[Chambo]

Lendio's business model isn't about lead gen, brokering, or funding. It's about creating a technology they can license to banks and other lenders based on years of research and millions of data points. Lead generation is an early byproduct of that goal.

Isn't this the EXACT same game plan On Deck has had for the last several years? Build up a technology platform to them sell to a bank?

Shariff used to pontificate that they would be selling their innovative UW'ing platform to Bank of America in the near future. Of course, that was what? 3-4 years ago?