Online lending platform Lendio announced on Tuesday it has formed a new partnership with cyber protection services platform Acronis to business capital to cyber protection service providers. According to Lendio, Acronis delivers backup, anti-ransomware, disaster recovery, storage and enterprise file sync, and share solutions to more than 500,000 business customers around the world.
The partnership was part of the Lendio’s efforts to help small businesses during the COVID-19 pandemic. The lender will facilitate loans through the Paycheck Protection Program to help small businesses keep workers employed amid the pandemic and to weather the economic downturn. Acronis #CyberFit Financing powered by Lendio will provide the Acronis community with the critical funding needed to survive and operate during these challenging times. Describing the importance of cyber protection, the Lendio team stated:
“Cyber protection, managed service providers and solutions such as Acronis Cyber Protect Cloud are more important than ever to keep data and infrastructure safe from cybercriminals, hackers and malware. Additionally, essential services such as medical, police, government, defense, waste collection and more need reliable IT services to remain operational and effective.”
Speaking about the collaboration with Acronis, Brock Blake, CEO and Co-Founder of Lendio, stated that he and his team are pleased to help facilitate funds for its service provider partners and customers in the cybersecurity space. Blake then added:
“Whether it’s addressing immediate COVID-19-related financial issues or assisting them with longer-term financing solutions down the road, Lendio looks forward to helping these businesses succeed.”