• 2010

Company Description

LendFriend offers software products that provide support for users during the loan’s creation, proposal, approval and repayment.

LendFriend is a FinTech startup focused on undeserved lending markets. The team has built 3 products: - Online p2p lending platform targeting friends and family. Grew to $3MM+ loans. - Multiple underwriting models utilizing proprietary data from traditional brick and mortar high-interest lenders. The identified customer profiles are targeted for larger loans with lower interest rates because their loan repayment is disproportional to their credit score. - Online platform that matches high-risk borrowers with an aggregated network of online lenders and places these loans on prepaid cards. Product's purpose is to bank the underbanked. LendFriend was part of **[AngelPad](http://angelpad.org) #3** in 2011.