Lendai, a Miami, FL, Toronto, CA- and Tel Aviv, Israel – based fintech company for foreign investors to access US financing without the need for a US credit history or residency, raised $35M in equity and debt seed funding.
The round was led jointly by Meron Capital and Cardumen Capital, with participation from Discount Capital, Skywell Capital Partners, Mindset Ventures, and Viola Credit.
The company intends to use the funds to expand its services, increase its loan size, bolster offerings, and continue to expand its footprint in the $1T+ underserved foreign investor market.
Led by Yair Benyamini, Co-Founder and CEO, Lendai enables foreign non-resident borrowers investing in the US residential market to access financing through digital solutions that create an efficient online financing process. The streamlined process is made possible due to the company’s AI-driven Triple Digital Underwriting System that underwrites both the US properties and the foreign investor’s creditworthiness simultaneously. Lendai’s digital online process is done from the comfort of the investors’ homes in their countries through the proprietary platform.
Since its founding, Lendai has built a global network of hundreds of real estate service providers and agencies (real estate agents, property management companies, loan brokers, marketplaces, developers, lawyers, accountants, and other lenders). This network extends from Australia, Asia, through the Middle East, Europe, UK, to Canada and the US. They use the Lendai Partner Platform to connect their clients (foreign investors) to US financing.
FinSMEs
09/03/2022