Northteq

What Northteq does

Northteq is a privately held B2B software company headquartered in Minneapolis, Minnesota, that builds Salesforce-native loan origination software for the equipment finance industry. Its flagship platform, Aurôra (Aurora), consists of three core products: Aurora LOS, an end-to-end loan origination system that automates application intake, credit scoring, decisioning, documentation, and funding; Aurora Partner Portal, which gives vendors, brokers, and dealers self-service access to credit tools and quote generation; and Aurora Intake, a borrower-facing customer portal for digital loan and lease applications. The company also offers more than 20 modular Salesforce AppExchange add-ons covering credit bureau integration, fraud prevention, UCC filings, document processing, tax rules, and identity verification.

The platform is built natively on Salesforce using Apex, Lightning Web Components, SOQL, and Salesforce DX, with API-enabled integrations to a broad partner ecosystem that includes Equifax, Experian, TransUnion, PayNet, D&B, LexisNexis, Middesk, Plaid, Ocrolus, Truepic, Wolters Kluwer, CSC, Ekata, FICO, DocuSign, Mastercard Identity, and CLEAR. AI and machine learning capabilities are delivered through Aurora IDP (Intelligent Document Processing) and partner integrations, supporting automated document extraction, anomaly detection, and adaptive credit application experiences.

Northteq generates revenue primarily through recurring SaaS subscriptions for the Aurora LOS platform and modular AppExchange apps, supplemented by professional services for implementation, configuration, and integration. Pricing is custom and quote-based with annual billing. The company goes to market via direct enterprise field sales and Salesforce AppExchange distribution, targeting banks, independent equipment finance companies, and captive finance lenders. As of 2025, Northteq reported powering operations for more than 175 equipment finance companies, with significant representation in industry rankings (30% of Monitor Bank 50, 25% of Monitor 100, 55% of Monitor Vendor 40, 50% of Monitor Independent 30). The company is primarily owned by Arthur Ventures, a Minneapolis-based growth equity firm, following a strategic investment in late 2023.

Name

Northteq

Legal name

Northteq, LLC.

Website

https://northteq.com

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

11–50 employees

Short description

Northteq is a Minneapolis-based B2B software company that builds Salesforce-native loan origination and partner portal software, branded as Aurora, for equipment finance lenders. Its platform automates application intake, credit decisioning, documentation, funding, syndication, and document processing for over 175 lender clients.

Ownership category

akta.pro rank

Product category

Loan Origination Software

NAICS

Activities Related to Credit Intermediation (5223), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518210)

SIC

Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

Loan Origination Platforms (LOS) & Digital Application Journeys (FSAGAHAA)

akta.pro secondary industry

Risk, Compliance & Controls for Embedded Finance (KYB/KYC/AML, Fraud, Disputes) (FSAGALAK)

Keywords

• Equipment finance software
• Loan origination system
• Salesforce-native lending platform
• Commercial lending automation
• Credit decisioning software

Headquarters

HQ city

Minneapolis

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations

Revenue model

1. SaaS Subscription (Aurora LOS Platform): Aurora loan origination system sold as a subscription to equipment finance lenders. Pricing based on platform access, likely per-lender or tiered based on volume/features. As a Salesforce-native SaaS platform, revenue is recurring subscription-based.
2. Salesforce App Subscriptions: Individual Salesforce AppExchange apps (e.g., TValue Direct, Middesk Direct, Credit Bureau Direct) sold as add-on subscriptions. Lenders pay for specific integrations needed.
3. Professional Services: Implementation and consulting services for Aurora platform deployment, configuration, and integration with existing systems.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels7 records

Core offering

Northteq builds and sells Aurora, a Salesforce-native loan origination platform for equipment finance lenders. The platform automates end-to-end deal workflows — from application intake and credit decisioning through documentation, funding, syndication, and booking — and includes vendor/broker/borrower portals plus 25+ Salesforce AppExchange apps for credit, fraud, and compliance.

Product overview

Northteq offers a platform-plus-modules product architecture centered around Aurora, a comprehensive Salesforce-based loan origination system and portal built for equipment finance lenders. The Aurora platform consists of three core products: Aurora LOS (Loan Origination System) providing end-to-end origination, scoring, decisioning, and documentation; Aurora Partner Portal enabling vendors, brokers, and partners with self-service tools; and Aurora Intake (Customer Portal) providing borrower-facing digital lending experiences. Additional Aurora modules include IDP (Intelligent Document Processing) for AI-powered document extraction, Aurora Apply for intelligent adaptive applications, Aurora Identity Reports for embedded background verification, and Aurora Syndicate for automated syndication workflows. Northteq also offers over 20 Salesforce AppExchange apps as modular add-ons covering credit reporting, fraud prevention, document processing, compliance, and banking integrations. All products integrate natively with Salesforce and support API-based third-party data provider connections.

Differentiator

Problem solved

Functional benefit

Brands

• Aurôra (Aurora): Northteq's flagship automated loan origination system (LOS) and vendor/customer portal built on Salesforce, enabling lenders to originate leases and loans from application to funding in minutes.

Products and services

• Aurora LOS (Loan Origination System) Automated end-to-end Salesforce-native loan origination system for equipment finance lenders that eliminates manual processes and disconnected workflows. Enables origination, scoring, decisioning, and documentation of deals in minutes, with quote generation, application processing, credit review, document generation, funding management, and booking integration with core banking systems.
• Aurora Partner Portal Intuitive partner portal that seamlessly integrates with existing LOS, giving complete control over capabilities shared with vendors, brokers, and partners. Features self-service credit and documentation, OCR application creation, real-time notifications, and embedded finance capabilities.
• Aurora Intake (Customer Portal) Customer-facing portal for capturing loan and lease applications that integrates directly with Aurora LOS and the partner portal. Provides a branded digital lending experience for borrowers to manage payments, payoffs, contracts, buyout requests, and applications from any device, with AI-powered authentication and multiple submission methods.
• Aurora IDP (Intelligent Document Processing) AI-powered document processing solution that automatically extracts and verifies data from invoices, credit applications, and supporting documents. Enables lenders to process 4-5x more applications with existing teams through multi-channel intake, intelligent matching, and side-by-side comparison views for credit analysts.
• Aurora Apply Intelligent application experience that adapts to each borrower's industry, business size, and financing needs. Delivers dynamic credit applications with real-time fraud prevention and integrated workflows that trigger credit, compliance, and syndication processes automatically.
• Aurora Identity Reports Embedded background verification that brings comprehensive borrower validation directly into the loan origination workflow through CLEAR integration. Enables equipment finance lenders to run borrower background checks in minutes while eliminating manual data entry and strengthening fraud prevention.
• Aurora Syndicate Automated syndication workflow platform that enables lenders to streamline decisions, optimize pricing based on syndication partners, and automate secure data transfers via API. Includes a dedicated Lender Portal for real-time deal tracking and partner collaboration.
• OFAC Direct Salesforce AppExchange app enabling OFAC KYC compliance by automatically or manually pulling OFAC Specially Designated Nationals (SDN) searches from lead, account, and contact objects. Searches both SDN and Non-SDN Sanctions List with active account and contact monitoring.
• Scorecard Direct Custom credit scorecards using any field captured in Salesforce. Can run automatically or manually via button click, is 100% configurable based on credit policy, and blends consumer credit, business credit, and application data.
• Syndication Direct Salesforce AppExchange app that submits deals to funding sources with a click. Features custom mapping, manages all approvals and conditions, automates syndication with a single button click, and returns immediate approvals or declines.
• Tax Rules Direct Salesforce AppExchange app that applies configurable tax rules within Salesforce.
• TValue Direct Salesforce AppExchange app delivering quick, accurate quotes to customers and vendors. Fully integrated Salesforce solution for pricing, evaluating, managing, and closing deals. Supports buy and sell rates, residuals, buyouts, and payment terms with PDF and scanned document upload capability.
• Middesk Direct Salesforce AppExchange app that automatically verifies identity of any customer, allowing lenders to fully automate their loan origination process. Automates Secretary of State lookups, validates entity names, business formation dates, and tax IDs.
• Plaid Direct Salesforce AppExchange app providing clean, context-rich bank transaction data. Views bank and credit card statement details within Salesforce, validates routing and ACH, formats asset reports for analysis, and integrates with Stripe for payment processing.
• Truepic Direct Salesforce AppExchange app providing automated site inspection through authenticated photos and videos. Enables self-service equipment verification, detects fraud, verifies location and equipment condition, reduces inspection costs, and accelerates deal funding.
• PayNet Direct Salesforce AppExchange app embedding automation, efficiency, and precision into the lending process with company credit assessment data. Pulls PayNet Credit History Report in Salesforce (PDF or HTML), supports multiple data points in scorecards and workflows, and includes PayNet Canada.

Quantifiable outcome

• Lenders can handle 4-5x more applications with existing teams
• +5 more outcomes

Named customers24 records

Segments1 record

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration23 records

AI capability8 records

Feature6 records

Partnerships

18 partnerships are on record, tiered core.

• TValue (TimeValue)coreTechnology or IntegrationTValue Direct integration enables quick, accurate quotes for customers and vendors within Salesforce. Allows pricing, evaluation, and deal management directly in the platform.
• MiddeskcoreTechnology or IntegrationMiddesk Direct automates Secretary of State lookups and business identity verification within Salesforce. Enables lenders to automate KYC data validations and improve auto-approval rates.
• PlaidcoreTechnology or IntegrationPlaid Direct provides bank and credit card transaction data within Salesforce for income validation, bank info verification, and payment integration.
• OcroluscoreTechnology or IntegrationOcrolus Direct enables document upload and machine learning-based data extraction from bank statements and IDs within Salesforce. Classifies, captures, and analyzes financial data while detecting fraudulent documents.
• TruepiccoreTechnology or IntegrationTruepic Direct provides automated site inspection through authenticated photos and videos. Enables self-service equipment verification reducing inspection costs while accelerating deal funding.
• PayNetcoreTechnology or IntegrationPayNet Direct embeds business credit assessment data and credit history reports directly in Salesforce. Supports both US and Canada PayNet products.
• Dun & Bradstreet (D&B)coreTechnology or IntegrationD&B Direct pulls D&B Credit Reports directly into Salesforce for business credit evaluation.
• EquifaxcoreTechnology or IntegrationEquifax Business integration provides comprehensive company profiles, business credit data, trade payment history, and financial information within Salesforce.
• LexisNexiscoreTechnology or IntegrationLexisNexis Accurint Direct provides consumer credit reports and background checks. RiskView Direct provides additional borrower information for risk assessment. Both integrate within Salesforce.
• ExperiancoreTechnology or IntegrationCredit Bureau Direct supports Experian consumer credit reports including soft or hard pull requests with multiple report output formats.
• TransUnioncoreTechnology or IntegrationCredit Bureau Direct supports TransUnion consumer credit reports including soft or hard pull requests within Salesforce.
• Wolters KluwercoreTechnology or IntegrationWolters Kluwer Direct integration enables UCC search, filing, updating, uploading, and perfecting UCCs within Aurora LOS.
• CSCcoreTechnology or IntegrationCSC Direct enables UCC searches, UCC1 filings, uploads, and perfection within Salesforce through CSC's UCC services.
• EkatacoreTechnology or IntegrationEkata Direct provides identity verification tools and fraud mitigation within Salesforce. Validates credit decisioning models and identifies red flags in underwriting.
• PreciselycoreTechnology or IntegrationSales & Use Tax Direct integration provides real-time sales and use tax rate requests within Salesforce based on equipment or borrower address.
• FICOcoreTechnology or IntegrationIntegration with FICO Liquid Credit for SBSS (Small Business Scoring Service) score within Salesforce.
• DocuSigncoreTechnology or IntegrationAurora LOS supports DocuSign for e-signature functionality across document workflows. Elevex Capital specifically integrated DocuSign as part of their launch.
• Mastercard IdentitycoreTechnology or IntegrationIdentity verification integration for borrower authentication and fraud prevention.

Scale indicators7 records

Recent moves7 records

Expansion highlights6 records

Others

• Numerix: Numerix provides analytics and risk management software for financial institutions, particularly in capital markets and lending. It is thematically related to Northteq's risk and analytics integrations but does not directly compete in equipment finance LOS.
• Ocrolus: Ocrolus is an AI-powered document automation and analysis platform for lenders, used by Northteq as a partner integration for bank statement and ID analysis. It is an ecosystem participant rather than direct competitor, though it could theoretically expand into broader LOS capabilities.

Broad incumbents

• Abrigo: Abrigo provides credit risk management, loan origination, and compliance solutions to community banks and credit unions. It is a broader commercial lending incumbent that overlaps with Northteq in commercial loan origination workflows but targets a different customer base.
• Baker Hill: Baker Hill is a commercial lending software provider offering loan origination, risk management, and portfolio analytics for banks and credit unions. It competes broadly in commercial lending LOS but is not Salesforce-native or specialized in equipment finance.
• nCino: nCino is a leading cloud-based bank operating system built on Salesforce that provides commercial and consumer loan origination, account opening, and onboarding. It is a broader incumbent serving commercial banking more generally, with Northteq being a deeper specialist within equipment finance on the same Salesforce platform.
• Sageworks (Abrigo): Sageworks (now part of Abrigo) provides commercial lending and credit risk management software to banks and lenders. It is an incumbent commercial lending platform with overlapping origination and analytics capabilities.
• Temenos: Temenos is a global banking software platform offering core banking, lending, and digital channels. It represents a broad incumbent in commercial lending that could serve equipment finance lenders with end-to-end capabilities.
• Finastra: Finastra is a large global financial software provider offering a broad suite of lending, treasury, and capital markets solutions. It represents a broad incumbent with commercial lending capabilities that compete indirectly with Northteq in serving larger equipment finance lenders.

Direct peers

• LeaseWave: LeaseWave (by Odessa) is a comprehensive lease and loan management platform purpose-built for the equipment finance industry, including origination, portfolio management, and servicing. It directly competes with Northteq in equipment finance LOS and is explicitly listed as an integration partner of Aurora's Partner Portal.
• Aspire Technologies: Aspire provides business management software specifically designed for the equipment finance industry, including origination, portfolio management, and workflow automation. It directly competes with Northteq in equipment finance LOS and is listed as a Partner Portal integration target.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks1 record

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCVeXjara9-XscSgO9sjr44w?view_as=subscriber
• LinkedInlinkedin.com/company/northteq
• Xx.com/northteqinc
• Facebookfacebook.com/northteqinc

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Northteq