Lendio Scores $55mn in Debt & Equity

Lendio, the largest small business loan marketplace, has raised $55mn of debt and equity; the round included $31mn in equity led by Mercato Partners’ Traverse Fund and a $24mn debt facility from Signature Bank; “Lendio’s ability to combine data analytics with the human touch to connect small businesses quickly and precisely with ideal lending partners has made all the difference in its success,” said Ryan Sanders, Senior Investor at Mercato Partners Traverse Fund; the new capital will allow Lendio to further invest in their loan marketplace and expand new bookkeeping and lender services functions; Brock Blake, CEO and Co-Founder of Lendio, said, “With these funds, we are strongly positioned to grow our existing platform as a trusted loan facilitator that supports both lenders and borrowers, while building out a range of new integrated lending services that get the right loans into the right hands at the right time. Lendio

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