LendAPI’s platform is designed to empower fintechs, banks, and financial institutions to launch products in hours, utilizing modular building blocks that accelerate speed to market. Since its launch in March 2024, LendAPI gained an impressive client base, spanning publicly traded neobanks, regional banks, point-of-sale financing firms, and retailers looking to introduce private-label BNPL checkout options. To date, the company has processed over six million applications and introduced several advanced features, including AI-driven automation tailored to mortgage and real estate finance.

Kate Johnson, lead investor from Cohen Circle, expressed her enthusiasm for LendAPI’s mission: “LendAPI's platform unlocks unprecedented speed, flexibility, and scalability within the fintech payments sector via a world class team with an impressive tenure in the space. We are excited to support LendAPI’s vision and believe their team has the expertise and drive to redefine the financial technology landscape.”

The new funding will enable LendAPI to deepen its feature set and broaden its reach across multiple financial verticals. Future plans include expanding its AI capabilities and launching new integrations to further simplify the deployment process for financial products. Additionally, LendAPI aims to enter emerging markets in financial services, such as insurance and embedded finance, providing seamless onboarding, compliance, and transaction capabilities tailored for these sectors.

Timothy Li, Co-Founder and CEO of LendAPI, highlighted the team’s drive and the support of experienced investors: “I am pleased to join forces with Cohen Circle, Great North Ventures, AlleyCorp, and am deeply grateful for the undying commitment from Techstars, Plug and Play, and Interlock Capital to our vision. We are here to build a better future where deploying financial products and services can happen with a single click. Seeing our team work tirelessly towards this goal is what made this investment round so special.”

With backing from seasoned investors in financial services and enterprise software, LendAPI is poised to become a cornerstone in financial technology infrastructure. The company plans to channel its resources into R&D, grow its engineering and customer success teams, and expand partnerships that enhance its platform's value. By bringing innovation and efficiency to financial service providers, LendAPI is well-positioned to capitalize on the booming demand for faster, more accessible financial solutions.

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!”