Loanitt was founded in response to opportunities in the consumer credit market. Loanitt provides quick and digital credit application solutions, allowing customers to get the best deal on the market without the need for multiple applications and documentation. The business entered the car finance market and has since grown to become Ireland's largest car finance intermediary, and now also offer Agri and Commercial finance products.
Loanitt’s leadership team has extensive international industry experience, with co-founders John Duggan and Padraig Nolan having previously held management positions across multiple Tier 1 banks.
Loanitt started working with Kilkenny Local Enterprise Office who supported them throughout their startup journey. Kilkenny LEO referred them to South East BIC where we started an intensive Investor-readiness process with the Loanitt team and prepared them to pitch to the South East Business Angel Network, part of Halo Business Angel Network (HBAN) and they, along with Enterprise Ireland invested €570,000 in the fintech startup’s seed round.
“The continued support we received from Rosemary, Aidan and the South East BIC team throughout this journey has been invaluable. They were very helpful and informative throughout our initial fundraising round and played a key role in helping us secure that investment. They are always on hand with practical advice to help us steer into unchartered territory. We would highly recommend any company starting a similar journey to make sure their first step is contacting the South East BIC.”
Padraig Nolan, COO & Co-Founder, Loanitt
