Mentio Technologies acquired by Lendified Inc.
April 8, 2016
Vancouver-based automated cash flow forecasting company Mentio has been acquired by Lendified, Inc., an online lending platform.
Lendified said that the acquisition marks an expansion into global markets as Mentio’s multi-currency technology serves customers in Canada, the United States, Ireland, New Zealand and Australia.
“This marriage is in total alignment with our strategy to pivot into the lending space,” said a statement from Mentio CEO, Monique Morden, who also praised Lendified for its sophisticated credit modeling process. “We’re extremely excited about how our lead generation tools and cash flow forecasting can further propel Lendified’s unique offer to the market.”
LaBarge Weinstein acted as counsel to Mentio with a team that included James Smith and Kyle Lavender.
Read more about this deal here.
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