NEW YORK, NY, LendingFront received an investment from Las Olas Venture Capital.
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Las Olas Venture Capital (www.lasolasvc.com) announces an investment in LendingFront (www.lendingfront.com), an innovator in the massive and important small business lending market.
Continuous integrated monitoring (CIM) of the business life cycle yields superior risk management, more efficient relationship management, faster decision-making and less manual processing. LendingFront offers the first platform built specifically to tap the vast and underserved market of short-term small business lending.
'LendingFront solves a fundamental problem in our economy by making small business lending more efficient. We're very excited to have partnered with Jorge Sun and Dario Vergara as the first institutional investor behind LendingFront,' said Esteban Reyes, a Founding Partner at Las Olas Venture Capital.
Small businesses drive the U.S economy as the biggest source of employment. LendingFront's lending automation platform enables banks to make small business loans up to ten times faster and at a fraction of the cost of traditional methods.
'We are excited to be working with Las Olas Venture Capital in building the next generation lending technology platform,' said Sun. 'We feel LOVC can help increase our chances of success because of their experience in building and investing in B2B enterprise solutions. They have been great partners and Dario and I look forward to an amazing journey.'
About Las Olas Venture Capital
Las Olas VC is a Florida-based early stage venture capital manager that invests in startups in a variety of industries. Las Olas VC's mission is to find outstanding entrepreneurs in non-obvious places and maximize their impact by connecting them to networks of capital, talent, and customers in well-established startup ecosystems. Dean Hatton, Esteban Reyes, Paul Tanner and Mark Volchek are the Founding Partners of Las Olas VC.