LenderKit Review

Crowdfunding Process

LenderKit is white-label crowdfunding software that allows you to implement a transparent, secure, and straightforward process for whatever type of crowdfunding business you’re running, be it debt-based or equity-based. Built with personal dashboards and e-wallet features, this software makes it simple for both fundraisers/borrowers and investors/lenders to engage in crowdfunding activities and transactions. 

The software permits fundraisers to create crowdfunding opportunities directly on their personal dashboard. While setting up opportunities, they are required to enter important pieces of information and send the necessary documents. Investors can view these opportunities and access all the details they need about each opportunity also from their own personal dashboard. They can find out the goal of the opportunity, the interest rate, the minimum amount of money that can be invested in the opportunity, and the amount of funds that have been raised so far. 

Investors, then, can select a crowdfunding opportunity they want to invest in. To streamline the process of sending money to fundraisers, the software sets up an e-wallet for each user. Investors can transfer funds from their bank account or credit card to their own e-wallet  and use the funds stored in the e-wallet to make payments for opportunities. 

They can send funds from their e-wallet to fundraisers’ e-wallets through an online payment method. With this method, once an investor is done entering the amount he wants to invest and e-signing the legal agreement, the payment gateway or service you integrated with the software automatically processes the transaction. The specified amount of fund is deducted from the investor’s e-wallet and deposited to the fundraiser’s e-wallet. Moreover, the software instantly updates the status of the transaction in the back office.

Back Office Management

The crowdfunding software comes with an admin back-office tool that helps you obtain complete control over your crowdfunding business. With this tool, you’ll be able to easily manage the entire lifecycle of investments, track how your crowdfunding software is performing, and gain insights into all activities and transactions happening within the software. 

For instance, you can access essential pieces of information about all types of users in your crowdfunding software, encompassing fundraisers, individual investors, and corporate investors. You are also given advanced user management capabilities like updating KYC status, viewing history of user activities, and creating investments on behalf of investors. 

The admin back-office tool also allows you to handle the creation of crowdfunding opportunities. You can prevent fundraisers to create opportunities on their own. Moreover, you have the option to indicate what specific details should be included in the opportunities.

Additionally, you get the opportunity to view essential KPIs that can aid you in assessing the performance of your crowdfunding software. You can find the number of users who passed KYC and completed the registration process. You’ll be able to track the total number of offerings that are currently active and the total amount of fees you collected as well. 

Crowdfunding Marketing Website

LenderKit also enables you to build a beautiful and mobile-optimized marketing website for your crowdfunding business. You can use this website to attract potential fundraisers and investors and onboard early customers, especially if you just recently started your business. LenderKit, furthermore, has some pre-built themes for you to choose from. You can select the appropriate theme for your website based on the type of customers you’re targeting, whether private equity and venture capital firms, startups, Millennials, or fintech. 

The service also adds a built-in questionnaire to your marketing website. This allows you to collect information from potential customers and check if they have sufficient knowledge about the kind of lending, financing, or investment business you’re supporting. You can use their information for your future marketing campaigns as well. Additionally, LenderKit integrates your marketing website with the admin back office tool and personal dashboards built within the crowdfunding software. As a result, you can instantly store user information in your crowdfunding software without doing repeated data entries.