Lenders Cooperative and Ventures Lending Technologies have announced their intent to merge.
By bringing together the loan originations expertise of Lenders Cooperative and the servicing capabilities of Ventures Lending Technologies, the pair pitch the premier technology company offering loan solutions and shared services commercial banks, credit unions, Certified Development Companies (CDCs), Community Development Financial Institutions (CDFIs) and other fintech companies providing commercial and government guaranteed loans to their local businesses and communities..
Cary Cooper, CEO, Lenders Cooperative, said: “This merger will allow us to deliver a unique solution that is highly sought out by the market – while also helping modernize and drive down the cost of servicing technology.”
The merger builds on a strategic collaboration that began in 2023 between Lenders Cooperative and Momentus Capital to explore technology enhancements and lead-generation opportunities.
Ventures currently supports over 250 lending institutions nationwide and is rapidly expanding to support several of the largest SBA guaranteed lenders in the US.
In 2024, lenders using Ventures approved over $20 billion in projects on the platform.
Tom Brune, President of Ventures, said: “We are joining forces with a like-minded technical firm that will allow us to increase our R&D investments and add additional expertise, which can provide benefits to our current customers. I’m equally excited to demonstrate to commercial banks, credit unions, and other fintech companies the loan servicing value that Ventures can deliver as part of the Lenders Cooperative platform.”
