LoanPro

LoanPro Launches New Payments, Disbursement, and AI Servicing Tools

LoanPro Launches New Payments, Disbursement, and AI Servicing Tools
By Julie Muhn (@julieschicktanz) Posted on
Categories: Alumni News, Daily news, LoanPro
  • LoanPro launched three new products spanning payments, card-based loan disbursement, and AI-assisted servicing: LoanPro DirectPay, Beyond Credit, and LoanPro MCP.
  • The launches bring more of the lending lifecycle onto LoanPro’s platform, helping lenders reduce reliance on separate vendors and integrations for payments, disbursements, and servicing.
  • LoanPro MCP allows lenders to connect AI agents to servicing workflows while applying the same permissions, compliance guardrails, and audit trails used for human employees.

Lending and credit platform LoanPro revealed its three newest launches this week. The Utah-based company unveiled multiple new products covering payments, card-based loan disbursement and AI-assisted servicing.

Among today’s launches are LoanPro DirectPay, Beyond Credit, and the LoanPro MCP (Model Context Protocol). The company also announced RiskRadar delinquency prediction, ongoing compliance monitoring, LoanPro Connect, full support for secured cards, and added two new payment partners, Moov and CheckAlt.

“Lenders have asked us for years to handle more of this for them, with one contract and one team to call,” said LoanPro CEO and co-founder, Rhett Roberts. “Payment processing, real-time card disbursement and AI guardrails are now built into LoanPro’s core, and all of it is live today. A lender can now get funds to a borrower on a Friday night or have an AI agent help service an account, and all of it stays inside LoanPro.”

LoanPro is rebranding its payments suite to LoanPro Payments, which centers around LoanPro DirectPay, the company’s payment processing service that moves about $4 billion per month in loan repayments and disbursements. Because LoanPro holds the loan and processing data in-house, loan officers can view the entire lifecycle of a payment, see why a payment failed, and process a dispute all on the same platform.

Beyond Credit is a virtual Mastercard through which lenders can disburse installment loan funds that borrowers can access via Apple Pay or Google Pay wallet. Lenders have control over where funds from the fee-free card are spent, and can limit card usage by merchant name, merchant ID, location, or merchant category code.

The company’s new MCP powers its Intelligence Suite, which gives loan servicing agents a summary of health indicators, recent activity, and suggested next steps for each account. Lenders can use the MCP to connect AI agents and models of their choice to LoanPro. Each action is also recorded in the audit trail under the name of the employee using the agent, giving lenders a way to introduce agentic AI into servicing while maintaining oversight and accountability.

Taken together, LoanPro’s new product launches show a push to consolidate more of the lending lifecycle onto a single platform. Bringing payment processing, real-time loan disbursement, servicing, and AI capabilities into the same environment will help LoanPro reduce the number of vendors and integrations lenders need to manage while giving them a more complete view of the borrower and loan lifecycle.

The MCP launch adds another dimension to LoanPro’s strategy to minimize third party partners because it allows AI agents to operate within the same permissions, compliance guardrails, and audit trails already used for human employees. As lenders move from using AI to summarize information toward allowing agents to actually take actions on accounts, that governance layer could become just as important as the AI models themselves.

“You will only ever drive as fast as you trust your brakes to stop you,” said LoanPro Chief Product Officer Colin Terry. “Lenders have spent years building controls around their human agents, and the LoanPro MCP runs through those same role-based access controls and compliance guardrails. We bring the context, the action and the trust. You bring the thinking, and you have an AI strategy in a box.”

Founded in 2015, LoanPro helps banks, auto lenders, and credit providers automate workflows, process payments, underwrite applications and manage collections. The company has participated in our developers conference, FinDEVr 2021, and demoed its loan management system at FinovateSpring 2021.

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Thredd Taps LoanPro for New Credit Offering

Thredd Taps LoanPro for New Credit Offering
By Julie Muhn (@julieschicktanz) Posted on
Categories: Alumni News, Alumni profile, LoanPro

Digital payment solutions company Thredd has teamed up with lending and credit platform LoanPro this week. The UK-based company will leverage LoanPro’s credit platform to underpin its new suite of credit solutions, which will allow it to deliver full-stack embedded issuing and processing capabilities.

Thredd was founded in 2007 and offers real-time card issuing and processing capabilities to help clients personalize and differentiate their credit offerings. Integrating LoanPro’s composable credit infrastructure into its offerings will help Thredd expand further into the credit and lending space, enabling clients to launch and manage credit programs with greater flexibility and speed.

Commenting on the partnership, Thredd CEO Jim McCarthy emphasized the growing importance of credit-led innovation in embedded finance. “Credit-based value propositions drive not only more opportunities for both B2B and B2C verticals, but also generate more revenue for issuers, fintechs, and enterprises,” said McCarthy. “LoanPro’s platform solves much of the inherent complexity in providing truly differentiated credit, allowing us to offer our clients the tools to build sticky, profitable credit products, while maintaining compliance and operational efficiency.”

Founded in 2016, LoanPro has helped 600+ lenders launch 2,000 unique credit programs, upgrading their borrower, agent, and back-office operations. The Utah-based company’s composable architecture, built on a modern lending core, allows lenders to enhance their origination, servicing, payments, and collections operations.

LoanPro Co-Founder and CEO Rhett Roberts said that the partnership combines the strengths of both companies to accelerate how credit products are designed and deployed. “There is a massive opportunity to launch credit products in the U.S. and globally in a way that truly meets consumers and businesses where they are,” Roberts said. “The future of finance is personalized. Thredd brings together the entire ecosystem needed to launch revolving credit products, and with LoanPro’s modern, composable platform, clients can personalize and differentiate their offerings at scale in a way that drives share of wallet. We’re proud to support Thredd’s vision for global credit innovation.”

The partnership highlights how embedded finance providers are converging around full-stack, credit-enabled platforms. As banks, non-banks, and fintechs continue to embed lending and credit capabilities into their platforms, partnerships like this one blur the lines between payment processing, issuing, and credit management. Teaming up with LoanPro will place Thredd at the intersection of modern card issuing and next-generation credit infrastructure.

LoanPro has participated in our developers conference, FinDEVr 2021, and demoed its loan management system at FinovateSpring 2021.

Photo by Monstera Production

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LoanPro Teams Up with NovoPayment to Boost Credit Access in Latin America

LoanPro Teams Up with NovoPayment to Boost Credit Access in Latin America
By David Penn Posted on
Categories: Alumni News, LoanPro
  • LoanPro and NovoPayment have teamed up to help expand access to credit for consumers in Latin America.
  • The partnership integrates LoanPro’s credit ledger and origination, servicing, and collections technology with NovoPayment’s API-based issuing processing.
  • Utah-based LoanPro made its Finovate debut at FinovateSpring in 2021.

Modern credit platform LoanPro and financial infrastructure provider NovoPayment have announced a partnership to help boost access to credit in Latin America. The two companies will give financial institutions and fintechs throughout the region an integrated, end-to-end infrastructure that can support credit and lending products of virtually any class.

The integration will give FIs and fintechs access to a suite of solutions to boost their own credit offerings. These solutions include LoanPro’s Transaction Level Credit product, which facilitates the assignment of unique repayment terms, fee structures, and interest rates to individual transactions. This helps institutions offer customers personalized credit solutions, and enables different categories of transactions to feature different interest rates and financial terms.

FIs and fintechs will also benefit from NovoPayment’s cloud-native platform that puts real-time processing, robust security, event-driven architecture, and an API-first approach to work to deliver low-latency transactions and automated failover. This further supports the ability of companies to offer customized credit solutions.

“Access to credit is a cornerstone of true financial inclusion,” NovoPayment CEO Rodrigo Rodas said. “NovoPayment’s trajectory has been defined by our commitment to bridging financial gaps through innovative infrastructure solutions. Partnering with LoanPro enables us to empower financial institutions and fintechs across Latin America, providing them with the tools to offer diverse credit products and foster economic growth in the region.”

The partnership between LoanPro and NovoPayment comes at a time when modernization in banking and financial services infrastructure in Latin America is increasingly lagging behind the expansion of the financial services market as a whole. In a statement, the companies noted that while financial inclusion in Latin America has made significant gains from 2021 to 2024, with 28% of adults reaching an “advanced level of financial inclusion,” millions still lack access to modern credit and lending solutions. This issue is all the more acute due to the inability to scale those products financial institutions do offer. The integration of NovoPayment’s issuing processing with LoanPro’s credit ledger and origination, servicing, and collections solutions directly addresses these challenges.

“NovoPayment has been at the forefront of enabling financial innovation across Latin America, and their work aligns perfectly with LoanPro’s mission to modernize credit,” LoanPro CEO and Co-Founder Rhett Roberts said. “By bringing LoanPro’s lending technology into NovoPayment’s ecosystem in Latin America, we’re giving financial institutions and fintechs the tools they need to offer credit with confidence and compliance at the core.”

A leading payment processor for markets throughout Latin America, NovoPayment enables businesses and financial institutions to launch and scale their digital banking and payment offerings. The company processed more than 310 million transactions in 2024 and operates in 15 markets. Founded in 2007, NovoPayment is headquartered in Miami, Florida, and has offices in Mexico, Colombia, Peru, and Ecuador.

LoanPro made its Finovate debut as part of our all-digital FinovateSpring conference in 2021. That same year, the company also participated in our developers conference, FinDEVr 2021. Headquartered in Farmington, Utah, and founded in 2016, LoanPro serves more than 600 financial organizations, providing them with a modern credit platform that gives financial institutions and fintechs the infrastructure to manage lending and credit programs at scale, including loan origination, servicing, and collections.

FinovateSpring 2025 comes to sunny San Diego, May 7 through 9 at the Sheraton San Diego Hotel and Marina. Pick up your ticket today and take advantage of early-bird savings!

Photo by Enrique from Pexels

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LoanPro Scores $100 Million in Series A Funding

LoanPro Scores $100 Million in Series A Funding
By David Penn Posted on
Categories: Alumni News, Daily news, Funding, LoanPro

The tech-first alums of our FinDEVr developers conferences are often as savvy fundraisers as they are sharp technologists. This week in our Q2 Alum Funding Report, we noted that two of the quarter’s biggest fundraisings were from companies that made their Finovate debuts at FinDEVr events: Brazilian neobank NuBank, which secured $750 million in funding in June, and financial data network Plaid, which raised $425 million in funding in April.

This week, we add another FinDEVr alum to this list. LoanPro, a Farmington, Utah-based fintech that made its FinDEVr debut earlier this year, has raised $100 million in Series A funding. The growth equity investment comes courtesy of FTV Capital, and will help LoanPro add to its SaaS-based loan management, servicing, and collections platform, as well as enter new lending verticals and make investments in other “client-centric growth initiatives.”

“As founders who started out as lenders, we understand the pain points that lenders experience,” LoanPro co-founder and CEO Rhett Roberts explained. “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.”

With more than $15 billion of loans under management and 600+ clients in the U.S. and Canada, LoanPro offers a diverse range of loans types and lending programs. The company’s product suite include prime, sub-prime, and personal loan products, as well as consumer, auto, and business financing solutions. LoanPro also offers point-of-sale financing and the retail financing rage of the day – buy now pay later payment options – as well. LoanPro’s platform gives lenders an automated, configurable workflow, real-time access to data and insights, frictionless payment collections, and a flexible lending program.

In addition to the financial support, FTV Capital will use its market knowledge and strategic network to help grow LoanPro’s platform. The firm’s Robert Anderson, who led the investment, will join LoanPro’s board of directors.

“FTV Capital is excited to partner with LoanPro’s strong, passionate leadership team who have built an industry leading SaaS platform based on a deep understanding of their market and the needs of their customers,” Anderson said.

Photo by Siritas Keawnet from Pexels

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FinDEVr Shines a Light on Fintech’s Developers at FinovateSpring

FinDEVr Shines a Light on Fintech’s Developers at FinovateSpring
By David Penn Posted on
Categories: ecolytiq, FinDEVr, Finicity, Instnt, LoanPro, Nubank, Plaid, Praxent, VISA

With apologies to LL Cool J, feel free to call it a comeback.

FinDEVr, our conference series dedicated to developers in fintech and financial services, is back. We’re saving the final day of FinovateSpring this year to shine a light on the role that developers continue to play in building and applying the technologies that keep fintech at the cutting edge.

Some of Finovate’s most illustrious alums have, in fact, been alums of FinDEVr. Among those at the top of the list are innovators like Plaid. The company, nearly acquired by Visa for more than $5 billion last year, was a big part of one of our earliest FinDEVr events in 2014 where it introduced its “API for Financial Infrastructure” to fintech audiences.

FinDEVr has also served as a platform for innovative fintechs not just from outside of Silicon Valley, but from outside the U.S., as well. An excellent example of this kind of FinDEVr alum is Nubank. Making its FinDEVr debut at our first developers conference on the east coast, FinDEVr New York, in 2016, the Brazilian financial services startup has grown into a major regional neobank and the biggest fintech in Latin America with more than 34 million customers.

For this year’s return, FinDEVr will feature a quintet (or more!) of innovative companies that are busying building tomorrow’s fintech today. Each company will provide both a TECHTalk and an informative workshop to dive deeper into the enabling technologies being discussed. Take a look at our current line-up below, as well as the topics we’ll be talking about.

Connecting Siloed Financial Data: Open Banking’s Impact on the Financial Experience

Join Finicity as they explore the implications of an open financial ecosystem, shifting control to consumers, what the impact is for technologists and developers, and how open banking is being leveraged to improve financial literacy and inclusion. Finicity will follow this with a workshop on how to leverage the power of open banking with a hands-on introduction to their platform. Learn more.

The Tango: Operationalizing Predictive Models, an Engineering and Data Science Collaboration

Instnt will examine the different workflows followed by data science and engineering and discuss why they must come together in the deployment and maintenance of application models. The conversation will be followed by a workshop on rapid feature development and analysis in the identity verification space. Learn more.

Simplifying the complex with an innovative tech stack

LoanPro’s TECHTalk will discuss the importance of a modern and secure technology stack that is cloud-based, uses a configuration first approach, and maintains security throughout the process. LoanPro will follow up with a workshop on how to connect with and build loans via LoanPro’s API in less than 90 minutes. Learn more.

Data for sustainability

What is the relationship between data, sustainability, and financial services? In their TECHTalk Ecolytiq will discuss how their Sustainability-as-a-Service model helps ensure that financial institutions have access to relevant, contextual information at the right time. After the presentation, Ecolytiq will lead a conversation on how to ethically manage different data assets, and how to integrate them into the decision-making process. Learn more.

Scalable fintech product development

How can product development teams keep up with the rapid pace of fintech product adoption while remaining efficient and keeping costs down? Praxent’s TECHTalk will examine this challenge in greater detail and highlight ways to resolve productivity challenges. The workshop afterward will feature best practices for identifying bottlenecks in the development process and how to accurately benchmark your team’s progress. Learn more.

To find out more about the return of FinDEVr, visit the FinDEVr section of our FinovateSpring hub for more information.

Photo by Startup Stock Photos from Pexels

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FinovateSpring Digital 2021 Sneak Peek: LoanPro

FinovateSpring Digital 2021 Sneak Peek: LoanPro
By oliver Posted on
Categories: Finovate, FinovateSpring 2021, FinovateSpring 2021 Sneak Peek, LoanPro

A look at the companies demoing at FinovateSpring Digital on May 10 through 13, 2021. Register today and save your spot.

LoanPro is a SaaS based loan servicing software which empowers tech-forward lenders through automation and data visibility.

Features

  • Fully built on our own full-featured API
  • Configurable process wizards
  • Ability to create multiple user accounts with customizable restrictions

Why it’s great
LoanPro is the pioneer software on the market giving customers direct database access. LoanPro is also uniquely built on its own modern REST API.

Presenters

Lloyd Roberts, CRO
Roberts is LoanPro’s CRO & Co-Founder and has extensive experience with enterprise lending software and sales. Lloyd has a passion for family, self-improvement, and Hawaii.
LinkedIn

Mason Gerrard, Sales Manager
Gerrard has 6+ years of experience in lending software and is currently LoanPro’s Sales Manager. If he’s not at work, you can find him outdoors!
LinkedIn

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