What is Lantern?
Founded in 2013, Lantern functions as a product comparison platform designed to empower individuals in their financial product shopping by comparing offers from various lenders. The company, owned and operated by SoFi Lending Corp., leverages a partnership with Fiona through Even Financial to deliver its comparison services. Lantern specializes in financial technology solutions, providing digital tools that streamline the assessment and selection of financial products, serving both business-to-business and business-to-consumer markets.
How much funding has Lantern raised?
Lantern has raised a total of $35M across 1 funding round:
Series A
$35M
Series A (2015): $35M with participation from John Mack
Key Investors in Lantern
John Mack
John Mack is an individual investor who participated in Lantern's Series A funding round.
What's next for Lantern?
The context of 'major enterprise-level funding' and a 'major strategic investment' suggests Lantern is in a growth or scaling phase, likely focusing on expanding its market reach and enhancing its technological capabilities. This strategic capital infusion is expected to fuel further development of its comparison tools and potentially broaden its partnerships within the financial services ecosystem. The company's trajectory indicates a continued emphasis on providing accessible and efficient financial product discovery.
See full Lantern company page
