Lendio Claims Spot on Deloitte’s 2019 Technology Fast 500™

Based on revenue growth, Lendio is ranked No. 378 on the list of the fastest-growing technology companies in North America

SILICON SLOPES, Utah – November 7, 2019 – Lendio, the nation’s largest marketplace for small business loans, today announced it ranked No. 378 on Deloitte’s 2019 Technology Fast 500™, an annual ranking of the 500 fastest-growing technology, media, telecommunications, life sciences and energy tech companies in North America now in its 25th year.

Lendio’s CEO, Brock Blake, credits the company’s revenue growth to its unique position in the fintech space. He said, “There are more players in the non-traditional lending space than ever before. As a marketplace, Lendio is able to give business owners a big-picture view of their capital options. Lendio’s high-tech matching algorithm streamlines the application and approval processes, while its consultative approach to funding gives small business owners the full-service experience they seek.”

Lendio was founded in 2011 by Brock Blake and Trent Miskin. The company has since become the largest small business loan marketplace in the U.S., with more than 75 of the nation’s top lenders on its platform. To date, the company has facilitated more than $1.7B in financing through more than 90,000 loans to small business owners across the U.S.

“This year marks the 25th anniversary of Deloitte’s Technology Fast 500, so we are especially pleased to announce and congratulate the 2019 winners,” said Sandra Shirai, vice chairman, Deloitte LLP, and U.S. technology, media and telecommunications leader. “Once again, we saw innovation across the board, with software companies continuing their dominance of the top ten. It’s always inspiring to see how the Fast 500 companies are transforming business and the world we live and work in.”

“As technology innovation trends towards ‘everything as a service,’ it’s no surprise that software companies dominate the winners list yet again this year,” said Mohana Dissanayake, partner, Deloitte & Touche LLP, and industry leader for technology, media and telecommunications, within Deloitte’s audit and assurance practice. “What’s exciting about celebrating 25 years of the Tech Fast 500 is we now have a quarter-century of innovation stories to draw and reflect upon. These are the companies that push boundaries, help organizations become more efficient and productive, and ultimately enable businesses to drive growth and revenue. We congratulate all the well-deserving winners.”

About Deloitte’s 2019 Technology Fast 500™

Now in its 25th 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 2015 to 2018.

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.

About Deloitte

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