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Levr.ai Raises Additional $1 Million for North American Expansion in Small Business Loan Software

February 20, 2024 by Robert Lewis Leave a Comment

Vancouver’s Levr.ai has raised another $1 million, building on the momentum of its previously announced funding in 2023. This brings Levr.ai’s total funding to over $2.5 million.

Levr.ai is a cutting-edge intelligent loans software platform that now powers over 2,000 small businesses across Canada and the US, with 30% of all traffic coming from the US as expansion begins stateside.

A free Levr.ai account gives business owners visibility to lending options from over 40 strategic partners. All businesses have on-boarded to Levr.ai in the last 12 months, and this explosive growth highlights the demand for businesses to understand and access capital.

This seed funding comes by way of follow-on investment from Weave VC and Sprout Fund II as well as several new investors.

“I’m thrilled to share the news of our first tranche of seed funding. It’s a testament to the hard work of our team and the potential of Levr.ai’s AI-powered platform. Having supported over 2,000 entrepreneurs last year, the increasing demand to improve access and management of financing is evident,” Kaylan Pepin, CEO & Co-founder of Levr.ai told Techcouver.

“This capital infusion enables Levr.ai to broaden its impact, fostering innovation and providing crucial support to millions of small businesses across Canada and the United States.”

Filed Under: News Tagged With: Levr.ai

 

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