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Salt Lake City —http://www.lendio.com/?campaign=pr"> Lendio, the has completed a series B round of funding for $4.5 million. Runa Capital led the investment, and current investors Tribeca Venture Partners and Highway 12 Ventures also participated.
“We’re excited about this investment in Lendio and believe that the small business lending market is significantly underserved,” said Andre Bliznyuk, partner of Runa Capital. “Lendio has deep relationships with many of the lenders in the space and we’re confident in the team and their strategy.”
Lendio is a free online service that helps businesses find the right type of loan. Lendio works with small business owners and small business lenders across the country to help them connect, providing much needed tools to make the loan process simple on both sides.