About Lendio
Lendio is a company based in Lehi (United States) founded in 2011.. Lendio has raised $82 million across 8 funding rounds from investors including Mastercard, Square 1 Bank and Napier Park Global Capital. The company has 85 employees as of September 30, 2015. Lendio has completed 2 acquisitions, including Business Bounce and Sunrise App. Lendio offers products and services including Loan Marketplace, SBA Loans, and Equipment Financing. Lendio operates in a competitive market with competitors including Funding Circle, Upstart, Nav, SellersFi and Laurel Road, among others.
- Headquarter Lehi, United States
- Employees 85 as on 30 Sep, 2015
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Lendio, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$82 M (USD)
in 8 rounds
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Latest Funding Round
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Investors
Mastercard
& 13 more
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Employee Count
85
as on Sep 30, 2015
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Investments & Acquisitions
Business Bounce
& 1 more
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Products & Services of Lendio
Lendio offers a comprehensive portfolio of products and services, including Loan Marketplace, SBA Loans, and Equipment Financing. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Online platform for matching small businesses with loan options
Government-backed financing for small business needs
Funding solutions for purchasing business equipment
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Leadership Team
28 people
Software Development Team
27 people
Sales and Marketing
17 people
Product Management Team
16 people
Funding Team
5 people
Operations Team
4 people
Finance and Accounting
4 people
Human Resources and Administration
3 people
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Funding Insights of Lendio
Lendio has successfully raised a total of $82M across 8 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 8
- Last Round Last Round
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First Round
First Round
(17 Feb 2011)
- Investors Count 14
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2020 | Amount | Series E - Lendio | Valuation | Mastercard |
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| Feb, 2020 | Amount | Debt – Conventional - Lendio | Valuation |
investors |
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| Feb, 2020 | Amount | Series E - Lendio | Valuation | Mercato Partners |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Lendio
Lendio has secured backing from 14 investors, including institutional and venture fund investors. Prominent investors backing the company include Mastercard, Square 1 Bank and Napier Park Global Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Growth-stage investments in consumer tech are managed.
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Founded Year | Domain | Location | |
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PE firm investing in the US
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Founded Year | Domain | Location | |
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Comcast Ventures is focused on investing in technology startups.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Lendio
Lendio has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Business Bounce and Sunrise App. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Working capital financing solutions are provided to small businesses.
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2011 | ||||
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Bookkeeping software for businesses
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1996 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Lendio
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Lendio Comparisons
Competitors of Lendio
Lendio operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Funding Circle, Upstart, Nav, SellersFi and Laurel Road, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
A peer-to-peer marketplace for business loans is operated and developed.
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| domain | founded_year | HQ Location |
Diversified loans are provided via an AI-enabled online marketplace.
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| domain | founded_year | HQ Location |
Business credit monitoring and financing are provided to small owners.
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| domain | founded_year | HQ Location |
Online lending platform for business financing
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| domain | founded_year | HQ Location |
Student loan refinancing, mortgages, and personal loans are offered online.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Lendio
Frequently Asked Questions about Lendio
When was Lendio founded?
Lendio was founded in 2011.
Where is Lendio located?
Lendio is headquartered in Lehi, United States. It is registered at Lehi, Utah, United States.
Is Lendio a funded company?
Lendio is a funded company, having raised a total of $82M across 8 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $24M, raised on Feb 17, 2011.
How many employees does Lendio have?
As of Sep 30, 2015, the latest employee count at Lendio is 85.
What does Lendio do?
Founded in 2011 and based in Lehi, United States, Lendio operates as a fintech platform in the business lending sector. Various loan types, including equipment financing, lines of credit, short-term loans, accounts receivable financing, merchant cash advances, and acquisition loans, are provided through its marketplace. Tools for estimating loan amounts based on interest rates and terms are also made available to users.
Who are the top competitors of Lendio?
Lendio's top competitors include Funding Circle, Upstart and Nav.
What products or services does Lendio offer?
Lendio offers Loan Marketplace, SBA Loans, and Equipment Financing.
How many acquisitions has Lendio made?
Lendio has made 2 acquisitions, including Business Bounce, and Sunrise App.
Who are Lendio's investors?
Lendio has 14 investors. Key investors include Mastercard, Square 1 Bank, Napier Park Global Capital, Signature NY, and Mercato Partners.
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