What is Lendio?
Headquartered in Lehi, Utah, Lendio operates as a sophisticated, franchised loan marketplace designed to streamline the borrowing process for small businesses. By leveraging a digital-first approach, the company connects entrepreneurs with a diverse array of financial products, including lines of credit, short-term loans, business credit cards, and merchant cash advances. Lendio occupies a vital niche in the fintech sector, acting as a bridge between traditional financial institutions and the underserved small business segment, thereby enhancing operational efficiency and access to capital for its clients.
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 Highway 12 Ventures and Tribeca Venture Partners
Series C (2015): $20.5M featuring North Hill Ventures, Napier Park's Financial Partners Group, Pivot Investment Partners, Blumberg Capital, Runa Capital, Tribeca Venture Partners, and Highway 12 Ventures
Series D (2016): $20M backed by Napier Park, Stereo Capital, Tribeca Venture Partners, Comcast Ventures, North Hill Ventures, and Blumberg Capital
Series E (2020): $55M with participation from Mercato Partners, Comcast Ventures, Signature Bank, Stereo Capital, Blumberg Capital, Napier Park Global Capital, and Runa Capital
Key Investors in Lendio
Tribeca Venture Partners
A multi-stage venture capital firm based in New York that partners with entrepreneurs to leverage emerging technologies and innovative business models.
Blumberg Capital
An early and growth stage venture capital firm that partners with visionary technology founders from inception to exit, providing hands-on advisory support.
Comcast Ventures
The venture capital affiliate of Comcast Corporation, focusing on investing in consumer, enterprise, and frontier technology companies.
What's next for Lendio?
With the successful closure of its Series E round, Lendio is well-positioned to accelerate its market penetration and enhance its technological infrastructure. The company is expected to focus on deepening its integration with financial partners and expanding its suite of lending products to better serve the complex requirements of its growing user base. By maintaining a focus on data-driven decision-making and strategic partnerships, Lendio aims to solidify its status as a category-defining entity in the financial services industry, ensuring that small businesses continue to have reliable access to the financing necessary for long-term growth and stability.
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