Strategy, Finance, Capital: Merchant Banking

Indigo Sky portfolio company Lendeavor enters into strategic partnership with First Internet Bank

Partnership is a prototype for future financial technology and depository partnerships

  • Lendeavor, Inc. is a practice finance lender with an innovative software platform that improves efficiency, cost and quality while dramatically reducing cycle times
  • First Internet Bank provides Lendeavor with the capital and initial funding to become a leading national lender in practice finance
  • The partnership is the first of its kind in the practice finance industry and the first-ever equity investment made by First Internet Bank
  • Indigo Sky’s cross-functional expertise and deep knowledge of financial institutions and technology helped Lendeavor

"Lendeavor is building a modern practice finance company and Indigo Sky was the perfect partner to help us reach the next level." - Lendeavor CEO Dan Titcomb

 

More News:

September 8, 2017 San Francisco Business Times

S.F. fintech Lendeavor gets bank deal to boost lending to healthcare practices

September 7, 2017 Business Wire

First Internet Bank Announces Strategic Partnership with Lendeavor, Inc.

September 7, 2017 American Banker

First Internet Bank invests in a digital health care lender

September 7, 2017 Indiana Business Journal

First Internet Bank investing in California health care lender