LendKey Surpasses More than Half a Billion Dollars in Loan Originations Year-to-Date

Records New Milestone as Its Network of Lenders Seek High-Performing Assets

Home Improvement Loans program sees 4X year-over-year growth; LendKey continues expansion into Personal Unsecured, Auto Refi, and Solar loans

New York (October 6, 2021) — LendKey, the networked lending platform designed to deliver capital and liquidity management today announced a new company milestone as it originated over half a billion dollars in loans year-to-date on behalf of its credit union, bank and marketplace lending clients. The home improvement category alone achieved 450% growth over 2020. LendKey also continues to onboard additional asset classes such as personal unsecured and auto refinance loans onto the platform to help address the market’s critical need for loan diversification in response to excess liquidity.

LendKey’s active customer portfolio of more than 325 financial institutions accounts for more than $400 billion in available balance sheet assets. LendKey now partners with three of the top five largest credit unions by asset size.

  • New balance sheet members: 9 new credit unions joined the LendKey platform in 2021 including: Launch Credit Union ($1B assets); Achieva Credit Union ($2.3B assets); DoverPhila Credit Union ($602M assets); Honolulu Federal Credit Union ($326M assets); CapEd Credit Union ($1B assets); 1st Advantage Federal Credit Union ($912M assets); ASE Credit Union ($423M assets); Community South Credit Union($182M assets); and Firstmark Credit Union ($1.2B assets).
  • Indirect lending program: ALIRO, LendKey’s private deal network for loan buyers and sellers, was expanded to include fintech lenders and loan marketplaces for the first time. Fintechs and marketplaces now have direct access to credit union and community bank balance sheets. LendKey has facilitated the sale of over $2B of loan participations including education, education refinance, and home improvement loans and will be adding auto refinance and solar loans within the next few months.
  • Direct lending program: For the second half of 2021, LendKey forecasts robust interest in private student loan refis, notwithstanding the Cares Act deferral until January 31, 2022, as students return to campus and refi interest rates remain at historical lows for recent graduates.

“Market conditions continue to evolve, however, excess liquidity will continue to be a primary threat to lenders’ balance sheets. Our network of lenders  have increased their capital deployments to us, seeking both direct lending and, through our ALIRO loan purchase network, indirect lending such as participation and forward-flow deals,” said Vince Passione, CEO and Founder of LendKey. “We hit a new high in loan originations and our partners are already making their capital commitments for 2022—directing their overflow into home improvement to capture the market as well as into future-looking assets such as auto refis and solar.”

To learn more about LendKey’s lending and balance sheet management solutions, please visit


About LendKey

LendKey delivers high quality consumer loans directly to financial institutions through its digital lending-as-a-service model and indirectly through Aliro by LendKey, an innovative deal network designed to enable financial institutions to buy, sell and broker loans. The platform delivers the technology, servicing, and support that financial institutions need to establish a strong digital lending presence, acquire loans to their balance sheets, and build lifetime relationships with their partners and customers. Lenders optimize their offerings by drawing upon LendKey’s fintech platform for demand generation, online decisioning and loan origination, loan servicing, compliance expertise and risk analytics, and proprietary balance sheet options. LendKey currently services more than $2 billion in loans and has helped community-capital providers deploy over $4 billion in loans since 2009. Visit LendKey for more information.

Media Contact
Gregory Papajohn
Archie Group for LendKey