Tuesday, April 14, 2015

Lendio Buys Business Bounce

Salt Lake City-based small business lending marketplace Lendio said this morning that it has acquired Business Bounce, a New York-based business financing provider. Financial terms of the buy were not disclosed. Lendio, which is led by Brock Blake, said the acquisition will help it grow its loan volume, add loan advisors, and deepend lender relationships. The acquisition comes only a few weeks after a big funding round for Lendio.