HYPERCORE
Hypercore is a loan management platform built for private credit lenders.
- Category
- Fintech
- Fund
- NZVC I
- Website
- www.hypercore.ai
What HYPERCORE does
HYPERCORE runs the full loan lifecycle, from origination and underwriting through servicing, reporting and restructuring, with automated fee and interest calculations, amortization schedules, covenant monitoring and audit-ready controls on one system. More than $20 billion in assets under management runs on Hypercore across more than 10,000 loans, in private credit, venture debt and commercial real estate, and the lender Pinegrove replaced Excel and a third-party servicer with it. The founders were running a fintech consultancy when a non-bank lending client asked them for loan software in 2020, and they went looking at what already existed, found spreadsheets and generic tools, and built the product instead.
The secret
Private credit grew into a three trillion dollar market while the software running it stayed in spreadsheets, and the loan administration itself stayed with third-party admin agents working by hand. Hypercore automates the fee, interest, amortization and covenant work first, then puts AI agents on top of the same platform, so what a lender gets back is finished work rather than another system to manage.
Why NZVC invested in HYPERCORE
We invested because Hypercore was already inside the operating detail of lending rather than describing it from outside. The founders had built loan software for an actual lender before they built a product, which is why the fee, interest and covenant handling holds up on the structures that break generic tools. The platform that runs the loan ends up running the reporting, the funding sources and the loan administration too, and that last piece is what Hypercore's AI admin agent now goes after.