SoMoLend (Social Mobile Local Lending) was a Cincinnati-based financial technology company founded by Candace Klein. The platform's mission was to democratize small business lending by allowing businesses to borrow money directly from a crowd of accredited and non-accredited investors. It functioned as a debt-based crowdfunding portal, facilitating loans rather than equity investments. The company gained initial traction but ceased operations in late 2013 amid significant regulatory scrutiny from the U.S. Securities and Exchange Commission (SEC) and challenges in securing further operational funding.

Founded in

United States