Pave

Pave

  • FOUNDING YEAR: 2012
    LOCATION:
    United States
    REGION:
    New York
    Last Update:
    14 Feb, 2020

Description

FOCUS

PRODUCTS & SERVICES:
Marketplace lender. Unlike credit card loans, Pave provides fixed interest loan for businesses which provides customers with their yexact monthly payment schedule for the term of the loan on funding day 1 itself.
REVENUE MODEL:
Viewable by subscribers only
MAIN CLIENTS:
Retail Borrowers
EXISTING PARTNERSHIPS:
Cross River Bank - Loan Originator for Pave.
COMMENT
Pave considers holistic view of a person's situation, education, employment history, current job status and future potential, FICO Scores for the purpose of underwriting.

PEOPLE

MEDICI analysts will analyze Pave soon

TRACTION

Insufficient information for accurate analysis

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$8 Millions
DATE OF LAST FUNDING:
Apr 2016
SEED CLOSED ON:
Sep 2015
FUNDING SERIES:
SERIES A
$8 Millions Closed: Apr 2016
DEBT FUNDING:
$300 Millions
LISTED:
NO

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