LoanPro, a SaaS-based loan management and servicing company, has secured a $100m growth equity investment from FTV Capital.
As agreed, FTV Capital’s Robert Anderson will join LoanPro’s board of directors.
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About LoanPro:
Founded in 2014, LoanPro offers API-based, mid-market and enterprise loan management software in the US/Canadian marketplace. The platform is hosted on Amazon Web Services (AWS).
Currently, it has more than $15bn of loans under management and more than 600 customers in the US and Canada.
LoanPro software enables an automated and highly configurable workflow and provides real-time access to data and insights. The solution’s core API architecture also allows payment collections and offer flexibility to lending programmes.
Future Plans:
The company will utilise the new proceeds to enhance its platform and expand its business to foray into new verticals. LoanPro also announced plans to pursue client-centric growth initiatives.
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By GlobalDataLoanPro co-founder and CEO Rhett Roberts said: “As founders who started out as lenders, we understand the pain points that lenders experience.
“LoanPro was built by lenders for lenders—we use a modern tech stack to simplify the user experience of managing loans—we do the hard work on the back end to make the front end clean and simple to use.
“FTV Capital’s investment, in addition to their extensive market knowledge and vast strategic network, will help us grow our platform and accelerate our ability to reach and successfully serve even more lenders.”
