Live Oak Ventures Participates in Financing of Synply, Inc.
Live Oak Ventures, the investment arm of Live Oak Bancshares, has announced an investment in Synply Inc., a cloud-based technology company focused on transforming loan syndication for banks. Synply offers a simplified tool to centralize the entire process of syndicated lending and portfolio management.
Stephanie Mann, Live Oak Bank Chief Strategy Officer, highlighted the company's role in fostering innovative fintech solutions. Corbin Penland, CEO of Synply and former managing director of loan syndications at Live Oak Bank, emphasized the platform's ability to address critical needs in the loan syndication process.
The Synply platform aims to provide end-to-end efficiency by allowing participating banks to manage the entire loan syndication process, from origination to servicing, within a single platform.
Live Oak Ventures, la divisione di investimenti di Live Oak Bancshares, ha annunciato un investimento in Synply Inc., un'azienda tecnologica basata sul cloud focalizzata sulla trasformazione della sindacazione dei prestiti per le banche. Synply offre uno strumento semplificato per centralizzare l'intero processo di prestiti sindacati e gestione del portafoglio.
Stephanie Mann, Chief Strategy Officer di Live Oak Bank, ha evidenziato il ruolo dell'azienda nel promuovere soluzioni fintech innovative. Corbin Penland, CEO di Synply e ex direttore generale delle sindacazioni dei prestiti presso Live Oak Bank, ha sottolineato la capacità della piattaforma di affrontare esigenze critiche nel processo di sindacazione dei prestiti.
La piattaforma Synply punta a fornire efficienza end-to-end consentendo alle banche partecipanti di gestire l'intero processo di sindacazione dei prestiti, dall'origine al servizio, all'interno di un'unica piattaforma.
Live Oak Ventures, el brazo de inversión de Live Oak Bancshares, ha anunciado una inversión en Synply Inc., una empresa de tecnología basada en la nube centrada en transformar la sindicación de préstamos para los bancos. Synply ofrece una herramienta simplificada para centralizar todo el proceso de préstamos sindicados y gestión de carteras.
Stephanie Mann, directora de estrategia de Live Oak Bank, destacó el papel de la empresa en la promoción de soluciones fintech innovadoras. Corbin Penland, CEO de Synply y exdirector general de sindicación de préstamos en Live Oak Bank, enfatizó la capacidad de la plataforma para abordar necesidades críticas en el proceso de sindicación de préstamos.
La plataforma Synply tiene como objetivo proporcionar eficiencia de extremo a extremo permitiendo a los bancos participantes gestionar todo el proceso de sindicación de préstamos, desde la originación hasta la atención, dentro de una única plataforma.
Live Oak Bancshares의 투자 부문인 Live Oak Ventures는 은행의 대출 공동 성사를 혁신하는 데 중점을 둔 클라우드 기반 기술 회사인 Synply Inc.에 대한 투자를 발표했습니다. Synply는 공동 대출 및 포트폴리오 관리를 위한 전체 프로세스를 중앙 집중화하는 간소화된 도구를 제공합니다.
Live Oak Bank의 최고 전략 책임자 스테파니 만(Stephanie Mann)은 혁신적인 핀테크 솔루션을 육성하는 회사의 역할을 강조했습니다. Live Oak Bank의 대출 공동 성사 책임자였던 Synply의 CEO 코빈 펜란드(Corbin Penland)는 대출 공동 성사 프로세스의 필요를 충족시키는 플랫폼의 능력을 강조했습니다.
Synply 플랫폼은 참여하는 은행이 대출 공동 성사 프로세스의 전반을 단일 플랫폼 내에서 관리할 수 있도록 하여 종합적인 효율성을 제공하는 것을 목표로 합니다.
Live Oak Ventures, le bras d'investissement de Live Oak Bancshares, a annoncé un investissement dans Synply Inc., une entreprise technologique basée sur le cloud, axée sur la transformation de la syndication de prêts pour les banques. Synply propose un outil simplifié pour centraliser l'ensemble du processus de prêts syndiqués et de gestion de portefeuille.
Stephanie Mann, Directrice de la stratégie de Live Oak Bank, a souligné le rôle de l'entreprise dans la promotion de solutions fintech innovantes. Corbin Penland, PDG de Synply et ancien directeur général des syndications de prêts chez Live Oak Bank, a souligné la capacité de la plateforme à répondre aux besoins critiques dans le processus de syndication de prêts.
La plateforme Synply vise à fournir une efficacité de bout en bout en permettant aux banques participantes de gérer l'ensemble du processus de syndication de prêts, de l'origine au service, au sein d'une seule plateforme.
Live Oak Ventures, der Investmentarm von Live Oak Bancshares, hat eine Investition in Synply Inc. angekündigt, ein cloudbasiertes Technologieunternehmen, das sich auf die Transformation der Kredit-Syndizierung für Banken konzentriert. Synply bietet ein vereinfachtes Werkzeug zur Zentralisierung des gesamten Prozesses der syndizierten Kreditvergabe und des Portfoliomanagements.
Stephanie Mann, Chief Strategy Officer von Live Oak Bank, betonte die Rolle des Unternehmens bei der Förderung innovativer Fintech-Lösungen. Corbin Penland, CEO von Synply und ehemaliger Geschäftsführer der Kredit-Syndizierung bei Live Oak Bank, hob die Fähigkeit der Plattform hervor, kritische Bedürfnisse im Kredit-Syndizierungsprozess zu adressieren.
Die Synply-Plattform zielt darauf ab, End-to-End-Effizienz zu bieten, indem sie den teilnehmenden Banken ermöglicht, den gesamten Prozess der Kredit-Syndizierung von der Ursprungsphase bis zur Bearbeitung auf einer einzigen Plattform zu verwalten.
- Investment in Synply Inc. expands Live Oak Ventures' fintech portfolio
- Synply platform offers potential for improved efficiency in loan syndication processes
- Synply's end-to-end solution may attract more banks to use the platform
- None.
Insights
The investment by Live Oak Ventures in Synply Inc. represents a strategic move in the fintech space, particularly in loan syndication technology. This development could potentially enhance Live Oak Bancshares' competitive edge in the banking sector.
Synply's platform addresses a significant pain point in the industry by streamlining the loan syndication process. By centralizing and simplifying this complex procedure, Synply could attract considerable interest from banks looking to improve efficiency and reduce operational costs.
However, the financial details of the investment are not disclosed, making it challenging to assess the immediate impact on Live Oak Bancshares' financials. The long-term value proposition lies in the potential for Synply to disrupt the loan syndication market and possibly generate additional revenue streams for Live Oak through its investment arm.
Investors should monitor how quickly Synply gains traction among banks and whether it can translate into meaningful returns for Live Oak Ventures. While promising, the success of this investment will depend on Synply's ability to scale and compete in a market that may see increased attention from other fintech players.
WILMINGTON, N.C., Oct. 21, 2024 (GLOBE NEWSWIRE) -- Live Oak Ventures, the investment arm of Live Oak Bancshares, Inc., has announced an investment in Synply Inc., a cloud-based technology company dedicated to transforming the loan syndication process for banks.
“Live Oak’s entrepreneurial environment is fertile ground for new and exciting companies like Synply to enter the fintech landscape,” said Stephanie Mann, Live Oak Bank Chief Strategy Officer. “After incubating the Synply platform at Live Oak, we are excited to see the company level the playing field for all banks to compete in the syndicated loan space.”
Synply offers banks a simplified tool to centralize the entire process of syndicated lending and portfolio management.
“We built Synply because we saw a critical need for a modern and intuitive platform specifically designed for the loan syndication process,” said Corbin Penland, CEO of Synply and former managing director of loan syndications at Live Oak Bank. “Our team of experienced bankers understands the pain points associated with current tools and workflows. Synply empowers banks to focus on building relationships and growing their business, not managing cumbersome processes.”
The Synply platform offers end-to-end efficiency by allowing all banks participating in a loan to manage the entire loan syndication process, from origination to servicing, all within one platform.
About Live Oak Ventures
Live Oak Ventures, a wholly owned subsidiary of Live Oak Bancshares (NYSE: LOB), is a fintech-focused investor that aims to bring innovation and performance excellence to the forefront of the banking industry. By investing in companies that accelerate the delivery of open digital solutions to the market, Live Oak Ventures intends to change the landscape of financial services and small business banking.
About Synply
Synply is a cloud-based technology company dedicated to transforming the loan syndication process for banks. Developed by experienced bankers and incubated within Live Oak Bank, a leading industry player, Synply offers a comprehensive and user-friendly platform that empowers banks to easily navigate the complexities of loan syndication.
Contact:
Claire Parker
Live Oak Bank, SVP Corporate Communications
910.597.1592
claire.parker@liveoak.bank
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