
Zikher
Digital Lending Software Platform.
Date | Investors | Amount | Round |
---|---|---|---|
investor investor | €0.0 | round | |
$260k | Seed | ||
Total Funding | 000k |
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Zikher Inc., which rebranded to LendTech in June 2018, operates a digital lending platform targeting the financial services industry. Founded in 2015 and headquartered in San Francisco with offices in Austin, Texas, the company provides a software-as-a-service (SaaS) solution for banks, credit unions, and private lenders. The firm was founded by Amir Khan, who serves as the CEO.
The company's core offering, the LendTech platform, is a loan point-of-sale (POS) system designed to streamline and automate the entire loan origination process. It serves as a comprehensive tool for financial institutions to connect with borrowers digitally, managing everything from the initial application to the final signature. The platform is engineered to be compatible with both automated and manual loan origination systems, giving it broad applicability across different operational setups. Revenue is likely generated through a subscription-based model, typical for SaaS companies in the fintech space.
LendTech's platform supports a wide array of loan types, including mortgages, auto loans, commercial real estate, Small Business Administration (SBA) loans, and credit cards. Key features include integrated communication channels for real-time messaging, secure document handling, and e-signature capabilities to expedite the processing of loan applications. The system also provides a centralized dashboard for lenders to monitor loan origination, servicing, and repayment performance, along with analytics to turn borrower data into actionable insights. For borrowers, the platform offers a white-labeled portal, customized to the lender's brand, ensuring a seamless user experience.
Keywords: digital lending, loan origination system, point-of-sale lending, fintech, SaaS, credit unions, private lenders, loan management, financial technology, borrower management