CINCINNATI (3/1/13)--LendKey (formerly Fynanz), a cloud-based lending-technology company in New York City, has opened a second office in the suburbs of Cincinnati, which will include a credit union support center. LendKey is a CUNA Strategic Services provider.
"We've experienced tremendous growth and have outgrown our current space in New York City," said Vince Passione, LendKey CEO. "This growth has provided an opportunity to put in place a LendKey controlled data backup and redundancy plan by transitioning a portion of our business to Ohio and helping to ensure quality for our 235 lending partners that we service."
LendKey will continue to use its Manhattan office for its management, sales, marketing and technology operations. The Ohio location will focus on the financial operations of LendKey's core-lending services, including borrower loan servicing and financial control, and a new introduction of a credit union support services center to provide ongoing support for its 235 credit union lending partners.
LendKey, which previously operated with 50 employees, expects to create more than 70 new jobs in the next three years through its Ohio-based operations. It was recently awarded a payroll tax credit for its commitment to create jobs in the state.