FinTech startup addressing underserved lending markets (AngelPad F11)
LendFriend is a FinTech startup focused on undeserved lending markets.
Our 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.