Quilo is a lending platform that utilizes GLASS technology to facilitate the buying, selling, and settling of fractions of individual loans and loan pools, enabling precise balance sheet optimization. By offering micro-participations, Quilo addresses the need for liquidity and earnings optimization in loan portfolios, streamlining trading and servicing processes for financial institutions.
Funding
$16.4M 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
Financial institutions face challenges in optimizing their balance sheets due to limited liquidity and inefficient processes for trading and managing loan portfolios. Traditional methods for buying and selling loan participations are often cumbersome, lack transparency, and require significant manual effort. This makes it difficult for institutions to efficiently adjust their asset mix to meet earnings or liquidity targets.
Solution
Quilo offers a platform, powered by GLASS technology, that facilitates the buying, selling, and settling of fractions of individual loans and loan pools, enabling continuous balance sheet optimization. The platform allows financial institutions to trade micro-participations, streamlining trading, negotiation, settlement, and servicing processes. By providing access to smaller loan fractions, Quilo enhances liquidity and enables more precise adjustments to asset portfolios. The platform offers tools for performance analysis, balance sheet impact assessment, and counterparty due diligence, all within a transparent bidding environment.
Target Audience
Quilo primarily targets financial institutions, including credit unions and banks, seeking to optimize their balance sheets through efficient trading and management of loan participations.
Features
- Enables the sale of participations in loan pools as small as $500,000 and the purchase of participations as small as $100,000.
- Allows users to subscribe to buy or sell fractions of any type of individual loan or credit line.
- Provides tools to set balance sheet targets and analyze the potential impact on performance metrics.
- Offers optimization options to reach net interest income objectives within policy constraints.
- Includes stress-testing capabilities to analyze the impact of economic and interest rate shocks.
- Facilitates transparent bidding with multiple buyers securely and confidentially.
- Provides AI-assisted counterparty due diligence, detailing leadership experience, performance metrics, and economic stress-tests.
- Offers a digitally-driven remittance service for the life of loans with remittance, loan-level reporting, and GL integration.
- Ensures transaction audits include counterparty due diligence, loan performance, balance sheet impact analysis, and settlement reports.