Lendio is a transforming force in the small business lending industry, establishing connections among small businesses, lenders, and service providers through an integrated technology platform. With the goal of empowering small businesses to not only survive but thrive, Lendio offers purpose-built software for automating loan decisioning and underwriting, utilizing AI to match businesses with suitable financing offers, and integrating a full loan marketplace within service providers’ platforms. Since its establishment in 2011, Lendio has facilitated over 400,000 small business loans and financing options amounting to over $15 billion. The company has received several prestigious awards, including the FinTech Breakthrough - Best Small Business Lending Solution Award 2022 and the Forbes Best Small Business Loans Award 2022, among others. The latest investment, a $31.00M Series E investment on 27 February 2020, involved notable investors such as Comcast Ventures, Blumberg Capital, Mercato Partners, Napier Park Financial Partners, Runa Capital, and STCAP. Lendio is primarily situated in the United States and operates within the Finance, Financial Services, and Fintech industries. With a proven track record and a strong investor backing, Lendio is well-positioned to continue its impactful journey in revolutionizing small business lending.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Debt Financing | $24.00M | 1 | 27 Feb 2020 | |
Series E | $31.00M | 6 | 27 Feb 2020 | |
Series D | $19.00M | 7 | Napier Park Global Capital | 25 Oct 2016 |
Series C | $22.00M | 8 | Napier Park Global Capital | 24 Mar 2015 |
Series B | $4.50M | 3 | 28 Aug 2013 |
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