About Loanstar Technologies
Loanstar Technologies is a company focused on financial technology, specifically in the lending sector. The company offers a platform called MerchantLinQ that enables lenders to provide instant point-of-sale financing through local merchants, diversifying their consumer loan origination strategies and competing with higher interest rate loans and credit cards. Loanstar primarily serves the financial technology industry. It was founded in 2015 and is based in Swarthmore, Pennsylvania.
Loanstar Technologies's Product Videos
Expert Collections containing Loanstar Technologies
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Loanstar Technologies is included in 1 Expert Collection, including Fintech.
Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.
Latest Loanstar Technologies News
Apr 3, 2023
By Leandra Monteiro Share Seattle Bank , a digitally-driven local bank, has announced a new embedded banking partnership with LoanStar Technologies, a FinTech company that enables merchants and service providers to offer point-of-sale consumer loans. Consumers will now be able to access loans quickly and easily from Seattle Bank for high-value transactions, directly through the merchant. “At Seattle Bank, we evaluate every potential banking partnership by determining if the concept solves a problem for the customer, then aligning with a brand’s business imperatives,” said Josh Williams, EVP, Chief Banking Officer and Head of Partnerships at Seattle Bank. “In this instance, partnering with LoanStar allows its customers to accelerate the speed and convenience of point-of-sale financing while simultaneously allowing Seattle Bank to expand its reach to customers nationally. A win-win.” The collaboration is made possible through Seattle Bank’s scalable, configurable, open-API technology stack. This includes enabling real-time underwriting and loan fulfillment by integrating new functionality with Finastra, a global provider of financial software applications and marketplaces. Finastra’s FusionFabric.cloud open developer platform allows the Bank to seamlessly integrate with its FinTech partners, including LoanStar. LoanStar’s technology connects lenders to borrowers through its merchant network, which spans several industries. Seattle Bank’s initial partnership serves a merchant in the home improvement sector. “We saw a huge opportunity to team up with Seattle Bank to help expand its reach through point-of-sale finance,” said Andrew Turner, CEO of LoanStar. “We’re confident our strong relationships with contractors and merchants will help them find highly efficient ways to reach customers wanting immediate financing options when making purchases. “Finastra is proud to be an orchestrator of embedded finance, providing the tools needed to help banks meet customers on their journey at the right time,” said Radha Suvarna, Chief Product Officer and Head of Embedded Finance at Finastra. “We’re thrilled that Seattle Bank has chosen Finastra and our partners at LoanStar to facilitate embedded consumer lending at the point of sale – with the first live transactions already successfully processed.” Partnering with LoanStar illustrates Seattle Bank’s partner banking capabilities which enable FinTechs, marketplaces and brands to provide financial solutions within their brand experience, bringing banking directly to customers through seamless, integrated transactions. Whether offering a borrowing solution into a retail brand’s digital channel or providing banking-as-a-service to a FinTech, Seattle Bank orchestrates the strategic blend of business, technology, and compliance, creating successful and sustainable banking partnerships. Previous Article Digital monthly issue Global coverage
Loanstar Technologies Frequently Asked Questions (FAQ)
When was Loanstar Technologies founded?
Loanstar Technologies was founded in 2015.
Where is Loanstar Technologies's headquarters?
Loanstar Technologies's headquarters is located at 791 S Chester Rd, Swarthmore.
What is Loanstar Technologies's latest funding round?
Loanstar Technologies's latest funding round is Debt.
How much did Loanstar Technologies raise?
Loanstar Technologies raised a total of $2.2M.
Who are Loanstar Technologies's competitors?
Competitors of Loanstar Technologies include GreenSky and 3 more.
Compare Loanstar Technologies to Competitors
GreenSky operates in the consumer finance marketplace. The company engages in the home improvement, retail, and healthcare industries offering buy now, pay later (BNPL) services. GreenSky serves individuals looking for short-term lending facilities. The company was founded in 2006 and is based in Atlanta, Georgia.
Acorn Finance is a lending marketplace focused on home improvement financing. The company provides a platform where borrowers can compare and choose the best lending rates, contractors can offer financing options to their customers, and software providers can integrate Acorn Finance's solution into their services. The company primarily serves the home improvement industry. Acorn Finance was formerly known as Headway Sales Inc.. It was founded in 2017 and is based in Sacramento, California.
Wisetack provides financing for services enabling businesses to work on their customer experiences. Its application program interface (API) enables financing options into software platforms for day-to-day operations. Its platform allows customers to make payments in installments. It serves its solutions for home services, auto repair, medical, and other sectors. The company was founded in 2018 and is based in San Francisco, California.
Quilo is a fintech platform. It empowers community banks and credit unions to originate and service installment loans with instant access to funds. Its platform supports loan syndication for instances such as personal installment loans, home improvement, and unexpected life events. It was founded in 2020 and is based in Staten Island, New York.
FNZ Group focuses on wealth management in the financial sector. It offers a global wealth management platform that integrates technology with business and investment operations. The company primarily serves financial institutions and wealth managers. FNZ Group was founded in 2003 and is based in London, United Kingdom.
Brighte is a company that focuses on the financial and sustainable energy sectors. It provides financing solutions for solar systems and energy-efficient home products, making these sustainable upgrades more affordable and accessible. The company primarily serves the residential and small to medium-sized business sectors. It was founded in 2015 and is based in Sydney, New South Wales.