Janover

Janover Inc. is an AI-enabled B2B fintech marketplace connecting commercial property borrowers and lenders. The company operates an online platform that leverages technology to facilitate commercial mortgage lending for refinancing, building, or purchasing properties such as apartment buildings. Janover's platform caters to borrowers including owners, operators, developers of commercial real estate like multi-family properties, and small business owners. On the lending side, the platform connects with various entities such as small banks, credit unions, REITs, Fannie Mae and Freddie Mac multi-family lenders, FHA multi-family lenders, debt funds, CMBS lenders, and SBA lenders.

Janover employs generative AI applications designed to engage lenders nationwide and collect unique credit terms and data from commercial loan originators. The AI aids in streamlining processes like borrower qualification, document collection, and enhancing the overall customer experience. In the third quarter of 2023, Janover reported a 133% increase in first-party data updates from lenders compared to the previous quarter, attributed to the AI implementation.

By the end of 2023, Janover achieved substantial market penetration, with its platform accounting for 30% of all active FDIC-insured banks, approximately 11% of all active FDIC-insured banks by a verified banker, and over 6% of all active NCUA-insured credit unions. The company witnessed impressive growth in 2023, with a 766% increase in banking originator sign-ups, a 647% rise in credit union originator sign-ups, and a 445% boost in the 'other' category, including debt funds, private groups, life insurance companies, family offices, and REITs.

In November 2023, Janover acquired Groundbreaker Technologies, a profitable SaaS platform for commercial property professionals to raise equity capital and manage investors. This acquisition aimed to establish a comprehensive marketplace for commercial real estate, transitioning nearly 15% of Janover's revenue to recurring subscription software revenue.