Lendio Acquires Laso's AI-Powered Loan Origination Software
Summary
Lendio press release dated LEHI, Utah, September 16, 2021 (the page shows a January 5, 2024 byline and a 4 min read) announcing its asset purchase of Laso's Loan Origination Software and proprietary insights technology. Lendio says the software will anchor a customer-centric underwriting offering for banks, alternative lenders and community development financial institutions (CDFIs), and calls it the first step in its B2B growth strategy. It reports over $11.8 billion in financing through more than 300,000 small business loans, including $9.8 billion in PPP loan approvals. CEO Brock Blake says Lendio facilitated PPP loans for more than 300 lending institutions supporting over 60,000 small businesses.
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“Lendio Acquires Laso's AI-Powered Loan Origination Software.”
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What exactly is an SBA loan? Dive into the details of what SBA loans are and how you can apply for one today.](https://www.lendio.com/blog/what-is-an-sba-loan/) Embedded Financing  [Lendio’s Embedded Financing](https://www.lendio.com/embedded-financing) Solutions Solutions  * [Digital application](https://www.lendio.com/ef-features/digital-application) * [Configurable marketplace](https://www.lendio.com/ef-features/configurable-marketplace) * [AI-driven matching](https://www.lendio.com/ef-features/ai-driven-matching) * [Prequalify customers](https://www.lendio.com/ef-features/prequalify-customers) * [Enterprise support](https://www.lendio.com/ef-features/enterprise-support) Resources Resources  * [Insights](https://www.lendio.com/categories/research) * [In the news](https://www.lendio.com/in-the-news) * [FAQs](https://www.lendio.com/embedded-lending#FAQs) [Portal Login](https://portal.lendio.com/)[Contact sales](https://www.lendio.com/embedded-financing#ready-to-learn) Intelligent Lending  [Lendio’s Intelligent Lending](https://www.lendio.com/intelligent-lending) Solutions Solutions  * [Digital borrower experience](https://www.lendio.com/il-features/digital-application) * [Loan processing](https://www.lendio.com/il-features/loan-processing) * [New customer acquisition](https://www.lendio.com/il-features/new-customer-acquisition) * [Credit policy automation](https://www.lendio.com/il-features/decisioning) * [Effective cross-sell](https://www.lendio.com/il-features/transaction-analytics) Resources Resources  * [The future of lending](https://www.lendio.com/intelligent-lending#future) * [State of SMB Lending Report](https://www.lendio.com/smb-lending-index/q1-2025-index) * [In the news](https://www.lendio.com/in-the-news) * [FAQs](https://www.lendio.com/intelligent-lending#FAQs) [Portal Login](https://portal.lendio.com/)[Contact sales](https://www.lendio.com/intelligent-lending#ready-to-learn) [Sign in](https://app.lendio.com/bp/login)[Support](https://support.lendio.com/) [Apply now](https://app.lendio.com/bp/application) [Apply now](https://app.lendio.com/bp/application) # Lendio Acquires Laso’s AI-Powered Loan Origination Software to Offer Underwriting Solutions for Lending Institutions By Lendio January 5, 2024 — 4 min read [](https://www.lendio.com/newsroom/press-releases/lendio-acquires-laso-loan-origination-software#)[](https://www.lendio.com/newsroom/press-releases/lendio-acquires-laso-loan-origination-software#)[](https://www.lendio.com/newsroom/press-releases/lendio-acquires-laso-loan-origination-software#)[](https://www.lendio.com/newsroom/press-releases/lendio-acquires-laso-loan-origination-software#) **Lendio Acquires Laso’s AI-Powered Loan Origination Software to Offer Underwriting Solutions for Lending Institutions** _Financial institutions will have instant access to increased efficiency in SMB lending, enabling access to capital for thousands of small businesses across the country_ _The digital infrastructure solutions will further accelerate Lendio’s growth and position as the nation’s leading small business financial solutions provider_ **LEHI, Utah — September 16, 2021 –**[Lendio](https://www.lendio.com/), the nation’s leading small business financial solutions marketplace, today announced its asset purchase of Laso’s Loan Origination Software (LOS) and proprietary insights technology, furthering its mission to support small and midsize businesses. This will serve as the foundation for a revolutionary, customer-centric offering for banks, alternative lenders and community development financial institutions (CDFIs) seeking efficient and affordable underwriting solutions. Financial institutions that have not been able to accommodate the demand for SBA and small business loans are now able to do so with a fully digital, efficient solution. After conducting extensive research on the lending technology market, Lendio found Laso’s capabilities in artificial intelligence, data science and machine learning to be the most tech- and data-advanced solution available. The new technology will allow Lendio to further expand its small business loan marketplace to thousands of lenders and their customers nationwide. This is the first step in Lendio's B2B growth strategy – automating loan origination practices to support efficient underwriting of unsecured loans, creating access to an innovative small business lending tech stack, and enhancing lender access to loan origination tools and services. To date, Lendio has facilitated over $11.8 billion in financing through more than 300,000 small business loans and has become a trusted advocate for small business owners seeking to understand their financing options. “Last year, when lenders struggled to offer a digital solution to disperse Covid relief funds, the team at Lendio quickly stepped in and facilitated PPP loans to more than 300 lending institutions that supported over 60,000 small businesses," said Lendio CEO Brock Blake. "The entire process exposed a greater need for small businesses to have enhanced access to capital and loan options, as well as a need for banks, lenders and CDFIs to have the proper tools and access needed to offer finance solutions to small businesses. Our acquisition of Laso’s Loan Origination Software is timely and essential to empowering both sides of the financing process. We've always been there for the smallest of businesses; now we're also there for even the smallest of lenders as we further our vision of providing equal and fair access to capital to small businesses across the country.” In order to provide the most customer-centric application experience, Lendio relies on advanced machine learning algorithms and data and proprietary SaaS technology to support matching SMBs to the appropriate lenders. The company is committed to continuing to partner with, power and propel forward all institutions that are committed to leveraging technology to fuel SMB growth and entrepreneurship. To learn more about Lendio, click [here](https://www.lendio.com/). **About Lendio** Lendio is the nation’s leading small business finance solution provider. With its diverse network of lenders, Lendio enables small business owners to apply for multiple loan products with a single application. To date, Lendio has facilitated more than 300,000 small business loans for more than $11.8 billion in total funding, including $9.8 billion in PPP loan approvals as part of government COVID-19 relief. Lendio is a values-driven organization striving to provide equal access to capital to underserved communities and America’s smallest businesses. For every new marketplace loan Lendio facilitates, Lendio Gives—an employee-contribution and employer-matching fund—provides a microloan to a low-income entrepreneur around the world. More information about Lendio is available at www.lendio.com. ## About the author  **Lendio**'s team of experts is here to help you with every nook and cranny of your business. We'll make sure you have the best advice for financing, operations, management, hiring, and much more. ## Recommended Articles [](https://www.lendio.com/blog/what-is-business-loan-prequalification "Business loan prequalification: What it is and how it helps you prepare") [Business Finance](https://www.lendio.com/categories/business-finance "Business Finance") ### [Business loan prequalification: What it is and how it helps you prepare June 12, 2026 — 3 min read](https://www.lendio.com/blog/what-is-business-loan-prequalification "Business loan prequalification: What it is and how it helps you prepare") Blog Contents [](https://www.lendio.com/blog/small-business-loan-application-checklist "Small business loan application checklist: What you need to get approved") [Business Finance](https://www.lendio.com/categories/business-finance "Business Finance") ### [Small business loan application checklist: What you need to get approved June 12, 2026 — 4 min read](https://www.lendio.com/blog/small-business-loan-application-checklist "Small business loan application checklist: What you need to get approved") Blog Contents [](https://www.lendio.com/blog/5-things-know-about-using-lending-marketplace "5 Things You Should Know About Using a Lending Marketplace") [Business Loans](https://www.lendio.com/categories/business-loan "Business Loans") ### [5 Things You Should Know About Using a Lending Marketplace June 12, 2026 — 3 min read](https://www.lendio.com/blog/5-things-know-about-using-lending-marketplace "5 Things You Should Know About Using a Lending Marketplace") Blog Contents [](https://www.lendio.com/blog/documents-needed-small-business-financing "What Documents Will You Need for a Small Business Loan?") [Business Loans](https://www.lendio.com/categories/business-loan "Business Loans") ### [What Documents Will You Need for a Small Business Loan? June 12, 2026 — 5 min read](https://www.lendio.com/blog/documents-needed-small-business-financing "What Documents Will You Need for a Small Business Loan?") 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[](https://facebook.com/Lendio)[](https://www.instagram.com/lendio/)[](https://www.linkedin.com/company/lendio) [Terms of use](https://www.lendio.com/agreements/terms-of-use) | [Privacy policy](https://www.lendio.com/agreements/privacy-policy) | NMLS ID: 1998423 California loans made pursuant to the California Financing Law, Division 9 (commencing with Section 22000) of the Finance Code. All such loans made through Lendio Partners, LLC, a wholly-owned subsidiary of Lendio, Inc. and a licensed finance lender/broker, California Financing Law License No. 60DBO-44694. Lendio is not a lender and does not make credit decisions. Financing terms, conditions, and eligibility are determined solely by the participating lenders and may vary based on applicant qualifications. Compensation may be received from lenders for referrals or funded loans, which may impact the placement of financing offers. Not all financing options available in the market are listed on this platform. We encourage applicants to carefully review all lender disclosures and loan agreements before proceeding. This site is protected by reCAPTCHA and the Google [Privacy Policy](https://policies.google.com/privacy) and [Terms of Service](https://policies.google.com/terms) apply. 1. Filling out an application for business funding and submitting it to our funding partners will not impact your personal credit score. However, depending on the product and lender, accepting a funding offer may result in a hard credit inquiry, which could affect your personal credit score. 2. Time to fund depends upon the product that you select, and can be as little as 24 hours, but may be longer. 3. Funding amounts and number of total loans funded include loans funded under the Paycheck Protection Program. Lendio Acquires Laso’s AI-Powered Loan Origination Software to Offer Underwriting Solutions for Lending Institutions The acquisition of Laso's loan-origination AI will improve SMB lending efficiency and access to capital, and accelerate Lendio's growth as... January 5, 2024 **Lendio Acquires Laso’s AI-Powered Loan Origination Software to Offer Underwriting Solutions for Lending Institutions** _Financial institutions will have instant access to increased efficiency in SMB lending, enabling access to capital for thousands of small businesses across the country_ _The digital infrastructure solutions will further accelerate Lendio’s growth and position as the nation’s leading small business financial solutions provider_ **LEHI, Utah — September 16, 2021 –**[Lendio](https://www.lendio.com/), the nation’s leading small business financial solutions marketplace, today announced its asset purchase of Laso’s Loan Origination Software (LOS) and proprietary insights technology, furthering its mission to support small and midsize businesses. This will serve as the foundation for a revolutionary, customer-centric offering for banks, alternative lenders and community development financial institutions (CDFIs) seeking efficient and affordable underwriting solutions. Financial institutions that have not been able to accommodate the demand for SBA and small business loans are now able to do so with a fully digital, efficient solution. After conducting extensive research on the lending technology market, Lendio found Laso’s capabilities in artificial intelligence, data science and machine learning to be the most tech- and data-advanced solution available. The new technology will allow Lendio to further expand its small business loan marketplace to thousands of lenders and their customers nationwide. This is the first step in Lendio's B2B growth strategy – automating loan origination practices to support efficient underwriting of unsecured loans, creating access to an innovative small business lending tech stack, and enhancing lender access to loan origination tools and services. To date, Lendio has facilitated over $11.8 billion in financing through more than 300,000 small business loans and has become a trusted advocate for small business owners seeking to understand their financing options. “Last year, when lenders struggled to offer a digital solution to disperse Covid relief funds, the team at Lendio quickly stepped in and facilitated PPP loans to more than 300 lending institutions that supported over 60,000 small businesses," said Lendio CEO Brock Blake. "The entire process exposed a greater need for small businesses to have enhanced access to capital and loan options, as well as a need for banks, lenders and CDFIs to have the proper tools and access needed to offer finance solutions to small businesses. Our acquisition of Laso’s Loan Origination Software is timely and essential to empowering both sides of the financing process. We've always been there for the smallest of businesses; now we're also there for even the smallest of lenders as we further our vision of providing equal and fair access to capital to small businesses across the country.” In order to provide the most customer-centric application experience, Lendio relies on advanced machine learning algorithms and data and proprietary SaaS technology to support matching SMBs to the appropriate lenders. The company is committed to continuing to partner with, power and propel forward all institutions that are committed to leveraging technology to fuel SMB growth and entrepreneurship. To learn more about Lendio, click [here](https://www.lendio.com/). **About Lendio** Lendio is the nation’s leading small business finance solution provider. With its diverse network of lenders, Lendio enables small business owners to apply for multiple loan products with a single application. To date, Lendio has facilitated more than 300,000 small business loans for more than $11.8 billion in total funding, including $9.8 billion in PPP loan approvals as part of government COVID-19 relief. Lendio is a values-driven organization striving to provide equal access to capital to underserved communities and America’s smallest businesses. For every new marketplace loan Lendio facilitates, Lendio Gives—an employee-contribution and employer-matching fund—provides a microloan to a low-income entrepreneur around the world. More information about Lendio is available at www.lendio.com. [Text Link](https://www.lendio.com/newsroom/press-releases/lendio-acquires-laso-loan-origination-software) Lendio **Lendio**'s team of experts is here to help you with every nook and cranny of your business. We'll make sure you have the best advice for financing, operations, management, hiring, and much more. [Text Link](https://www.lendio.com/author/lendio)  [Text Link](https://www.lendio.com/) Lendio 1 [Text Link](https://www.lendio.com/press-releases/) Press Releases 2 [Text Link](https://www.lendio.com/newsroom/press-releases/lendio-acquires-laso-loan-origination-software) Lendio Acquires Laso’s AI-Powered Loan Origination Software to Offer Underwriting Solutions for Lending Institutions 3  
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