Koi provides a security verification service designed to protect websites from malicious bots. This system implements checks to ensure that only legitimate human users can access the protected web resources. The service functions as a gatekeeper, maintaining site integrity against automated threats.
Funding
Funding not disclosed
Founders
Product
Problem
Financial institutions face challenges in sourcing and capitalizing on Community Reinvestment Act (CRA) eligible loans at scale, hindering their ability to meet regulatory quotas and enhance liquidity. The process of discovering suitable loans is often fragmented, relying on brokers and manual searches, leading to inefficiencies and increased transaction costs.
Solution
Koi provides a digital platform that streamlines the buying and selling of CRA-eligible loans, connecting financial institutions seeking to enhance liquidity with those looking to meet regulatory requirements. The platform offers tailored search capabilities, allowing buyers to discover loans based on specific CRA preferences such as MSA, census tract, and borrower characteristics. Koi simplifies the transaction process through standardized contracts and a virtual deal room, reducing the complexities associated with bespoke agreements and negotiations. By increasing market transparency and reducing transaction costs, Koi enhances liquidity in the CRA lending market, enabling institutions to extend crucial access to capital in underserved communities.
Target Audience
Koi primarily targets financial institutions, including CDFIs, MDIs, credit unions, and banks, seeking to buy or sell CRA-eligible loans.
Features
- Advanced search functionality enabling buyers to filter loans based on CRA preferences (MSA, census tract, gross annual revenues, FICO, etc.).
- Standardized contracts and agreements to reduce time and cost associated with loan transactions.
- Virtual deal room functionality to streamline the transaction process.
- Loan tape upload capability for sellers to list loans and unlock new liquidity.
- Market transparency providing sellers with optimal pricing insights.