• FOUNDING YEAR: 2013
    LOCATION:
    United States
    REGION:
    California
    Last Update:
    18 Oct, 2019

Description

FOCUS

PRODUCTS & SERVICES:
Online lending platform for non-prime, middle-income borrowers. Most of borrowers know that a payday loan is a bad choice, but have limited options. LoanNow helps them bridge to a better financial future.
REVENUE MODEL:
Viewable by subscribers only
MAIN CLIENTS:
Retail credit consumers.
COMMENT
LoanNow uses the latest technology and statistical methods to make better credit decisions and motivate positive repayment behavior in the challenging subprime loans market.

PEOPLE

FOUNDERS:
Miron Lulic, Harry Langenberg
NUMBER OF EMPLOYEES:
11-50
INVESTORS:
"Self Funded"

TRACTION

VALUATION / MARKET CAP:
$40 MM in 2016

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$6 Millions
DATE OF LAST FUNDING:
Jan 2016
SEED & PRIOR FUNDING:
$6 Millions
SEED CLOSED ON:
Jan 2014
LISTED:
NO

LATEST RESEARCH