Senior Product Designer
LendioSalary not specified
- Full Time
- Senior (5 to 8 years)
About Lendio
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, such as SBA loans, term loans, and lines of credit, which saves time and increases their chances of finding suitable funding. Lendio earns money through referral fees paid by lenders when a loan is successfully funded, aligning their interests with those of their clients. By simplifying the loan application process and providing educational resources, Lendio aims to support small businesses in obtaining the financing they need for growth and sustainability.
Lehi, UtahHeadquarters
2011Year Founded
$78.8MTotal Funding
SERIES_ECompany Stage
Fintech, Financial ServicesIndustries
201-500Employees
Risks
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.
Differentiation
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.
Upsides
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.
Funding
Total raised$78.79 M
Latest valuation$155.00 M
StageSERIES_E
SERIES E
2/29/2020$31
$155.00 MDEBT
1/31/2020$24
SERIES B
7/31/2013$4
$22.50 MSERIES A
1/31/2011$6
$30.00 M