Lending Loop, a Toronto, Canada-based financial technology startup, received its first round of financing from the Kirsh Group.
The amount of the deal was not disclosed.
The company intends to use the funds to launch its peer-to-peer lending marketplace.
Led by Cato Pastoll, CEO, Lending Loop has just launched to businesses across Canada, aiming to be the first platform that connects businesses seeking capital with Canadian lenders. As of today, businesses are able to complete a loan application on the website with the lending component of its marketplace to be rolled-out in the coming weeks. Interested investors can sign up for updates at www.lendingloop.ca.