Koi is building the Nasdaq for debt—an efficient marketplace where banks and other financial institutions can seamlessly buy and sell loans. We’re transforming lending to empower borrowers and businesses with the capital access they need to build resilient financial futures for themselves and their communities.
We’re starting with a specific type of loan called CRA (Community Reinvestment Act) loans. CRA loans support low- and moderate-income communities, and every U.S. bank is required by law to either offer or purchase these loans to ensure underserved communities have access to capital.
Today, the process of buying and selling CRA loans is inefficient and fragmented. Koi simplifies this with a platform where banks can quickly find and buy the loans they need, or sell loans they already hold. When banks buy loans, they’re providing funding for new loans that directly benefits underserved communities. Put another way, loan sales free up capital for sellers—creating liquidity that allows them to make new loans and drive economic growth.
While we’re starting with the $600B CRA loan market, growing liquidity and powering more lending, Koi’s vision reaches far beyond. Our future is in all lending markets—evolving from a marketplace to a movement, fueling economic growth, and building a more equitable financial system.
No
Seed
$3M
Nov 2024
Yes
