Lokyata provides automated analytics and validation tools that streamline the lending process by quickly qualifying leads and assessing borrower financial health in real time. This technology reduces manual processing time, minimizes defaults, and enhances borrower satisfaction, enabling lenders to efficiently manage more loans without increasing staff.
Funding
$1.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Lenders face challenges in efficiently qualifying leads and assessing borrower financial health, often relying on time-consuming manual processes. This can lead to increased operational costs, higher default rates, and reduced borrower satisfaction.
Solution
Lokyata offers automated analytics and validation tools designed to streamline the lending process. The platform enables lenders to quickly qualify leads, assess borrower financial health in real time, and automate disbursements. By minimizing manual processes, Lokyata helps lenders optimize cost per funded loan, reduce first payment defaults, and maximize return on assets. The technology allows lenders to process more loans without increasing staff, ultimately increasing profits and reducing risk.
Target Audience
Lokyata's primary customers are lenders seeking to automate and accelerate their lending decisions, including banks, credit unions, and alternative lenders.
Features
- **Excelrate:** Creates ideal borrower profiles to focus on matching leads.
- **Fraudblock:** Instantly verifies borrower identity.
- **Bankanalyze:** Automatically assesses the financial health of applicants in real time.
- Automated lead qualification and assessment.
- Real-time borrower financial health analysis.
- Data-driven tools for streamlining lending workflows.