SoMoLend Obtains $400,000 New Financing

  • Feed Type
  • Date
    3/6/2013
  • Company Name
    SoMoLend
  • Mailing Address
    1660 West 2nd Street Cleveland, OH 44113
  • Company Description
    SoMoLend LLC, a company developing a peer-to-peer lending platform for small businesses.
  • Website
    http://www.SoMoLend.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $400,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    The investment will be used to further enhance the software platform, including the addition of social networking features, as well as expand marketing and customer acquisition efforts and develop fund-raising tools and education programs.
  • M&A Terms
  • Venture Investor
    QED Investors

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