LoanPro is a leading fintech company specializing in a modern, cloud-based loan management, servicing, and collections platform designed to empower lenders with operational efficiency, scalability, and innovation. Founded in 2014 by three brothers—Rhett, Ben, and Lloyd Roberts—in Farmington, Utah, LoanPro emerged from their own lending business frustrations with inflexible legacy systems, aiming to build a highly configurable and API-first lending platform.
The company’s roots trace back to 2008 when the Roberts brothers started an auto lending business to support their car dealerships. Facing challenges with existing loan management systems, they envisioned a scalable, configurable SaaS lending platform. LoanPro was officially founded in 2014 and has since grown rapidly, powering over 30 million accounts and serving more than 600 customers with over 2,000 unique credit programs launched. The team has expanded to over 200 employees focused on innovation
LoanPro secured a significant $100 million Series A growth equity investment in July 2021 from FTV Capital, a fintech-focused growth equity investor. This capital injection was aimed at enhancing platform functionality, expanding into new lending verticals, and investing in client-centric growth initiatives. At the time, LoanPro managed over $15 billion in loans across the U.S. and Canada.
The company focuses on organic growth through continuous platform enhancements and expanding lending verticals, supported by its recent funding round.
LoanPro continually invests in simplifying complex lending processes and adding bolt-on features such as benchmarking, portfolio pricing, data lookup, automated loan servicing, and workflow management. These enhancements aim to maintain LoanPro’s position as a next-generation, cloud-based, remote-first lending platform.
LoanPro’s culture is rooted in innovation, flexibility, and customer empowerment. Founded by lenders frustrated with legacy systems, the company emphasizes building scalable, configurable infrastructure to enable the future of financial innovation. With a team of over 200 employees, LoanPro values collaboration, continuous improvement, and being a platform that financial institutions and fintechs can rely on to build innovative lending products.
LoanPro serves over 600 customers, including financial institutions, fintechs, and alternative lenders across the United States and Canada. Its platform powers more than 30 million loan accounts and supports over 2,000 unique credit programs. The company’s API-first approach and configurability foster a community of lenders who can rapidly innovate and scale their loan portfolios while maintaining operational control and compliance.
