“Can a small business loan marketplace become the embedded lending infrastructure layer powering banks, SaaS platforms, and financial institutions to offer SMB capital?”
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.
Lendio discloses Thread Bank as its banking provider, according to the Embedded Finance Index 2026.
Lendio does not disclose a bank charter of its own; its banking services are provided through Thread Bank.
The Embedded Finance Index 2026 maps 2 layers in Lendio's stack: Banking / BaaS (Thread Bank); Lending (SMB marketplace loans, Revenue-based financing, Merchant cash advance, Business line of credit and 4 others).
Lendio is founded in 2011 and headquartered in Lehi, Utah, USA.
Lendio has raised $81M in total (latest round: Series A, 2011).
Get a read on where your own stack stands against Lendio and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.