Key notes: LendFriend offers software products that provide support for users during the loan’s creation, proposal, approval and repayment.
Office address: 642 Harrison Street 5th Floor, San Francisco, California, United States
Description: LendFriend is a FinTech startup focused on undeserved lending markets. The team has built 3 products: - Online p2p lending platform targeting friends and family. Grew to $3MM+ loans. - Multiple underwriting models utilizing proprietary data from traditional brick and mortar high-interest lenders. The identified customer profiles are targeted for larger loans with lower interest rates because their loan repayment is disproportional to their credit score. - Online platform that matches high-risk borrowers with an aggregated network of online lenders and places these loans on prepaid cards. Product's purpose is to bank the underbanked. LendFriend was part of **[AngelPad](http://angelpad.org) #3** in 2011.
http://www.crunchbase.com/organization/lendfriend
| Date | Name | $ Invested | Crunchbase link |
|---|---|---|---|
| 2011-10-01 | seed | Detailed data |
| Round Date | Round Name | Investor | Crunchbase Link |
|---|---|---|---|
| 2011-10-01 | seed | AngelPad | Investor Profile |
To update the information on funding or number of employees, please do that directly on Crunchbase.
Created: 18-May-2012, 01:10
Last Crunchbase update: 30-Jun-2019, 05:03
Last modified: 07-Mar-2021, 05:03
Country: USA