FinovateFall 2020 / Lendsmart
Presenter Profile:
How they describe themselves: Lendsmart was developed to eliminate the stress, confusion, reduce time and provide operational cost savings to Lenders that need to provide a unique digital experience to their current and future customers.
How they describe their product/innovation: AI-driven digital lending platform coupled with a home buying marketplace. Lendsmart streamlines and optimizes customer onboarding & engagement via a centralized platform. Through a suite of APIs & AI we automate today’s manual processes and minimize risk and underwrite a borrower within 20 minutes.
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed
Contacts
Bus. Dev. & Press: Ankur Patel, CEO, ak@lendsmart.ai, 718-578-6055 & Philip Gem George, COO, gem@lendsmart.ai, 917-716-2212
Website: lendsmart.ai
LinkedIn: linkedin.com/company/lendsmartai
Twitter: @LendsmartAI
HQ: New York, NY
Founded: September 2018
Product Demoed: Lendsmart
Metrics: Total Investment: $400,000, Key Investor: ICBA, Projected 2020 Revenue: $500,000
Key Partnerships: Ellie Mae, Jack Henry, Finicity, Idology, Dun & Bradstreet, Customer Traction: 3 Lenders Signed, 3 Contracts out for signing, 6 in decision-making stage, 15 Employees
- Key Executives
Ankur Patel (CEO), Philip Gem George (COO), Kishore Neelamegam (CTO)
Key Stats
- Key Investors
ICBA
- Key Customers
Bank Of Charlestown, Business Capital Providers, Maxx Capital