“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 C.E.O. 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 $30 million 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.

Read the full press release