New York -- Bay Area venture capital firms Accel Partners, Blumberg Capital and Omidyar Network have taken part in a new $8 million round of funding for New York-based Lenddo, developer of an online community that helps people use their online social connections to build creditworthiness and access local financial services. iNovia Capital, Metamorphic Ventures and several angel investors also participated in the company's first round. Founded in 2011, Lenddo allows members to use their reputations on social networks such as Facebook, LinkedIn and Twitter to obtain loans. The company currently provides loans in Colombia and the Philippines, and plans to use the capital to grow its engineering team and expand operations to more emerging markets. "Lenddo has the potential to transform how millions of underserved in the emerging markets access credit," said Arjuna Costa, director of investments at Omidyar Network.