What is Lendio?
Founded in 2011 and headquartered in Lehi, Utah, Lendio operates as a chain of franchised loan companies specializing in a diverse range of small business financing solutions. These include lines of credit, short-term loans, business credit cards, and merchant cash advances. Lendio acts as a crucial intermediary, connecting small businesses with lenders to facilitate access to capital essential for growth and operational needs. The company's extensive network and specialized services position it as a key player in the SME financing landscape.
How much funding has Lendio raised?
Lendio has raised a total of $108M across 6 funding rounds:
Series A
$6M
Other Financing Round
$2M
Series B
$4.5M
Series C
$20.5M
Series D
$20M
Series E
$55M
Series A (2011): $6M with participation from GSA Venture Partners and Tribeca Venture Partners
Other Financing Round (2011): $2M led by Square 1 Bank
Series B (2013): $4.5M supported by Tribeca Venture Partners and Highway 12 Ventures
Series C (2015): $20.5M featuring Tribeca Venture Partners, Napier Park's Financial Partners Group, Highway 12 Ventures, Blumberg Capital, North Hill Ventures, Pivot Investment Partners, and Runa Capital
Series D (2016): $20M backed by Tribeca Venture Partners, North Hill Ventures, Napier Park, Comcast Ventures, Stereo Capital, and Blumberg Capital
Series E (2020): $55M with participation from Comcast Ventures, Mercato Partners, Blumberg Capital, Napier Park Global Capital, Runa Capital, Signature Bank, and Stereo Capital
Key Investors in Lendio
Comcast Ventures
Comcast Ventures is the venture capital affiliate of Comcast Corporation, focusing on investments in consumer, enterprise, and frontier technology companies. They provide capital and strategic support to B2B and B2C businesses, particularly in technology, finance, and operations.
Tribeca Venture Partners
Tribeca Venture Partners is a multi-stage venture capital firm based in New York that partners with entrepreneurs to leverage emerging technologies and innovative business models. They are dedicated to supporting founders in building category-defining companies.
Napier Park Global Capital
Napier Park Global Capital is a global alternative asset management platform founded in 2013 and based in New York. They manage assets across various investment strategies.
What's next for Lendio?
The recent major strategic investment indicates Lendio is in a robust growth phase, likely focusing on scaling its operations, enhancing its technology platform, and expanding its franchise network. This capital will enable Lendio to further solidify its market leadership, potentially through strategic acquisitions, deeper penetration into underserved markets, or the development of new financial products. The company's trajectory suggests a continued emphasis on empowering small businesses with accessible and tailored financing options, positioning it for sustained success in the competitive fintech industry.
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