Participate
Participate is a SaaS platform that automates loan participation, syndication, and balance-sheet management for banks, credit unions, and private credit firms via a patented ecosystem integrated with major bank core systems and a network of 1,800+ financial institutions.
- Company typePrivate
- Founded2016
- HeadquartersLittle Rock, United States
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Participate does
Participate (legal entity BLP, Inc.) is a SaaS provider of loan participation and syndication automation targeted at US banks, credit unions, community banks, CDFIs, and private credit firms. The company traces to BankLabs (originally Radius Group LLC, 2010); the Participate product line originated within BankLabs in 2016, received its first patents in 2022, and was spun out as an independent company in 2023 with investment from FINTOP Capital and JAM FINTOP Banktech. Headquartered in Little Rock, Arkansas, with roughly 15 employees, Participate markets itself as the first patented, end-to-end loan sales ecosystem that automates the full participation lifecycle — from NDAs and subscription management through document exchange, participation agreements, and post-sale servicing.
The core platform consists of modules for Balance Sheet Management, Automated Notifications, Document Repository, Integrated Agreements with electronic signatures, Real-Time Balance & Transaction History, and Smart Loan Optimization, plus standalone offerings including CMaaS (Credit Market as a Service), Purchased Loan Automation, Tokenized Loan Participations, the Participate Marketplace, an ROI Calculator, and a borrower-matching service. The platform runs as an API-first, cloud-based system with deep integrations into the dominant US banking technology stack — nCino, FIS IBS Core, Fiserv DNA, Moody's Lending Suite, and Baker Hill Loan Exchange — and holds four issued US patents (10,963,957; 11,521,265; 11,875,402; 12,236,481). The company achieved SOC 2 Type 2 certification in January 2025.
Revenue is generated through quote-based enterprise subscription fees for access to the loan sales ecosystem, transaction fees on loan participations routed through the network, and recurring servicing fees on loans that are participated out. The company claims a network of 1,800+ financial institutions, with 750+ institutions actively trading loans on the platform (the latter figure cited via Moody's) and over 1,000 platform users as of 2024. Marketing is primarily direct enterprise sales augmented by co-marketing with bank-core integration partners (nCino, Moody's, Baker Hill, FIS, Fiserv). Notable named customers include Citizens Bank, Wings Financial, and Coastal Commercial REIT.
Participate firmographics
Firmographics- Name
- Participate
- Legal name
- BLP, Inc. dba Participate
- Website
- https://participateloan.com
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Participate is a SaaS platform that automates loan participation, syndication, and balance-sheet management for banks, credit unions, and private credit firms via a patented ecosystem integrated with major bank core systems and a network of 1,800+ financial institutions.
- Ownership category
- akta.pro rank
Participate industry classification
Industry- Product category
- Loan Participation and Syndication Software
- NAICS
- Mortgage and Nonmortgage Loan Brokers (52231), Other Activities Related to Credit Intermediation (52239)
- SIC
- Loan Brokers (6163)
- akta.pro primary industry
- P2P Loan Syndication & Participation Platforms (FSAKAHAL)
- akta.pro secondary industries
- Marketplace & Loan Aggregation Platforms (Borrower-Lender Matching) (FSAGAHAL), Loan Servicing Platforms (Billing, Statements, Customer Self-Service) (FSAGAHAH)
Keywords
Where Participate is headquartered
LocationHeadquarters
- HQ city
- Little Rock
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Participate business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations
Revenue model
- Servicing Fees on Participated Loans: Charge servicing fees on loans that are participated out. This creates recurring revenue from the ongoing management of participated loans.
- Loan Participation Automation Platform: Platform fees for access to loan sales ecosystem enabling banks to originate, distribute, and manage loans at scale. Revenue derived from transaction volumes and platform usage for loan participation and syndication automation.
- Network Access & Marketplace: Access to the Participate network of 1800+ financial institutions for loan distribution, enabling originators to connect with participants and buyers.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Quote-based enterprise pricing for financial institutions |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels7 records
Participate product offering
Product offeringCore offering
Participate offers a patented, cloud-based loan sales automation ecosystem that enables banks, credit unions, and private credit firms to originate, distribute, and service loan participations, syndications, whole loan sales, and loan assignments. The platform automates NDAs, document exchange, subscription management, and participation agreements, and connects financial institutions through a marketplace of 1800+ institutions with deep integrations into major banking core systems.
Product overview
Participate is a SaaS platform and ecosystem for loan participation and syndication automation. The core offering consists of Participate Enterprise (the patented end-to-end loan sales ecosystem), CMaaS (Credit Market as a Service), Purchased Loan Automation, Tokenized Loan Participations, and the Participate Marketplace connecting 1800+ financial institutions. The platform modules include Balance Sheet Management, Document Repository, Automated Notifications, Integrated Agreements, and Smart Loan Optimization. Supporting tools include an ROI Calculator. Previously, the company (BankLabs) developed Construct (construction draw management) and +Pay, which were sold to Abrigo in 2022. The company also offers borrowers a matching service to connect with bank lenders.
Differentiator
Problem solved
Functional benefit
Products and services
- Participate Enterprise
Quantifiable outcome
- Time to close reduced by 2-4 weeks
- +2 more outcomes
Companies that use Participate
Customer profileNamed customers3 records
Segments4 records
Ideal customer profiles3 records
Participate technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
AI capability2 records
Feature7 records
Participate partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core and major.
- Community Capital TechnologycoreRevolutionary partnership creating the largest, most integrated platform for loan trading in the U.S. Combines Participate's patented loan participation automation with Community Capital's expansive digital marketplace. End-to-end solution empowers banks, credit unions, and lenders to streamline transactions, boost liquidity, and scale lending operations.
- Atlantic Community Bankers Bank (ACBB)majorPartnership to transform loan trading for financial institutions by combining Participate's patented technology with ACBB's established network of over 400 financial institutions. Streamlines and scales loan participations, giving banks access to efficient and transparent trading solutions.
- FiservcoreSuccessful integration with Fiserv DNA streamlines key loan participation processes such as payments, advances, and rate adjustments. Eliminates manual reconciliations, reduces errors, and enhances operational efficiency for financial institutions.
- nCinocoreStrategic partnership and integration with nCino enables financial institutions using nCino to seamlessly sell loans directly within their platform, empowering them to execute participations at the click of a button. This integration offers unprecedented efficiency, allowing banks to accelerate loan sales while mitigating risk and boosting fee income.
- Moody'scoreLoan Participation & Syndication Automation embedded into Moody's Lending Suite via API. Creates seamless originate-to-distribute workflow where borrower, document, covenant, and Moody's Scores data move through in the same connected flow. One-click distribution to 750+ institutions plus automated post-sale servicing.
- Baker HillmajorParticipate powers Baker Hill Loan Exchange to modernize commercial loan participations. Integration enables enhanced loan exchange capabilities for Baker Hill customers.
- FIScoreIndustry-first automated loan participation platform integrated with FIS IBS Core. Streamlines loan participation processes for FIS client financial institutions.
- BankLabscoreParent company that spun off Participate. BankLabs was founded in 2010 with a vision to redefine banking through innovative technology. After sale of Construct and +Pay to Abrigo in 2022, BankLabs focused on development and enhancement of Participate.
Scale indicators6 records
Recent moves7 records
Expansion highlights6 records
Participate competitors and assessment
Company assessmentBroad incumbents
- FIS: Core banking and lending software provider (FIS IBS Core). Comparable because Participate is integrated with FIS for loan participation, and FIS is a deep incumbent serving the same bank customers.
- Fiserv: Core banking provider (Fiserv DNA) integrated with Participate. Functions as a peer/comparator for community-bank lending tech wallets and as a partner that could broaden its own participation tooling.
- Finastra: Global financial software provider covering core, lending, and treasury workflows. Listed as a partner on Participate's homepage and competes broadly for the same community-bank lending technology budget.
- Temenos: Global banktech platform with lending and core modules. Comparable as a broad incumbent that could expand functionality overlapping with Participate's participation automation.
- nCino: Cloud banking platform that hosts Participate via API. Comparable as a partner channel that could in theory build competing participation functionality natively within its owned platform serving 1,000+ banks.
- Jack Henry: Core and lending software provider for community banks. Comparable as a banktech incumbent that competes for the same customer wallet and could conceivably extend into participation automation.
- Abrigo: Large U.S. banktech provider of lending, BSA/AML, and core-adjacent workflows. Directly comparable because Abrigo acquired BankLabs' Construct and +Pay products in 2022, sitting in the same lending-automation orbit as Participate and competing for the same community-bank budget.
- Moody's (Lending Suite): Owns the Moody's Lending Suite that embeds Participate via API. Comparable as a partner that itself could extend into participation automation, plus scores-and-data inputs that underpin lending decisions.
- Q2 (now part of Bluefin): Digital banking platform serving community and mid-market banks. Comparable as a peer in the lending-tech ecosystem targeting the same small-and-mid-bank buyer profile as Participate.
Direct peers
- Baker Hill: Originator of the Baker Hill Loan Exchange, which modernizes commercial loan participations. Direct overlap with Participate; the two companies are also integration partners, with Participate powering Baker Hill's marketplace functionality.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
Participate social profiles
Digital presenceParticipate compliance and trust
Trust signalCompliance1 record
Participate financial estimates
Financial estimateRevenue estimate
Valuation estimate
Participate leadership team
Management profileNumber of profiles
Profiles2 records
Participate funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Participate M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Participate
What does Participate do?
Participate offers a patented, cloud-based loan sales automation ecosystem that enables banks, credit unions, and private credit firms to originate, distribute, and service loan participations, syndications, whole loan sales, and loan assignments. The platform automates NDAs, document exchange, subscription management, and participation agreements, and connects financial institutions through a marketplace of 1800+ institutions with deep integrations into major banking core systems.
Is Participate a public or private company?
Participate is a private company. It is classified as venture growth investor backed and is currently operating.
When was Participate founded?
Participate was founded in 2016. It employs 11 to 50 people.
Where is Participate based?
Participate is headquartered in Little Rock, United States, in the North America region.
How does Participate make money?
Three revenue lines are on record. Servicing Fees on Participated Loans are the primary driver. The others are loan Participation Automation Platform and network Access & Marketplace.
Who are Participate's main competitors?
Broad incumbents on record are FIS, Fiserv, Finastra, Temenos, nCino, Jack Henry, Abrigo, Moody's (Lending Suite) and Q2 (now part of Bluefin). Baker Hill is listed as a direct peer.
Does Participate have an API?
Yes. Participate offers API integration enabling financial institutions to initiate loan sales, distribute opportunities, and automate post-sale servicing directly within their existing platforms. The Moody's Lending Suite integration includes a send_to_participate() function that passes borrower details, credit memo, documents, covenants, and Moody's Scores via API in real-time. Financial institutions using nCino can sell loans directly within their platform, empowering them to execute participations at the click of a button. The Fiserv DNA integration streamlines key loan participation processes such as payments, advances, and rate adjustments.
What industry is Participate in?
Participate's product category is Loan Participation and Syndication Software. Its primary akta.pro industry code is FSAKAHAL, P2P Loan Syndication & Participation Platforms, with a secondary code of FSAGAHAL, Marketplace & Loan Aggregation Platforms (Borrower-Lender Matching). Its NAICS code is 52231 and its SIC code is 6163.