Wilson Sonsini Advises LendAPI on $3.2 Million Seed Funding Round

On November 6, 2024, LendAPI, an innovative fintech start-up transforming financial technology deployment, raised $3.2 million in seed funding. The round was led by Cohen Circle, with participation from Great North Ventures, AlleyCorp, Techstars, Plug and Play, and Interlock Capital. Wilson Sonsini Goodrich & Rosati represented LendAPI in the financing.

LendAPI’s platform is designed to empower fintechs, banks, and financial institutions to launch products in hours, utilizing modular building blocks that accelerate speed to market. Since its launch in March 2024, LendAPI gained an impressive client base, spanning publicly traded neobanks, regional banks, point-of-sale financing firms, and retailers looking to introduce private-label BNPL checkout options. To date, the company has processed over six million applications and introduced several advanced features, including AI-driven automation tailored to mortgage and real estate finance.

The new funding will enable LendAPI to deepen its feature set and broaden its reach across multiple financial verticals. Future plans include expanding its AI capabilities and launching new integrations to further simplify the deployment process for financial products. Additionally, LendAPI aims to enter emerging markets in financial services, such as insurance and embedded finance, providing seamless onboarding, compliance, and transaction capabilities tailored for these sectors.

The Wilson Sonsini team that advised LendAPI on the transaction includes Yokum Taku, Avi Emanuel, Nate Lees, and Trevor Mathews.

For more information, please see LendAPI’s press release.