LendKey Passes $1b on its Lending Platform To Predominantly Millennials
Posted: Sat Apr 09, 2016 10:00 pm
The Latest FinTech company to hit a new milestone is LendKey, after it announced today that it has surpassed the $1b mark while successfully originating and underwriting its loan products to a predominantly Millenial-aged client base.
The nearly eight-year-old company said its average borrowers age is 28, and that its top line numbers were driven by younger borrowers within the average age of 22 for its flagship student loan product, and 27 for its refinancing loan, together of which made up the bulk its $1 billion in deployed loans.
Younger borrowers are the key to long-term viability for any financial institution,” ... (read more)