ModernLend

lendingcredit scoring

FOUNDING YEAR: 2014
LOCATION: United States
Last Update: 01/05/2020

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!

About

ModernLend is an online lender that uses alternative metrics to identify and lend to international citizens who cannot access financial products due to lack of SSN or FICO score. The company first product is the ModernLend Debit Card that helps customers build credit history in 6 months and access benefits from 300,000 vendors nationwide, all without requiring an SSN.

Focus

PRODUCTS & SERVICES

ModernLend Card

REVENUE MODEL

They charge users a monthly program fee of $8 included in the required monthly payment of $25 by users.

MAIN CLIENTS

International students and Workers

Traction

VALUATION / MARKET CAP:

$270 K in 2015

People

FOUNDERS

Shuo Zhang

Kobina Ansah

NUMBER OF EMPLOYEES

1-10

INVESTORS:

Entrepreneurs Roundtable Accelerator

Momentum

FUNDED

YES

DATE OF LAST FUNDING

Dec 2015

SEED CLOSED ON

Jun 2015

LISTED

NO

BASICS

FOUNDING YEAR:

2014

LOCATION:

United States

Views:

371 VISITORS | 1047 VIEWS
TOTAL EMPLOYEES
1-10

About

ModernLend is an online lender that uses alternative metrics to identify and lend to international citizens who cannot access financial products due to lack of SSN or FICO score. The company first product is the ModernLend Debit Card that helps customers build credit history in 6 months and access benefits from 300,000 vendors nationwide, all without requiring an SSN.

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+

Join the exclusive global FinTech community

Be a part of the global FinTech community on Slack