Growth Like No Other

This past week, we signed one of the biggest deals here at LendAPI, tripled our contracted ARR to just a hair shy of $9M ARR. This represents a 1300% YOY growth. I am excited about this new opportunity, this deal will bring us between $6MM to $30MM in the next 12 to 24 months. We need to work extra hard to hug around this opportunity.  I will have more on this 

We are talking to the biggest names in all sorts of industries such as the biggest e-commerce company in the world, the biggest hotel group in the world, the top luxury auto manufacturer in the world. Most interestingly, these leads are all inbound leads.

I have to thank our content strategy for working overtime to get into google search engine as well as chatGPT search engine. On Google Search Console (not as relevant as now given all the LLM search engines), we are getting close to 4,000 impressions a day. We were at 0 just 17 months ago. 

My theory is that it takes about a year or two for your website to be picked up by search engines to be the voice of the industry. But, you have to have quality content to back it up.

July 2025 Platform News

We are gearing up for our v2.9.8 release. What makes this release special is that this is the first release we are releasing based on our 14 day sprint process. As a reminder, we used to have a 7 day release schedule. Now our platform is getting more complex, we still want to produce the same amount of work into these releases but we need to get our QA Engineering team ample time to test as well as allowing our developers to write functional test cases right into their code. 

We also implemented code review and gave everyone a place for cross learning. We are excited about this release and next week, we will publish our release notes in next week’s platform news. I can’t wait. 

We also welcome a new team member, Kevin Myers to the team. Kevin will be a sales executive on our sales team. He and the rest of the sales organization will be reporting to Kay Feng. Key is taking on additional responsibilities and she will help me to build a world class solutions driven sales organization. We welcome Kevin Myers to the shop.

We also have a new Platform QA engineer joining us towards the end of the month. He will add additional fire power to our QA team to put more hands on this incredible platform we’ve built.

In addition to team building, we are interviewing implementation managers that know our space, cold. I’ve worked with a lot of these fine folks and we now have the need to get them onboarded. The combination of this new leadership and technology will set us apart. Look out for experts in this space joining LendAPI in the coming weeks.

LendAPI Partner Podcast

We have some new recordings coming and we understand everyone’s schedule matters. After a week or so when everyone returns from their vacation, we will get more of them scheduled, for now, check out one of the episodes from our friends at LoanPro.

LendAPI Partner Podcast with Rhett Roberts, Co-Founder and CEO of LoanPro

We’ve done a lot of work with the team at LoanPro but most of us don’t know the origin story behind LoanPro. Here’s your chance to hear it directly from Rhett Roberts, the CEO of LoanPro. It’s a fascinating origin story and I encourage you guys to give it a listen whenever podcasts are available.

LendAPI Academy

I am making a debut, finally, in our LendAPI Academy! I am trying to measure up to Kay’s long form videos by publishing some shorties to test out my equipment and my narration. Here are a few episodes for you to enjoy.

LendAPI - Launch in 90 Seconds - In this episode, you will see how quickly we can take a ready made template and launch your mortgage application in a flash.

LendAPI - Rules vs. Action Nodes - In this episode, I will show you how to build decisions within our rules studio and give you a quick overview of the differences between a Rule Node and an Action Node in our design. This will give you an overview of how our Rules Studio is designed and our inner thoughts.

LendAPI - Know Your Business - In this episode, we will show you how our KYB tool is built and how to use it to search any business in the United States. This tool makes it a great way for underwriters to complete their due diligence process. We think it’s pretty cool. Check out my live demo of the tools.

LendAPI FinTech Marketplace

This week we have a few members joining our marketplace and they are:

Sea.dev, these folks created a lot of AI driven infrastructure for fintechs to turn manual work into automated workflows. Check them out.

We also welcomed Eliassen Group to our marketplace in our FinTech Advisory category. Check them out. 

We have a few more members being added to our FinTech Marketplace. If you want to chat with me or anyone in our fintech marketplace, please join our Slack Community, the link to join is here.

If you want to join our FinTech Marketplace, please email us at info@lendapi.com or go to our marketplace website and click on Join Marketplace. 

LendAPI Platform Release Notes - v2.9.8 Preview

We have over 100 tickets to be released in v2.9.8. This is a monster of a release and testing of this release has already been started. Our tentative release date for this is on August 8th, 2025. We will have a more detailed overview of this release next week in our weekly platform news update.

So what happens in between our major platform releases? Well, a lot. If there are any break fixes, high priority tickets to unblock our clients, we are still releasing these tickets at will (after thorough testing). This week, we released over a dozen tickets to gear up our clients for production.

Speaking of launching our clients, we launched a real estate investment platform. Congrats to everyone on that release. Phase 2 of this client’s platform integration began this week. Next week we are hoping to release another corporate vehicle financing company. We look forward to that shortly.

v2.9.8 contains a big UI/UX lift to one of our most popular architectural features of our platform, Tenant Management. Tenant management is one of the biggest differentiating features, we allow embedded financing, point of sale financing firms to manage their stores, retail partners with specific rules and pricing models. We think you will enjoy this long overdue facelift. 

What’s Next?

We are working on several UI/UX enhancements to the most used parts of our platform. Pricing Engine is one of the original features of our platform and it’s now due for a facelift. We are working diligently to get it released as part of our v2.9.8 platform release.

Sam and I talked about our SMS Platform and we will finally sink our teeth into it. Our clients can chat with their clients directly via SMS. We think the ability to send text messages with embedded URL will be a feature that our clients would love to close the communication gap with their customers. We can’t wait to show you this feature.

About LendAPI

LendAPI is a Loan Origination System builder. You can use it to launch any LOS instantly at your own pace with our do-it-yourself launch engine. 

Follow us on Linkedin, X, YouTube, and check out our Decision Engine, Product Studio, Underwrite AI, Doc AI and Agent Dashboard as well myOCR.ai. Check out more content at LendAPI Academy, Podcast, and our Weekly Newsletter with our Marketplace Slack Community.