficiency.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.