Janover announces lender growth on fintech marketplace

Janover announced unprecedented growth in its lender engagement metrics. In July 2023, Janover launched its generative AI application designed to directly engage commercial property lenders nationwide and to provide them with support with onboarding, demo setup, and collecting unique credit terms and data from the commercial loan originators that work at those institutions. The AI application provides instantaneous and world-class customer service, 24/7/365. It does so via email, text, chat, and voice interaction, supporting complicated B2B transactions, while exhibiting empathy and creativity in sales and service. This innovative tool is another example of Janover’s commitment to utilizing cutting-edge technology, while maintaining its personalized, human-centric approach to its business. Following the AI implementation, over the last quarter, the Company more than doubled the number of unique credit box updates, which is a key metric the Company uses to gauge first-party data provided by lenders on the loans they are originating and, in the sales pipeline, as well as terms and structure. The AI significantly aided in achieving a 133% increase in first-party data updates compared to the Company’s second quarter. In terms of marketplace activity during the quarter ended September 30, 2023, the Company saw a 24% sequential increase in originator sign-ups on the Janover platform, compared to the previous quarter. Importantly, approximately 9% of all banks in the United States have now registered on the Company’s platform.