Lendio: Acquires Laso’s loan origination software
- Lendio is the nation’s leading small business finance solution provider
- Enables small business owners to apply for multiple loan products with a single application
- Announced its asset purchase of Laso’s Loan Origination Software (LOS) and proprietary insights technology
- This will serve as the foundation for a revolutionary, customer-centric offering for banks
- Financial institutions that have not been able to accommodate the demand for SBA and small business loans
- The new technology will allow to further expand its small business loan marketplace to thousands of lenders
