According to Business Insider, Lendio has secured a $55M financng round, which included $31 million in equity led by Mercato Partners' Traverse Fund and a $24 million debt facility from Signature Bank. The oversubscribed equity round included participation from Napier Park Financial Partners, Comcast Ventures, and Blumberg Capital.

Lendio is a free online service that helps business owners find the right small business loans within minutes. With a network of over 75 lenders offering multiple loan products, Lendio's marketplace is the center of small business lending.