LendingRobot has been acquired by Lime Financial. According to an email, Lime Financial is now the majority owner of the company.
Details of the transaction were not provided.
LendingRobot was previously part of Lend Academy Investments, LLC dba NSR Invest. Lend Academy also operates the well -known Fintech Nexus (formerly LendIt) events.
LendingRobot provides portfolio construction, management, analytics, and reporting tools for financial advisors, institutions, and individuals.
According to Lime Financial, it will be combining LendingRobot with its “wide catalog of financial products and offerings that will now be easier to access as an existing LendingRobot client.”
More details on the acquisition will be forthcoming.
LendingRobot started as a peer-to-peer lending platform that leveraged technology to drive higher returns as opposed to individual investors doing it on their own. Over the years, the number of marketplace lending platforms catering to individual investors has declined. At the same time, LendingRobot expanded its offerings to provide access to private securities and more.