Levr aims to make the process of finding, applying for, and managing business loans easy. Its software uses accounting and banking APIs (a way for different platforms to communicate with each other) to accelerate the process of looking for a loan, applying for a loan, and managing existing loans. Levr currently has over 15 lender partners and has funded nearly $2.5 million in loans for its business clients.
The company’s co-founding duo combines rich histories in different spaces. CEO Kaylan Pepin has experience working at two of Canada’s largest banks, RBC and CIBC, while CTO Roman Hartmann launched into a career heavily focused on data, AI, and machine learning.
Levr’s leadership team is now five members strong and this pre-seed investment will power its plans: geographic footprint growth and digital client acquisition and partnerships, the company says. Specifically, the funds raised will be invested in growing the existing team and expanding its reach to service U.S.-based businesses.