LendKey Reports $2.6-billion in Loan Originations for Clients

NEW YORK--LendKey, a provider of a lending-as-a-service platform, said it has originated a total of more than $2.6 billion in loans on behalf of its financial institution partners as of the end of 2018. "Reaching the $2.6 billion milestone is a validation of LendKey's position as a trusted partner for financial institutions to expand their digital lending offerings and grow revenue and their asset portfolios," said Vince Passione, CEO and Founder of LendKey.According to the company, highlights for 2018 included record loan origination volume for LendKey's lending partners, a 26% increase in revenue, and the opening of a new state-of-the-art office in Cincinnati to support the planned expansion of new partner lenders in 2019 and beyond. LendKey also said America First Credit Union has become the newest addition to its roster of lending partners, one of 18 new lenders who started using the LendKey platform last year.  "Our partnership with LendKey is a testament to our commitment to provide our members with a seamless digital borrowing experience and the loans they need," said Rich Syme, Executive Vice President of America First Credit Union. "We value this new partnership and look forward to expanding our portfolio with a recognized industry leader in digital lending solutions."

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