Alsop Louie Partners and Mucker Capital complement initial $1.7m Seed raise to prepare LoanHero for nationwide expansion in 2016
San Diego, Calif. – January 21, 2016 – Online lender LoanHero, Inc. today announced it has secured an additional $2.5 million in Seed funding. Led by Alsop Louie Partners and Mucker Capital, this investment will allow LoanHero to offer financing to consumers nationwide. Since launching in April 2015, LoanHero has raised a total $4.2 million in equity funding and has achieved a lending capacity of $20 million.
LoanHero was launched to provide consumers with better loan products at the point of sale while addressing pain points for merchants and lenders. A balance-sheet lender, LoanHero has also partnered with multiple strategic lenders to address a wide spectrum of consumer needs across a variety of verticals. The company offers merchants a seamless technology platform with a streamlined application process and analytics dashboard that make it easy to provide c…