What Onyx IQ does

Onyx IQ is a privately held SaaS digital lending platform founded in 2017 by Jay Keller, who previously operated Wall Street Funding. The company sells an end-to-end loan management system purpose-built for alternative and merchant cash advance (MCA) lenders, with a stated extension into regulated commercial lending. The platform unifies origination, underwriting, funding, servicing, collections, syndication, and reporting on a single data model so that a deal created at intake carries through the entire lending lifecycle without re-entry. Underlying technology is cloud-based on AWS with dual-state redundancy, includes no-code rule-based underwriting scorecards, two-way email intake with OCR-driven document parsing, automated state disclosures (NY, CA, UT, VA, and others), syndication management with a real-time syndicator portal, and an integrated ACH command center backed by five ACH processors with built-in failover. SOC 2 Type II, CCPA, and GDPR compliance, combined with a full audit trail, position the platform for institutional and regulated lender customers.

The business model is subscription-based SaaS sold through an enterprise field sales motion with quote-based, non-public pricing and annual billing cadence. Distribution is exclusively direct via the website's 'Book a Demo' flow, and standard implementation is reportedly two weeks. The customer base of 40+ direct funders is concentrated in alternative lending and MCA, including Kick, Simply, Instafunding, Capify, Blackbridge, Clavoie Capital, Trulo, SF Cap, Nationwide Capital, Wise Advances, Green Bridge, Lednly, Recoverx, Tekfi, and Liquify Funding. SignIQ is offered as a natively integrated e-signature sub-brand. No funding rounds, acquisitions, or institutional investors are disclosed in the source material; the company appears founder-owned and operates with a small team of 1-10 employees from New York.

Name

Onyx IQ

Legal name

Onyx IQ

Website

https://onyxiq.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

1–10 employees

Short description

Onyx IQ is a SaaS digital lending platform that automates the full loan lifecycle — origination, underwriting, funding, servicing, syndication, and collections — for alternative and MCA lenders, with a single unified data model and pre-built integrations.

Ownership category

akta.pro rank

Headquarters

HQ city

Melville

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, Infrastructure, Marketing or Sales, Operations

Revenue model

1. SaaS Platform Subscription: Onyx IQ operates as a SaaS lending platform with subscription-based pricing for its loan management software. The platform provides end-to-end loan management capabilities including origination, underwriting, funding, servicing, collections, and reporting.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Onyx IQ sells a cloud-based, end-to-end digital lending platform that automates the entire loan lifecycle for alternative (MCA) and commercial lenders, from intake and underwriting through funding, servicing, collections, and reporting. It is delivered as a SaaS subscription with a single unified data model, no-code configurable credit scorecards, automated state disclosures, multi-ACH processor integration with failover, syndication management, and natively integrated e-signature via the SignIQ sub-brand.

Product overview

Onyx IQ is a full-cycle, end-to-end lending platform built as a single unified system with interconnected modules. The core Onyx IQ Platform serves as the central operating system, connected to specialized modules for Origination, Portfolio Management, Syndication, and Servicing & Collections. The platform also includes two vertical-specific solutions: the MCA Platform for high-volume Merchant Cash Advance lenders and the Commercial Loans Platform for banks and regulated commercial lenders. SignIQ provides natively integrated e-signature capabilities. All modules share a single data model, ensuring deal records flow seamlessly from intake through underwriting, funding, servicing, and collections without data re-entry.

Differentiator

Problem solved

Functional benefit

Brands

• SignIQ: Natively integrated e-sign software for loan agreements and document workflows.

Products and services

• Onyx IQ Platform The core all-in-one digital lending platform that automates the entire lending operation from application to final collection, serving as the central system connecting origination, underwriting, funding, servicing, collections, and reporting modules for alternative and commercial lenders.
• SignIQ Natively integrated e-signature software sub-brand for collecting merchant signatures directly inside the Onyx IQ platform, keeping signed agreements tied to deal records rather than separate tools.
• MCA Platform Vertical-specific solution for high-volume Merchant Cash Advance (MCA) and alternative lenders, featuring intelligent automation for turning submissions into decisions in minutes, broker-driven pipeline management, and daily/weekly remits.
• Commercial Loans Platform Vertical-specific solution for term-based commercial lenders, banks, SBA lenders, mortgage providers, and equipment finance companies, supporting standardized credit policy across products with audit-ready reporting.
• Onyx IQ Scorecards No-code automated underwriting scorecard engine that enforces credit policy on every deal with configurable FICO floors, industry rules, deposit minimums, and time-in-business thresholds, applying the same rules consistently before an underwriter opens the file.
• Automated State Disclosures Automated compliance module that generates state-specific commercial financing disclosures at the funding event (NY, CA, UT, VA, MS) and attaches signed copies with timestamps to the deal record.

Quantifiable outcome

• 5X more loans funded with the same team
• +3 more outcomes

Named customers20 records

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration14 records

AI capability5 records

Feature10 records

Partnerships

13 partnerships are on record, tiered core and supporting.

• DecisionLogiccoreTechnology or IntegrationPrebuilt integration with DecisionLogic for credit verification and bank data services. Part of the 12+ pre-integrated tools that Onyx IQ connects with out of the box.
• Actum ProcessingcoreTechnology or IntegrationACH payment processing integration. One of five ACH processors integrated into the platform with built-in failover capability.
• PlaidcoreTechnology or IntegrationBank data provider integration enabling access to bank account information for underwriting and verification purposes.
• ACH WorkscoreTechnology or IntegrationACH payment processing integration. One of five ACH processors integrated into the platform with built-in failover capability.
• TwiliosupportingTechnology or IntegrationCommunication integration enabling automated merchant communications and notifications within the platform.
• SalesforcesupportingTechnology or IntegrationCRM integration allowing synchronization with Salesforce for customer relationship management.
• ExperiancoreTechnology or IntegrationCredit bureau integration providing personal credit data for underwriting scorecards and credit decisioning.
• Wells FargocoreTechnology or IntegrationBanking API integration. One of five ACH processors integrated into the platform with built-in failover capability.
• TR CLEARsupportingTechnology or IntegrationBackground check and verification service integration for due diligence processes.
• DocuSigncoreTechnology or IntegrationE-signature integration for agreement workflows. Keeps signed agreements tied to the deal record instead of in separate tools.
• SendGridsupportingTechnology or IntegrationEmail integration supporting the platform's two-way email intake workflow for ISO/broker submissions.
• MoneyThumbsupportingTechnology or IntegrationDocument processing and OCR integration for extracting data from bank statements and financial documents.
• AWS (Amazon Web Services)coreTechnology or IntegrationCloud infrastructure provider. Platform runs on AWS with dual-state redundancy across two states for infrastructure resilience and uptime.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Finastra: Finastra provides a broad portfolio of banking and lending software, including loan origination for commercial, retail, and SMB lenders. It competes for the same regulated commercial lending customers Onyx IQ targets.
• Moody's Analytics: Moody's Analytics provides credit decisioning, risk scoring, and lending software to banks and lenders. It overlaps with Onyx IQ's underwriting scorecard and risk analytics capabilities as part of a much broader financial data and software portfolio.
• Abrigo: Abrigo is a large incumbent provider of commercial lending and credit risk software to banks and credit unions. It overlaps with Onyx IQ's commercial lending roadmap and competes in credit decisioning and portfolio management.
• Temenos: Temenos is a global banking software provider with lending, onboarding, and origination capabilities. It is comparable to Onyx IQ as a workflow platform for lenders, though typically sold into larger tier-1 institutions.
• ICE Mortgage Technology (Ellie Mae): ICE Mortgage Technology (formerly Ellie Mae/Encompass) is the dominant mortgage loan origination system. It overlaps with Onyx IQ's mortgage segment of its commercial loans offering, though at vastly greater scale.
• nCino: nCino is an established bank lending and account opening platform serving financial institutions globally. Its commercial lending and SMB lending workflows are directly competitive with Onyx IQ's commercial loan product expansion.

Direct peers

• Turnkey Lender: Turnkey Lender provides a unified digital lending platform covering origination, underwriting, servicing, and collections. Its product scope and target market of non-bank and alternative lenders closely overlap with Onyx IQ's offering.
• LendSaaS: LendSaaS is a direct competitor to Onyx IQ in the MCA and alternative lending software space. Onyx IQ explicitly publishes comparison content against LendSaaS, indicating overlapping product positioning for high-volume MCA lenders.
• LoanPro: LoanPro is a cloud-based loan origination and servicing platform for consumer and SMB lenders. It competes in the same end-to-end lending workflow category as Onyx IQ, offering configurable scorecards, servicing, and collections.

Emerging players

• LendingPad: LendingPad is a cloud-based mortgage loan origination system targeting smaller lenders and credit unions. It is comparable to Onyx IQ as a SaaS-first origination platform targeting non-enterprise lenders.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/OnyxIQPlatform
• LinkedInlinkedin.com/company/onyxiq

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 Onyx IQ