Grouplend Raises $10.2M in Financing

grouplendGrouplend, a Vancouver, BC-based online lending platform, raised $10.2m in financing.

The round was led by Markus Frind, CEO of PlentyofFish, and Lance Tracey, founder of Peer 1 Hosting and Sutton Real Estate Group.

The company intends to use the funds to, to double the size of its team by the end of 2015, bringing on additional software engineers and data scientists as well as credit people, marketers and operators, as well as to accelerate growth in Canada.

Launched 10 months ago by Kevin Sandhu, CEO, Grouplend leverages software and advanced data science to reduce interest rates and service time.



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