← Embedded Finance Index 2026

Lendio

Also a provider — view Lendio’s profile →

“Can a small business loan marketplace become the embedded lending infrastructure layer powering banks, SaaS platforms, and financial institutions to offer SMB capital?”

Founded2011
HQLehi, Utah, USA
Total raised$81M
Latest roundSeries A, 2011
IndustryFintech / Lending
The story

Founded in 2011 as a marketplace connecting small businesses to lenders, Lendio built one of the largest SMB loan marketplaces in the US with 75+ lender partners. Over time, it expanded from a direct-to-SMB referral marketplace into an infrastructure and SaaS provider — first launching Lendio Intelligent Lending (a decision engine for banks and credit unions) and then an Embedded Financing product that lets third-party platforms embed Lendio's marketplace with a single line of code. The strategic pivot is from consumer-facing marketplace to B2B2B embedded lending infrastructure.

Last 12 months
2024-01
2025-12
Product timeline
2011
Lendio founded and raised Series A as a small business loan marketplace connecting SMBs with lenders.· lending
2022
Launched Lendio Intelligent Lending decision engine product aimed at banks and credit unions for SMB loan automation.· lending
2023
Dun & Bradstreet became a referral partner, connecting D&B customers to the Lendio marketplace of 75+ vetted lenders.· lending
2024
Launched Embedded Financing SaaS product; Dun & Bradstreet became first implementation, enabling fully embedded loan applications within MyD&B portal.· lending
The stack
2 layers disclosed in Lendio’s embedded-finance stack
Banking / BaaS
Thread Bank
Lending
in the full report
Accounting gap: none
8 more providers across 1 layer, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.