Lendio, a Lehi, Utah-based fintech startup and the nation’s largest marketplace for small business loans, today announced it has secured $55 million in funding, including $31 million in equity led by Mercato Partners’ Traverse Fund and a $24 million debt facility from Signature Bank. The funding came from existing investors including Napier Park Financial Partners, Comcast Ventures, Blumberg Capital, Stereo Capital and Runa Capital. Lendio said it will use the funding to increase the scope and precision of its loan marketplace while expanding new bookkeeping and lender services functions.

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