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Lendio Ranked As The 396th Fastest-Growing Company in North America on Deloitte’s 2020 Technology Fast 500™
The company’s revenue growth is driven by its technical ingenuity, agility and innovation as a small business finance solutions provider
Lehi, Utah, Nov. 18, 2020 (GLOBE NEWSWIRE) — Lendio , the nation’s leading marketplace for small business loans, today announced it ranked #396 on Deloitte’s 2020 Technology Fast 500 ™, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences and energy tech companies in North America.
Focused on helping small business owners find and manage the working capital they need to grow, Lendio is a mission-driven, values-based small business solutions provider. Brock Blake, CEO and co-founder of Lendio, credits the company’s growth to its people and their commitment to helping small business owners succeed.
In an unprecedented year that saw one out of five small businesses shut their doors, demand for government relief funding reached unprecedented levels. Lendio’s application and loan matching technology helped to facilitate Paycheck Protection Program loan approvals for more than 115,000 business owners. Additionally, Lendio provided the technology for its financial institution partners to launch a digital PPP loan application. These services proved to be invaluable to small business owners as well as financial institutions in connecting the two parties together to facilitate loans faster and more effectively.
“Lendio’s growth and its impact on the small business community are both the result of a true team effort,” said Blake. “From our innovative product and development teams to our dedicated loan advisors to our customer-focused marketing team, everyone at Lendio is driven by a desire to help small business owners achieve their American dream.”
“For more than 25 years, we’ve been honoring companies that define the cutting edge and this year’s Technology Fast 500 list is proof positive that technology — from software and digital media platforms, to biotech — truly does permeate so many facets of our lives,” said Paul Silverglate, vice chairman, Deloitte LLP and U.S. technology sector leader. “We congratulate this year’s winners, especially during a time when innovation is needed more than ever to address the monumental challenges posed by the pandemic.” Story continues
“Each year the Technology Fast 500 listing validates how important technology innovation is to our daily lives,” said Mohana Dissanayake, partner, Deloitte & Touche LLP, and industry leader for technology, media and telecommunications, within Deloitte’s audit and assurance practice. “We extend sincere congratulations to these well-deserved winners — who all embody a spirit of curiosity, and a never-ending commitment to making technology advancements possible.”
Lendio previously ranked No. 378 on the Technology Fast 500™ list in 2019.
About Deloitte’s 2020 Technology Fast 500™
Now in its 26th year, Deloitte’s Technology Fast 500 provides a ranking of the fastest-growing technology, media, telecommunications, life sciences and energy tech companies — both public and private — in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2016 to 2019.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. Companies must have base-year operating revenues of at least $US50,000, and current-year operating revenues of at least $US5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
Lendio is the nation’s leading small business loan marketplace. With its diverse network of lenders, Lendio enables small business owners to apply for multiple loan products with a single application. To date, Lendio has facilitated over 200,000 small business loans for $10 billion in total funding, including $8 billion in PPP loan approvals as part of government COVID-19 relief. Lendio is a values-driven organization striving to provide equal access to capital to underserved communities and America’s smallest businesses. For every new marketplace loan Lendio facilitates, Lendio Gives—an employee-contribution and employer-matching fund—provides a microloan to a low-income entrepreneur around the world. More information about Lendio is available at www.lendio.com.
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the “Deloitte” name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see www.deloitte.com/about to learn more about our global network of member firms. CONTACT: Spencer Anopol Lendio 801-748-4782 [email protected] TRENDING Anti-Trump Republican Gov. Larry Hogan appeals to ‘exhausted majority’ as he teases presidential bid Larry Hogan, the Republican governor of Maryland, has a simple message: There is another way. Arguing before the Ronald Reagan Institute that this is a nation of “civility and pragmatism,” he observed that “most of us are sick and tired of all the drama.” 22h ago The first round of senior staff appointments reflects a mix of longtime loyalist and Democratic operatives, as well as an absence of high-profile progressives far-left faction of the party. 23h ago Fox & Friends guest compares holiday coronavirus restrictions to ‘separation of families’ Fox & Friends chatted about Americans’ impending “revolt” against the “separation of families” — but not the family separation crisis that has remained unsolved for the past two years.Over the past few weeks, medical experts around the country have warned Americans against having big gatherings this holiday season as COVID-19 case numbers break new records, with some officials putting express limits on how many people can gather in one private residence. But to Fox Business’ Charles Payne, the real problem is the “isolation” that comes with these restrictions — none of which exceed a limit of 10 people in a home. It’s essentially the “separation of families,” Payne continued, with host Steve Doocy agreeing. “Politicians don’t care,” host Brian Kilmeade chimed in.> Fox’s Charles Payne on Thanksgiving: “One of the big, overarching stories with all of this has been the isolation story, the separation of families … The notion that you’re gonna come to my house and count how many people are there, that is separation of families.”>> pic.twitter.com/OdYDM9FSau>> — The Recount (@therecount) November 17, 2020Payne’s choice of words is interesting considering family separation at the border split thousands of children from their parents over the past few years. And unlike the family separation brought about by an effort to slow the spread of a deadly disease, for at least 666 children, their separation may be permanent. Editor’s note: This story has been updated.More stories from theweek.com 7 scathingly funny cartoons about Trump’s refusal to concede Trump is reportedly ‘very aware’ he lost the election but is putting up a fight as ‘theater’ Texas senator suggests it’s too soon to declare Biden the winner because Puerto Rico is still counting votes 1d ago Navalny files defamation suit against Kremlin over spying claims Alexei Navalny is suing the Kremlin over claims that the Russian opposition leader has been working hand in hand with the US intelligence. Mr Navalny, who spent weeks in a coma after a nerve agent poisoning, said on Tuesday that he has filed a lawsuit against Kremlin spokesman Dmitry Peskov over his remarks about Mr Navalny’s alleged ties to the CIA. “I don’t typically sue propagandists… but the important thing here is that Peskov is not merely a person whose job is to spread lies. He is a deputy chief of presidential staff,” Mr Navalny said in an Instagram post, calling Mr Peskov a “mustachioed liar.” Mr Peskov on Tuesday refused to comment on the lawsuit against him. The 44-year-old opposition leader who ran an impressive campaign across Russia before he was barred from running for president in 2018 fell suddenly ill on a plane from Siberia to Moscow in August and spent three weeks in a coma before recovering. Several European laboratories independently confirmed that Mr Navalny was poisoned with the Soviet-era nerve agent Novichok which was used in the 2018 attack on former Soviet spy Sergei Skripal and his daughter. Mr Navalny has pointed the finger at President Vladimir Putin as the only person who could have ordered the Novichok attack. The European Union last month imposed sanctions on six top Russian officials and a chemical research centre over the Navalny poisoning. The Kremlin has denied any involvement in the attack and vowed to slap European officials with visa bans in retaliation. The original claim about Mr Navalny’s alleged ties to the US intelligence was made by Russian parliament speaker Vyacheslav Volodin who accused Mr Navalny of being a CIA spy. Mr Peskov, the Kremlin spokesman, mentioned the allegations in September, claiming that Mr Navanly works with “CIA specialists” who “put in his mouth everything that he says.” President Putin’s most formidable foe, Mr Navalny was discharged from a Berlin hospital in September and remains in Germany to continue his treatment. He has vowed to return to Russia as soon as he has made a full recovery. 22h ago Pentagon says it shot down unarmed missile in sea-based test In a first for the Pentagon’s push to develop defenses against intercontinental-range ballistic missiles capable of striking the United States, a missile interceptor launched from a U.S. Navy ship at sea hit and destroyed a mock ICBM in flight on Tuesday, officials said. Previous tests against ICBM targets had used interceptors launched from underground silos in the United States. If further, more challenging tests prove successful, the ship-based approach could add to the credibility and reliability of the Pentagon’s existing missile defense system. 1d ago A group of conservative thinkers started a new think tank called American Compass, which aims to move the Republican Party beyond clichés about Ronald Reagan’s policies. 1d ago Wauwatosa Police Officer Joseph Mensah, who had been suspended since July, is resigning from the department. 3h ago The FBI is reportedly investigating Texas Attorney General Ken Paxton The FBI is investigating Texas Attorney General Ken Paxton (R) over allegations from his agency’s former top lawyers that he illegally used his office to help a campaign donor and friend, real estate developer Nate Paul, The Associated Press reported late Tuesday, citing two people with knowledge of the investigation. Paxton, who is still awaiting trial on criminal securities fraud charges from 2015, has denied wrongdoing and said he won’t step down.Eight former top officials accuse Paxton of bribery, abuse of office, and other crimes. Since those aides contacted federal authorities about their allegations between Sept. 30 and Oct. 1, four were fired, three resigned, and one was placed on leave. Four of them have filed a whistleblower suit against Paxton in state court.Paxton allegedly helped Paul in at least four ways, including ordering his office to hire an outside lawyer to pursue Paul’s claim that the FBI improperly searched his home and office last year. Paul said in a deposition last year he had hired a woman on Paxton’s recommendation, but not as a favor — Paxton had reportedly carried out an extramarital affair with the woman. The full scope of Paxton’s ties to Paul are not known, AP notes.Before AP revealed the FBI investigation, Paxton said in a statement Tuesday that allegations against him are “overblown, based upon assumptions, and to a large degree misrepresent the facts,” the Austin American Statesman reports. “I make no apologies for being a fierce investigator and defender of individual rights in the face of potentially unreasonable and authoritarian actions,” he added. “Doing so is not favoritism. It is doing what the people of Texas expect from every law enforcement agency, their attorney general, and the staff of this office.”Paxton, it might be noted, is not intervening in accelerating federal land seizures of private property in the Rio Grande Valley to build President Trump’s border wall. Last week, for example, government lawyers filed a “motion for immediate possession” of a strip of an elderly landowner’s ancestral lands in Mission, Texas, NPR reports. In 2017, Paxton, previously a defender of private property rights against federal infringement, said he was fine with Trump comandeering land for his border wall as long as the Texas landowners are “compensated fairly.”More stories from theweek.com 7 scathingly funny cartoons about Trump’s refusal to concede Trump is reportedly ‘very aware’ he lost the election but is putting up a fight as ‘theater’ Texas senator suggests it’s too soon to declare Biden the winner because Puerto Rico is still counting votes 10h ago Taiwan grounds F-16 fighter fleet after jet disappears during a nighttime training mission Taiwan has grounded all of its F-16 fighter jets for safety checks as rescuers continue to search for one that went missing during a training exercise, authorities said Wednesday. The decision removes around 150 planes from Taiwan’s skies, leaving the democratic island relying on an even more limited fleet to warn off Chinese jets that have been buzzing it at an unprecedented rate in recent months. The air force said a single-seat F-16 flown by a 44-year-old pilot disappeared from radar at an altitude of some 6,000 feet (1,800 metres) two minutes after taking off from Hualien air base in eastern Taiwan on Tuesday night. The disappearance comes less than three weeks after a pilot was killed when his F-5E fighter jet crashed into the sea during training, prompting a similar grounding. “The rescue mission is our top priority now. The air force has grounded all F-16s for checks and I’ve instructed an investigation into the cause of the incident,” President Tsai Ing-wen told reporters. Taiwan lives under the constant threat of invasion by China, which views the island as its own territory and has vowed to seize it one day, by force if necessary. 7h ago Biden filling top White House team with campaign veterans President-elect Joe Biden announced a raft of top White House staff positions on Tuesday, drawing from the senior ranks of his campaign and some of his closest confidants to fill out an increasingly diverse White House leadership team. Biden confirmed that former campaign manager Jen O’Malley Dillon will serve as a deputy chief of staff, while campaign co-chair Louisiana Rep. Cedric Richmond and campaign adviser Steve Ricchetti will hold senior roles in the new administration. Richmond will leave his Louisiana congressional seat to fill the White House job. 1d ago As U.S. Senate battle intensifies in Georgia, allegations fly As the battle for control of the U.S. Senate intensified in Georgia, Democratic candidate Jon Ossoff on Tuesday suggested an ally of President Donald Trump may have committed a crime in approaching the top state election official about vote counting. Ossoff, who is running to unseat Republican Senator David Perdue in a pair of Jan. 5 runoffs that will determine Senate control, expressed concern about Georgia Secretary of State Brad Raffensperger’s claim that Republican Senator Lindsey Graham questioned the validity of legally cast absentee ballots in an effort to reverse Trump’s narrow loss to President-elect Joe Biden in the state. 19h ago Rep. Tlaib raises possibility of investigation into Trump administration handling of U.S. Census Rep. Rashida Tlaib, D-Mich., tells Yahoo News National Correspondent Alexander Nazaryan that House investigations into potential wrongdoing by the Trump administration could be considered after President Trump leaves the White House. Tlaib, a member of the House Oversight Committee, says, “One of the areas that I don’t know if I could let go is regarding what happened with the U.S. Census.” 17h ago