SaaS startups have become the darling of Venture Capital investors, especially in the Lending industry. Over the past decade, software has proverbially “eaten the world” and SaaS companies have scaled to become unicorn corporations in staggering amounts of time.
In this article, we are examining 3 VC funded SaaS startups in the Lending industry.
A loan management system for BHPH dealers is called Carpay. They are able to better manage their portfolio since it gives their customers a variety of payment alternatives, automates all reminders to their customers, and provides the dealers with a set of tools to keep their loans operating. The business was established in 2016 and has its corporate office in Venice, California.
Jenfi is an alternative revenue-based finance firm for Southeast Asian entrepreneurs and enterprises that are digital natives, founded by Jeffrey Liu and Justin Louie. The asset class, known as "Growth Funding as a Service" (GCaaS), provides non-dilutive capital up to US$500,000 so that companies may scale through marketing, inventory, and growth initiatives. A company's creditworthiness and efficiency with expansion expenditures may both be assessed using Jenfi's own risk assessment engine. According to the evaluation, Jenfi offers firms a more adaptable and non-dilutive funding solution. Over 100 companies have received funding from Jenfi to date, including B2B and SaaS companies including Homebase, Pay With Split, and Tier One Entertainment. By July 2022, Jenfi plans to invest US$15 million in non-dilutive capital. Before founding Jenfi, Jeffrey and Justin founded and successfully sold the fitness subscription business GuavaPass. You may learn more at www.jenfi.com.
The loan and deposit services are powered by Mambu, a supplier of banking software as a service. The firm offers services to build, implement, maintain, and expand the banking and lending portfolios of financial institutions of all sizes. More than eight million end users are served by its approximately 7,000 loan and deposit products. More than three million active accounts, from fintech to conventional banks, are present in more than 46 countries.