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INTERNET | eCommerce / Marketplace
loan-street.com

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Founded Year

2013

Stage

Loan | Alive

Total Raised

$12.93M

Last Raised

$680K | 1 yr ago

Mosaic Score

+20 points in the past 30 days

What is a Mosaic Score?
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

About LoanStreet

LoanStreet creates a marketplace to enable the efficient syndication of any sized loan. LoanStreet's marketplace automates and standardizes syndication from origination to maturity enabling lenders and investors to buy, sell and manage loans directly on LoanStreet. As a result, there is no wasted time or management resources negotiating individual syndication agreements.

LoanStreet Headquarter Location

155 E. 34th Street #10A

New York, New York, 10016,

United States

646-780-0918

Latest LoanStreet News

Malaysian Fintech Finology and AXA Affin General Insurance to Enable Digital Auto Insurance Services

Sep 14, 2021

AXA Affin General Insurance and Malaysia’s Finology, a Fintech firm focused on supporting efficient lending and insurance for individual consumers and businesses, have teamed up to allow clients to buy or renew car and motorcycle insurance and settle road taxes via online platforms. As noted on its website, Finology was launched in 2017 and it’s based out of Kuala Lumpur, Malaysia. Their goal is to “enable seamless access to financial products for everyone.” The company has shared: “We started … by absorbing and reinventing Loanstreet.com.my from a lead gen portal into one that could provide approvals from banks within 10 minutes. Today Loanstreet receives upwards of 800,000 visits and thousands of product enquiries every month.” In 2018, they activated instant home loan approvals for the real estate sector through their mortgage pre-approval gateway platform Loanplus. By 2019, Loanplus “processed home loan pre-approval requests totaling more than RM1.4b.” In 2019, the firm became the first in Malaysia “to offer online renewals of motorcycle insurance and road tax.” Then they noticed many B40 motorcyclists would ask if they could take cash. Knowing this, the firm “enabled renewal of motor insurances and road taxes on 250 cash deposit eKiosks throughout Malaysia.” The firm further notes it has “enabled seamless access on many 3rd party platforms via [their] APIs and technology since 2017, including brand names such as iProperty, MyEG and Mudah.” Currently, the company holds patents in 2 countries, and “have clients in 4 countries where we continue to make a difference to the lives of millions of people.” Via Finology’s Loanstreet.com.my portal, clients may acquire fast quotations for AXA’s insurance to either buy or renew existing policies within minutes. This collaboration will see Finology act as an online distribution driver for AXA via all-digital platforms. Emmanuel Nivet, CEO at AXA, noted that this partnership will aim to expand AXA’s distribution footprint in the virtual space and allow clients to obtain protection conveniently via their preferred channels at any given time and from anywhere. Nivet stated: “At AXA, we believe that digitalization is the way forward to support and deliver greater value to customers; that is why we continuously look for strategic partners to expand our digital distribution channels and enhance accessibility to our products and services. We are truly excited to partner with Finology to align on our customer-centric values and collectively deliver fast, simple and secure online insurance solutions via innovative digital technology.” Robin Ang, Director of Finology Sdn Bhd (Holding company of Loanstreet), remarked: “We have been focusing on seamless access to financial products to allow convenience and efficiency to consumers. When we first pioneered motorcycle insurance and road tax renewals digitally in 2019, the awareness was low. However, due to the changes brought about by Covid-19, we have seen a sustained 5x spike in transactions. Our partnership with AXA will further provide our customers with more options from one of the top insurers in Malaysia.” Sponsored Links by DQ Promote   You may also like...

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The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Expert Collections containing LoanStreet

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

LoanStreet is included in 2 Expert Collections, including Digital Lending.

D

Digital Lending

1,123 items

This collection contains companies that provide alternative means for obtaining a loan for personal or business use and companies that provide software to lenders for the application, underwriting, funding or loan collection process.

F

Fintech

7,012 items

US-based companies

LoanStreet Web Traffic

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Page Views per Million (PVPM)
Reach per Million (RPM)
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