Location: Charlotte, NC
Investment Year: 2014
PrecisionLender is a provider of a hosted solution that helps banks optimize loan pricing, profitability and portfolio construction. PrecisionLender assists loan officers in developing real-time solutions to more effectively manage the bank’s commercial loan pricing strategies and process.
Century Investment Thesis
There is a substantial greenfield opportunity in the commercial loan pricing segment, as the vast majority of financial institutions rely on either word of mouth or internally built excel spreadsheets to price commercial loans.
Century Value Add
- Introductions to lending financial institutions
- Marketing plan formulation
- Access to non-traditional distribution channels