Lendiron Group

About Lendiron Group

Established in 2020, Lendiron Group Oy is a Finnish software company operating from Helsinki with a focus on financial technology. The company is helmed by CEO Mikael Juhani Kylätie, a serial entrepreneur with two decades of experience in venture capital, private equity, and executive management. Kylätie's background reflects the company's mission to empower non-lending businesses to become fintech providers by solving complex problems through software automation.

Lendiron operates on a business-to-business (B2B) model, providing a white-label, cloud-based software platform for the financial sector. Its clientele includes banks, finance companies, merchants, and service providers. The company enables these clients to offer their own branded financing solutions, particularly in the growing "Buy Now, Pay Later" (BNPL) market. Revenue is generated by providing this modular software-as-a-service (SaaS) platform, which allows clients to select only the components they need.

The core offering is a comprehensive lending engine that manages the entire loan lifecycle, from customer acquisition and automated credit decisions to billing and soft collections. This platform is designed to be highly scalable and adaptable, integrating with third-party services like credit rating agencies through a REST API. Key features include a reliable invoicing module with single and recurring billing, accounts receivable tracking, and integrations with accounting and banking systems. By providing this end-to-end system, Lendiron allows merchants to retain control over the customer relationship and offers financing partners a way to increase approval rates, ultimately aiming to reduce IT costs for its clients by up to 40%.