AI Business Loan Company Lending Express Raises $2.7 Million

Israeli startup helps getting loans in less than 24 hours through an artificial intelligence algorithms

Lending Express- Israeli business loan startup- announced that it has raised $2.7 million in a seed investment round led by Entrée Capital and iAngels, as reported by CTech.

Lending Express uses artificial intelligence algorithms in order to match eligible businesses with relevant lenders. The company said capital will be used to develop its loan-matching technology and expand both in the U.S. and Australia.

Founded in 2016 by Israeli entrepreneurs Iri Amirav, Eden Amirav, Guy Zipori and , Amir Leitersdorf, the company has offices in San Francisco and Tel Aviv.

According to CTech, Lending Express was able to grow the total number of loans matched six-fold over the past year, getting to loans of $44.8 million.

Lending Express has more than 55,000 customers.