Alternative Lending · Illinois, India

Best Alternative Lending Companies in Illinois, United States

Updated 2026-06-22 · Ranked by funding & momentum

83 indexable Alternative Lending companies headquartered in Illinois, United States, ranked by total equity funding and recent funding momentum. Combined disclosed equity funding of $2.4B across 26 funded companies, including 1 unicorn.

83
Companies
$2.4B
Total Funding
26
Funded
1
Unicorns
0
Rounds (90d)

Ranked: Best Alternative Lending companies in Illinois

#CompanyFundingValuationStage Latest roundEmployeesFoundedMomentum
1 Aequum Capital
Online platform for business loans
$307.5M Funding Raised Conventional Debt Sep 2025 9 2020 ↑ Active
2 NEWITY
Online marketplace for business loans
$15.5M Series B Series B Feb 2026 2020 ↑ Active
3 Bonside
Provider of an online platform to businesses with investors
$4.6M Seed Venture Debt Nov 2025 5 2020 ↑ Active
4 Rent Butter
Provider of tenant screening and verification platform for property managers
$3M Series A Series A Aug 2025 7 2018 ↑ Active
5 Avant Unicorn
Online platform for consumer loans
$905.2M $1B
as of 2015
Series E Series E Dec 2022 547 2012
6 OppFi
Online marketplace for consumer loans
$295M Public Conventional Debt Jun 2022 465 2009
7 Enova
Online platform for consumer and small business loans
$625M Public Conventional Debt Sep 2018 1,079 2003
8 Klover
App-based platform for cash advance loans
$60M Series B Series B Nov 2022 2019
9 Fintech Franchise Network
Provider of fintech consumer lending franchise opportunities
$18M Seed Seed Mar 2023 11 2021
10 OppLoans
Online personal loans for those underserved by traditional credit options
$56.4M Funding Raised Conventional Debt Mar 2021 247 2010
11 Lendr
Working capital and invoice factoring solutions for small business growth
$25.7M Funding Raised Conventional Debt Apr 2020 2011
12 Beta Financial Services
Lending as a service platform for financial institutions
$150K Seed Grant (prize money) Jun 2024 2015 ↑ Active
13 Boro
App-based platform for consumer loans
$14M Series A Mar 2020 5 2015
14 Revvin
Provider of an online platform offering lending-as-a-service solutions
$2.2M Acquired Seed Nov 2022 19 2013
15 Bolstr
KeyBank: Comprehensive financial solutions for personal, small business, and commercial clients
$9.1M Acquired Seed Jun 2018 17,903 2011
16 LQD Business Finance
Custom financing solutions for lower middle-market businesses, fostering growth
$10M Series A Series A Oct 2019 11 2010
17 Align Income Share Funding
Online platform for income share funding
$6.8M Series B Conventional Debt May 2019 14 2011
18 Braviant Holdings
Credit assessment solutions for individuals and businesses
$7.1M Series A Conventional Debt Jun 2018 52 2014
19 TransUnion
Provider of consumer credit reports, credit monitoring, scores, and identity tools
$7.5M Public Unattributed Oct 2014 834 1968
20 Nail Your Mortgage
Solutions for borrowers and lenders to interact in an open electronic marketplace.
$3.1M Deadpooled Angel Oct 2009 5 2009
21 FinanceFuel
Online marketplace for business loans
$700K Seed Seed Jul 2019 5 2013
22 Peanut Butter
Student loan assistance platform empowering employers to attract and retain talent
$535K Seed Seed Mar 2019 12 2015
23 Airfordable
Fly now, pay later: Flexible flight installment plans
$120K Seed Seed 2016 7 2016
24 EquityRoots
Real estate crowdfunding platform for investing in hotels.
$99K Seed Seed Jan 2015 4 2014
25 Family Credit Management
Online platform for consumer debt settlement
$61K Funding Raised Grant (prize money) May 2012 1996
26 PeerTrader
Investment automation for peer-to-peer lenders.
$50K Deadpooled May 2014 2013
27 ChangEd
Fintech app that accelerates debt payoff through automated savings and micro-payments
Seed Seed Mar 2024 2016
28 LendSquare
Community funding for Small Businesses.
Deadpooled Seed Aug 2014 5 2011
29 A and N Mortgage
Online lending marketplace for residential mortgage loans
Unfunded 74 2002
30 AIO Logic
Developer of AI-enabled solutions for commercial lending and structured finance
Funding Raised 2022
31 american escrow & closing company
AECC Mobility is committed to reducing the complexities that affect transitioning the mobile workforce.
Private 30 1989
32 AmeriCash Loans
Installment loans provider offering quick financial solutions online and in-store
Unfunded 149 1997
33 Ansonia
Provider of business credit reports and account management services
Acquired 11 2006
34 attain
Attain is an outcomes driven platform enabling marketers with better data to achieve their goals
Private 101 2019
35 Blue Water Finance
Online lending platform offering auto loans
Unfunded 362 2003
36 Bright Side Loans
Offers an online platform providing personal loans for consumers
Unfunded 2018
37 CapAlly
Online slot gaming platform with diverse games and instant transactions
Deadpooled 2007
38 Cash Buoy
Provider of working capital advances to small and medium-sized businesses
Unfunded 2017
39 CashNetUSA
Online marketplace offering cash advance loans to consumers
Acquired 2004
40 Chicago Student Loans
Provider of education loans
Funding Raised 2019
41 Connect Lending
Online platform for connecting business owners and lenders.
Unfunded 2011
42 CreditBooster.ai
Provider of AI-driven analysis and guidance for credit score improvement
Unfunded 2022
43 CreditNinja
Online marketplace for personal loans
Unfunded 116 2017
44 Current Automotive
Online platform offering marketplace for pre-owned electric cars
Deadpooled 11 2018
45 DBL Digital
Digital asset focused investment firm
Acquired 9 2018
46 eClick Lending
Provider of a direct lending platform for mortgage loans
Unfunded 12 2007
47 eloan
Eloan offer a simple and smart online application for personal loans.
Acquired 899 1997
48 emBorrow
Online platform for healthcare loans
Unfunded 2020
49 ENGS
Online platform for business loans
Unfunded 1952
50 fastave
FastAve is a provider of a dealer-centric auto loan marketplace intended to offer a digital, secure
Deadpooled 53 2015

Top 12 Alternative Lending companies in Illinois

#1
Aequum Capital Funding Raised
$307.5M Raised
expand_more
location_onChicago, Illinois
Founded
2020
Employees
9
Funding raised
$307.5M
Stage
Funding Raised

Online platform for business loans. It is a marketplace connecting borrowers with lenders for business loan products. It offers multiple business loan products including asset-based loans for working capitals, early-stage turnarounds, DIP and exit financing, term loans and structured loans for borrowers with predictable earnings, cashflow, and experienced management, short-term bridge loans for a specific purpose fro

Funding rounds (3 disclosed of 3)
Round Date Amount
Conventional Debt Sep 2025 $250M
Conventional Debt Dec 2022 $7.5M
Conventional Debt Nov 2022 $50M
#2
NEWITY Series B
$15.5M Raised
expand_more
location_onChicago, Illinois
Founded
2020
Funding raised
$15.5M
Stage
Series B

Online marketplace for business loans. It offers a platform connecting businesses with lenders for loans with customized terms, amounts, and repayment options. It also features accounting services with real-time dashboards, business insurance, marketing, legal services, and more.

Funding rounds (3 disclosed of 3)
Round Date Amount
Series B Feb 2026 $11M
Series A Aug 2025 $1.2M
Series A Dec 2023 $3.3M
Tech stack
amazon sesamazon web servicesanime.jsapple icloud mailbootstrapcloudflare+14
#3
Bonside Seed
$4.6M Raised
expand_more
location_onChicago, Illinois
Founded
2020
Employees
5
Funding raised
$4.6M
Stage
Seed

Provider of an online platform to businesses with investors. It provides users with a company that offers a platform to connect investors with businesses. It helps to raise funding for new and existing businesses.

Funding rounds (3 disclosed of 3)
Round Date Amount
Venture Debt Nov 2025 $100M
Seed Jun 2023 $4.3M
Seed Jan 2023 $249K
Founders & key people
#4
Rent Butter Series A
$3M Raised
expand_more
location_onChicago, Illinois
Founded
2018
Employees
7
Funding raised
$3M
Stage
Series A

Provider of tenant screening and verification platform for property managers. It offers tools for identity verification, financial assessment, and background checks. The platform delivers insights to help users make informed leasing decisions. It also provides fraud protection and compliance regulation checks.

Funding rounds (3 disclosed of 4)
Round Date Amount
Series A Aug 2025 $1.9M
Series A Dec 2024 $1000K
Series A Aug 2023 $3M
Seed Mar 2021 Undisclosed
Tech stack
cloudflarecloudflare bot managementcore-jsgoogle analyticsgoogle tag managergoogle workspace+14
#5
Avant Unicorn Series E
$905.2M Raised
expand_more
location_onChicago, Illinois
Founded
2012
Employees
547
Funding raised
$905.2M
Valuation
$1B · 2015
Stage
Series E

Online platform for consumer loans. It offers secured and unsecured personal loans and credit lines on the basis of a repayment guarantee. Repayment of loans can be done via credit/debit cards and bank transfers. It offers an app-based platform that is available on iOS and Android platforms.

Funding rounds (12 disclosed of 13)
Round Date Amount
Conventional Debt Dec 2022 Undisclosed
Series E Dec 2022 $250M
Series E Sep 2015 $325M
Conventional Debt Aug 2015 $339M
Series D Dec 2014 $225M
Conventional Debt Aug 2014 $200M
7 earlier rounds — sign up free
Tech stack
amazon cloudfrontamazon sesamazon web servicesapple icloud mailbootstrapcaddy+14
#6
OppFi Public
$295M Raised
expand_more
location_onChicago, Illinois
Founded
2009
Employees
465
Funding raised
$295M
Stage
Public

Online marketplace for consumer loans. It is a fintech platform that provides credit access for the everyday consumer. It also offers loans such as personal credit lines and personal loans.

Funding rounds (3 disclosed of 3)
Round Date Amount
Conventional Debt Jun 2022 $200M
Conventional Debt Oct 2021 $45M
Conventional Debt Mar 2021 $50M
Tech stack
amazon cloudfrontamazon s3amazon sesamazon web servicescloudflarefancybox+14
#7
Enova Public
$625M Raised
expand_more
location_onChicago, Illinois
Founded
2003
Employees
1,079
Funding raised
$625M
Stage
Public

Online platform for consumer and small business loans. It operates a portfolio of businesses that offer a variety of online credit products and services to alternative credit consumers. It uses proprietary technology and analytics to evaluate, underwrite, and fund loans. It specializes in online financial services, analytics-as-a-service, consumer lending, and small business lending.

Funding rounds (2 disclosed of 2)
Round Date Amount
Conventional Debt Sep 2018 $375M
Conventional Debt Sep 2017 $250M
Tech stack
adobe analyticsadobe audience manageradobe experience platform identity serviceadobe experience platform launchapple icloud mailbootstrap+14
#8
Klover Series B
$60M Raised
expand_more
location_onChicago, Illinois
Founded
2019
Funding raised
$60M
Stage
Series B

Klover is an app-based platform for cash advance loans. It provides cash advance before payday. It offers tools for tracking spending habits and providing expense management. Users can register via bank account and the paycheck. The app is available on iOS devices.

Funding rounds (4 disclosed of 4)
Round Date Amount
Series B Nov 2022 $25M
Series A Aug 2021 $60M
Series A Mar 2020 $3.2M
Seed Jun 2019 $1M
Founders & key people
Tech stack
bootstrapbrazecloudflarecookieyescore-jsdart+14
#9
$18M Raised
expand_more
location_onItasca, Illinois
Founded
2021
Employees
11
Funding raised
$18M
Stage
Seed

Provider of fintech consumer lending franchise opportunities. This network offers franchises focused on consumer lending within the fintech sector. The franchise model provides a structured approach to establishing and operating a consumer lending business, leveraging technology and established processes. It supports franchisees in all aspects of their operations, from initial setup to ongoing management. The focus i

Funding rounds (1 disclosed of 1)
Round Date Amount
Seed Mar 2023 $18M
Founders & key people
#10
OppLoans Funding Raised
$56.4M Raised
expand_more
location_onChicago, Illinois
Founded
2010
Employees
247
Funding raised
$56.4M
Stage
Funding Raised

Online personal loans for those underserved by traditional credit options. The company facilitates access to credit for everyday Americans, especially those with bad or no credit, offering installment loans through its online platform. It partners with banks to provide financial products and services, focusing on financial inclusion and customer experience. The platform aims to help consumers build better financial h

Funding rounds (2 disclosed of 3)
Round Date Amount
Conventional Debt Mar 2021 $50M
Conventional Debt Apr 2020 $6.4M
Conventional Debt Sep 2019 Undisclosed
Tech stack
amazon cloudfrontamazon s3amazon sesamazon web servicesapolloapple icloud mail+14
#11
Lendr Funding Raised
$25.7M Raised
expand_more
location_onChicago, Illinois
Founded
2011
Funding raised
$25.7M
Stage
Funding Raised

Working capital and invoice factoring solutions for small business growth. This Fintech company offers financial solutions tailored to small businesses, providing working capital and invoice factoring. They offer merchant cash advances and invoice factoring services to address immediate financing needs. The company focuses on providing customized solutions for Customer Relationship Management, Portfolio Risk Analysis

Funding rounds (2 disclosed of 2)
Round Date Amount
Conventional Debt Apr 2020 $688K
Conventional Debt Mar 2018 $25M
Founders & key people
Tech stack
cloudflareelementorfacebook pixelfont awesomegoogle adsgoogle ads conversion tracking+14
#12
$150K Raised
expand_more
location_onChicago, Illinois
Founded
2015
Funding raised
$150K
Stage
Seed

Lending as a service platform for financial institutions. It offers solutions for financial products, market strategy, growth projections, and more. It also offers solutions for investment management.

Funding rounds (1 disclosed of 2)
Round Date Amount
Grant (prize money) Jun 2024 $150K
Seed Jun 2024 Undisclosed
Founders & key people

Recent signals in Illinois Alternative Lending

bolt
Live funding rounds, leadership moves & momentum
New funding rounds, leadership moves and momentum shifts across these Alternative Lending companies update continuously. lock Sign up free to see the live recent-activity feed.
Sign up free to see signals
show_chart Financial history
Revenue & funding-history time series — sign up free
contact_mail Contact reveal
Verified emails & key-people contacts — sign up free
download CSV export & filters
Export this list & apply advanced filters — sign up free

Funding & investor landscape

Total raised
$2.4B
across these companies
Companies funded
26
with disclosed funding
Highest-funded
$905.2M raised

Most active investors

Atalaya Capital Management Atalaya Capital Management 2 investments in Alternative Lending CMFG Ventures CMFG Ventures 2 investments in Alternative Lending Fintech Ventures Fund Fintech Ventures Fund 2 investments in Alternative Lending Lightbank Lightbank 2 investments in Alternative Lending Topping Capital Topping Capital 2 investments in Alternative Lending 43North 43North 1 investment in Alternative Lending 500 Global 500 Global 1 investment in Alternative Lending 81 Collection 81 Collection 1 investment in Alternative Lending @properties @properties 1 investment in Alternative Lending Academy Investor Network Academy Investor Network 1 investment in Alternative Lending Accolade Partners Accolade Partners 1 investment in Alternative Lending Advent International Advent International 1 investment in Alternative Lending

Notable founders in Illinois Alternative Lending

LL Luke LaHaie Co-Founder & Co-CEO NEWITY · $15.5M raised
DC David Cody Co-Founder & Co-CEO NEWITY · $15.5M raised
Neha Govindraj Neha Govindraj Founder Bonside · $4.6M raised
TR Tom Raleigh Co-Founder Rent Butter · $3M raised
Paul Zhang Paul Zhang Co-Founder & Chief Information Officer Avant · $905.2M raised
Matthew Bochenek Matthew Bochenek CEO Avant · $905.2M raised
Todd Schwartz Todd Schwartz Founder, CEO & Executive Chairman OppFi · $295M raised
Jason Westra Jason Westra Co-Founder & CTO Klover · $60M raised
GH Glenn Hafner Founder & CEO Fintech Franchise Network · $18M raised
Daniel Demeo Daniel Demeo CEO Lendr Lendr · $25.7M raised
SB Seke Ballard Founder & CEO Beta Financial Services · $150K raised
LH Liu Hao CEO Boro · $14M raised

Frequently asked questions

How many Alternative Lending companies are there in Illinois, United States?
Radar tracks 83 indexable Alternative Lending companies headquartered in Illinois, United States that meet our profile-completeness bar.
What is the total funding raised by Alternative Lending companies in Illinois, United States?
The Alternative Lending companies in Illinois, United States on this list have raised a combined $2.4B in disclosed equity funding across 26 funded companies.
Which is the highest-funded Alternative Lending company in Illinois, United States?
Avant is the highest-funded Alternative Lending company in Illinois, United States, with $905.2M in disclosed equity funding.
How many Alternative Lending companies in Illinois, United States are funded?
26 of the 83 Alternative Lending companies in Illinois, United States on this list have disclosed at least one equity funding round.
How many Alternative Lending unicorns are there in Illinois, United States?
1 Alternative Lending company in Illinois, United States on this list is valued at $1B or more.
Who are the top investors in Illinois, United States Alternative Lending companies?
The most active investors in Illinois, United States Alternative Lending companies on this list include Atalaya Capital Management, CMFG Ventures, Fintech Ventures Fund, Lightbank, Topping Capital.

Rankings are computed by Radar (Fliar BI) from the Radar company master and are updated periodically. Funding and momentum scores use disclosed equity-funding data only. Figures may lag private rounds. Last updated 2026-06-22.

Search all companies · Sign up free · About Radar

Coming soon