Lehi, United States
Lendio, founded in 2011 and headquartered in the United States, is redefining the small business lending landscape with its innovative technology-driven marketplace. By offering a centralized platform that connects over 75 lenders and financial partners with small businesses, Lendio streamlines the lending process through a single online application. Their integrated approach not only simplifies financing for business owners but also empowers small business service providers by embedding a full loan application and funding solution within their platforms.
Lendio’s collaboration extends to banks and lenders, providing them with purpose-built software for automated loan decisioning and underwriting. This technology enhances their connectivity to curated applicants from Lendio’s diverse marketplaces. With a track record of facilitating over 400,000 loans totaling more than $16 billion, Lendio’s impact on small business growth is substantial.
In its last financing round, Lendio secured a $24 million Debt Financing investment from Signature Bank on February 27, 2020.
