October 4, 2006
Venture capital firm invests in Lendia
By Jeff Lavery
Lendia, Inc., a Marlboro-based outsoure solutions provider for the mortgage industry, announced it has received a significant minority investment from a private, Miami-based equity firm.
The company anticipates using the funds to further its expansion strategy, and hire additional staff. Lendia currently plans to expand its business by more than 100 percent before the end of the year, and boosting staff in the positions of processing, underwriting, closing and funding-related tasks.
The equity firm, 1848 Capital Partners, has invested in a range of industries including restaurants, prepaid calling cards, themed attractions and other business services.
WBJ Web Partners
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