Lendio Closes $55M Series E Funding Round Led by Mercato Partners

Lendio, the nation’s largest marketplace for small business loans, today announced it has secured $55 million in capital, including $31 million in equity led by Mercato Partners’ Traverse Fund and a $24 million debt facility from Signature Bank. The equity round was oversubscribed by existing investors including Napier Park Financial Partners, Comcast Ventures, Blumberg Capital, Stereo Capital and Runa Capital. The funding enables Lendio to increase the scope and precision of its loan marketplace while expanding new bookkeeping and lender services functions. “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