LendPro, a Charlottesville, Virginia-based in-store consumer financing platform, received an investment from the Center for Innovative Technology‘s CIT GAP Funds.
The amount of the transaction was not disclosed.
Te company intends to use the funds to continue to grow.
Launched in the second quarter of 2012 and led by David Weyher, CEO, LendPro provides a software as a service (SaaS) platform that is designed to improve customers’ credit application outcomes at the point of sale. It does so by providing a paperless process that engages multiple lenders in an in-store financing application.
The company has LendPro has nearly 200 paying retail locations.
FinSMEs
09/07/2013