• FOUNDING YEAR: 2013
    LOCATION:
    United States
    REGION:
    California
    Last Update:
    9 Sep, 2019

Description

FOCUS

PRODUCTS & SERVICES:
Marketplace lender - enables entrepreneurs to gain financing for franchises
MAIN CLIENTS:
Franchise Borrowing
COMMENT
Quick loans for boorowers and better returns for lenders.

PEOPLE

FOUNDERS:
Denise Thomas, Steve Pelletier
NUMBER OF EMPLOYEES:
11-50
INVESTORS:
Colchis Capital Management; Fifth Third Capital; Freestyle Capital; QED Investors; Signia Venture Partners.

TRACTION

COMMENT:
ApplePie has formed partnerships with 40 franchise brands, funded over $50 million in loans, and returned over $7 million in principal and interest to investors till date. (Dec 2016).

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$26.4 Millions
DATE OF LAST FUNDING:
Dec 2016
SEED & PRIOR FUNDING:
$3.77 Millions
SEED CLOSED ON:
Jul 2014
FUNDING SERIES:
SERIES A
$9.86 Millions Closed: Apr 2015
SERIES B
$16.5 Millions Closed: Dec 2016
LISTED:
NO
COMMENT:
Conventional Debts: $212.8 M(Jan 2018) and Debts funding: $28.77 M(Apr 2015)

LATEST RESEARCH