Press Release

LendAPI Platform New Pricing Announcement

LendAPI Platform New Pricing Announcement

Nov 3, 2024

LendAPI is proud to announce new platform pricing, better aligned with our customers' needs. We’ve restructured our pricing tiers, renaming them from Silver, Gold, and Platinum to Launch, Core, and Scale.

Launch

We’ve adjusted our Launch plan pricing from $1,999 to $3,999 (annualized monthly rate), while increasing the applicant limit from 1,000 to 3,000. This change effectively lowers the per-application cost from $2 to $1.30, a 36% decrease, providing better value for our clients.

Additionally, we’ve removed administrative login limits to support our clients’ goals. Many clients need simultaneous access for banking partners, auditors, and internal staff, making a per-seat model restrictive. By removing this constraint, we ensure our clients can operate seamlessly.

The Launch plan includes access to all of LendAPI’s core “launch-your-self” features, enabling clients to launch any product independently, without engineering support.

Core

Our new Core plan replaces the previous Gold pricing. The price has increased from $3,999 to $5,999 (annualized monthly rate), but we’ve doubled the application capacity from 3,000 to 6,000 per month. This adjustment reduces the effective per-application cost from $1.30 to $1, a 33% decrease, better aligning with client usage.

LendAPI Core users continue to have full access to our API, webhook endpoints, and can create custom variables and models. Like the Launch plan, Core offers unlimited logins, allowing teams to work without limitations on the number of users.

Scale

The Scale plan, previously known as Platinum, has evolved to support even greater flexibility. Scale clients can create unlimited tenant access, allowing brokers, branches, and affiliates to login and submit applications as needed.

We’ve also introduced advanced tools, including Backtesting, A/B Testing, and Shadow Testing, to help banks and lenders optimize and validate their strategies. The Scale plan now includes unlimited logins for brokers and affiliates, empowering clients to scale without restrictions.

The new Scale plan pricing has increased from $5,999 to $8,999 (annualized monthly rate), representing a 50% increase, reflecting the enhanced features and capabilities.

Custom

For clients processing 5+ million transactions per month, we offer custom solutions tailored to your unique needs. Please contact us to discuss custom pricing and how our platform can best support your goals.

About LendAPI

LendAPI is the only digital onboarding platform for banks with a suite of Product Studio, Rules Studio, Pricing Engine, Integration Marketplace and Variable Library all working in concert on one platform. Follow us on Linkedin, X, YouTube and our “LendAPI Platform Demo Video!