Funding

Lendio, the small business lending marketplace, Raises $20.5M

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What does Lendio do?

Lendio, is a platform which helps small business owners find lenders and secure loans. It helps them secure financing. This platform helps small business owners find lenders and secure loans. After answering a few questions, users will help you compare and review loans. Once a loan is chosen, they will be introduced to the right lender through Lendio.

Small businesses can get loan options fast and see their loan options in just minutes. Lendio is the center of small business lending.

How much Lendio was funded?

Lendio received $12.5 M in Series C funding on March 24th, 2015. The investment was led by Napier Park Global Capital,, along with North Hill Ventures, Tribeca Venture Partners, Blumberg Capital, Pivot Investment Partners, Runa Capital and Highway 12 Ventures.

Previous funding

  • $6M in Series A funding on February 17th, 2011 from Highway 12 Ventures and Tribeca Venture Partners
  • $2M in Debt Financing on Jun 2nd, 2011 from Square 1 Bank
  • $4.5M  in Series B funding on Aug 28th, 2013 from Tribeca Venture Partners, Highway 12 Ventures and Runa Capital

What is next for Lendio?

Lendio is going to use the fund to speed up its online innovation to make it easy for the business owners to find financing, enhance relationships with lenders, expand its partnership program and increase its trusted loan advisers team.

The managing director at Napier Park, Dan Kittredge and Chris Gottschalk principal at Blumberg Capital will join its board of directors, as a part of the deal of the latest investment.

More about Lendio

Lendio was founded on March 15th, 2006 by Trent Miskin, Brock Blake and Levi King.

Lendio is a free online service which helps business owners find small business loans within minutes. The goal of this company is to unite small business loan industry and bring all the options together in one place, from short term financing to long term low interest loans. Their technology makes small businesses lending simple and reduces the effort and time taken to secure funding.

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