About PrecisionLender
PrecisionLender is a company based in Charlotte (United States) founded in 2009 was acquired by Q2 Software in October 2019.. The company has 138 employees as of December 31, 2022. PrecisionLender offers products and services including Digital Banking, Digital Onboarding, Risk and Fraud Management, and Relationship Pricing and Profitability. PrecisionLender operates in a competitive market with competitors including Yseop, Cloudbrain, LoanTek, Mortech and Ivory Consulting Corporation, among others.
- Headquarter Charlotte, United States
- Employees 138 as on 31 Dec, 2022
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Lender Performance Group, Llc.
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
Q2
& 4 more
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Employee Count
138
as on Dec 31, 2022
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Acquired by
Q2 Software
(Oct 01, 2019)
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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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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.
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Funding Insights of PrecisionLender
- Total Funding Total Funding
- Total Rounds 3
- Last Round Last Round
- First Round First Round
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Dec, 2017 | Amount | Series B - PrecisionLender | Valuation | GGV Capital , Insight Partners |
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| Sep, 2016 | Amount | Series B - PrecisionLender | Valuation | Georgian |
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| Oct, 2014 | Amount | Series A - PrecisionLender | 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 |
investors |
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. 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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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investment firm scaling software and technology companies from early to late stages.
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Founded Year | Domain | Location | |
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Venture capital is provided to expanding B2B software companies.
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Founded Year | Domain | Location |
| 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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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by PrecisionLender
| 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 - PrecisionLender
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Precisionlender Comparisons
Competitors of PrecisionLender
PrecisionLender 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 Yseop, Cloudbrain, LoanTek, Mortech and Ivory Consulting Corporation, 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.
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| domain | founded_year | HQ Location |
Automated natural language generation software for regulatory writing is provided.
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Develops advanced artificial general intelligence systems for innovative applications.
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Loan pricing and origination platforms are provided to mortgage lenders.
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| 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 software for equipment lease modeling, loan pricing, and portfolio management services.
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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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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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Latest news on Precisionlender
Frequently Asked Questions about PrecisionLender
When was PrecisionLender founded?
PrecisionLender was founded in 2009 and raised its 1st funding round 5 years after it was founded.
Where is PrecisionLender located?
PrecisionLender is headquartered in Charlotte, United States. It is registered at Charlotte, North Carolina, United States.
How many employees does PrecisionLender have?
As of Dec 31, 2022, the latest employee count at PrecisionLender is 138.
What does PrecisionLender do?
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.
Who are the top competitors of PrecisionLender?
PrecisionLender's top competitors include Yseop, LoanTek and Brilliance Financial Technology.
What products or services does PrecisionLender offer?
PrecisionLender offers Digital Banking, Digital Onboarding, Risk and Fraud Management, and Relationship Pricing and Profitability.
Who are PrecisionLender's investors?
PrecisionLender has 5 investors. Key investors include Q2, Georgian, GGV Capital, Insight Partners, and Century Equity Partners.