Lending Express operates an AI-powered marketplace that matches small and medium-sized businesses with the most relevant lenders and funding products at no cost. Its proprietary AlgoScore™ and MatchScore™ algorithms predict likelihood of funding and match SMBs with lenders and terms to increase conversion rates. The platform partners with more than 25 lenders and offers unsecured business loans, lines of credit, merchant cash advances, and invoice factoring. Lending Express reports over 55,000 customers and has connected SMBs to roughly $44.8M in funding since operations began in 2016 Q4, with its site showing over $40M in SMB loans funded. Over the past 12 months the company increased the total number of loans matched six-fold and expects to quadruple US funding from $1.3M to $5.2M within three quarters. The company plans to use new capital to build out its loan-matching technology and scale operations in the United States and Australia, with broader expansion implied.

Total raised

$3M

Funding rounds

1

Latest round

Seed

Latest activity

May 2018