fund manager

account executive

software engineer

senior software engineer

account representative

Lendio

When I first applied for a position with Lendio I was a little Leary to be honest because it was a Temp Position with no clear end date and it was working from home, which were two situations I had never experienced before. I took the position because the Job Duties outlined fell in line with the type of work I love doing. So I went through the training and as I started to get to know the other employees at Lendio I noticed a Culture that I could tell was going to be Amazing to be a part of early on. After doing my job for a few weeks they surprised me by offering me a Team Lead Position! I was thrilled! The fact that they had noticed and appreciated so much of the hard work I was putting in blew me away. I loved being a Team lead and as soon as they mentioned that the temp positions could be turning into Full time positions if we wanted I Let it be known that I was very interested in staying with Lendio. Fortunately they offered me a Full time Position as a Team Lead in another department and again, I was thrilled! I'm currently loving this position and feel 100% supported by my management and peers. They are so good at making us feel appreciated and valued. They compensate very well for the hard work and are very engaging with everyone. I have never experienced a Culture like the one Lendio has created and I look forward to seeing what my future here holds. It is fast Paced Hard which can be stressful some days more than others but with the support that is readily available I Log off each day feeling valued and appreciated. Huge Thumbs up

The company does not value you.  Even being a top performer and exceeding the goals set the company is a very "fair weather" employer.   If there is a shift in the economy and they feel they need to downsize beware, all and any heads will roll.  It is a miserable job to begin with.  You feal dirty at the end of each day.  You set small businesses up in a terrible position taking advantage of their dreams and goals.  All small business owners have a dream of being sucessful at what they started.  When they need the money to take their business to the next level lendio seizes the opportunity to lend them the money with ridiculous terms.  Rates are around 4--100% interest rates.  Since they technically are purchasing the company's future receivables they do not have to regulate by any state or federal usury regulations.   A typical loan from lendio will be a 5-10 month term with Daily micropayments.  m-f no weekends or hollidays.  For example if you borrow 100k and have a factor rate of 1.4 you would pay back 140k in that short period of time.  Their factor rates are usually around 1.40 - 1.55.  You can see how this is dooming a company right from the begining.  I worked there for 3+ years and when they laid me and many others of it was the strangest feeling to have so much relief.  Usually when you have to find a new job its a terrible feeling.  With lendio it was huge weight off my shoulders and a relief to no longer be putting business owners into such a terrible situation.

Don’t waste your time here. Upper management is running this company into the ground. There’s a lack of focus on the product and profitability. The compensation plan has been slashed multiple times, and overall company morale has plummeted, with frequent layoffs every year.

The environment is toxic, with everyone scrambling to hit unrealistic targets. If you make a mistake on a file, the processor will chase you down and scream at you at your desk, red-faced and unprofessional.

There’s no room for growth, and there are stark cultural differences between the Utah office and the New York office. The NY office is treated like an abandoned stepchild, with employees expected to work seven days a week to meet goals.

The work-from-home policy is unclear, with certain employees receiving special treatment, never having to show up at the office again.

Town hall Zoom meetings are pointless, as they pull you off the sales floor for no real reason.

The lead flow is questionable, and there’s never a clear answer as to how leads are distributed. You might get placed in a good bucket and make decent money, but if you miss a day, management will shove you into a bad bucket, leaving you in a feast-or-famine situation.

Just read the reviews…this place is a sinking ship with a terrible reputation in the industry. People don’t even respect Lendio anymore.





List of lies management told us: 1. What job we were hired for 2. Our actual job title 3. We wouldn't be doing any cold calling 4. We would be paid a commission 5. This isn't a sales job

Lendio is a company with a lot of wanna-be frat house culture. Management lied to us; we were told we would be brought in to help with a non-sales side of the business only to have our job and title changed 4 times within 6 weeks. They transitioned us from non-sales to sales and told us they were working on a commission structure (surprise, they were working on it for months and laid our department off to avoid paying those commissions even though we were generating sales the entire time). Once transitioned to sales, they told us that we would only be doing inbound sales (another lie). Then we were told we would be doing outbound sales but only to "warm" leads that would only be people who recently showed interest with the company. Those "warm" leads were often 3-4 years old.

Overall, if you need a paycheck then sure take the job and make it work for the time being. Just don't expect management to put their employees first and don't expect your job to be secure.

I began working at Lendio in April as a temp hire during the beginning of PPP.  The company had just moved everyone home and was in the process of transferring everything (trainings, meetings, etc) to a virtual format.  Even with that, I felt as though I got the training I needed to succeed in my job.
As PPP went on, Lendio was faced with decisions to pivot the company into other roles in order to help keep as many temp hires as possible.  I applaud Lendio for doing whatever it took to keep as many individuals as they could.
I was moved to the Loan Forgiveness division and it has been the same story as above, the training was phenomenal.  
Lendio has also been extremely flexible as well.  There have been a few occasions where I have had to take care of some personal items and they have allowed me to do so, during a typical work day at that.
We have weekly company meetings with the CEO and he allows everyone to ask any question and he will directly respond to that individual.  The transparency the leadership of the company has is the reason Lendio is such a great company.

One of my favorite things about this company is the transparency. The CEO has a meeting with the entire company each week and fills us in on where the company is today and what our next move is. Any time our focus is shifted to something else there is always purpose behind it, so we know exactly why we are doing what we are doing and what it's doing for the company.The culture at lendio definitely feels like family. Everyone treats each other with respect from top to bottom and you will never feel left out. As an employee, you are considered the CEO of your own business. I liked this company value as i never felt micromanaged. Management was always there for help and to keep us informed on any new changes, but ultimately you manage your own work flow and can make really good money if you put in the effort. This company moves fast, so your day to day focus might change regularly. If you like to always have the same routine this may not be the best fit. I personally liked this aspect as it never feels monotonous.

I have had the pleasure of working at Lendio in the NY office in the capacity of a Funding Manager from the inception.  This company is a VC backed Fintech startup that has grown to be one of the very few dominant players in the space.  We have achieved this success because of the vision of our management team and the collaborative employee culture across all departments.  This company is truly special - we dress casually, we play music all day, we have free lunches all the time, we get great Lendio swag, we reward ourselves when we break goals (which is ALL the time).  More importantly, we believe in Meritocracy.  Lendio recognizes talent, drive and hard work and everyone has the ability to advance into other roles as this fast growing company continues to innovate and loves to promote from within.  In order to succeed here you need to be nimble, work fast and hard every day, be a true team player, be a competitor and feel very comfortable with embracing technology.  You have to balance a lot on a daily basis - work hard and play hard.  If you have a shot to be hired here, you should jump on it!!

I was hired as a temp worker during PPP.  Our training was fast and inefficient.  After day 1 I abandoned the script they provided and immediately became one of the top reps in the company, beating out several veteran reps weekly.
They kept promising to keep temp hires as long as they could but never would give anyone a date.  A week ago they said they weren’t keeping us after June 30 because PPP was ending and they didn’t have any jobs.  Which is understandable, except they kept posting ads for jobs that they could have filled with those who knew the company and the job.
I was top 10 in the company in total applications submitted and let go while veteran reps that were in the bottom 10% were kept.  So if that doesn’t tell you  something about their company mindset then I don’t know what will.  Don’t go there thinking they’ll reward you for hard work- because they won’t.  They claim they have an amazing culture but repeatedly screwed over those putting in the work on the front lines

When you wander past the CEO of the company at a company event and he not only greets you by name but also asks how you and your family have been, you know you're working for a different kind of company. The culture fostered by Lendio is second to none! Lendio hires and retains some of the most amazing people I have ever met and does everything they can to take care of them. More than that, Lendio and the people who work here genuinely care about helping people. Being a part of something so meaningful to so many --particularly small businesses that most banks couldn't be bothered about-- makes my job both satisfying and rewarding!

I still remember the job interview and how promising everything seemed great, nice perks of free monsters, cokes, and every snack possible. Two after literally just finishing training and boom a mass layoff happens and people are crying. I get it, I'd be devastated too, if I spent 5 years there just to get cut.  For the soft market.

I literally made the first check with a commission which was okay after training, but since that one, check sales people's still! Plus, I don't have just one, but two moles there and there have been more job cuts layoffs, and not enough sales leads, and these guys are hiring now? I just would not want someone else to get suckered.   To hear the guy running my entire training and he did a good job is now let go should tell you a lot about how badly run this promising company actually is sad.

Top Job Titles	Average Salary
Fund manager 21 salaries reported	$35,914 per year
Account executive 15 salaries reported	$51,000 per year
Software engineer 13 salaries reported	$111,192 per year
Senior software engineer 3 salaries reported	$152,667 per year
Account representative 3 salaries reported	$43,667 per year

Working at Lendio: Company Overview and Reviews

Lendio

Lendio Ratings

Popular jobs at Lendio

Salary Satisfaction

Job Seeker Tools

Employer Tools

Browse

Stay Connected