Business Wire
Lenders Cooperative and Ventures Lending Technologies today announced their intent to merge, creating an entity that will deliver best-in-class commercial loan origination and integrated commercial loan servicing capabilities to a wide range of financial institutions.
By bringing together the loan originations expertise of Lenders Cooperative and the servicing capabilities of Ventures Lending Technologies, this merger sets the stage for the combined organization to become the premier technology company offering loan solutions and shared services for commercial banks, credit unions, Certified Development Companies (CDCs), Community Development Financial Institutions (CDFIs), and other fintech companies providing commercial and government guaranteed loans to their local businesses and communities.
“This merger will allow us to deliver a unique solution that is highly sought out by the market – while also helping modernize and drive down the cost of servicing technology.”
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“Our banking partners that leverage our commercial loan origination technology have continued to seek a modern servicing platform to deliver a true end to end experience from originations through servicing,” said Cary Cooper, Chief Executive Officer of Lenders Cooperative. “This merger will allow us to deliver a unique solution that is highly sought out by the market – while also helping modernize and drive down the cost of servicing technology.”
Lenders Cooperative will bolster these combined lending technologies with unparalleled professional services support, including credit underwriting, closing, and servicing operations, working directly on behalf of the lending institutions.
The merger builds on a strategic collaboration that began in 2023 between Lenders Cooperative and Momentus Capital to explore technology enhancements and lead-generation opportunities.
“Our teams have worked closely together to create innovative solutions to help Momentus Capital reach more borrowers, more efficiently. The teamwork and collaboration have been excellent,” said Ellis Carr, President and CEO of CDC Small Business Finance and Capital Impact Partners. “We are thrilled to merge Ventures Lending Technologies with Lenders Cooperative to create an industry leading technology firm that can support our teams and the industry as we scale impact lending across the financial sector. Additionally, significant R&D resources will help fuel product additions such as integrated payments, AI assisted workflows, and point-of-sale lending integrations.”
Ventures is part of the Momentus Capital branded family of organizations that includes Capital Impact, CDC Small Business Finance, and Momentus Securities.
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