• FOUNDING YEAR: 2012
    LOCATION:
    United States
    REGION:
    NY
    Last Update:
    27 Jun, 2019

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

FOUNDERS:
Oren Bass, Sal Lahoud
Board Members and Advisors:
Amy Vavrunek, Christian Lawless, Jamil Baz, Martha Josephson, Philippe Bouissou
NUMBER OF EMPLOYEES:
11-50
INVESTORS:
C4 Ventures, Maxfield Capital, Residence Ventures, Seer Capital.

TRACTION

Insufficient information for accurate analysis

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$308 Millions
DATE OF LAST FUNDING:
Apr 2016
SEED CLOSED ON:
Sep 2015
SEED PRIOR FUNDING COMMENT:
Undisclosed funding (Sep, 2015)
FUNDING SERIES:
SERIES A
$300 Millions Closed: Apr 2016
COMMENTS
SERIES A : Debt financing: $8 M (Dec, 2015)
LISTED:
NO

LATEST RESEARCH