Tagged: lendio

Milestone: Lendio Surpasses 213,000 PPP Loans; Totaling to Nearly $10 Billion

  Online lending platform Lendio recently announced it has facilitated more than 213,000 Paycheck Protection Program (PPP) loan approvals, totaling $9.8 billion. According to Lendio, the PPP re-opened in January 2021 with new rules implemented by Congress intended to equitize access to relief funding for minority-owned… Read More

U.S. Fintech Camino Financial Partners With Lendio to Provide Small Business Funding to Underserved Communities

Photo courtest velkr0 on Flickr: http://www.flickr.com/photos/velkr0/

  Camino Financial, a U.S.-based fintech that is seeking to provide affordable credit and financial products for underserved small businesses, announced on Wednesday it has teamed up with Lendio to provide small business funding to underserved communities, specifically for Black and Latinx communities.  Founded in 2014,… Read More

Lendio’s Brock Blake: Even Amid 2020 Turbulence, We Saw an Increase in Annual Revenue

  Despite the many struggles that many experienced in 2020, digital loan marketplace Lendio was able to survive the past twelve months with an increase in annual revenue. Since platform launch, Lendio has facilitated $10 billion in over 216,000 loans. Lendio works with more than 74… Read More

Lendio Announces Plans to Hire 190 Full-Time Temporary-to-Hire Employees

  Online lending platform Lendio announced on Wednesday its plans to hire a total of 500 employees by the end of January 2021. The online lender is set to hire 190 full-time temporary-to-hire employees by January 7th, with the help of recruiting firm, PrincePereison. “During… Read More

Lendio Announces Relaunch Paycheck Protection Program Loan Application For Small Businesses

  Online lending platform Lendio announced on Tuesday it has relaunched its online application for small business owners to access the government funds that are set aside for additional Paycheck Protection Program (PPP) loans. As previously reported, the PPP is part of the $2 trillion… Read More

Lendio Joins Mastercard Start Path’s Global Network of Fintech Innovators

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: “Start Path is our global startup… Read More

Lending Marketplace Lendio Provides $500,000 in Microloans to Women Owned Businesses in Kiva Parntership

Lendio, an SME lending marketplace, has announced that “Lendio Gives,” its employee-contribution and employer-matching program, has provided more than 20,000 Kiva micro-loans to entrepreneurs in the developing world with 19,417 delivered to women-owned businesses in 79 countries. Kiva is a non-profit lending platform well known… Read More

Fintech 250 List from Leading Business Analytics Firm Features 32 Unicorns including Affirm, Coinbase, Robinhood, Among Many Other Multinationals

CB Insights, a private New York based firm with a business analytics platform and database that offers market intelligence on private companies and investor activities, recently published its Fintech 250 (2020), which is its annual ranking of what it considers the “top” private global Fintech… Read More

Lendio’s New Report Reveals How Network of Lenders Converged to Secure $8 Billion in PPP Loan Approvals (Infographic)

Online lending platform Lendio announced on Wednesday its latest report reveals how its network of lenders converged to help secure $8 billion in Paycheck Protection Program (PPP) approvals. The lender reported that more than 100,000 small business owners utilized its online application to access the… Read More

SME Loan Marketplace Lendio Partners with Web.com

Lendio, a marketplace for small business loans, has partnered with Web.com Group, a web technology firm, according to a release. Through the partnership with Lendio, Web.com Group will provide its customers with access to capital. Brock Blake, CEO and founder of Lendio, said his company… Read More

Online Lender Lendio Announces Winners of $200,000 in Small Business Grants

Online lending platform Lendio announced on Friday the winners of a $200,000 grant program aimed at helping its small business customers recover from economic hardship caused to the global COVID-19 pandemic. Lendio reported that Through the program, 23 small business owners have been selected to… Read More

Lendio Facilitates $8 Billion in Paycheck Protection Program Loans to 100,000 Small Businesses (Infographic)

Online lending platform Lendio announced on Wednesday it has facilitated $8 billion in Paycheck Protection Program (PPP) loans for 100,000 small businesses to date. The lender reported that it has supported 300 SBA-approved financial institutions and fintech lenders across the country, as well as helped… Read More

Lendio Partners With Lendistry to Provide Economic Opportunities & Progressive Growth For Minority Small Business Owners

  Online lending platform Lendio announced on Tuesday it has formed a new partnership with Lendistry, an online lender that focuses on providing economic opportunities and progressive growth for minority small business owners and those in underserved communities. Lendio reported that through this partnership, it… Read More

Lendio to Partner With Financial Institutions to Power Paycheck Protection Program Loan Forgiveness Application Process

Online lending platform Lendio announced on Friday it will partner with financial institutions across the U.S. to power the forgiveness application process for Paycheck Protection Program (PPP) loans.  As previously reported, the PPP is part of the $2 trillion CARES Act signed on March 27,… Read More

More Fintech Please: Lendio CEO Brock Blake Comments on Paycheck Protection Program Process

  The Paycheck Protection Program (PPP), part of the CARES Act, has emerged as an exceptionally popular policy program by the US government in its efforts to support a faltering economy. In brief, the PPP provides a loan for 2.5X times monthly payroll for struggling… Read More

SBA Has Lent $48.5 Billion in First 24 Hours of Round Two of Paycheck Protection Program

The Small Business Administration (SBA) has processed $48.5 billion in the first 24 hours of the second round of the Paycheck Protection Program (PPP). The SBA lending platform has struggled to maintain pace of the demand and crashed during the early hours as banks and… Read More

Lendio Joins Forces With Mindbody to Expedite COVID-19 Relief Funding to Small Business Customers

Online lending platform Lendio announced on Tuesday it has joined forces with wellness industry technology platform, Mindbody, to expedite relief funding through the Paycheck Protection Program (PPP) to small businesses that are struggling during the COVID-19 pandemic. According to Lendio, Mindbody’s software solution links hundreds… Read More

Better Hurry: After Connecting 70K SMEs to PPP Money, Lendio Says New Money will be Gone Quickly

Earlier today, President Donald Trump signed into law the H.R. 266 or the “Paycheck Protection Program and Health Care Enhancement Act.” The law adds about $500 million in funding to the Paycheck Protection Program (PPP) under the previously approved CARES Act. The PPP provides payroll… Read More

Fintech Lendio Partners with Jack Henry & Associates to Speed Up PPP Process

Fintech Lendio has formed a partnership with Jack Henry & Associates (NASDAQ: JKHY) to speed up the Paycheck Protection Program (PPP) process to get money to impacted SMEs faster. Lendio has already processed over 70,000 PPP loan applications for around $5.8 billion in total funding…. Read More

Once Economy Shifts from Respond to Recover, Fintechs May Benefit: Report

Many Fintechs are actively engaged in supporter consumers and businesses in the battle to survive in an economy battered by the COVID-19 pandemic. Simultaneously, some funding has dried up putting some startups at risk. This may include Fintechs. Yet one report expects that Fintechs may… Read More

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