Lendio’s Marketplace Posts 1,175 Percent Growth

In a sign that small business lending may be well on its way to moving beyond the traditional conduits of big banks and other larger financial players, online platform Lendio, which helps smaller companies find access to capital, reported heady growth for 2015.

The company said Wednesday (Feb. 24) that its revenues were up more than 100 percent year over year, with one figure posting growth of more than 1,000 percent — 1,175 percent to be exact — as the company facilitated more than $128 million in funding last year.

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