LoanHero Gets $2.5M For Consumer Lending Startup

San Diego-based LoanHero, a startup which helps merchants easily offer up financing to their end customers, has raised $2.5M in seed funding, the company said Wednesday. The funding was led by Alsop Louie Partners and Mucker Capital. LoanHero says it has now raised $4.2M in equity funding for the company. LoanHero develops an online software platform which lets merchants offer up streamlined application for consumer loans by their customers, to fund purchases. The startup is led by Steve Connolly. More information »