Startups
At SoMoLend, our passion is supporting small businesses and startups. We make it easy for entrepreneurs to secure financing so that worthy ventures will succeed!
With SoMoLend's funding platform, business borrowers can connect with local investors to secure small business loans all at lower than average rates. Check out SoMoLend.com to borrow and lend today!
With SoMoLend's funding platform, business borrowers can connect with local investors to secure small business loans all at lower than average rates. Check out SoMoLend.com to borrow and lend today!
Overview
Location
United States, Ohio, Cincinnati
Employees
51-200
Phone
+1 513-421-7100
Total raised
$3.35M
Founded date
2011
Funding Rounds 2
| Date | Series | Amount | Investors |
| Sign up to see | Sign up to see | Sign up to see | Sign up to see |
| May 15, 2012 | Seed round | $1.17M |
Mentions in press and media 12
| Date | Title | Description |
| Sign up to see | Sign up to see | Sign up to see |
| Aug 16, 2013 | The State of Ohio Takes on Crowdfunding and SoMoLend | The State of Ohio has taken the first step in taking down a pioneering crowdfunding site but could also be critically wounding the State’s growing entrepreneurial clout. In balancing the interests of both startups and investors, Ohio is mak... |
| May 6, 2013 | What Google’s Investment In Lending Club Means For Crowdfunding | As we reported last week, Google has led a $125 million investment round in Lending Club. This round placed a value of $1.55 billion on the Silicon Valley based peer-to-peer lending platform. The move by Google may signal future dominance b... |
| Mar 7, 2013 | SoMoLend Raises $400K; Closes $2.18M Seed Funding | SoMoLend Holdings, a Cincinnati-based debt crowdfunding platform, recently raised $400k and closed its $2.18m seed funding round. QED Investors provided the latest funds. The company intends to use the capital to continue to develop the pla... |
| Mar 6, 2013 | SoMoLend Closes $2M Seed Round | CINCINNATI, OH, Debt-based crowdfunding platform, announced today it has closed its $2.18 million seed-stage-funding round. >> Click here for more funding data on SoMoLend >> To export SoMoLend funding data to PDF and Excel,... |
| Jan 10, 2013 | The Wisdom of Crowdfunding | By L.A. LOREK Founder Silicon Hills News Crowdfunding will lead to an explosion in entrepreneurship, innovation and job creation in the U.S., according to its advocates. “We’ll go from 60,000 angel investors to six million angel investors o... |
| Dec 4, 2012 | Pierogi Story Emerges from Crowdfunding Workshop Hosted by Bad Girl Ventures | I was at Shaker LaunchHouse for a crowdfunding workshop organized and led by Reka Barabas of Bad Girl Ventures. BGV is an organization focused on funding female-owned businesses in the greater Ohio area. CoolCleveland was… well, cool enough... |
| Aug 31, 2012 | 6 Ways To Win Every Startup Competition You Enter | OK. That’s an exaggeration. Odds are you can’t win every startup competition you enter. But you could win 92.59%. Candace Klein did. Klein is the founder and CEO of a new peer-to-peer lending platform called SoMoLend and she’s won 25 of the... |
| May 15, 2012 | SoMoLend Raises $1.17M | SoMoLend, an Ohio-based software-as-a-service lending platform focused on the social, mobile and local aspects of the loan market, has raised $1.17m in seed financing. The round was led by CincyTech, with participation from Queen City Angel... |
| May 15, 2012 | SoMoLend Grabs $1.17M Seed Round | CINCINNATI, OH, Alternative borrowing software-as-a-service lending platform focused on the social, mobile and local aspects of the loan market, has closed a $1.17 million seed-stage investment round. >> Click here for more funding... |
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FAQ about SoMoLend
When was SoMoLend founded?
SoMoLend was founded in 2011.
How much funding has SoMoLend raised?
SoMoLend has raised $3.35M in total across 2 funding rounds.
What funding rounds has SoMoLend raised?
Parsers VC lists 2 funding rounds of SoMoLend, among them a seed round of $1.17M on May 15, 2012.
What has the press written about SoMoLend?
Parsers VC has collected 12 articles mentioning SoMoLend, among them “The State of Ohio Takes on Crowdfunding and SoMoLend” (Aug 16, 2013) and “What Google’s Investment In Lending Club Means For Crowdfunding” (May 6, 2013).
Is SoMoLend still active?
Yes, SoMoLend is active; its latest activity on Parsers VC dates from Oct 10, 2013.