Lender Compliance Technologies, a Dallas, TX-based company that specializes in compliance solutions for automotive, RV, marine, and powersports lenders, raised $4.15m in Series A funding.
The round was led by a team of seasoned software entrepreneurs and joined by Automotive Ventures and Driven Capital Partners.
The company intends to use the funds for the ongoing development of its technology solutions to help lenders mitigate regulatory risks.
Led by Glenn Munro, President, Lender Compliance Technologies develops digital solutions to help lenders mitigate regulatory risks. This announcement follows the launch of LCT’s Refund Control™, a lender-controlled compliance solution for F&I product cancellations and refunds. Refund Control is currently in the pre-sales phase, with official U.S. rollout scheduled in just a few short weeks.