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BUSINESS PRODUCTS & SERVICES | Consulting & Outsourcing / Accounting & Finance Services
linearassetmanagement.com.au

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Stage

Merger | Merged

About Linear

Linear is a provider of platform and administration solutions to the financial services industry.

Linear Headquarter Location

Level 9, 525 Flinders Street

Melbourne, Victoria, 3000,

Australia

1300-669-891

Latest Linear News

ODX And Fundation To Combine And Form Linear Financial Technologies, The Leading Digital Account Origination Platform

Feb 26, 2021

Leading Fintech Firms Join Forces to Better Support Financial Institutions, B2B Vendors and SMB Service Providers ODX, LLC and Fundation Group LLC today announced their businesses will combine to become Linear Financial Technologies (“Linear”), the market leader in digital account origination technology and insights for financial institutions , B2B vendors and SMB service providers. The company provides loan origination, account opening and AI-based analytics solutions to financial institutions and is expanding its SaaS solutions to international clients and clients outside of banking. “Over the years, our combined platforms have served hundreds of thousands of business customers through many of the leading business banking providers in the market, deploying modern banking experiences that their customers and front-line colleagues expect in the digital era,” said Sam Graziano, former CEO of Fundation, and now CEO of Linear. “Together as Linear, we’ll have the resources to more rapidly expand the breadth of our solutions to bring more value to our clients.” Linear simplifies the borrowing and account opening experience for customers and streamlines loan and deposit origination workflows for clients. It launches with an expansive and diverse set of clients, ranging from top U.S. banks such as Citizens Bank, PNC Bank, Fifth Third Bank and Bank of the West, to non-bank lenders and SMB service providers. Linear also recently expanded into the Canadian and Australian markets with American Express. To date, clients have provided over $13B in capital to businesses through the Linear platform, and Linear will continue to help its clients serve business customers at a time when they need it most. “ODX and Fundation joining forces allows us to turbocharge our technology roadmap and deliver an expanded set of capabilities to our clients,” said ODX President Brian Geary, who today becomes President of Linear. “Linear will equip our clients with flexible technology that is uniquely aided by insights grounded in decades of combined financial services and lending experience.” The company’s SaaS platform offers a comprehensive suite of solutions, including: Linear Platform Solutions: The leading digital originations and servicing platform for credit cards, loans and deposit accounts – delivering an omni-channel, frictionless customer experience while reducing costs for lending and depository institutions. Linear AI Solutions:  Harnesses the power of AI/ML technologies to make intelligent business decisions and drive profitable business outcomes through use cases such as fraud detection,  credit risk scoring and account monitoring. Linear Integrated Credit Solutions: Facilitates the origination of credit products to support ‘second look’ programs for customers of our clients through Fundation branded products, along with embedded credit and point of sale financing programs. Linear Vendor & Supplier Solutions: SaaS platform and point of sale financing programs that power the sales capabilities of B2B and B2C suppliers and vendors. Linear will continue to facilitate the origination of Fundation branded credit products to support Linear’s Integrated Credit and Vendor & Suppliers Solutions business lines. Rounding out Linear’s management team is Sandip Nayak, Chief Strategy & AI Officer, formerly with Fundation, and Raj Kolluri, Chief Technology Officer, formerly with ODX. Linear’s proven team brings deep experience in financial services and financial technology at leading institutions including Capital One, Citigroup, and SS&C. The combined company will have nearly 200 employees and have offices in Reston, VA, New York, NY and Denver, CO. Fundation’s majority owner, Garrison Investment Group, will own a majority equity interest in the combined company. Enova International , which recently acquired ODX’s parent company OnDeck, will own a minority equity interest. Fundation was advised by Barclays and ODX was advised by SenaHill Partners in this transaction. February 26, 2021 February 26, 2021

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Research containing Linear

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CB Insights Intelligence Analysts have mentioned Linear in 4 CB Insights research briefs, most recently on Aug 3, 2021.

Linear Patents

Linear has filed 64 patents.

The 3 most popular patent topics include:

  • Parallel computing
  • Computer memory
  • Image processing
patents chart

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7/13/2021

Feature detection (computer vision), Computer vision, Image processing, Parallel computing, Object recognition and categorization

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Related Topics

Feature detection (computer vision), Computer vision, Image processing, Parallel computing, Object recognition and categorization

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Grant

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