Bernard Worthy, Co-Founder and CEO/CTO of LoanWell, brings proven success in management, sales, and executive talent acquisition. Bernard has a strong design and software engineering products background ranging from Fortune 100 companies like Forbes and Visa to cutting-edge organizations like Moogfest. He has designed and engineered mobile, web, and virtual reality applications for thousands of users. He has lend and been apart of multiple startups over the last six years.
Justin Straight, Co-Founder and COO of LoanWell, is concurrently the COO of Thriving Cities Group. Justin has 18 years of progressive business development, finance, and operations experience across the private and multinational sectors. Justin brings a strong management and financial background to the team, including extensive experience in micro-economic development managing and starting private sector microfinance banks in Republic of Congo, Democratic Republic of Congo, Haiti, Peru, and the Dominican Republic.
LoanWell is an automated loan origination and portfolio management solution for community lenders — banks, credit unions, CDFIs, loan funds, and foundations. They've built the "Squarespace for Lenders", a white labelled platform with end-to-end functionality for application intake, origination, task management, underwriting, closing, servicing, and reporting. LoanWell automates the back office so the community lenders can do what they do best — fund our local small businesses and economies. Bernard and Justin launched LoanWell with a mission to help increase access to capital for those typically left out of the financial system and improve access to affordable capital for the small businesses that power our local and national economies. LoanWell is not only on mission but is also well positioned in a growing market. Small business lending is soaring in 2019 and small banks are approving almost twice as many loans as big banks (Forbes: Small Business Lending Soars at Banks; Technology Is A Big Reason Why). This is largely due to growing partnerships between banks and FinTechs, like LoanWell. The intersection of the largest internal pain point and greatest need for outside services is with small banks and community lenders as they do not have the tech teams or data scientists to compete with the bigger banks. LoanWell is happy to serve these community lenders with an end-to-end software solution that will put them ahead of their peers and competitive with bigger banks.