US-based loan comparison platform Fundera received $11.5m in series B funding yesterday led by Susquehanna Growth Equity, an affiliate of quantitative trading firm Susquehanna International Group.
The round also included QED Investors, Khosla Ventures and First Round Capital.
Launched in February 2014, Fundera enables small business owners to shop pre-screened online loan providers, and apply for financing within minutes. The company claims to have facilitated a total of $60m in loans to more than 1,200 applicants to date.
Fundera secured $3.4m in series A funding from Khosla, First Round, Lerer Ventures, SV Angel and assorted angel investors in February 2014.