The lending space has been buzzing as of late with small business lending company OnDeck Capital announcing a $150M IPO, and P2P lending platform Lending Club reportedly exploring a sale as an alternative to its impending IPO. While both exits could mean large windfalls for investors, there are a host of other lending companies who will be keenly watching the fate of these two firms.
Below we’ve highlighted 10 US VC-backed lending companies which you should watch. The list ranges from more established players with lots to lose like AvantCredit, Kabbage and Prosper, who have raised over $1B cumulatively, to more early-stage companies like the Sequoia-backed Zazma.
The performance of OnDeck and Lending Club over the next 6 months will be telling for these lending companies, as well as for startups that have risen to service this space, such as Orchard Platform, ZestFinance, and Lendio. We’ve also noticed a dramatic increase in international lending companies. Stay tuned for more on this in the near future.
|Company||Total Funding ($M)||Last Equity Funding Round||Main Market||Select Investors|
|AvantCredit||1050.0||Series D||Consumer||Tiger Global Management, August Capital, Jefferies & Company|
|Kabbage||464.0||Series D||Small Business||Softbank Capital, BlueRun Ventures, SV Angel|
|Prosper Marketplace||189.9||Growth Equity||P2P||DFJ, Sequoia Capital, Accel Partners, Benchmark|
|Swift Financial Corporation||68.7||Venture Capital||Small Business||Village Ventures, Sutter Hill Ventures, Permit Capital|
|LendUp||68.0||Series A||Consumer||KPCB, Google Ventures, Y Combinator, Andreessen Horowitz|
|CAN Capital||63.0||Growth Equity||Small Business||Accel Partners, Meritech Capital Partners, Ribbit Capital|
|Earnest||18.5||Series A||Consumer||Atlas Venture, Maveron, First Round Capital, Greycroft Partners|
|Fundbox||17.5||Series A||Small Business||Khosla Ventures, SV Angel|
|Zazma||10.0||Series A||Small Business||Spark Capital, Sequoia Capital|
|AssetAvenue||3.0||Seed VC||P2P (Real Estate)||Matrix Partners, Launchpad LA, BAM Ventures|
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