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Levr.ai now powers over 1,000 small businesses with its finance ecosystem

Vancouver, BC, October 19, 2023--(T-Net)--Levr.ai, a trailblazing fintech headquartered in Vancouver, BC, annonced today that it has added two new investors WUTIF (Canada) and Colopl Next (Japan), raising its pre-seed financing round to $1.4 million (from $1 million previously).

Levr.ai says it has now closed its pre-seed raise at $1.4 million, and is ready to commence its seed financing round to start its next phase of growth.

Levr.ai says it has achieved significant growth with small businesses and innovative financing solutions. Over 1,000+ small businesses leverage the platform to understand lending options from 35+ lending partners.

Levr.ai said in a release that it has seen $200,000,000+ in loan request value flow through its platform with user-signup volume growing on average 30% this year.

In September 2023 the company expanded to serve small businesses in the United States. Made possible by working with funding giants like OnDeck US, 8fig, and more.

Shane Stoneman, Head of Partnerships, Levr.ai

Head of Partnerships, Shane Stoneman says "we're continually exploring new opportunities to reach small businesses."

At the heart of levr.ai's mission is a dedicated team of experts including the company's founders, Kaylan Pepin CEO and Roman Hartmann CTO, bring a wealth of experience in both finance and technology. They've assembled a diverse team of A-players with deep expertise from working at great software companies like Shopify, Wave Financial, Malwarebytes, Unbounce, and more.

Levr.ai's flagship product, Intelligent Loans Marketplace, is a game-changer in the world of small business financing, according to the company. Built on cutting-edge artificial intelligence and machine learning algorithms, its proprietary recommendation engine streamlines the lending process for small businesses, making it faster, more accessible, and more transparent than ever before.

Small businesses are the backbone of economies, with ~34 million businesses in the US and Canada. Around 11.5 million of these businesses apply for a loan every year and 25 million manage existing debt.

Jennifer Daly, Head of Marketing, Levr.ai

Levr.ai's Head of Marketing Jennifer Daly, remarks "Levr.ai is lowering the barrier of entry to access capital for SMBs on its platform. The platform collectively enables small businesses the buying power accessible to bigger enterprises."

Key features available from Levr.ai are a better understanding of Loan Eligibility, Free Resources for faster approvals and Personalized Support from financial experts led by its Head of Business Development Tara Benson.

Kaylan PepinCo-founder & CEO, Levr.ai

Kaylan Pepin, co-founder and CEO concluded, "our growth has validated that businesses need technology to assess and improve their financial position. We're excited to scale the platform to help every small business in the US and Canada looking to improve and take control of debt."

About Levr.ai

Levr.ai is an intelligent loans platform built to get businesses funded.

Levr.ai is a venture-backed early-stage B2B fintech startup on a mission to transform the way businesses access capital and manage loans. As early-movers in a space with an enormous addressable market, we're building a team of creative, smart, and experienced people to solve problems for businesses and lenders across the globe. Learn more about Levr.ai; visit www.levr.ai