Chicago, July 28, 2016 – LQD Business Finance, a Chicago-based, technology-enabled alternative lender that provides small and medium-sized businesses with structured loans, announced that it has completed a Series A round of financing with Atlanta-based investment firm, Fintech Ventures Fund. The new round of financing will help accelerate growth and continue national expansion.
“We are pleased to be partnering with the team at Fintech Ventures Fund. We feel that Fintech Ventures’ focus on technology-enabled lending gives the Fund a unique insight into the space and makes them a valuable addition,” says LQD CEO George Souri.
“We have seen almost every business lending company out there, and believe strongly that LQD—because of the larger loan market it’s targeting and the strength of its underwriting and risk management—is uniquely positioned to win in its targeted market. LQD is not just another marketplace or short-term lender, but a real paradigm shifting model in terms of business lending. We believe in LQD’s experienced and talented management team, and we are happy to partner with them to grow LQD into a national leader,” says Serguei Kouzmine, General Partner of Fintech Ventures Fund.
The Series A Round continues LQD’s run of milestone achievements, including the closing of a $30MM facility with Route 66 Ventures in November of 2015. “We spent a lot of time building a solid foundation so that we could grow effectively. Our partnership with Fintech Ventures is another step towards our goal of fundamentally transforming business lending,” says Souri.
About LQD Business Finance
LQD is a national fintech startup and commercial lender that offers businesses greater options for their financing needs versus those offered by banks or existing online lenders. LQD provides structured, transparent, and affordable loans of up to $5MM in as little as 10 days to a range of businesses, and approves loans through its proprietary underwriting and risk management platform, LQD Matrix.
Team Lead, Marketing, LQD Business Finance
Phone: (312) 444-0624