Wednesday, October 04, 2006

Lendia Raises Venture Capital from 1848 Capital Partners - Marlborough, MA

Lendia, a Marlborough-based provider of technology outsourcing for residential mortgage companies, announced on Wednesday that it has raised an undisclosed amount of venture capital from 1848 Capital Partners, a Miami-based private equity firm. Lendia said that the funds will allow it to accelerate its expansion strategy and hire additional staff. Lendia began as a mortgage broker in 1999. The company, which until now has focused on the East Coast, said that it plans to increase its business by "more than 100% by the end of the year."


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