The startup has launched an aggressive hiring push targeted at laid-off hospitality workers.
Mary Ann Azevedo.@betterdotcom, a New York-based digital mortgage startup, tells @CrunchbaseNews that the company has seen a 200% increase in demand since March 1 as more people refinance. That's why it's on an aggressive push to hire laid-off hospitality workers.
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Mary Ann AzevedoReporting on startup layoffs is truly depressing. I covered venture capital during the dot.com bust and this feels far worse.
The financing, which was a mix of equity & debt, brings Lendio’s total raised since it was founded in 2011 to $108.5 million.
Mary Ann Azevedo"While the company was in a position of profitability and didn't need to raise funds, this Series E round will allow Lendio to grow several recently-launched business units," he wrote via email.