Lenda

Lenda (Acquired/Merged)

  • FOUNDING YEAR: 2012
    LOCATION:
    United States
    REGION:
    California
    Last Update:
    14 Feb, 2020

Description

FOCUS

PRODUCTS & SERVICES:
Online Home Refinancing. Helps individuals to avoid hefty commission charged by brokers and steep margins charged by financial institutions.
REVENUE MODEL:
Viewable by subscribers only
MAIN CLIENTS:
Refinancing mortgages and online retailers
COMMENT
Lenda claims that it can close loans in 17 days, nearly 3.5 times faster than the industry average of nearly two months by using proprietary technology to evaluate loan applications quickly. The company uses an automated algorithm which helps the home buyers with suitable loans using details like credit scores, current mortgage and the estimated value of the home. Online tools such as real-time rate quotes, e-signature platforms for paperwork, and secure document upload portals allow users to breeze through the process without telemarketing or excessive paperwork.

PEOPLE

MEDICI analysts will analyze Lenda soon

TRACTION

Insufficient information for accurate analysis

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$10.23 Millions
DATE OF LAST FUNDING:
Sep 2017
SEED & PRIOR FUNDING:
$2 Millions
SEED CLOSED ON:
Sep 2014
FUNDING SERIES:
SERIES A
$5.25 Millions Closed: Sep 2017
Others
$2.98 Millions Closed: Apr 2017
LISTED:
NO

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