Lokyata

Financial ServicesOhio, United States2-10 Employees

Lokyata is a financial technology company based in Cleveland, Ohio, specializing in lead-to-loan decisioning for consumer installment lenders and other lenders where traditional credit scores fall short. The company aims to apply responsible AI to expand credit access while enhancing lender performance. Its configurable platform supports the entire process from lead acquisition to loan decision, combining modules for lead buying, AI-enabled identity and fraud checks, and cashflow-based decisioning within its XRV3 framework, with integrations to lead providers, credit bureaus, loan management systems, and verification services.

Lokyata targets lenders handling small-dollar or other credit products needing alternatives to traditional scoring, aiming to increase throughput, reduce first payment defaults, and improve loan ROI with transparency and control. In December 2022, EvaBank partnered with Lokyata to automate and streamline its loan-decisioning processes and expand borrower access.

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