3530 Technologies
Lending software custom-built for Community Bankers.
| Date | Investors | Amount | Round |
|---|---|---|---|
$30.0k | Angel | ||
| Total Funding | 000k | ||
| USD | 2021 | 2022 | 2023 |
|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 |
| % growth | - | - | 50 % |
| EBITDA | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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Based in Arlington, Texas, 3530 Technologies provides loan origination solutions for financial institutions in the United States. The company was co-founded by Adair Taulbee, who serves as the COO, and Troy Anderson, who is the CEO. Bobby Adkins is also listed as CEO of CreditCore, the company's main product.
The firm's flagship product is CreditCore®, a cloud-based lending platform designed for community banks, credit unions, and finance companies. This system enables institutions to manage a variety of loan types, including consumer, small business, and SBA loans, all within a single, integrated platform. CreditCore® aims to help financial institutions expedite the lending process, reduce associated costs, and minimize redundant data entry. A key feature is its built-in decision-engine, which allows for risk-based loan pricing, potentially enhancing bank margins. The software also has integrated compliance functionalities to help mitigate regulatory risks. The platform offers modules for consumer lending, online lending, and business lending, which can be used together or as standalone solutions.
3530 Technologies operates on a business-to-business model, generating revenue by providing its CreditCore® software to lending institutions. The company emphasizes building strong client-partner relationships and provides dedicated support and training for its users. In March 2021, 3530 Technologies partnered with NXTsoft to utilize their API connectivity, which allows CreditCore® to integrate with major core banking systems in the U.S. from providers like Fiserv, FIS, and Jack Henry. This partnership addressed integration challenges and was intended to accelerate the sales and implementation processes for new clients.
Keywords: loan origination software, lending solutions, financial technology, CreditCore, community banks, credit unions, risk management, compliance, consumer lending, small business loans, SBA loans, cloud-based software, loan pricing, decision engine, banking technology, API integration, NXTsoft partner, Adair Taulbee, Troy Anderson, Bobby Adkins