Sprout Fund II has invested $1 million in Vancouver-based fintech startup Levr.ai, which is transforming business lending through its intelligent loan management platform.

Target Company Overview

Levr.ai is a Vancouver-based fintech startup that specializes in simplifying the process of accessing and managing business loans. Founded in 2021, the company has developed an intelligent loans platform that seamlessly integrates with businesses' accounting software and bank accounts. This integration enables Levr.ai to provide tailored loan options based on individual business needs. Utilizing machine learning technology, Levr.ai not only pre-qualifies loans but also automates the loan application and management processes, making it easier for businesses to secure necessary financing.

To date, Levr.ai has successfully processed over $2.5 million in loans through its platform. The startup has established partnerships with a range of financial institutions eager to offer loans via its unified platform. The current financing round, which successfully raised $1 million in pre-seed funding, will be utilized to enhance marketing efforts aimed at attracting more business customers, expanding lender partnerships, and developing additional features based on customer feedback.

Industry Overview in Canada

The Canadian fintech market has witnessed substantial growth over the past few years, driven by technological advancements and a growing demand for innovative financial solutions. In Canada, over a third of the 34 million business