LendAPI Company Update - July 6th 2025
Client On-sites, Company Off-sites and v2.9.6
Wins:
We had two clients visiting us in the office this past week. One of our biggest bank partners w/ 400 branches concluded a two day visit at our office. It was fun filled mixed in with work. The bank wanted to see us implementing their pricing algorithm but we ended up launch their entire LOS process in just a few hours. Thanks to Brian from Equifax tagging along and worked with us in real time to get this show on the road. We are replacing one of the biggest LOS systems in the market.
We also had one of our largest real estate financing company visiting us as well. Our head of product Kay walked them through all of the changes and features in our Real Estate Financing Platform. This client is already live and we’ve automated their entire onboarding and deal sizing process.
We had our fist official offsite with everyone in the US flying into our Southern California HQ for an one day get together, team building and dinner. We also invited all of our Southern California Intern from UC Berkeley, CSU Fullerton and UCI. Photos below.
I came to San Francisco to work with our Series A VC on our next equity round. We spend over an hour talking about why LendAPI is an unique combination of software and talent situated in an unprecedented time where banks and fintechs demand automation and speed-to-market. These conversations give me a time for reflection on why I built LendAPI. when asked about “Why now, why LendAPI and why me?”, I promptly answered “It’s personal.”:
I’ve spent all of my career in Financial Services industry building critical infrastructures for JPMorgan Chase and at least a dozen high flying fintechs in the past two decades.
I’ve assembled a team of fintech experts in technology, compliance and risk to provide enterprise grade software to everyone from furniture store owners that wants to build their own BNPL experience to seasoned Neo Banks that simply want to stay competitive speed an accuracy.
My entire personal and professional network is derived from this industry. My teammates, clients and many of our friends in the industry need LendAPI to leave a real and permanent change in how fintech products are launched hence forward.
Lastly, I’ve said this before I am still saying this often, “what was broken 10 years ago is even more broken now.”. There are 10 Plaids, 10 Identity Verifications firms, 10 cashflow analytics companies and 10 credit bureau aggregators, people are confused and we need LendAPI to make it make sense. Providing transparency and flexibility to your own product and underwriting is what we are about.
And of course we have v2.9.6. This is our first release during our CustomerCare Month. And the release notes can be found, here. We released features, patches and fixes all in the name of quality and stability. We also have new partnership podcast episodes and we’ve renewed our contract with our podcast host Rutger van Faassen for another season!
I met with one of our prospects in Emeryville for lunch yesterday where we talked about their launch plan and the history of their company. Thanks for spending your valuable Saturday to meet with me and talk shop. I wish you guys the very best and we hope to work together in the near future. And best of all Oakland Roots SC won their game against the visiting Detroit City FC, 2 to 0! Congratulations.
Losses:
It’s a short week but we managed to pack as much as we could with our hiring, platform enhancements and client meetings. We could have done more in the sales front. We have three more sales managers coming to LendAPI next months and have a lot to do to grow to our new $5M ARR goal by the end of 2025.
Next week is packed with meetings, demos, content and feature releases, I can’t wait to get back in the saddle and growing again company again into the 2nd half of 2025. We have all the momentum behind us and I can’t wait to lead our team to meet our goals.
Pics and Vids:
Until next week!
Tim
Always looking forward to your update. Thanks for always pouring out your heart always. Well-done