LendAmend, a Los Angeles, Calif.-based service focused on leveraged loan amendments, raised $750,000 in Series A funding.
The round was led by Tech Coast Angels.
LendAmend provides a SaaS solution designed to enhance compliance, ease administrative burdens and add critical transparency. The company’s workflow tools include secure PIN-based electronic signature pages, custom compliance reporting tools that allow compliance officers to monitor and control access to material non-public information (MNPI) and document communication processes as required of Registered Investment Advisors, streamlined communication settings facilitating internal communication integrated with communication environments that connect lenders of record and enhanced visibility into the status and likelihood of passage of an amendment.
Registered members of LendAmend include CLO managers, banks, hedge funds, insurance companies, asset managers, mutual funds and other institutional investors in the syndicated bank loan market.