Lendio

Deal Snapshot

Company: Lendio, Inc.

Website: lendio.com

Sector / Category: Small business lending marketplace / embedded finance + lender services

Headquarters: Lehi, Utah, USA

Founded: 2011

Investor: Frazier VC

Deal Type: Secondary

Status: Realized

Company Overview

Lendio operates a marketplace that helps small businesses apply for and access financing by matching them with lending options, and it also provides tools and services that support community lenders and SMB lending workflows.

Public Funding / Capital Events

Feb 27, 2020 — $55M Series E financing (equity + debt)Lendio announced $55M in capital, including $31M in equity led by Mercato Partners’ Traverse Fund and a $24M debt facility from Signature Bank; the release also names several participating investors.

Sep 16, 2021 - Merger/Acquisition with Laso (New York)

Investment Summary

Frazier VC purchased secondary shares in Lendio in December 2019. The investment has been realized.

Why We Invested

We invest in scalable platforms with strong growth potential and clear differentiation. Lendio sits in a durable market where small businesses consistently need access to capital, and marketplace dynamics can strengthen with lender coverage, data, and distribution. We also like workflow-embedded models where product depth and partner integrations can create meaningful defensibility over time.

Other Investors

Mercato Partners

Napier Park Financial Partners

Comcast Ventures

Blumberg Capital

Stereo Capital

Runa Capital

Signature Bank (debt facility)