Janover Inc JNVR announced it achieved significant year-over-year growth in lenders on its fintech platform in 2023, providing borrowers access to a wide range of competitive lending products.
In 2023, Janover noted a 766% growth in bank originator enrollments, 647% increase in credit union originator enrollments and 445% increase in enrollments in the “other” category, including debt funds, private groups, life insurance companies, family offices and REITs.
Reflecting its strong market presence, Janover has achieved substantial penetration based on active FDIC commercial banking data and NCUA data as of December 31, 2023.
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Janover’s platform represented 30% of all active banks insured by the FDIC, approximately 11% of all active banks insured by the FDIC by a verified banker, and more than 6% of all active credit unions insured by the NCUA were on the platform.
Janover President and CEO Blake Janover said, “Notable partners include Ameris Bank, Bank OZK, TD Bank and Zions Bank, among others. We have seen impressive growth in the number of unique lenders we have concluded deals with since 2019, a testament to our expanding market presence and commitment to platform development.”
“Our AI-enabled platform enables faster and smarter business transactions. Additionally, our suite of commercial real estate, small business and other lending products makes it easy to source, evaluate and close the right opportunities, resulting in better outcomes for everyone.”
Price Action: JNVR shares closed 4.46% lower at $1.07 on Tuesday.
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