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Laurel Road Wins Two 2019 FinTech Breakthrough Awards in Annual Recognition Program

Press Release

Published April 02, 2019

NEW YORK, April 2, 2019 – Laurel Road, an online lender and FDIC-insured bank, today announced that it has been selected as winner of the “Best Consumer Lending Company” and “Best Overall LendTech Company” awards by FinTech Breakthrough, an independent organization that recognizes the top companies, technologies and products in the global FinTech market today.

The FinTech Breakthrough Awards is the premier awards program founded to recognize the FinTech innovators, leaders and visionaries from around the world in a range of categories, including Banking, Personal Finance, Lending, Payments, Investments, RegTech, InsurTech and many more. The 2019 FinTech Breakthrough Award program attracted more than 3,500 nominations from across the globe.

“Laurel Road has created a unique position within the fintech market, with strong community-centric roots as a trusted, FDIC-insured bank that also delivers the advanced technological functions and personalization of a fintech,” said James Johnson, Managing Director, FinTech Breakthrough. “By providing personalized products with a customized, one-on-one approach to lending, backed with a digitally-driven lending platform, Laurel Road is a shining example of a breakthrough company in the consumer lending space. Congratulations to the entire Laurel Road team on their well-deserved 2019 FinTech Breakthrough Awards.”

“We are incredibly honored to be recognized again this year for the strides we’ve made in elevating the customer refinancing across student loans, personal loans and mortgages.” said Alyssa Schaefer, CMO and Head of Product Experience at Laurel Road. “As we begin the integration of our lending business with KeyBank, we’re excited to see our continued positive impact on our customers’ financial futures.”

Laurel Road has helped thousands of professionals consolidate and refinance their federal and private student loans. Since launching student loan refinancing in 2013, Laurel Road has totaled more than $4 billion in loan originations. Building on the success of the student loan refinancing platform and personal loan products, Laurel Road launched the digital mortgage product in mid-2018, providing financial offerings for millennials that reach beyond the student loan space and use the same secure lending technology.

About Laurel Road

Laurel Road is a national online lending company and FDIC-insured bank, offering online student loan refinancing, personal lending and mortgage products as well as consumer and commercial banking services. Laurel Road began originating student loans in 2013 and has since helped thousands of professionals with graduate and undergraduate degrees to refinance and consolidate more than $4 billion in federal and private school loans. With our low rates, borrowers have reduced their monthly payments and on average saved tens of thousands of dollars. For more information on potential savings, see laurelroad.com/student. Laurel Road Bank is a Connecticut chartered bank offering lending products in all 50 U.S. states, Washington, D.C. and Puerto Rico. The mortgage product is not offered in Puerto Rico. Laurel Road Bank is an Equal Housing Lender, Member FDIC. NMLS ID # 402942.]

About FinTech Breakthrough
Part of Tech Breakthrough, a leading market intelligence and recognition platform for technology innovation and leadership, the FinTech Breakthrough Awards program is devoted to honoring excellence in Financial Technologies and Services companies and products. The FinTech Breakthrough Awards provide public recognition for the achievements of FinTech companies and products in categories including Payments, Personal Finance, Wealth Management, Fraud Protection, Banking, Lending, RegTech, InsurTech and more. For more information visit FinTechBreakthrough.com.