About PrecisionLender
PrecisionLender is a Financial Services company based in Charlotte (United States) founded in 2009, and was acquired by Q2 Software in October 2019. Loan and deposit pricing management software is provided for banks. The company has 138 employees. PrecisionLender offers products and services including Digital Banking, Digital Onboarding, Risk and Fraud Management, and Relationship Pricing and Profitability. Its focus areas include FinTech, Banking Tech, Business Intelligence and Product Pricing. Its legal entity is LENDER PERFORMANCE GROUP, LLC. Its competitors include Yseop, LoanTek and Mortech; 2 of its 3 listed competitors have raised funding.
Company details
Loan and deposit pricing management software solution for banks. It factors risk into clients pricing by adjusting risk-based capital and provision based on borrower credit grade (PD), exposure (EAD), duration of exposure, loss given default (LGD) based upon amount and quality of the collateral, and guarantees. It automatically feeds relevant account data for loans, deposits, and other fee-based businesses directly into the core system to help relationship managers establish long-term relationships with end customers and also to create cross-selling opportunities. It provides a real-time dashboard to identify trends and best practices.
- Headquarters Charlotte, United States
- Employees 138
- Stage Acquired
- SectorsFinancial Services
- Email••••••••
- Website precisionlender.com
- Social LinkedIn X Facebook Instagram
- Acquired by Q2 Software (Oct 2019)
- Legal Name Lender Performance Group, Llc.
- InvestorsQ2
& 4 more
- Employee Count138
- Acquired byQ2 Software
(Oct 2019)
Products & Services of PrecisionLender
PrecisionLender offers a comprehensive portfolio of products and services, including Digital Banking, Digital Onboarding, Risk and Fraud Management, and Relationship Pricing and Profitability.
Platform for managing consumer and commercial banking services securely.
Tools for streamlined account opening and fulfillment processes.
System for monitoring and preventing fraud in financial transactions.
Software for optimizing deals and profitability in banking relationships.
Funding Insights of PrecisionLender
- Total Rounds 3
- Investors Count 4
All 3 funding rounds of PrecisionLender with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2017 | Series B | – | GGV Capital, Insight Partners | – | |
| Sep 2016 | Series B | – | Georgian | – | |
| Oct 2014 | Series A | – | – |
5 investors in total: 5 institutional.
Investors in PrecisionLender
PrecisionLender has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include Q2, Georgian and GGV Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital is invested in cybersecurity, fintech, and AI startups. | ggvc.com | Menlo Park, United States | ||
Investment firm scaling software and technology companies from early to late stages. | insightpartners.com | |||
Venture capital is provided to expanding B2B software companies. | 2008 | georgian.io | Toronto, Canada | |
PE firm investing in the US | cepfunds.com | Boston, United States | ||
Banking software suites are provided for financial institutions. | 2004 | q2ebanking.com | Austin, United States |
Investor details for PrecisionLender
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People of PrecisionLender
11 people are tracked at PrecisionLender (11 in team); the tracked headcount is 138.
| Name | Role | Group |
|---|---|---|
Jasmine Joyner | Product Support Analyst | Team |
Michael DeGarmo | Account Manager | Team |
Chris Jarmul | Software Engineering Manager | Team |
Victor Lee | Software Engineer | Team |
Basile Verheecke | Staff Software Engineer | Team |
Tom Pulikal | Software Developer | Team |
Zhanna Brotsman | Software Developer | Team |
Marcy Fullbright | Senior Software Developer | Team |
James Beeler | Software Engineering Manager | Team |
Eric Lampke | Senior Manager, Customer Enablement | Team |
Sean Brown | Software Engineer | Team |
Complete people profiles for PrecisionLender
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Timeline of PrecisionLender
4 dated milestones of PrecisionLender across 10 years, from founding to its latest funding, stage changes and deals.
- Founded PrecisionLender is founded.
- Funding First funding round.
- Funding Latest funding round, Series B,.
- Exit Acquired by Q2 Software.
Competitors of PrecisionLender
PrecisionLender has 3 listed competitors in our database, 2 of them funded. They include Yseop, LoanTek and Mortech.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| yseop.com | 2008 | New York, United States | $9.3M | Automated natural language generation software for regulatory writing is provided. | ||
| loantek.com | 2008 | Boise, United States | $1M | Loan pricing and origination platforms are provided to mortgage lenders. | ||
| mortech.com | 1987 | Lincoln, United States | Mortgage rate search automation is delivered via cloud-based software. |
Detailed competitors of PrecisionLender
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Web traffic of PrecisionLender
The website of PrecisionLender (precisionlender.com) receives about 5.7K visits a month.
- Monthly visits5.7K
▲ 97% vs previous month
Websites whose visitors overlap most with PrecisionLender. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| loansifter.com | 100% | View details | |||
| themortgageoffice.com | 77% | 124.3K | #271,099 | View details | |
| q2.com | 76% | 96.7K | #466,417 | View details | |
| farin.com | 64% | View details | |||
albeca.com | albeca.com | 36% | #9,211,182 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 6 similar websites and full traffic analytics for PrecisionLender
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- 6 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Banking & FinTech Platforms
3 companies that operate in the same segment as PrecisionLender (Banking & FinTech Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online business banking and financial workflow tools are provided. | 2010 | San Francisco, California, United States | USD 546 M | USD 2.71 M | 1,807 | |
Digital banking services are offered to individuals via mobile apps. | 2012 | San Francisco, California, United States | USD 3.15 B | USD 1.96 B | 2,516 | |
Digital sustainable banking services are offered to consumers. | 2013 | Los Angeles, California, United States | USD 865 M | 237 |
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Related news about Precisionlender
Complete news archive for PrecisionLender
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Frequently Asked Questions about PrecisionLender
PrecisionLender was founded in 2009 and raised its 1st funding round 5 years after it was founded.
PrecisionLender is headquartered in Charlotte, United States. It is registered at Charlotte, North Carolina, United States.
PrecisionLender has 138 employees.
Loan and deposit pricing management software solution for banks. It factors risk into clients pricing by adjusting risk-based capital and provision based on borrower credit grade (PD), exposure (EAD), duration of exposure, loss given default (LGD) based upon amount and quality of the collateral, and guarantees. It automatically feeds relevant account data for loans, deposits, and other fee-based businesses directly into the core system to help relationship managers establish long-term relationships with end customers and also to create cross-selling opportunities. It provides a real-time dashboard to identify trends and best practices.
PrecisionLender offers Digital Banking, Digital Onboarding, Risk and Fraud Management, and Relationship Pricing and Profitability.
PrecisionLender has 5 investors. Key investors include Q2, Georgian, GGV Capital, Insight Partners, and Century Equity Partners.
PrecisionLender operates through Lender Performance Group, Llc..
Yes. PrecisionLender was acquired by Q2 Software in October 2019.