Online lending platform Lendio announced on Tuesday it has joined Mastercard Start Path’s global network of fintech innovators. According to its description, the engagement program is dedicated to fintech innovators that are building the future of commerce. Mastercard states:
Lendio further revealed that the program evaluates more than 1,500 applications each year and selects approximately 40 companies that offer the most promising technologies and future scalability.
“Lendio and Mastercard are further aligned through shared missions to support the underserved and make access to capital more inclusive. Lendio has made heavy investments in the CDFI network to further its mission to close the credit gap. Partnering with industry leaders like Mastercard that have the same regard and respect for all small business owners will help bring this goal to fruition.”
Speaking about the company being selected, Brock Blake, CEO and Co-Founder of Lendio, stated:
“Lendio is honored to be among the companies selected for Mastercard Start Path. From our high-tech, high-touch loan marketplace to our Sunrise bookkeeping platform to our technology solutions for lenders, we’re determined to continue innovating and fueling the small business economy.”
Amy Neale, Senior Vice President, Start Path & Fintech at Mastercard, concluded:
“We are seeing an accelerated shift to digital – the bedrock of fintech – and evolving consumer habits which have created an immediate need for new solutions. Mastercard has selected Lendio to join its ecosystem of innovators and will provide them with the tools, resources and the mentorship they need for success on their scaling journey.”