Wednesday, October 26, 2016

Lendio Gets $20M More For Small Business Loan Marketplace

South Jordan, Utah-based Lendio, the small business lending startup led by startup veteran Brock Blake, said this morning that it has raised $20M more in a round of funding. The funding was led by Comcast Ventures and Stereo Capital, and also included Napier Park, Blumberg Capital, Tribeca Venture Partners and North Hill Ventures. Lendio said it will use the new funding for marketing, sales, and brand awareness efforts. Lendio offers up an online small business loan marketplace, which features 75 lenders. The company said it funded $63M in loans to small businesses in Q3. Dave Zilberman of Comcast Ventures joins Lendio's board as part of the funding. More information »