About SoMoLend
SoMoLend is a company based in Cincinnati (United States) founded in 2011 by Candace Klein. It operates as a B2C and Marketplace. SoMoLend has raised $4.23 million across 5 funding rounds from investors including LaunchHouse, QED Investors and Blue Chip Venture. SoMoLend offers products and services including Loan Comparison Tool and Loan Application Service. SoMoLend operates in a competitive market with competitors including Ovamba, The Small & Medium Business Exchange, CrowdOut, LendSquare and fvndit, among others.
- Headquarter Cincinnati, United States
- Founders Candace Klein
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Sectors
Financial Services
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Phone
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Website
Locked
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Social
Locked
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$4.23 M (USD)
in 5 rounds
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Latest Funding Round
$2.2 M (USD), Seed
Mar 06, 2013
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Investors
LaunchHouse
& 5 more
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Employee Count
Not available
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Products & Services of SoMoLend
SoMoLend offers a comprehensive portfolio of products and services, including Loan Comparison Tool and Loan Application Service.
Service for comparing unsecured consumer loans from multiple providers.
Platform that sends loan applications to partnered banks quickly.
Funding Insights of SoMoLend
SoMoLend has successfully raised a total of $4.23M across 5 strategic funding rounds. The most recent funding activity was a Seed round of $2.2 million completed in March 2013. 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.
Investors in SoMoLend
SoMoLend has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include LaunchHouse, QED Investors and Blue Chip Venture.
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Venture capital fund investing in early-stage start-ups
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Late-stage investments in US tech companies are targeted.
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CincyTech is engaged in venture capital investments for innovative startups.
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Investor details for SoMoLend
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Investments & Acquisitions by SoMoLend
Investment portfolio details for SoMoLend
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Financial Statements - SoMoLend
Detailed financials for SoMoLend
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Somolend Comparisons
Peer comparison for SoMoLend
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Competitors of SoMoLend
SoMoLend 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 Ovamba, The Small & Medium Business Exchange, CrowdOut, LendSquare and fvndit, among others.
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Online peer-to-peer lending is facilitated for SMEs by Ovamba.
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Online P2P marketplace for term loans
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P2P funding is facilitated for middle market business loans.
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Provides community funding solutions for small businesses.
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SME financing is enabled through a P2B lending platform.
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Detailed competitors of SoMoLend
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Latest news on Somolend
Complete news archive for SoMoLend
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Frequently Asked Questions about SoMoLend
SoMoLend was founded in 2011.
SoMoLend is headquartered in Cincinnati, United States. It is registered at Cincinnati, Ohio, United States.
Candace Klein is the current CEO of SoMoLend. They have also founded this company.
SoMoLend is a funded company, having raised a total of $4.23M across 5 funding rounds to date.
Billigsteforbrukslån is a website that provides comparisons of unsecured consumer loans from various Norwegian providers. It offers tools to search, calculate, and apply for loans based on factors like interest rates and repayment terms. The platform collaborates with multiple banks and brokers to facilitate quick applications. Users can access information on loan benefits, risks, and guidelines, primarily targeting individuals in Norway seeking financial options.
SoMoLend's top competitors include CrowdOut, The Small & Medium Business Exchange and Ovamba.
SoMoLend offers Loan Comparison Tool and Loan Application Service.
SoMoLend has 6 investors. Key investors include LaunchHouse, QED Investors, Blue Chip Venture, CincyTech, and North Coast Angel Fund.