• FOUNDING YEAR: 2016
    LOCATION:
    United States
    REGION:
    California
    Last Update:
    19 Nov, 2019

Description

FOCUS

PRODUCTS & SERVICES:
Become offers a lending marketplace that allows multiple lenders to offer tailored offers to the businesses registered on the platform. It offers a range of products like unsecured business loans, line of credit, invoice factoring, merchant cash advance, SMA loans, equipment, vehicle finance, etc.
REVENUE MODEL:
Viewable by subscribers only
MAIN CLIENTS:
Businesses
EXISTING PARTNERSHIPS:
The company has partnerships with more than 50 leading lenders and FinTech companies such as OnDeck, Kabbage, Fundbox, BlueVine, Credibly, LendingClub, Smartbiz, etc.
COMMENT
The platform leverages AI-powered LendingScore algorithms in order to predict the likelihood of a potential business to be funded and, then match the most relevant SMEs with the right lender

PEOPLE

FOUNDERS:
Guy Zipori, Amir Leitersdorf, Iri Amirav, Eden Amirav
Board Members and Advisors:
Iri Amirav, Amir Leitersdorf, Guy Zipori
NUMBER OF EMPLOYEES:
11-50
INVESTORS:
Entree Capital, IAngels, Viola Group, Benson Oak Ventures, Magenta Venture Partners, RIO Ventures Holdings
KEY EMPLOYEES:
Eden Amirav (CEO); Uri Sittan (CTO); Robert Cohen (CSO)

TRACTION

TRANSACTIONS COMMENT:
It has facilitated more than $165 million in business loans to date. (Nov 2019)
ACTIVE USERS COMMENT:
The company has on-boarded more than 175k business owners on its platform. (Nov 2019)

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$12.7 Millions
DATE OF LAST FUNDING:
Oct 2019
TOTAL FUNDING COMMENT:
The company is going to use the funds to scale its operations in the U.S. and Australia. (Oct 2019)
SEED & PRIOR FUNDING:
$2.7 Millions
SEED CLOSED ON:
May 2018
FUNDING SERIES:
SERIES A
$10 Million Closed: Oct 2019
DEBT FUNDING:
$2.5 Millions
LISTED:
NO

LATEST RESEARCH