# Lenda

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/lenda

- Industry: Internet
- Headquarters: San Mateo, US
- Website: www.lenda.com
- Total disclosed funding: $8.9M
- Latest round: Series A (Sep 11, 2017)
- Investors on record: 14

## About

Lenda, Inc. is a technology-driven company focused on transforming the mortgage lending process, offering a streamlined digital platform that enhances efficiency and user experience for borrowers and lenders alike.Founded in 2012 and headquartered in San Mateo, US, Lenda, Inc. specializes in mortgage lending solutions. The company was acquired by Reali, Inc. in April 2019, although prior to this, it had successfully completed 9 deals in its funding journey. The latest funding round was a Series A in which the company raised USD 5.25 mn led by SF Capital Group, also securing participation from CreditEase Corp. and Rubicon Venture Capital.Lenda.com specializes in providing innovative solutions for the mortgage lending process, streamlining the experience for both borrowers and lenders. Their core offerings include a digital platform that facilitates the application, approval, and management of mortgage loans. By leveraging technology, Lenda.com addresses pain points such as lengthy paperwork and slow processing times, aiming to create a more efficient and user-friendly experience for customers seeking home financing. Their services cater primarily to individual homebuyers and real estate investors in the United States, with a focus on major metropolitan areas known for high real estate activity, including California, New York, and Texas. The platform is designed to enhance transparency and accessibility in the mortgage lending industry, thus making it easier for users to navigate their financial options.Lenda.com generates revenue through a structured model based on service fees associated with mortgage transactions. Clients typically engage with the platform for a seamless online mortgage application process, which includes a range of services from initial consultation to loan closing. The company implements a fee structure that charges clients a percentage of the loan amount as a service fee, which is paid at the closing of the loan. This model allows for both direct-to-consumer transactions as well as potential partnerships with real estate agents and financial institutions that refer clients to Lenda.com. The pricing plans are aligned with the level of service provided, ensuring that end-users receive tailored support throughout their mortgage journey while enabling Lenda.com to maintain a steady revenue stream through these strategic partnerships.Lenda, Inc. is poised for future growth following its acquisition by Reali, Inc. The company is expected to leverage the resources of its parent company to enhance its product offerings and expand into new markets. Details of upcoming products were not specified, but the focus will likely be on enhancing the mortgage lending platform. Additionally, the acquisition may allow Lenda to explore new geographic areas beyond its current focus on major metropolitan areas. The recent funding from the Series A round will likely be utilized to support these growth initiatives, though specific allocation details were not disclosed.

## Funding rounds

- Series A, Sep 11, 2017, $5.3M — SF Capital Group, CreditEase Corp., Rubicon Venture Capital
- Seed, Nov 24, 2015, $2M — 500 Global, Lakestar, Rubicon Venture Capital
- Seed, Sep 3, 2014, $1.5M — Quest Ventures, Structure Capital, Winklevoss Capital, China Growth Capital, Rubicon Venture Capital, ZenStone Venture Capital, Scale Asia Ventures
- Seed, Mar 21, 2014, $0.1M — 500 Global, Berlin Ventures, Monthly Ventures, Startup Monthly

## Investors

- 500 Global (https://capitalatlas.ai/funds/500-global) — Seed
- Berlin Ventures (https://capitalatlas.ai/funds/berlin-ventures) — Seed
- Monthly Ventures — Seed
- Startup Monthly — Seed
- Quest Ventures (https://capitalatlas.ai/funds/quest-ventures) — Seed
- Structure Capital (https://capitalatlas.ai/funds/structure-capital) — Seed
- Winklevoss Capital (https://capitalatlas.ai/funds/winklevoss-capital) — Seed
- China Growth Capital (https://capitalatlas.ai/funds/china-growth-capital) — Seed
- Rubicon Venture Capital (https://capitalatlas.ai/funds/rubicon-venture-capital) — Seed, Series A
- ZenStone Venture Capital (https://capitalatlas.ai/funds/zenstone-venture-capital) — Seed
- Scale Asia Ventures (https://capitalatlas.ai/funds/scale-asia-ventures) — Seed
- Lakestar (https://capitalatlas.ai/funds/lakestar) — Seed
- SF Capital Group — Series A
- CreditEase Corp. — Series A