Sep 13, 2024
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It’s been a beautiful week in New York City and the reason why Sam and I are here these two weeks is that LendAPI has been accepted into Techstars Accelerator New York City.
We met some amazing founders in our 11 company cohort and these relationships will last a lifetime. We appreciate everyone being super patient with us as our calendars are extremely packed to go through various courses and content at Techstars.
We are also making great strides with our seed round investment. This is also a very time consuming task and one that we don’t take lightly. We talked to some of the biggest fintech VCs around the world and have received amazing feedback. And the reason why we are raising a seed round is to provide more support to our existing clients and accelerate onboarding of our new clients.
We will be hiring inside sales, executive sales, implementation managers as well as expanding our development team around the world. We will become the dominant player in this vertical and banks, fintechs will never launch their products the same way again. One click to launch is our vision and join us at www.lendapi.com and click on Sign Up to get your own account.
We want to express our gratitude to our team, Sam and I can not do this with all of you and let’s have some fun. Speaking of team, we made an amazing new UI/UX Front End developer and he’s already adding a ton of value and implementing our biggest UI and UX overhaul to date. We think you will like it.
Beyond all the fanfare, our focus is still you, and therefore we have released two new releases to make LendAPI better.
Overall Platform Updates
We are displaying an ID number in the Application Dashboard's document section whenever new documents are uploaded for better tracking. This is in v2.4.6
We optimized PDF generation and reduced it by half. This is now available in v2.4.7
Product Studio
We resolved small issues with the Secure Card product process. This is resolved in v2.4.6
We resolved an annual income and monthly income display issue. This is resolved in v2.4.6
We resolved a minor issue that causes the product builder to crash while in edit mode. This is resolved in v2.4.6
We introduced a new application flow for a specific state in which the spouse of the applicant needs to be notified of a new financing obligation entered by the other spouse. This is implemented in v2.4.6
We are now displaying tabs based on the availability of information dynamically. This is now available in v2.4.6
You can now insert text above and below the Mobile OTP widget in the product builder to give more information and instructions to the applicant. This is now available in v2.4.6
The text around the checkbox at the bottom of the Contract/Promissory note signing can be modified. This is available in v2.4.7
Rules Studio
We resolved a connectivity issue with PSCU’s card servicing system. This is resolved in v2.4.6
We organized all the features in the Rules Studio editor panel and created a three vertical dot menu to make everything tidier. This is released in v2.4.7
Pricing Engine
No changes
Reports Studio
No changes
Sub-Tenant Admin Features
No changes
Integration Partners
Our LeadBuy API is now chained to multiple knockout rules whenever a new lead is being sent through lead generators. This is now available in v2.4.6
We enhanced our Application Create API to include dynamic fields on the return call. This is now available in v2.4.6
Resolved a rare crash event when we called TransUnion. This is resolved in v2.4.6
We’ve completed our integration with CRS Experian. This is resolved in v2.4.6
We’ve added more variables from Experian’s Clarity Services subprime bureau. This is resolved in v2.4.6
We have completed our integration with VehicleDatabase.com, where you can send or lookup by VIN number and retrieve vehicle information. This is now completed in v2.4.6
We resolved an issue with CRS Experian that caused an issue when this third party integration partner was being called on the very first page of the customer journey. This is now available in 2.4.7.
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 “Two Minute Demo Video!”