LoanStar Technologies

LoanStar Technologies is a financial technology company based in Swarthmore, Pennsylvania, founded in 2015 by Andy Turner and Craig Haynes. The company specializes in embedded lending programs and point-of-sale financing through its core platform, MerchantLinQ. LoanStar enables lenders, such as credit unions and banks, as well as merchants, to enhance their brands and drive growth by integrating lending solutions into their existing systems.

The MerchantLinQ platform offers customizable lending products, facilitating instant financing at the point of sale. LoanStar initially focused on home improvement lending but has since expanded to support various loan origination strategies. The company has experienced significant growth, achieving 100% year-over-year expansion since its inception, with nearly $10 million in revenue for 2023 and a goal to double that in 2024. LoanStar serves over 70 lender clients and maintains approximately 8,000 merchant relationships, emphasizing customer success and technology enhancements.