StreetShares

lendingsme financingp2p lending

FOUNDING YEAR: 2014
LOCATION: United States
Last Update: 14/02/2020

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About

StreetShares provide a digital lending platform for American small businesses. The company describes itself as “Shark Tank meets eBay” because it serves as a platform where small business owners pitch their loan requests to the community of StreetShares investor members.

Focus

PRODUCTS & SERVICES

The company offers loans with terms ranging from three to 36 months and lines of credit ranging from $2,000 to $100,000. Investors can lend from $25 to $100,000 in Veteran Business Bonds and earn 5% interest.

REVENUE MODEL

Company charge an origination fee between 1.45% and 4.95% of the total loan amount before the money is deposited to the account and other fees including late payment etc.

MAIN CLIENTS

Military personnel and veterans

EXISTING PARTNERSHIPS

RallPoint

FedBid

COMMENT

Business owners pitch their business through a 3-step, mobile-enabled application and investors compete to fund them through an auction.

Traction

VALUATION / MARKET CAP:

$8 M in 2015

REVENUE

$1.0M - $4.99M in 2017

REVENUE COMMENT:

The company had $3Million+ revenue in 2017

TRACTION COMMENT:

StreetShares uses technology to serve the business funding and alternative investment needs of America's heroes and their communities (Jan 2018).

People

BOARD MEMBERS AND ADVISORS

George Casey

Raj Date

Pete Hartigan

NUMBER OF EMPLOYEES

11-50

INVESTORS:

Accion

Adam Pegues

B Brey Benjamin

Brett Byers

Community Investment Management (CIM)

Direct Lending Investment

Drew Knowles

EagleBank

Kim Nguyen

LLC

Randy Domolky

Rashad Moore

Rotunda Capital Partners

Sean Drake

Tommy White

KEY EMPLOYEES:

Mark L. Rockefeller(CEO); Mickey Konson(COO); Jesse Cushman(CFO); Madhur Grover(CCO)

Momentum

FUNDED

YES

TOTAL FUNDING

$31.26 M

DATE OF LAST FUNDING

Aug 2019

SEED & PRIOR FUNDING

$3.7 M

SEED CLOSED ON

Jun 2015

FUNDING SERIES

SERIES A  · $4.56 M  · Feb 2016

SERIES B  · $23 M  · Jan 2018

DEBT FUNDING

$229.95 M

LISTED

NO

COMMENT

Debt Financing: $200 M(March 2015)

BASICS

FOUNDING YEAR:

2014

LOCATION:

United States

Views:

121 VISITORS | 220 VIEWS
LATEST FUNDING ROUND

$31.3 M

TOTAL EMPLOYEES
11-50

About

StreetShares provide a digital lending platform for American small businesses. The company describes itself as “Shark Tank meets eBay” because it serves as a platform where small business owners pitch their loan requests to the community of StreetShares investor members.

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