• FOUNDING YEAR: 2013
    LOCATION:
    United States
    REGION:
    Texas
    Last Update:
    13 Sep, 2019

Description

FOCUS

PRODUCTS & SERVICES:
P2P marketplace for personal lending. Helps borrowers in getting unsecured personal loans.
REVENUE MODEL:
Viewable by subscribers only
EXISTING PARTNERSHIPS:
Cross River Bank - Loan provider for Borrowers First.
COMMENT
BorrowersFirst approach is to make use of smart, secure technology to make borrowing faster, easier, less costly, and more friendly.

PEOPLE

FOUNDERS:
Jonathan Ende
NUMBER OF EMPLOYEES:
51-200
INVESTORS:
SF Capital Group, Waterfall Asset Management
KEY EMPLOYEES:
Dave Tomlinson(CEO);Terry Oehring(CTO); Zhi Zhou(CRO)

TRACTION

COMMENT:
The platform has originated ~$275 million in unsecured consumer loans to date.(Jan 2017)

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$100 Million
DATE OF LAST FUNDING:
Jan 2017
TOTAL FUNDING COMMENT:
Debt financing: $100 M(Jan 2017). An undisclosed amount raised in venture in May 2014.
SEED & PRIOR FUNDING:
-

LATEST RESEARCH