# OptioLend

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

- Industry: Financial Services
- Headquarters: Columbus, US
- Website: www.optiolend.com
- Total disclosed funding: $1M
- Latest round: Seed (Feb 9, 2021)
- Investors on record: 3

## About

OptioLend is an innovative online platform that streamlines commercial real estate financing by connecting borrowers with a diverse network of lenders, facilitating efficient loan acquisition and competitive bidding.Founded in 2019 in Columbus, US, OptioLend specializes in commercial real estate financing through a digital platform. The company was established by Richard Geisenfeld, who has a background in real estate and technology. In February 2021, OptioLend raised USD 1.000 mn in a Seed funding round led by Schottenstein Stores Corp, with participation from LOUD Capital and MLG Capital. This funding marks the company's total amount raised to USD 1.000 mn.OptioLend offers an online platform that facilitates commercial real estate financing by connecting borrowers with a network of lenders. Users can apply for loans from USD 1 million to over USD 100 million through a streamlined application process that takes approximately 15 minutes. The platform employs artificial intelligence to match borrowers with multiple vetted lenders, including local banks and credit unions, ensuring competitive quotes. OptioLend caters to individual investors, brokers, and investment firms across various U.S. markets.OptioLend generates revenue by connecting borrowers with lenders on its platform, facilitating loan transactions for commercial real estate. The platform enables clients to submit loan applications and receive competitive quotes from a network that includes over 5,500 local banks, 3,500 credit unions, and 60,000 bank branches, maximizing lender access without publicly disclosed pricing plans.OptioLend plans to leverage the recent USD 1.000 mn in Seed funding raised in February 2021 to enhance its platform and expand its market presence. The company aims to develop additional product features aimed at improving user experience and efficiency in loan processing. Moreover, OptioLend is targeting expansion into new geographical markets across the United States, with specific regions identified for future growth. Richard Geisenfeld will continue to lead the company as CEO as they pursue these strategic initiatives.

## Funding rounds

- Seed, Feb 9, 2021, $1M — Schottenstein Stores Corp., LOUD Capital, MLG Capital

## Investors

- Schottenstein Stores Corp. — Seed
- LOUD Capital (https://capitalatlas.ai/funds/loud-capital) — Seed
- MLG Capital — Seed