Become

lendingartificial intelligence/machine learningp2b-smesme financing

FOUNDING YEAR: 2016
LOCATION:
Last Update: 03/07/2020

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About

Become (formerly known as Lending Express) is an online marketplace that helps SMEs to get the best loan deals through their lending partner's network. The platform uses algorithms to analyses the businesses and inspects data from various sources to calculate the LendingScore. This helps businesses learn the funding essentials in order to improve along the step-by-step program outlined and get new funding opportunities.

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

The company offers services to its customers for free of charge.

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

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)

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:

Benson Oak Ventures

Benson Oak Ventures

Benson Oak Ventures

Entree Capital

Entree Capital

Entree Capital

IAngels

IAngels

IAngels

Magenta Venture Partners

Magenta Venture Partners

Magenta Venture Partners

RIO Ventures Holdings

Viola Credit

Viola Credit

Viola Group

KEY EMPLOYEES:

Eden Amirav (CEO); Uri Sittan (CTO); Robert Cohen (CSO)

Momentum

FUNDED

YES

TOTAL FUNDING

$2.7 M

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 M

LISTED

NO

BASICS

FOUNDING YEAR:

2016

LOCATION:

Views:

42 VISITORS | 62 VIEWS
LATEST FUNDING ROUND

$2.7 M

TOTAL EMPLOYEES
11-50

About

Become (formerly known as Lending Express) is an online marketplace that helps SMEs to get the best loan deals through their lending partner's network. The platform uses algorithms to analyses the businesses and inspects data from various sources to calculate the LendingScore. This helps businesses learn the funding essentials in order to improve along the step-by-step program outlined and get new funding opportunities.

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+
Traction+
People+
Other+

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