Fintech startup Lendified raises up to $24 mln in funding
Toronto-based lending technology platform Lendified Holdings Inc has agreed to receive up to $20 million in a credit facility provided by Liquid Capital Corp, a Canadian factoring and trade finance business. At the same time, the company secured $4 million in mezzanine financing via a private placement. Founded in 2015 by CEO Troy Wright and President Kevin Clark, Lendified operates an online credit marketplace that provides fixed-rate working capital loans and other financial services to small businesses. It plans to use the funds raised and partnership with Liquid Capital to support the growth of its lending activities in Canada.
18 August 2016•5 mins read
