Lending Loop secures $2 mln in MaRS IAF-led financing
Toronto peer-to-peer lending marketplace Lending Loop has raised $2 million in financing. The round was led by Canadian early-stage venture capital fund MaRS Investment Accelerator Fund and joined by finance and technology investors. Lending Loop said the funds raised backed the roll-out its new automated investing product, Auto-Lend, and will support new product expansion. Founded in 2014 by CEO Cato Pastoll and CTO Brandon Vlaar, Lending Loop has facilitated more than $7 million of small business financing with the help of over 9,500 investors. It closed its seed round in 2015.
2 August 2017•3 mins read
