Lenddo, an Asia-based fintech startup that uses non-traditional data for credit scoring and online verification, today announced it has closed a Series B investment to support the company’s accelerated growth and meet global demand. The investment was led by new investors AT Capital and Life.SREDA, with participation from existing investors Omidyar Network, Blumberg Capital and Golden Gate Ventures. Richard Eldridge, Lenddo’s co-founder, who took on the role as CEO as part of the financing, shared: “As smartphone and social media penetration in developing countries continues to grow exponentially, the new investment will allow Lenddo to fast track growth into new markets, expand Lenddo’s presence in its existing markets and continue to develop new innovative products.”

http://www.crowdfundinsider.com/2015/10/75755-asian-fintech-startup-lenddo-closes-series-b-funding-round/