About LoanTek
LoanTek is a company based in Boise (United States) founded in 2008 was acquired by Bankrate in June 2015.. LoanTek has raised $1 million across 3 funding rounds from investors including Bankrate and Keiretsu Forum. LoanTek operates in a competitive market with competitors including Mortech, Tactile Finance, RateXray, Lenovium and My Loan Officer, among others.
- Headquarter Boise, United States
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Sectors
Financial Services
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Phone
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Website
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Social
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- Legal Name Loantek, Inc
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Funding Insights of LoanTek
LoanTek has successfully raised a total of $1M across 3 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $200 thousand completed in October 2014. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Debt – Conventional — $200,000
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Oct, 2014 | Amount | Debt – Conventional - LoanTek | Valuation |
investors |
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| Mar, 2014 | Amount | Seed - LoanTek | Valuation |
investors |
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| Jun, 2012 | Amount | Seed - LoanTek | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in LoanTek
LoanTek has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Bankrate and Keiretsu Forum. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Accredited investors are networked for private equity funding opportunities.
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Personal finance content is aggregated, published, and distributed online.
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| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by LoanTek
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - LoanTek
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Loantek Comparisons
Competitors of LoanTek
LoanTek operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Mortech, Tactile Finance, RateXray, Lenovium and My Loan Officer, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Mortgage rate search automation is delivered via cloud-based software.
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| domain | founded_year | HQ Location |
Offers a customer engagement platform tailored for mortgage services.
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| domain | founded_year | HQ Location |
Delivers mortgage pricing and analytics solutions for financial professionals.
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| domain | founded_year | HQ Location |
A digital tool that streamlines the mortgage origination process for financial institutions.
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| domain | founded_year | HQ Location |
Provides pricing solutions for mortgage loan officers.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about LoanTek
When was LoanTek founded?
LoanTek was founded in 2008 and raised its 1st funding round 4 years after it was founded.
Where is LoanTek located?
LoanTek is headquartered in Boise, United States. It is registered at Boise, Idaho, United States.
Is LoanTek a funded company?
LoanTek is a funded company, having raised a total of $1M across 3 funding rounds to date.
What does LoanTek do?
LoanTek was founded in 2008 in Boise, United States, and operates within the mortgage lending sector. A loan pricing engine and origination platform are supplied to mortgage companies, consumer direct divisions, and loan originators. Key products encompass Loan Desk Manager for lock management, Automated Quoting for single and multi-channel use, Lead Management Services, Campaign Manager, Lead Manager, Loan Pricer, Website Quote Widget, and LoanTek Connect.
Who are the top competitors of LoanTek?
LoanTek's top competitors include Mortech, Tactile Finance and RateXray.
Who are LoanTek's investors?
LoanTek has 2 investors. Key investors include Bankrate, and Keiretsu Forum.