Lendio

Lendio

Marketplace connecting small businesses with lenders

About

Lendio helps small businesses in the United States secure loans by acting as a marketplace that connects them with various lenders, including banks and credit unions. Business owners can fill out a single online application to access multiple loan options, which saves time and increases their chances of finding a suitable loan. The types of loans available through Lendio include SBA loans, term loans, lines of credit, and equipment financing. Lendio earns revenue through referral fees paid by lenders when a loan is successfully funded, aligning their interests with those of the business owners. By simplifying the loan application process and providing educational resources, Lendio aims to support small businesses in obtaining the funding they need for growth and sustainability.

Company Stage

Series E

Employees

201-500

Industries

Fintech, Financial Services

Total Funding

$78.8M

Headquarters

Lehi, Utah

Founded

2011


Simplify Jobs

Simplify's Take

What believers are saying

  • Growing demand for digital lending platforms boosts Lendio's market potential.
  • Expansion opportunities in top-ranked business states like Florida and Texas.
  • Potential to capture market share from traditional banks struggling with small loans.

What critics are saying

  • Increased competition from AI-powered lending platforms threatens Lendio's market share.
  • Pressure to streamline application processes may increase operational costs.
  • High interest rates from online lenders could deter small businesses from Lendio.

What makes Lendio unique

  • Lendio offers a single application for multiple loan options, saving time.
  • Their platform connects small businesses with a wide range of lenders.
  • Lendio's revenue model aligns with client success, earning through referral fees.

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Growth & Insights
Headcount

6 month growth

0%

1 year growth

-4%

2 year growth

-2%

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