About Lendr
Lendr is a Financial Services company based in Chicago (United States) founded in 2011. Financial solutions are provided for small business growth by Lendr. It operates on a Commission-Based and Brokerage / Intermediation model. Lendr offers products and services including Merchant Cash Advance and Invoice Factoring. Its focus areas include Financials and Specialty Finance. Its legal entity is LENDR.ONLINE, LLC. Its competitors include Tongo, Capify and Swift Capital; 3 of its 3 listed competitors have raised funding.
Company details
Working capital and invoice factoring solutions are offered by Lendr to support small businesses. Merchant Cash Advances up to 500k are provided for immediate funding needs with flexible repayment terms. Invoice Factoring services are extended for businesses with outstanding B2B or B2G invoices, offering up to 1m with client invoicing support. Sectors such as staffing, construction, and manufacturing are primarily served. A user-friendly online platform, myLendr, is maintained for application and account management.
- Headquarters Chicago, United States
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website lendr.online
- Social LinkedIn X Facebook Instagram
- Legal Name Lendr.Online, Llc
- Latest Funding Round$688K (USD), Debt – Conventional
Apr 2020
Products & Services of Lendr
Lendr offers a comprehensive portfolio of products and services, including Merchant Cash Advance and Invoice Factoring.
Advances are provided on future business receivables quickly.
Immediate payment is offered for outstanding business invoices.
Funding Insights of Lendr
- Total Rounds 2
- Last Round Debt – Conventional — $688,000
- First Round $25M
(Mar 2018)
All 2 funding rounds of Lendr with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2020 | $688,000 | Debt – Conventional | – | – | – |
| Mar 2018 | $25M | Debt – Conventional | – | – | – |
People of Lendr
2 people are tracked at Lendr (2 in leadership).
| Name | Role | Group |
|---|---|---|
Daniel Demeo | CEO Lendr | Leadership |
Aj Martin | Vice President, Accounting And Finance | Leadership |
Complete people profiles for Lendr
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Lendr
3 dated milestones of Lendr across 9 years, from founding to its latest funding, stage changes and deals.
- Founded Lendr is founded.
- Funding First funding round of $25.0M.
- Funding Latest funding round, Debt – Conventional, of $688K.
Competitors of Lendr
Lendr has 3 listed competitors in our database, 3 of them funded. They include Tongo, Capify and Swift Capital.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| gettongo.com | 2016 | Brooklyn, United States | $12.56M | Commission calculation tools are provided for real estate agents. | ||
| capify.com | 2002 | New York, United States | $10.29M | 1 | Financial services are provided to support business funding needs. | |
| swiftcapital.com | 2006 | Wilmington, United States | $98.75M | 41 | Merchant cash advances are provided to small businesses for funding. |
Detailed competitors of Lendr
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
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Verified entity values are shown only after access is granted.
Web traffic of Lendr
The website of Lendr (lendr.online) receives about 2.6K visits a month.
- Monthly visits2.6K
▲ 19.6% vs previous month
Top companies in Alternative Lending
3 companies that operate in the same segment as Lendr (Alternative Lending) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Diversified loans are provided via an AI-enabled online marketplace. | 2012 | Palo Alto, California, United States | USD 128.65 M | USD 1.04 B | 1,190 | |
Various consumer loans and financial services are offered online. | 2011 | San Francisco, California, United States | USD 3.04 B | USD 4.77 B | 6,843 | |
Credit score checking and comparison platform for financial products | 2007 | San Francisco, California, United States | USD 869.77 M | 1,487 |
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Related news about Lendr
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Frequently Asked Questions about Lendr
Lendr was founded in 2011 and raised its 1st funding round 7 years after it was founded.
Lendr is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Working capital and invoice factoring solutions are offered by Lendr to support small businesses. Merchant Cash Advances up to 500k are provided for immediate funding needs with flexible repayment terms. Invoice Factoring services are extended for businesses with outstanding B2B or B2G invoices, offering up to 1m with client invoicing support. Sectors such as staffing, construction, and manufacturing are primarily served. A user-friendly online platform, myLendr, is maintained for application and account management.
Lendr's top competitors include Tongo, Swift Capital and Capify.
Lendr offers Merchant Cash Advance and Invoice Factoring.
Lendr operates through Lendr.Online, Llc.