Case Study: Lendio achieves 500% workforce growth and company-wide recognition with Awardco

Scaling a Team With Rewards & Recognition

Lendio, an online lending marketplace, needed to scale rapidly from about 300 to 1,800 employees (a 500% increase in 12 months) to support PPP demand, creating urgent onboarding, training, and incentive challenges. Their manual rewards process (Venmo and spreadsheets) lacked tracking, budgeting, and reconciliation, so they turned to Awardco’s rewards and recognition platform.

Awardco implemented an all‑in‑one recognition solution—making every employee eligible and launching three programs (manager-to-peer, service anniversaries, and sales incentives)—which centralized tracking, eliminated spreadsheet reconciliation, and allowed Lendio to budget rewards. The Awardco platform helped Lendio successfully onboard 1,800+ employees in 12 months, increased inclusivity and perceived impact of rewards, and saved administrative time while supporting rapid growth.

Lendio

Brett Child

Co-Founder & Executive Vice President