Lenddo Closes Series B Funding Round

Lenddo_LogoLenddo, a NYC-based company that uses non-traditional data for credit scoring and online verification, closed a Series B funding round.

The amount of the deal was not disclosed.

The round was led by new investors AT Capital and Life.SREDA, with participation from existing investors Omidyar Network, Blumberg Capital and Golden Gate Ventures.

The company intends to use the funds to accelerate growth.

Founded in 2011 and led by Richard Eldridge, CEO, Lenddo provides banks, card issuers, telcos, P2P lenders and finTech startups with credit scoring and online verification platform to allow their customers to manage the risks in both web and mobile deployments with results available instantly via API’s or a dashboard.
The company now has live deployments in more than 10 countries since opening up its technology to third parties in January 2015.



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