• FOUNDING YEAR: 2014
    LOCATION:
    United States
    REGION:
    California
    Last Update:
    18 Oct, 2019

Description

FOCUS

PRODUCTS & SERVICES:
P2P lending platform LoanHero is able to offer instant decisions and the most competitive loan product available for each level of credit through one streamlined platform.
MAIN CLIENTS:
AAMCO,Laseraway,5th avenue,etc.
EXISTING PARTNERSHIPS:
First Electronics Bank - to expand its operations nation wide.
COMMENT
The LoanHero marketplace serves as one platform with one financing application and multiple lenders. As the merchant completes an application, LoanHero will find the best possible financing option for that consumer and offer the merchant an approval in real-time.

PEOPLE

FOUNDERS:
Derek Barclay, Kristin Slink
Board Members and Advisors:
Candace Klein, Cliff Boro, Steve Connolly, Zalman Vitenson, Neil Senturia, Stephen Connolly
NUMBER OF EMPLOYEES:
11-50
INVESTORS:
National Network of Angel Investors, Alsop Louie Partners, EvoNexus, Mucker Capital,

TRACTION

VALUATION / MARKET CAP:
$16.67 MM in 2016

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$4.6 Millions
DATE OF LAST FUNDING:
Jan 2016
SEED & PRIOR FUNDING:
$4.6 Millions
SEED CLOSED ON:
Jan 2016
LISTED:
NO
COMMENT:
Debt financing: $20 M

LATEST RESEARCH