321Lend, Inc.

lendingp2p lending

FOUNDING YEAR: 2014
LOCATION: United States
Last Update: 10/07/2020

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

About

321Lend is a peer-to-peer lending platform that offers a fast and efficient way to borrow money. It offers accredited investors a platform for investing in consumer loans. LOANS4LESS.COM enters into an acquisition agreement with 321Lend.

Focus

PRODUCTS & SERVICES

Online lending platform. Connects the lenders with the borrowers and provide low interest rate to borrowers compared to credit card loans.

REVENUE MODEL

Company generates revenue by charging fees from both Lender & Borrower for loan origination. Lender origination fee - 1% to 5% of the loan amount

MAIN CLIENTS

Online retail borrowers

EXISTING PARTNERSHIPS

Psychic Friends Network - Parent company of 321Lend Inc. Banks - Loan originators.

COMMENT

Fixed interest rate of 7%, unsecured loans with no collaterals and quick processing of loans.

People

FOUNDERS

Johnny Tong

Shin Hwang

Chris Wu

BOARD MEMBERS AND ADVISORS

Gregory S. Smith

NUMBER OF EMPLOYEES

1-10

INVESTORS:

Johnny Tong

Momentum

FUNDED

YES

DATE OF LAST FUNDING

Feb 2015

SEED CLOSED ON

Feb 2015

LISTED

NO

BASICS

FOUNDING YEAR:

2014

LOCATION:

United States

Views:

36 VISITORS | 52 VIEWS
TOTAL EMPLOYEES
1-10

About

321Lend is a peer-to-peer lending platform that offers a fast and efficient way to borrow money. It offers accredited investors a platform for investing in consumer loans. LOANS4LESS.COM enters into an acquisition agreement with 321Lend.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

Focus+
Momentum+
People+
Other+

Join the exclusive global FinTech community

Be a part of the global FinTech community on Slack