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Lendio Raises Growth Stage Venture Funding

Wednesday, March 25, 2015 5:16:00 AM PDT | VentureDeal
   South Jordan, Utah  --  Financial services technology company Lendio has landed $20.5 million in venture capital investment.

Lendio operates an online service that helps small businesses obtain loans.

Napier Park led the round, which included investors such as Blumberg Capital, Pivotal Investments, North Hill Ventures, Tribeca Venture Partners and others.

The company said it would use the funding to accelerate its online innovation processes and expand partnerships.

Lendio previously raised financing of $4.5 million in August 2013.

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