March 1, 2023
Levr.ai is a Vancouver-based B2B fintech start-up aiming to transform the way businesses access and manage loans. Levr.ai’s goal is to create a platform where both business owners and financial lenders can have a seamless experience when dealing with loans. Levr.ai secured $1 million in pre-seed funding to achieve this goal and provide small businesses in Canada with simplified loan applications.
Founders of Levr.ai, Pepin and Hartmann, recognized a need faced by millions of businesses in Canada; Levr.ai’s CEO, Kaylan Pepin, stated, “I‘ve seen many qualified businesses struggle to get financing, even worse than the complex loan application process is the lack of software tools available to manage active business loans. We’re building Levr.ai to solve these issues.” With this software, Levr.ai is allowing business to have control and insight into their financial needs.
Businesses can now connect their accounting and banking software to Levr.ai, and each business can customize its loan options based on its financial needs. Through its artificial intelligence-driven loan marketplace, Levr.ai has established partnerships with several lending partners to provide their clients with a wide range of options such as merchant cash, receivables financing, business term loans, venture debt and much more.
The funds raised will be utilized to grow the current business and team – expanding its reach to not only Canadian small businesses but those in the United States as well.