Payoff

lendingonline loans

FOUNDING YEAR: 2009
LOCATION: United States
Last Update: 17/07/2020

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About

The Payoff Loans are designed expressly for the purpose of helping customers pay off credit card debts.

Focus

PRODUCTS & SERVICES

Financial products for refinancing debits. Loan designed to help individuals to payoff credit card debts.

REVENUE MODEL

Payoff generates revenue by charging interest on credit card debt payoff loans. The company also charge a fee to cover loan origination and closing costs.

EXISTING PARTNERSHIPS

Sandy - Utah Based first electronic Bank for loan origination.

COMMENT

Makes use of applied science, technology and psychology to design financial planning for their customers.

Traction

VALUATION / MARKET CAP:

$80 M in 2015

Momentum

FUNDED

NO

TOTAL FUNDING

$71.56 M

DATE OF LAST FUNDING

2016

SEED & PRIOR FUNDING

$5.8 M

SEED CLOSED ON

Jan 2012

FUNDING SERIES

SERIES A  · $7 M  · Dec 2013

SERIES B  · $12 M  · Oct 2014

SERIES C  · $46.76 M  · Jun 2016

LISTED

NO

Innovation Programs

BASICS

FOUNDING YEAR:

2009

LOCATION:

United States

Views:

581 VISITORS | 1059 VIEWS
LATEST FUNDING ROUND

$71.6 M

TOTAL EMPLOYEES
1-10

About

The Payoff Loans are designed expressly for the purpose of helping customers pay off credit card debts.

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+
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Innovation Programs

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