AlternativeLendingStartupLandscapeGlobal 175 14 Jun 2016

Tracxn
World’s Largest Startup Research Platform
2 Alternative Lending, June 2016

3
Contents
Topic Page No.
Scope of Report 05
Entrepreneur Activity 08
Investment Trend 11
Who is Investing 15
Exit Outlook - IPO, Acquisitions 19
Sub Sector Analysis 22
Interesting Companies 40
Useful Links 52
Company List 54
Team 430
Illustrative Sectors We Track
ENTERPRISE ENTERPRISE
FINTECH MOBILE
INFRASTRUCTURE APPLICATIONS
SECURITY BITCOIN MOBILE COMMERCE SAAS

STORAGE PAYMENTS MOBILE PAYMENTS MOBILE-FIRST ENT. APPS
NETWORKING INVESTMENT TECH MOBILE MARKETING INTELLIGENT ENT. APPS
MOBILITY INSURANCE TECH MOBILE DEV TOOLS OPEN SOURCE
IT OPS CROWDFUNDING MOBILE HEALTH RETAIL TECH
CLOUD INFRASTRUCTURE ALTERNATIVE LENDING MOBILE GAMING MARKETING TECH
API MANAGEMENT REMITTANCE MOBILE LEARNING STEALTH MODE
BIGDATA INFRASTRUCTURE BANKING TECH MOBILE COMMUNICATION VERTICAL SAAS
TECH CONSUMER EDUCATION HEALTHCARE
INTERNET OF THINGS MARKETPLACES EDUCATION IT LIFE SCIENCES

3D PRINTING FOOD TECH SELF LEARNING DIGITAL HEALTH

Sector Overview
Scope of report
This report covers lending companies which operate through an online platform with little/no physical presence for loan
servicing/operations, are not backed, operationally, by a traditional/brick & mortar financial institution and use alternative data
points for credit scoring. It also covers ecosystem of companies that enable alternative lending (credit scoring, aggregators,
while-label platforms). It excludes aggregators catering to offline financial institutions, companies offering lending softwares and
dynamic discounting companies.
The scope of this report includes equity as well as debt funding received by the companies.
The online lending platforms have been categorised into consumer lending platforms, business lending platforms and invoice
financing platforms.
Further each of these sub sectors have been divided into following business models:
Business Model Description
Direct Lender Platforms that have a lending license and take the loans on their own books.
B2C Platforms that tie up with a single lender for loan origination.
B2C Marketplace Platforms that tie up with multiple lenders for loan origination. Lenders include financial institutions and banks.
P2P Marketplace Platforms that allow individual investors – accredited as well as retail.

Sector Overview
Recent major events in the sector:
• LendingClub, Prosper and FundingCircle partnered to launch Marketplace Lending Association, a U.S. non-profit membership
organization to promote sound business practices. Link
• The Consumer Financial Protection Bureau officially opened up its online forum for accepting consumer complaints against
online marketplace lenders. Link
• US Treasury Department issued white paper on online marketplace lending industry. Link
• The Reserve Bank of India proposed regulations for P2P lending. Link
• SoFi launched a hedge fund to invest in its own loans. Link
• CEO of LendingClub resigned following an internal probe of loan sale. Link

7
Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Interesting Companies
Useful Links
Company List
Team

YoY – Number of companies founded
Funding Circle Lufax JD Finance WeLab Qufenqi Jiedaibao Pagaya Investments
Renovate America SoFi Avant Harmoney Juzilicai DriverUp Edstart

400
349
316
320
No. of Companies
233
240
160
131
97
80 56
26
0
2010 2011 2012 2013 2014 2015 2016 (YTD)

Distribution of Companies across Countries
SoFi Lufax Funding Circle Capital Float Boodle Prospa Younited Credit Kreditech Lenddo Grow Financial
Avant JD Finance LendInvest NeoGrowth RainFin MoneyPlace Lendix Auxmoney ApexPeak Financeit
600
500 485
400
No. of Companies
300
189 180
200
128
100
41 39 36 31 30 29
0
United States China United Kingdom India South Africa Australia France Germany Singapore Canada

0
Scope of Report
Investment Trend
Who is Investing
Sub Sector Analysis
Useful Links
Company List
Team

YoY – Number of Rounds and Total Funding
14000 450
405
$12.0B
11200 360
296
Funding Amount (in Millions)
8400 270
Number of Rounds
5600 180
$5.1B
143 $4.6B
141
2800 76 90
57
31 $1.2B
11 21
$616M $684M
$130M $103M $232M
0 0
2008 2009 2010 2011 2012 2013 2014 2015 2016
Funding Amount Number of Rounds
Note: The funding includes debt rounds also.

Top investments in last one year
Funding Round
Company Date Investors
Amount Name
Bank of China Group Investment, China Minsheng Banking, Guotai Junan
Lufax
lu.com
$1.2B Series B Jan-2016 Securities, CDH Investments, Centennial Infant and Child Centre
(Shanghai, 2011)
Foundation, BlackPine Private Equity Partners
JD Finance
jr.jd.com
$1B Series A Jan-2016 Ample Harvest Capital, Sequoia Capital, China Taiping Insurance,
(Beijing, 2012)
SoFi SoftBank, Third Point, Wellington, Institutional Venture Partners, RenRen

sofi.com
$1B Series E Sept-2015
(San Francisco, 2011) Games, Baseline Ventures Pte, DCM Ventures
Jiedaibao
jiedaibao.com
$380M Series B Jan-2016
(Beijing, 2015)
Avant JPMorgan Chase, August Capital, RRE Ventures, DFJ Growth, General
avant.com
$325M Series E Sept-2015
(Chicago, 2012) Atlantic, Balyasny Asset Management, L .P.
Jiedaibao
jiedaibao.com
$314M Series A Aug-2015
(Beijing, 2015)
Pave
pave.com
$300M Unattributed Dec-2015 Seer Capital
(New York City, 2012)
CommonBond
commonbond.co
$275M Debt Jan-2016 Macquarie, Barclays,
(Brooklyn, 2011)

Top investments in last one year
Funding Round
Company Date Investors
Amount Name
Liftforward
liftforward.com
$250M Debt July-2015 varaderocapital.com, GLI Finance
(New York City, 2013)
Dianrong
dianrong.com
$207M Series C Aug-2015 Standard Chartered
(Shanghai, 2012)
Earnest
meetearnest.com
$200M Debt Nov-2015 New York Life Insurance Company
(San Francisco, 2013)
Mogo.ca
mogo.ca
$200M Debt Sept-2015 Fortress Investment Group
(Vancouver, 2006)
Mosaic
joinmosaic.com
$200M Debt April-2016 dzbank.com, greenbank.ny.gov
(Oakland, 2011)
Qufenqi
qufenqi.com
$200M Series E Aug-2015 Alibaba Group, Source Code Capital, BlueRun Ventures
(Beijing, 2014)
WeLab
welab.co
$160M Series B Jan-2016 Guangdong Technology Venture Capital, Khazanah, ING
(Hong Kong, 2013)
Weidai
weidai.com.cn
$152M Series C May-2016 Vision Knight Capital
(Hangzhou, 2011)

4
Scope of Report
Investment Trend
Who is Investing
Sub Sector Analysis
Useful Links
Company List
Team

Most Active Investors in Sector
Prosper JD Finance Avant Jimubox OnDeck Prosper Kreditech Affirm, Inc. RealtyShares Qufenqi
Klarna Prosper Kabbage ZestFinance LendingHome Funding Circle Fundbox OnDeck AutoFi Kabbage
25
20 20
20 19
18
17
Number of Companies
15
15 14
13
12 12
10
0
QED Investors Sequoia Capital Victory Park Matrix Partners First Round Accel Partners Blumberg Khosla 500 Startups BlueRun
Capital Capital Ventures Ventures

Where are Top Investors investing
QED Sequoia Victory Park Matrix Accel Blumberg Khosla BlueRun
First Round 500 Startups
Investors Capital Capital Partners Partners Capital Ventures Ventures
AutoFi
Prosper JD Finance Avant Jimubox Earnest Prosper Kreditech
Consumer Affirm, Inc. Exchange Qufenqi
Klarna Prosper Borro Fenqile Upstart Wonga Zibby
Loans Upstart Corporation Kaxiaoer
LendUp Klarna LendUp Juzilicai vouch Quiklo BLender
Paidy
CAN Capital Kabbage AssetAvenue Funding
Behalf OnDeck
Business ApplePie Behalf Huasheng Circle Lendio RealtyShares
PPDAI LendingHome OnDeck Kabbage
Loans Capital The Credit Finance CAN Capital Able Neighborly
Capital Float BetterFinance
KonfÃo Junction Rongyu100 Indifi
Orchard Think Finance ZestFinance

Enablers Think Finance Lenddo Lenddo
L2C Orchard 91Zhengxin
Alternate
Fundbox Fundbox
Financing
Aggregators Fundera Fundera Fundera

Top Investor by Stage of Entry
Seed Series A Series B Later Stage
500 Startups 7 Sequoia Capital 10 Sequoia Capital 6 Institutional Venture Partners 5
Y Combinator 6 First Round 6 Victory Park Capital 6 Blumberg Capital 3
Kapor Capital 5 Matrix Partners 6 Matrix Partners 5 DFJ 3
Barclays Accelerator 3 Khosla Ventures 5 Blumberg Capital 4 First Round 3
CrunchFund 3 QED Investors 5 Khosla Ventures 4 Foundation Capital 3
Google Ventures 3 Collaborative Fund 4 QED Investors 4 Khosla Ventures 3
Peterson Partners 3 IDG 4 Balderton 3 Lightspeed Venture Partners 3
Accion 2 Lightspeed Venture Partners 4 Canaan 3 QED Investors 3
Alpha JWC Ventures 2 Accion 3 Index Ventures 3 RenRen Games 3

Bertelsmann Asia
Bizdom 2 3 Nyca 3 Ribbit Capital 3
Investment Fund

8
Scope of Report
Investment Trend
Who is Investing
Sub Sector Analysis
Useful Links
Company List
Team

Top IPOs in the sector
Funding
IPO Date Company Overview Exch:Ticker
Amount
P2P online lending marketplace

Lending Club T. Rowe Price, Union Square Ventures, Kleiner Perkins, Foundation Capital, Norwest NYSE : LC
11-12-2014 Venture Partners, BlackRock, Thomvest, Morgenthaler, Wellington, Gold Hill Capital, $166.M
Canaan, Silicon Valley Bank, Sands Capital
Online direct lender which offers term loans and lines of credit to small businesses.
SF Capital, Institutional Venture Partners, Foundation Capital, Fortress Investment
OnDeck Group, Contour Venture Partners, Lighthouse Capital Partners, Tiger Global, Square 1
16-12-2014 stonegatemtg.com
$174M NYSE : ONDK
(New York, 2007) Bank, Tumelo DB, Google Ventures, First Round, Sapphire Ventures, Khosla Ventures,
Village Ventures, Goldman Sachs, KeyBank, Industry Ventures, RRE Ventures
Yirendai China- based P2P lending platform NYSE : YRD

18-12-2015 yirendai.com
Baidu $10M
(Beijing, 2012)

Major Acquisitions in the sector
Deal Total
Date Company Acquirer Overview
Size Funding
SmartPay Lease Purchase Finance
30-09-2015 smartpaylease.com
Tempoe $37M
Everline Working capital provider to small businesses in UK.

24-02-2015 everline.com
Ezbob
(London, 2012)
Prosper Healthcare Online healthcare financing platform

27-01-2015 prosperhealthcare.com
Prosper 21M
(Salt Lake City, 2009)
Endurance Lending
Business lending platform
25-10-2013 enduranceln.com
Network Funding Circle $1.5M
Thayer Street
Contigo Financial Emerge Financial Employer loans provider.

07-01-2013 contigofinancial.com
$15K
(Nashville, 2012) Wellness Solidus, Jumpstart Holdings LLC
BillSAFE Offers invoice payment solution for online purchases

22-12-2011 billsafe.de
eBay
(, 2008)
E-commerce company that allows customers to finance

Purchasing Power Rock Bridge
24-10-2011 purchasingpower.com
purchases through payroll deduction.
(Atlanta, 2001) Growth Equity
Paypal Credit
Provides purchase financing options to consumers.
06-10-2008 billmelater.com
(Lutherville-Timonium, PayPal 945M $100M
Kingdon, Amazon, Azure, Crosspoint Venture Partners, Upfront
2000)

1
Scope of Report
Investment Trend
Who is Investing
Sub Sector Analysis
Useful Links
Company List
Team

Tracxn BlueBox : Alternative Lending June 2016
1600+ companies in the sector, 585 funded in last 5 years, $17B invested in 2015/2016
Most Active Investors: QED Investors, Sequoia Capital, Victory Park Capital
CONSUMER LOANS $13.6B BUSINESS LOANS $2.7B
Personal Loans Mortgage Loans Term Loans Working Capital
Lending Club (2007, IPO) LendInvest (2013, $116.M) FundingCircle (2010, $273M) Kabbage (2009, $240M)
Education Loans Purchase Financing
SoFi (2011, $1.5B) Affirm (2012, $420M) Merchant Cash Advance Mortgage Loans
Payday Loans Asset Backed Lighter Capital (2010, $15M) LendingHome (2013, $109M)
LendUp (2012, $164M) Borro (2008, $178M)
Project Loans Franchise Loans
Project Loans Auto Loans Mosaic (2011, $20M) ApplePie Capital (2014, $9.8M)
Renovate America (2010, $146M) DriverUp (2015, $70M)
Employer Loans Credit Card Refinancing
Zebit (2011, $35M) Payoff (2009, $24.8M) ALTERNATE FINANCING $44M
Micro Loans Healthcare Loans Invoice Discounting Factoring
Kiva (2005, $9M) PrimaHealth Credit (2014, $1M) Fundbox (2012, $107.5M) BlueVine (2013, $64M)
ENABLERS $658B
Credit Scoring Investment Platform
Zest Finance (2009, $112M) Orchard (2013, $44.7M)
AGGREGATORS $97M
Fundera (2013, $18M)
WHITE-LABEL PLATFORM $40M

Insikt (2012, $24.3M)
Practice Area - Fintech | Analysts: @SurinderjitB Cumulative funding in the sector

Top Business Models by Funding
Lufax Kabbage ZestFinance LSQ Credit Sesame Insikt
SoFi Funding Circle Think Finance Fundbox Fundera Mirador Financial

16000
$13.6B
Total Funding Amount (in Millions)
12800
9600
6400
3200 $2.7B
$658M $443M $97M $40M

0
Consumer Loans Business Loans Enablers Alternate Financing Aggregators White-label Platform
Avg. Age 2011.7 2012.4 2012.7 2011.6 2011.9 2010.8
# Cos. 700 469 100 88 118 17

Consumer Loans – Business Model Description
Consumer Loans – Online lending platforms offering loans to consumer for various purposes like point of sale finance, auto
finance, education finance, housing finance.
Personal Loans Purchase financing PayDay Loans Education Loans Asset Backed Loans
Online lending platforms Online lending platforms Online lending Online lending Online lending
offering loans for any which offer point of sale platforms which give platforms offering companies offering
personal purposes. finance. loans for a tenure of 7 loans to students for loans secured against
to 30 days. education. a collateral.

Consumer Loans – Entrepreneur Activity and
Investment Trend
YoY – No. of Companies Founded Distribution of Companies across Countries
180 250
159
Number of Companies Founded
149 199
144 200
Number of Companies
108 93 150
108
72 56 100 74
46 62
23 29 25 50
36 24 15 15 14
0 0
2008 2009 2010 2011 2012 2013 2014 2015 United China India United South Australia Spain Germany
States Kingdom Africa
YoY – Total Funding and No of Rounds BM wise Investment

9000 250 8000 $7.5B
$8.2B

7200 219 200 6400

156
No. of Rounds
5400 150 4800
3600 77 $3.0B 100 3200

$2.3B $2.0B
47
1800 31 50 1600
6 11 18 $608M $414M $391M $340M
$471M $332M
0 $20M $60M $99M 0 0
2008 2009 2010 2011 2012 2013 2014 2015 Personal Loans Purchase Education PayDay Loans Asset Backed Project
financing Loans Loans Financing

Consumer Loans – Most Funded Companies
Funding
Company Overview Business Model
Amount
Peer-to-peer lender and financial-asset exchange
Consumer Loans -
Lufax CDH Investments, Centennial Infant and Child Centre Foundation, BlackPine Private Equity
lu.com
Personal Loans - P2P $1.7B
(2011, Shanghai) Partners, China Minsheng Banking, Bank of China Group Investment, Guotai Junan
Marketplace
Securities
Educational loans marketplace
Consumer Loans -
SoFi Morgan Stanley, Wellington, Institutional Venture Partners, SoftBank, Baseline Ventures
sofi.com
Education Loans - B2C $1.51B
(2011, San Francisco) Pte, Discovery Capital, Third Point, The Xl Corporation, RenRen Games, Baseline Ventures,
- Marketplace
sharepost.com, Innovation Endeavors, DCM Ventures
JD Finance Internet based financial services and products for consumers and SMEs Consumer Loans -
jr.jd.com
$1B
(2012, Beijing) Ample Harvest Capital, China Taiping Insurance, Sequoia Capital Personal Loans
Consumer Loans -
Jiedaibao Anonymous social based P2P lending platform
jiedaibao.com
Personal Loans - P2P $693.9M
(2015, Beijing)
Marketplace
Online lending platform
Consumer Loans -
Avant August Capital, Credit Suisse, Balyasny Asset Management, L .P., General Atlantic, DFJ
avant.com
Personal Loans - B2C - $655M
(2012, Chicago) Growth, KKR, Tiger Global, Victory Park Capital, Jefferies, JPMorgan Chase, DFJ, RRE
Marketplace
Ventures
Qufenqi Online microloan / installment plan provider for e-commerce purchases Consumer Loans -
qufenqi.com
$425M
(2014, Beijing) BlueRun Ventures, Alibaba Group, kalends.cn, Source Code Capital Purchase financing
Online lending platform for purchase financing Consumer Loans -
Affirm, Inc.
affirm.com
Founders Fund, Nyca, Silicon Valley Bank, Khosla Ventures, Andreessen Horowitz, Lightspeed Purchase financing - $420M
(2012, San Francisco)
Venture Partners, Jefferies, Spark Capital B2C

Business Loans – Business Model Description
Business Loans – Online lending platforms offering loans to businesses for working capital, expansion, equipment financing, etc.
Term Loans Working Capital Mortgage Loans Merchant Cash Project Loans
Advance
Online lending platforms Online lending platforms Online lending Online lending Online lending
offering loans to offering loans to platforms offering loans platforms offering cash platform providing
businesses for a fixed businesses for a tenure for commercial advance to businesses, commercial project
tenure usually more than of less than a year, in mortgage. repayment of which is loans.
a year. order to meet day to day made through
expanses of business. deduction from daily
sales revenue of
business.

Business Loans – Entrepreneur Activity and
Investment Trend
140 126 200
173
112 160
Number of Companies
91
85
84 120
56 80 70
41
32 48
28 20 40 29 28
11 10 16 12 12
0 0
2008 2009 2010 2011 2012 2013 2014 2015 United United China France India Australia Germany Singapore
States Kingdom

3500 140 1800

$2.9B $1.4B
2800 117 112 1440
86
No. of Rounds
2100 84 1080
$705M
1400 $1.3B 56 720
43
$409M
700 19 17 $564M 28 360
4 5 5
$218M $63M $18M $10M
$110M $9M $16M $92M
0 0 0
2008 2009 2010 2011 2012 2013 2014 2015 Term Loans Working Mortgage Merchant Project Loans Franchise
Capital Loans Cash Advance Loans

Business Loans – Most Funded Companies
Funding
Amount
Working capital financing for small businesses.
SoftBank, Mohr Davidow Ventures, Recruit Strategic Partners, Scotiabank, United
Kabbage Business Loans - Working
kabbage.com
Parcel Service, TPG Capital, Thomvest, Western Technology Investment, Santander $289M
(2009, Atlanta) Capital - B2B
InnoVentures, Lumia Capital, Guggenheim Partners, ING, BlueRun Ventures, SV
Angel, Reverence Capital, Victory Park Capital, TCW Group, Square, Stephens Inc
P2P lending marketplace for small businesses

Funding Circle Business Loans - Term Loans -
fundingcircle.com
Accel Partners, Union Square Ventures, Baillie Gifford, Temasek, Ribbit Capital, DST $273M
(2010, London) P2B Marketplace
Global, Index Ventures, Sands Capital
Online platform for business loans.

SF Capital, Institutional Venture Partners, Fortress Investment Group, Contour
OnDeck Business Loans - Term Loans -
ondeck.com
Venture Partners, Lighthouse Capital Partners, Tiger Global, Square 1 Bank, Tumelo $180M
(2007, New York City) Direct Lender
DB, Google Ventures, First Round, Sapphire Ventures, Khosla Ventures, Village
Ventures, Goldman Sachs, KeyBank, Industry Ventures, RRE Ventures
Renrendai P2P Lending Platform targeting white collar employees and SMEs Business Loans - Term Loans -
renrendai.com
$133M
(2010, Beijing) Honghe Venture Capital P2B Marketplace
Behalf Lending platform for SMBs Business Loans - Working

behalf.com
$129M
(2011, New York City) MissionOG, Maverick Ventures, Sequoia Capital, Victory Park Capital, Spark Capital Capital - Direct Lender
LendInvest P2P Lending for Mortgages Business Loans - Mortgage

lendinvest.com
$116.82M
(2013, London) Kunlun, Atomico, Macquarie Loans - P2B Markeplace

0
Enablers – Business Model Description

Enablers - Companies providing allied services to alternative lending platforms and investors on online lending platforms.
Credit Scoring Investment Platform Analytics
Companies that use Online platform which These companies offer

alternative data sources enables investors to software technology,
and machine learning invest in the loans on analytics to financial
algorithms to assess the various alternative clients in the lending
credit risk of potential lending platforms and industry.
borrowers. also maintain the
investors’ portfolio.

Enablers – Entrepreneur Activity and Investment
Trend
35 33 50
43
28 40
Number of Companies
21 17 17 30
14 20 17
15
6 7
7 4 10 6
2 3
0
0 0
2008 2009 2010 2011 2012 2013 2014 2015 United States China United Kingdom India Netherlands

450 35 450 $399M
$406M

30
360 30 360
22 25
No. of Rounds
270 20 270
180 11 15 180
$119M $112M
$93M 10
$94M $66M
90 1 90
3 5
1 $24M 2 $19M 6 $33M
$1M
0 0 0
2008 2009 2010 2011 2012 2013 2014 2015 Credit Scoring Analytics Investment Platform

Enablers – Most Funded Companies
Funding
Amount
Machine Learning technologies to give lenders a better understanding of risk
ZestFinance Enablers - Credit Scoring -
zestfinance.com
Northgate, Eastward Capital Partners, Fortress Investment Group, Lightspeed $112M
(2009, Los Angeles) Individuals
Venture Partners, Kensington Capital, Matrix Partners
Dimeng
dimeng.net
Developer of systems for net loan platforms Enablers $79M
(2005, Shenzhen)
Think Finance Analytics and technology services for lenders

thinkfinance.com
Enablers - Analytics $60M
(2001, Fort Worth) Sequoia Capital, Victory Park Capital
Account Technologies Credit scoring services for individuals and SMEs, in addition to overdraft facilities
indigomichael.com
Enablers - Credit Scoring $56M
(2011, London) and personal finance manager
Open Lending Automated lending services to financial institutions

openlending.com
Enablers - Analytics $50M
(2000, Austin) Bregal Sagemount
Technology and infrastructure provider for marketplace lending.

Orchard
orchardplatform.com
Brooklyn Bridge Ventures, Canaan, QED Investors, Nyca, Conversion Capital, Enablers - Investment Platform $44.7M
(2013, New York City)
Victory Park Capital, Spark Capital, Thomvest, Tom Glocer, Thrive Capital
Provider of consumer data, analytics and risk scoring solutions on those

FactorTrust Enablers - Credit Scoring -
factortrust.com
underserved by traditional banking channels $43.62M
(2006, Atlanta) Individuals
MissionOG, ABS Capital Partners

3
Alternate Financing – Business Model Description

Alternative Financing – Online platforms that provide businesses with invoice financing.
Factoring Discounting
Online platforms which Online platforms that

enable businesses to sell enable business to get
their unpaid invoices to cash (at a discount)
get access to cash before against their unpaid
the due date of invoice invoices.
payment.

Alternate Financing – Entrepreneur Activity and
Investment Trend
25 20 18
22
20 19
16
Number of Companies
13
15 12 11
12
10 8
7 5
4 4 4
5 4 4 3
3
1 1
0 0
2008 2009 2010 2011 2012 2013 2014 2015 United China United Singapore Australia India Netherlands Germany
States Kingdom

350 25 148.8

$295M $148M
280 22 20 148.0
15
No. of Rounds
210 15 147.2
140 10 146.4
$146M
4
70 2 1 2 $55M 5 145.6
1
$20M $25M $23M
$8M $1M
0 0 144.8
2008 2009 2010 2011 2012 2013 2014 2015 Factoring Discounting

Alternate Financing – Most Funded Companies
Funding
Amount
LSQ Accounts Receivable Financing

lsq.com
Alternate Financing $140M
(1996, Maitland) Ares Capital Corp, Lovell Minnick
Invoice Financing for SMEs

Fundbox Alternate Financing -
fundbox.com
SV Angel, Nyca, Bezos Expeditions, Khosla Ventures, Entree Capital, Blumberg $107.5M
(2012, San Francisco) Discounting - Direct Lender
Capital, Spark Capital, sound ventures, General Catalyst, LionBird
Online invoice factoring company

BlueVine
bluevine.com
Kima Ventures, Silicon Valley Bank, 83North, Citi Ventures, Kreos Capital, Menlo Alternate Financing - Factoring $64M
(2013, Palo Alto)
Ventures, Rakuten, Lightspeed Venture Partners, Correlation Ventures
The Receivables Auction-based Factoring for Businesses

Alternate Financing - Factoring
recx.com
Exchange Redpoint, StarVest Partners, Fidelity Ventures, Prism Venture, Bain Capital $39.75M
- B2B - Marketplace
(2007, New Orleans) Ventures
Alternate Financing - Factoring

MarketInvoice B2C marketplace for invoice financing
marketinvoice.com
- P2B Marketplace - Only $28M
(2010, London) British Business Bank, Northzone
accredited investors
Alternate Financing -
FastPay Working capital solutions for digital media businesses.
gofastpay.com
Discounting - B2B - $15M
(2009, Beverly Hills) SF Capital, Wells Fargo, Oak HC/FT
Marketplace
Alternate Financing -
P2Binvestor P2B lending platform.
p2bi.com
Discounting - P2B Marketplace $6.32M
(2012, Denver) Rockies Venture Club
- Only accredited investors

6
Aggregators - Business Model Description

Aggregators – These are the platforms which aggregate a number of online lending companies on one website, wherein the
borrower can compare and choose where to borrow from. These companies have tie-ups with online lending companies and
charge lead generation fee from them upon conversion of lead.

Aggregators – Entrepreneur Activity and
Investment Trend
30 45 41
24
24 22 36
Number of Companies
19
18 16 27
17
12 18 14 13
8
6
6 3 3 9 4 3 3 2
0 0
2008 2009 2010 2011 2012 2013 2014 2015 United United India South Australia Singapore Switzerland Canada
States Kingdom Africa
YoY – Total Funding and No of Rounds

160 14
$142M
12
128 12 11
No. of Rounds
96 $85M 8
5
64 5 4 6
4
$33M
32 3
1 $15M
$3M $4M $0.1M
0 0
2008 2009 2010 2011 2012 2013 2014 2015

Aggregators – Most Funded Companies
Funding
Amount
Personal finance management and price comparison of financial products
Credit Sesame
creditsesame.com
Syncora, Menlo Ventures, GLOBESPAN CAPITAL, Inventus Capital Partners, IA Aggregators $35M
(2010, Mountain View)
Capital Group
Multiple credit solutions provider for small businesses.

Fundera
fundera.com
QED Investors, SV Angel, First Round, Khosla Ventures, Lerer Hippeau Ventures, Aggregators $15M
(2013, New York City)
BoxGroup, Susquehanna Growth Equity
Sindeo Lead generator for mortgage loan providers.

sindeo.com
Aggregators $12.05M
(2013, San Francisco) RenRen Games
New England Funding

neftllc.com
Technologies, LLC Financial services platform providing credit tools for consumers Aggregators $10M
(2014, Newport Beach)
LoanHero A loan origination marketplace.

loanhero.com
Aggregators $4.2M
(2014, La Jolla) Mucker Capital, Alsop Louie
Financial aid aggregator for college students

Alltuition
alltuition.com
Kapor Capital, Excelerate Labs, Pritzker Group, Sandbox Industries, Hyde Park Aggregators $4.02M
(2010, Chicago)
Angels
Funding Options Third party customized solution provider for alternative lending.
fundingoptions.com
Aggregators $2.88M
(2011, London) GLI Finance, The North West Fund

9
Scope of Report
Investment Trend
Who is Investing
Sub Sector Analysis
Useful Links
Company List
Team

Interesting Unfunded Companies
TapLend Mobile lending platform (quick small loans).

Consumer Loans - Personal Loans - P2P Marketplace
(2015, SF)
Croudify Secondary Platform for P2P lending investors. Enablers – Secondary Market
(2014, SF)
SpringboardAuto Auto Loans Platform.

Consumer Loans - Auto Loans - Direct Lender
(2015, Irvine)
Invoice Cycle Provides factoring solutions to small businesses.

Alternate Financing - Factoring - Direct Lender
(2015, London)
Credit Kudos Credit scoring using consumer transaction data.

Enablers - Credit Scoring - Individuals
(2015, London)
TypeScore Enablers - Credit Scoring - Individuals - Quiz Based

(2015, London) Credit scoring through Natural Language Processing (NLP) algorithms. Scoring
aFundia Credit Scoring for businesses. Enablers - Credit Scoring - Businesses

(2015, Atlanta)

Interesting Seed Companies
Total
Funding
ModernLend Provides credit builder loans. Consumer Loans – Credit Builder

$40K
(2014, New York City) Entrepreneurs Roundtable Accelerator Loans
Investment platform that enables investors to invest on P2P lending

AlphaFlow platforms. Enablers – Investment Platform $120K
(2015, SF) Y Combinator, MetaProp
Finova Financial Direct lender for car title loans. Consumer Loans - Asset Backed
$125K
(2015, SF) 500 Startups Loans
FriendlyScore Social media based credit scoring. Enablers - Credit Scoring - Individuals
$375K
(2013, London) Startupbootcamp, Mercia Fund - Social Network Based Credit Rating
Alternate Financing - Factoring - P2B

Kickpay A marketplace for buying and selling of sales invoices.
Marketplace - Only accredited $120K
(2014, SF) Y Combinator
investors
SkillsFund A student financing platform for coding and data science programs.
Alternate Lending - Student Loans $11.5M
(2015, Austin)
PayJoy Online purchase financing platform.

Alternate Lending - Purchase Finance $3.3M
(2015, California) Core VC, Red Swan, Metamorphic

Interesting Series A Companies
Total
Funding
Online lending platform for personal loans. Consumer Loans - Personal Loans -
pave.com
Pave P2P Marketplace - Only accredited $318.6M
(2012, New York City) Maxfield, Seer Capital investors
Renrendai P2P Lending Platform targeting white collar employees and SMEs Business Loans - Term Loans - P2B
renrendai.com $133M
(2010, Beijing) Honghe Venture Capital Marketplace
Paypal Credit Provides purchase financing options to consumers. Consumer Loans - Purchase financing
billmelater.com $100M
(2000, Lutherville-Timonium) Kingdon, Amazon, Azure, Crosspoint Venture Partners, Upfront - B2C
Point of sale solution for financing a vehicle online

AutoFi Consumer Loans - Auto Loans - B2C -
autofi.com
500 Startups, Laconia Capital Group, Crosslink Capital, Lerer $19.5M
(2015, San Francisco) Marketplace
Hippeau Ventures, Basset Investment Group
Online platform for community loans for international business
Prodigy Finance school students. Consumer Loans - Education Loans -
prodigyfinance.com $13.7M
(2007, London) P2P Marketplace
Balderton
Neyber Offers loans to employees which are repaid through salary

neyber.co.uk Consumer Loans - Employer Loans $12.35M
(2014, London) deduction
Credit scoring using mobile usage data.

Inventure Enablers - Credit Scoring - Individuals $11.2M
inventure.com
India Internet Fund, Google Ventures, LOWERCASE capital, MESA
(2011, Los Angeles)
Ventures, Collaborative Fund

Interesting Series A Companies
Total
Funding
Branch Short term lending mobile application.

branch.co Consumer Loans - Micro Loans $10.6M
(2014, San Francisco) Khosla Impact, Formation, Andreessen Horowitz
Provides platforms for lending as a service.

Mirador Financial White-label Platform $10.1M
miradorfin.com
Nyca, Vesta Corp, Vesta Corporation, Core VC, Crosslink Capital,
(2014, Portland)
Jump Capital, LLC, Collaborative Fund
Business & personal credit monitoring.
Nav (fka Creditera) Enablers - Credit Scoring - Businesses $6.5M
nav.com
Peak Ventures, Kleiner Perkins, Rock and Hammer Ventures,
(2012, South Jordan)
Kickstart Seed Fund
Company offering credit scores to individuals using machine
aire.io
Aire learning algorithms. Enablers - Credit Scoring - Individuals $1.4M
(2014, London)
SparkLabs Global, Accion, Barclays Accelerator, Tom Glocer

Interesting Series B Companies
Total
Funding
Peer-to-peer lender and financial-asset exchange
Lufax CDH Investments, Centennial Infant and Child Centre Foundation, Consumer Loans - Personal Loans -
lu.com $1.7B
(2011, Shanghai) BlackPine Private Equity Partners, China Minsheng Banking, Bank P2P Marketplace
of China Group Investment, Guotai Junan Securities
Alternate lending solutions for consumers
WeLab Consumer Loans - Personal Loans -
welab.co
TOM Group, Iconiq Capital, ING, Ule, Sequoia Capital, Khazanah, $180M
(2013, Hong Kong) Direct Lender
Guangdong Technology Venture Capital
Payday loans direct lender
Kapor Capital, Y Combinator, QED Investors, Kleiner Perkins, Consumer Loans - PayDay Loans -
LendUp $164M
lendup.com
thomvest.com/, Andreessen Horowitz, AFSquare, Eagle Cliff Direct Lender
(2012, San Francisco)
Partners, Data Collective, Google Ventures, Thomvest, Google
Ventures, SV Angel, Victory Park Capital, Founders, Susa Ventures
Lending platform for SMBs
Behalf Business Loans - Working Capital -
behalf.com
MissionOG, Maverick Ventures, Sequoia Capital, Victory Park $129M
(2011, New York City) Direct Lender
Capital, Spark Capital
LendInvest P2P Lending for Mortgages Business Loans - Mortgage Loans -

lendinvest.com $116.82M
(2013, London) Kunlun, Atomico, Macquarie P2B Markeplace
Alternative lending platform for refinancing student debt

Earnest Maveron LLC, First Round, Andreessen Horowitz, New York Life Consumer Loans - Education Loans -
meetearnest.com $107M
(2013, San Francisco) Insurance Company, Atlas Venture, Adams Street Partners, Direct Lender
Battery, Collaborative Fund

Interesting Series B Companies
Total
Funding
Technology and infrastructure provider for marketplace lending.
orchardplatform.com
Orchard Brooklyn Bridge Ventures, Canaan, QED Investors, Nyca, Enablers - Investment Platform $44.7M
(2013, New York City) Conversion Capital, Victory Park Capital, Spark Capital, Thomvest,
Tom Glocer, Thrive Capital
Crowdfunding for Real Estate Business Loans - Mortgage Loans -
RealtyShares P2B Markeplace - Only accredited $36.21M
realtyshares.com
Union Square Ventures, 500 Startups, Menlo Ventures, General
(2013, Mountain View) investors
Catalyst
Social networking based credit scoring

Lenddo Enablers - Credit Scoring - Individuals
lenddo.com
Accel Partners, Lumia Capital, Golden Gate, atcapital.com, iNovia, $14M
(2011, Singapore) - Social Network Based Credit Rating
Blumberg Capital, Life.SREDA, Omidyar, Metamorphic, Kickstart
Online marketplace for auto loans Consumer Loans - Auto Loans - P2P
driverup.com
DriverUp Marketplace - Only accredited $70M
(2015, Austin) Emerald Development Managers LP, SF Capital, RRE Ventures investors
Online real estate equity and debt based crowdfunding platform Business Loans - Mortgage Loans -
realtymogul.com
Realty Mogul P2B Markeplace - Only accredited $49M
(2013, Los Angeles) Canaan, Microsoft, Microsoft, VoiVoda, Sorenson Capital investors

Interesting Late Stage Companies
Total
Funding
Educational loans marketplace
Consumer Loans -
sofi.com
SoFi Morgan Stanley, Wellington, Institutional Venture Partners, SoftBank, Baseline Ventures Education Loans - B2C - $1.51B
(2011, San Francisco) Pte, Discovery Capital, Third Point, The Xl Corporation, RenRen Games, Baseline Marketplace
Ventures, sharepost.com, Innovation Endeavors, DCM Ventures
Online lending platform
Consumer Loans -
avant.com
Avant August Capital, Credit Suisse, Balyasny Asset Management, L .P., General Atlantic, DFJ Personal Loans - B2C - $655M
(2012, Chicago) Growth, KKR, Tiger Global, Victory Park Capital, Jefferies, JPMorgan Chase, DFJ, RRE Marketplace
Ventures
Online lending platform for purchase financing Consumer Loans -

Affirm, Inc. Purchase financing - $420M
affirm.com
Founders Fund, Nyca, Silicon Valley Bank, Khosla Ventures, Andreessen Horowitz,
(2012, San Francisco) B2C
Lightspeed Venture Partners, Jefferies, Spark Capital
P2P Lending Marketplace

QED Investors, Volition Capital, Passport Capital, Institutional Venture Partners, USAA, Consumer Loans -
Prosper Personal Loans - P2P $356M
prosper.com
Neuberger Berman, BBVA Ventures, BlackRock, Meritech, J.P. Morgan, Crosslink Capital,
(2005, San Francisco) Marketplace
Sequoia Capital, Phenomen Ventures, Breyer Capital, dag ventures, Omidyar, DFJ, Accel
Partners, Francisco Partners, Benchmark, Credit Suisse, SunTrust, TomorrowVentures
Working capital financing for small businesses.
SoftBank, Mohr Davidow Ventures, Recruit Strategic Partners, Scotiabank, United Parcel Business Loans -
Kabbage $289M
kabbage.com
Service, TPG Capital, Thomvest, Western Technology Investment, Santander Working Capital - B2B
(2009, Atlanta)
InnoVentures, Lumia Capital, Guggenheim Partners, ING, BlueRun Ventures, SV Angel,
Reverence Capital, Victory Park Capital, TCW Group, Square, Stephens Inc

Total
Funding
Provides purchase financing and late payment options.
Klarna Consumer Loans -
klarna.com
QED Investors, Institutional Venture Partners, Atomico, DST Global, General Atlantic, $282.8M
(2005, Stockholm) Purchase financing
Sequoia Capital, Oresund Investments
P2P lending marketplace for small businesses Business Loans - Term

Funding Circle Loans - P2B $273M
fundingcircle.com
Accel Partners, Union Square Ventures, Baillie Gifford, Temasek, Ribbit Capital, DST
(2010, London) Marketplace
Global, Index Ventures, Sands Capital
China's P2P Leading Platform Consumer Loans -

Dianrong Personal Loans - P2P $219M
dianrong.com
ZJ Capital, Northern Light Venture Capital, Tiger Global, Standard Chartered, Sun Hung
(2012, Shanghai) Marketplace
Kai Properties
Online lending platform Consumer Loans -

chinarapidfinance.com
China Rapid Finance Personal Loans - P2P $56M
(2001, Shanghai) QED Investors, Northwater Capital, Broadline Capital, DLB Capital Marketplace
An online lending platform. Consumer Loans -

Upstart Personal Loans - B2C - $53.2M
upstart.com
Founders Fund, New Enterprise Associates, Third Point, Google Ventures, CrunchFund,
(2012, Palo Alto) Marketplace
Kleiner Perkins, First Round, Khosla Ventures, Collaborative Fund

Total
Funding
Personal lending based on big data points
Kreditech Point Nine Capital, Varde Partners, Inc., Global Founders Capital, IFC, Digital Pioneers, Consumer Loans -
kreditech.comv $150.5M
(2012, Hamburg) Kreos Capital, HPE Growth Capital, Amadeus Capital, Blumberg Capital, Victory Park Personal Loans - B2C
Capital, J.C. Flowers & Co.
P2P Lending marketplace Consumer Loans -
Jimubox Personal Loans - P2P $121M
jimubox.com
Ventech China, Xiaomi, Shunwei, Investec, Mandra Capital, Venture Tech, Magic Stone
(2013, ) Marketplace
Alternative Investments, Matrix Partners, Vertex Management
Alternative loans for residential mortgages. Business Loans -

LendingHome Mortgage Loans - P2B
lendinghome.com
First Round, Ribbit Capital, Foundation Capital, Cowboy, RenRen Games, Colony Capital $109.3M
(2013, San Francisco) Markeplace - Only
INC accredited investors
Invoice Financing for SMEs Alternate Financing -

Fundbox Discounting - Direct $107.5M
fundbox.com
SV Angel, Nyca, Bezos Expeditions, Khosla Ventures, Entree Capital, Blumberg Capital,
(2012, San Francisco) Lender
Spark Capital, sound ventures, General Catalyst, LionBird
Online platform for consumer loans. Consumer Loans -

loandepot.com
loanDepot Mortgage Loans - Direct $71.95M
(2010, Foothill Ranch) Lender
Online P2P lending marketplace. Consumer Loans -

Zopa Personal Loans - P2P $58.3M
zopa.com
Wellington Partners, Benchmark, Augmentum Capital, Arrowgrass, Balderton, Bessemer
(2005, London) Marketplace
Venture Partners

Some Funded Deadpooled Companies
Funding
Amount
Peer to peer lending platform
SoMoLend Business Loans - Term Loans - P2B
somolend.com
CincyTech, QED Investors, Queen City Angels, North Coast Angel $5.4M
(2011, Cincinnati) Marketplace
Fund, LaunchHouse, Blue Chip Venture
Nail Your Mortgage Solutions for borrowers and lenders to interact in an open
nailyourmortgage.com
Aggregators $3.1M
(2009, Chicago) electronic marketplace.
Bilbus Working Capital Platform

bilbus.com
Business Loans - Working Capital $53.3K
(2010, New York City) Seedcamp
Nexx P2P lending marketplace Consumer Loans - Personal Loans -

nexx.co.nz
$15k
(2007, Auckland) Icehouse New Zealand P2P Marketplace

Banks making efforts to ride the online lending
wave!
A trend was observed in the end of year 2015 and by the first quarter of 2016 it became very evident. Banks are tying up with
online lending platforms to lend money via them inorder to leverage their online platform and credit risk assessment
technologies.
Some of the major partnerships the sector has witnessed include:
• Santander UK teamed up with Kabbage to offer fast loans to SMEs. Link
• Avant and Regions Bank announced an agreement to offer a streamlined online consumer loan application and underwriting
experience for Regions Bank customers. Link
• JP Morgan Chase Bank entered into strategic partnership with OnDeck to use OnDeck’s platform to serve it’s small business
customers. Link
• DBS Bank signed cross-referral agreements with peer-to-peer lending platforms, Funding Societies and MoolahSense to
expand loans to SMEs. Link
• Metro Bank strikes deal with Zopa to enter peer-to-peer lending market. Link
Apart from this the sector saw some of the banks launching their own online lending products:
• Wells Fargo introduced FastFlex, an online short-term loan for small businesses. Link
• National Australia Bank enters SME online lending market with launch of QuickBiz Loans. Link

1
Scope of Report
Investment Trend
Who is Investing
Sub Sector Analysis
Useful Links
Company List
Team

Useful Links
Slide Title Content Platform Link
List of All Companies in readable format Companies Link
Top investments in last one year Investment Trend Link
Top IPOs in the sector Exit Outlook - IPO, Acquisitions Link
Major Acquisitions in the sector Exit Outlook - IPO, Acquisitions Link
Consumer Loans – Most Funded Companies Sub Sector Understand Link
Business Loans – Most Funded companies Sub Sector Understand Link
Enablers – Most Funded Companies Sub Sector Understand Link
Alternate Financing – Most Funded Companies Sub Sector Understand Link
Aggregators – Most Funded Companies Sub Sector Understand Link
Some Funded Deadpooled Companies Companies Link

3
Scope of Report
Investment Trend
Who is Investing
Sub Sector Analysis
Useful Links
Company List
Team

Alternative Lending – Company List
COVERS THE FOLLOWING SECTORS
Alternate White-label
Consumer Loans Business Loans Enablers Aggregators
Financing Platform

Consumer Loans Business Loans Alternate Financing Enablers Aggregators White-label Platform
Consumer Loans (1/174)

Company Details Funding Investors
JD Finance [Beijing, 2012]: JD Finance provides a range of financial services and
products to consumers, startups, SMEs and other businesses in China. JD Finance aims
to leverage JD.com’s e-commerce expertise to provide financial solutions. Its services
include consumer credit, supply chain finance, online and mobile payment,
crowdfunding and wealth management. JD Finance claims to have completed Ample Harvest Capital, China Taiping
$1B
transactions of RMB150 billion in 2015, of which RMB100 billion were online and Insurance, Sequoia Capital
mobile payment transactions. JD Finance has teamed up with U.S. financial
technology firm ZestFinance to establish a joint venture to enter the consumer credit
space in China. It has raised $1B at a valuation of ~$7B from Sequoia Capital China
Personal Loans and China Taiping Insurance
Phoenix Finance [Beijing, 2014]: Phoenix Finance is an online finance start-up
launched by Phoenix Satellite Television Holdings. The platform offers alternative
lending products with interests ranging from 4% to 12%, as well as personal and small
$80M CITIC Capital, Cash Capital
business loans. It also has a crowdfunding unit. It mines high-quality financial products
through large data analysis system to quantify the financial model and uses intelligent
Personal Loans algorithm to provide users with a more dynamic fit to their financial portfolio.
Meili Jirong [Beijing, 2015]: Meili Jinrong focuses on providing consumer credit to
middle income workers by providing loans to young Chinese consumers - aged 18-35 -
GX Capital, Morningside Group,
who can't afford to purchase second-hand cars and electronics. The platform also
$65M Jingdong, Bertelsmann Asia
allows borrowers to repay loans in installments. It claims to have offered loans to
Investment Fund
17,000 second-hand car purchasers since its inception in September, and it is
Personal Loans targeting 80,000 loans by 2016.


Credivalores [Bogota, 2002]: Credivalores is a NBFC, dealing in origination of
consumer loans in Colombia. Their Products: TUCRÉDITO offers loans to employees
and pensioners of public and private companies with repayment by payroll deduction.
CREDIUNO is the credit card allows you to purchase everything you've always wanted,
enjoying the best deals on the main commercial establishments and the ease of $34M IFC, Gramercy
paying through your utility bill. CREDIPÓLIZA allows payment of insurance policies
revocable, in monthly installments through a flexible and agile legal or natural persons
scheme. CREDIYA is microfinance product that provides working capital to micro
Personal Loans entrepreneurs.
Exchange Corporation [Tokyo, 2008]: Exchange Corporation (“ExCo”) is a nationally

CyberAgent Ventures, Arbor Ventures,
licensed Japanese Non-Bank Lender and Type II Financial Instruments company, based
$12.8M 500 Startups, Recruit Strategic
in Tokyo. ExCo operates the AQUSH.JP peer-to-peer lending service for borrowers
Partners, SIG
and lenders in Japan.
Personal Loans
Lendful [ , 2015]: Lendful provides an online lending marketplace for personal loans
of up to $35,000. The platform requires the borrower to have a credit score of at least
690. Once the borrower has uploaded the application, Lendful uses online data and
technology to assess risk, determine a credit rating and assign an appropriate interest $10.75M Alterna Bank
rate to the borrower. Once the loan application is approved, the offer is sent to the
borrower for consideration and, if accepted, the documentation is executed and
Personal Loans money is disbursed.
Edai Corporation [Jinjiang, 2006]: Edai Corporation focuses on individuals and

businesses to provide personal loans, small loans, bank loans, car loans, mortgage
$10M Softbank China & India Holdings
loans, home loans, business loans and unsecured loans, loan counseling and financing
services.
Personal Loans


STLC [Hangzhou, 2015]: STLC is an online financial investment platform for
consumers. The main product is investing in securitized loans. The investment and
financing is done in a structured equity-linked products and assets backed loans which $9.13M Tianshi Capital
include personal loans, business loans, and supply chain assets. It has raised Series A
Personal Loans round of funding.
Creamfinance [Warsaw, 2012]: Creamfinance is a leading technology-driven

consumer loans company offering multiple credit products across international
markets. We assess applications by analyzing online data and credit intel from
traditional sources. Utilizing advanced algorithms and machine-learning capabilities to $7.34M Flint Capital
quickly evaluate and score, Its product portfolio includes microloans, installment loans
and creditline, currently being offered in 5 markets – Poland, Latvia, Czech Republic,
Personal Loans Slovakia and Georgia. Creamfinance is the parent company of CreditOn brands.
MILI [Moscow, 2012]: MILI is a consumer finance company in Russia. MILI issues loans
to active users of social networks, leveraging their social capital. MILI has built unique
scoring methods, paying equal attention to both standard information sources and
$6.1M
users online social capital. Credit decision is made within 5 minutes directly on the
website and money is transferred through one of the largest retail chains in Russia
Personal Loans (over 5,000 retails posts) - Euroset.
Backed Inc [New York City, 2014]: Backed is an online lending platform based in New
York and Tel Aviv. Applicants are graded using predictive modelling and data mining
techniques and are incentivised to submit additional information, verifications and
references, grant access to online profiles and invite vouchers or co-signers to help $1.5M Cyhawk Ventures Ltd., iAngels
them reduce their APR. It offers unsecured, fixed rate consumer loans ranging from
$2,500 to $25,000, amortized at fixed instalments over 12, 24 or 36 months, which
Personal Loans may be cosigned by up to 5 individuals.


UangTeman [Jakarta, 2014]: UangTeman.com, a product of Digital Alpha Group, is an
online lending service that provides instant short-term micro credit to Indonesian
consumers. As of Jan 2016, it provides loans up to US$160 for less than 30 days and at
1% per day for the first loan. Its big data driven credit risk algorithms determine, in
$800K Alpha JWC Ventures
real time, the creditworthiness of loan applicants within Indonesia. A successful
applicant can expect to receive the loan proceeds in his/her bank account within 2
hours after final approval and verification. It lends both for personal and business
Personal Loans purposes.
Zaimionline [ , 2013]: zaimionline.ru provides online microloans to Russian citizens

$0.3M
for making purchases. It claims to decide the issuance of loans in less than a minute.
Personal Loans
DirectMoney [Balmain, 2006]: DirectMoney is an online lending platform for
unsecured personal loans of up to $35,000 for a loan tenure of 3 or 5 years. The
interest rates for borrowers start from 8.5% p.a. It enables investors to directly invest
in personal loans via a regulated investment product by buying units in the
$98k
"DirectMoney Personal Loan Income Fund". DirectMoney Personal Loan Income Fund
is a diversified portfolio of unsecured, fixed rate, personal loans made to borrowers
located across Australia. The minimum investment amount for lenders is A$50,000. It
Personal Loans also offers loans to small businesses.
Prestamos Prima [Barcelona, 2013]: Prestamo Primas offers a range of products,
including short term and personal loans, vehicle-secured leasebacks, mortgage-
secured loans, as well as loans secured by different kinds of professional licenses. Its
European peer-to-peer lending platform offers low risk investments in loans Finstar Financial Group
supported by mortgages, adding high-yield consumer loans and a ‘Secondary Market’
to the platform. All these offerings are done by its 3 products Viventor, Twinero and
Personal Loans Cochego.


Euroloan [Helsinki, 2007]: Euroloan Consumer Finance is a provider of short-term
financing for private customers. Its services include collection services, financial
systems (solutions for online lending, payment processing, credit scoring), purchase of
receivables, business financing, administrative services for offices, consumer finance
services (such as virtual credit card) and accepting savings and deposits (license Finstar Financial Group
pending approval). It provides a fully automated, web-based service to different
customer segments, offering maximum information about each segment. This
information includes payment behaviour and payment disorders, price/demand
Personal Loans elasticity and price/payment rate effects.
CashBus [Shanghai, 2014]: CashBus is a provider of personal loans. The users have to
register, fill the amount of loan required and verify &; authenticate their identity,
after which they are offered loans. It claims to be using big data technology to analyze Qiming, China Growth Capital
and provide credit assessment of the users. It provides users with collateral free
Personal Loans loans. Claims to have raised Series A round of funding.
Elevate [Fort Worth, 2014]: Elevate provides online credit solutions to consumers. Its
main products are: 1.Rise: Online installment loan.; 2.Sunny: Online short-term
lender.; 3.Elastic: Line of credit for borrowers. Elevate was spun-off from Think
Victory Park Capital
Finance, the company providing analytics solutions to lending companies. Elevate
raised $70M in debt financing from Victory Park Capital in August 2015 for its lending
Personal Loans business.
Saida [ , 2015]: Saida is an online lending platform which facilitates borrowing for
users directly from their mobile phones. Borrowers sign up on the app and share the
required data with the company. It then provides the loan amount and terms for Y Combinator
which the borrower is eligible. Once the application is approved, the money is
Personal Loans transferred to the borrower's mobile wallet. Saida is currently operating in Africa.


RainFin [Somerset West, 2010]: RainFin is an online lending platform for personal
and business loans of upto R500,000 for a tenure of 1-4 years. It allows members to
upload their loan application on the platform and withdraw the funds once investors
have committed to 40% of their funding requirements. The platform allows individual
and institutional investors to invest on its platform with a minimum investment of
R100. It charges borrowers an initiation fee of 2.85% of the loan amount that is paid
upon the issuance of the loan and charges lenders a service fee of 1.14% of the
Personal Loans offered amount.
Mombo [Nairobi, 2013]: Mombo provides short term credit facilities to small and
medium enterprises as well as individuals in both formal and informal employment
sector.
Personal Loans
Presta [Espana, 2013]: T-Presta is an online lending platform for personal and
business loans. It offers credit products for various purposes including debt
consolidation, mortgage loan, emergency needs, renovation, business loans, loans to
taxi drivers. It also offers Minicredit which offers unsecured loans of up to 600 € in
Personal Loans under 10 minutes.
Bayside Finance [ , 2014]: Bayside Finance Solutions provide short term lending
solutions to an array of clients around South Africa. Operating out of its Head Office in
Durban with representation around the country, Bayside provide Bridging Finance on
property transactions, commission discounting, invoice discounting, bridging on
Personal Loans deceased estates as well as Short term loans.


Lendico Brazil [Sao Paulo, 2015]: Lendico Brazil is a online lending platform for
personal loans. It is a subsidiary of Lendico, a Germany-based lending platform.
Personal Loans
Simplic [Sao Paulo, 2013]: Simplic is a subsidiary of Enova International, Inc., a NYSE
listed company (ENVA). It is a Brazil-based online lending platform for personal loans
offering loans in the range of R $ 500 and R $ 2,500. The borrowers can choose to pay
back the loans in 3, 6, 9 or 12 installments. It is a not a direct lender but facilitates
Personal Loans financial institutions to lend to people.
NetCredit [Chicago, ]: NetCredit is a subsidiary of Enova International, Inc., a NYSE

listed company (ENVA). It is an online lender for personal loans that offers loans
within a range of $1,000 to $10,000. It also helps the borrowers build a positive credit
history by notifying timely repayments to TransUnion and Experian.
Personal Loans
Laifenqi [Beijing, 2014]: Laifenqi, launched by Qufenqi, is a small loan provider for
young white collar workers. It grants up to 500,000 yuan in credit to users that are
working for Chinese internet giants or startups backed by venture capitalists. The
loans can be used to purchase cars, home rentals and holidays, etc.
Personal Loans
PinkLoans [Mumbai, 2016]: PinkLoans is an online lending platform for unsecured

consumer loans. As of May 2016, it is in stealth mode.
Personal Loans


Credisfera [Sao Paulo, 2015]: Credisfera is a Brazil-based online lender for personal
loans. It offers loan in the range of R $ 1,500 to R $ 15,000. The interest charges range
from 3.4% to 7.6% per month.
Personal Loans
Smyfinancial [Shenzhen, 2015]: Smyfinancial is mobile platform providing which

provides users short terms loans to pay their credit card bills. It enables users to pay
their credit card bills without incurring interest rates. Once approved it take three
seconds to pay the bill. The repayment can be made in installments. Claims to have
Personal Loans raised Angel round of funding.
Goldbug [Delhi, 2015]: Goldbug is a loan origination platform. Claims to be using Big
data analytics to help borrowers get access to loans at cheaper rates. Founding team
from CMU. Yet to launch as of January 2016.
Personal Loans
Zaimo [Spain, ]: Zaimo is a subsidiary of Kreditech SSL Holding GmbH. Zaimo offers
online personal loans. Loans are available within a range of €300 to €5000 which can
be repaid in up to 48 installments. It claims to disburse loans within 15 minutes.
Personal Loans


Tigo [Dar es Salaam, 1994]: Tigo is the leading telecom operator in Tanzania that
provides mobile financial services with ‘Tigo Pesa’ and is set to launch a collateral-free
nano lending product to offer immediate access to micro loans to Tigo Pesa users.
Nano loans product called Tigo Nivushe offers different lending periods with variable
administrative costs based on the length of tenure.With an average of Tsh 10,000
(US$ 5), the loans are processed in real-time and funds transferred within minutes
directly to customers mobile moneywallets. As customers build up their credit history
they are able to borrow higher amounts with lower administration fees. Customers
can immediately use the funds to pay bills, transfer to others, or cash out at the
thousands of agents across the country. Tigo Nivushe is fee based, no interest can be
accumulated in the event of default and acquiring a loan will not affect mobile or Tigo
Personal Loans Pesa accounts in any way.
MovaPay [Nairobi, ]: MovaPay is a technology company that builds easy to use
software and automation services in mobile money, customized payment solutions,
enabling banks and MFIs to easily integrate value added financial services. With its
products M-save and M-loan, customers can save, earn interest on their savings and
access higher loan amounts according to their savings. M-Loan is a micro-loans service
where qualified subscribers of an MNO are able to access instant loans through
Mobile Money. The service is available to Mobile Money subscribers, companies,
Personal Loans SACCOs etc. This service is available for both mobile money and GSM customers.
Personalsgloan [Singapore, 2011]: Personalsgloan provides all types of personal loans

by securing credit or cash. Different offers made by the company are payday loans,
short term loans, personal loans and even business loans in Singapore. Company also
offers unsecured loans depending upon the credit rating of an individual in the
Personal Loans market.


Digital Alpha Group [Jakarta, 2015]: Digital Alpha Group is a company that develops
technology and infrastructure for the FinTech industry in South East Asia region. The
company has launched its first product, UangTeman in March 2015, which provides
online lending service as short-term micro credit to Indonesian consumers. As of Jan
2016, it provides loans up to US$160 for less than 30 days and at 1% per day for the
Personal Loans first loan.
Loan Ranger [Manila, 2015]: Loan Ranger is a product of First Digital Finance. The
company provides short-term instant or near-instant credit to consumers. The
company uses Big Data analytics to score any customer from different online sources.
Personal Loans
Likely Loans [Nottingham, 2014]: Likely Loans is a provider of unsecured personal

loans with fixed monthly repayments. Likely Loans is a trading name of Oakbrook
Finance Limited. People can borrow within a range of £1,000 up to £5,000 for up to 3
years.
Personal Loans
WikiLoan [ , ]: It provides management tools that allow Borrowers and Lenders to

manage the process by: providing loan documentation, promissory notes, repayment
schedules, email reminders, online account access, and online repayment. Borrowers
can create a loan listing between $500 and $25,000.
Personal Loans
Bayport SA [Johannesburg, 2004]: Bayport offers unsecured personal loans of upto R

100000 for a period of 6 to 54 months. The entire loan procedure is undertaken
online.
Personal Loans


COBOL [Johannesburg, ]: Cobol provides loans from R1000 up to R3000, which can be
paid over 1-6 months. The application is filled online followed by a quote which if
accepted by the individual, the amount is deposited to his account.
Personal Loans
CreditCircle [Salt Lake City, 2013]: CreditCircle helps lower borrowing costs
dramatically and pay off debts faster. They offer sponsored loans to people with low
credit rating. Sponsors are people from borrower's social network who have good
credit, a steady job, and pay their bills on time. They can help you out by guaranteeing
your loan with just their signature. In exchange, they can earn a fee. If they don’t
want to guarantee the full loan amount, they can back you up with whatever amount
they feel comfortable down to a minimum of $5,000. Borrower can have up to three
Sponsors. The loan amount can vary from $5,000 to $15,000, subject to credit
approval. They charge an origination fee of 6% of the amount borrowed or $249,
Personal Loans whichever is higher.
Argyle Legal Funding [Las Vegas, 2015]: Argyle Legal Funding provides injury loans to
fill the need for quick cash while waiting for lawsuit to settle. The initial qualifying
criteria is that the client must have hired an attorney on a contingency-fee
agreement. The company handles all the legal loan documentation necessary for
Personal Loans lawsuit loans directly with the lawyer.
Finefectivo [Makati, 2011]: Finefectivo in Philippines is a subsidiary of the same

parent company from Mexico. It is an alternate lending platform to working
individuals based on their contract with their company. It claimed to help the Filipino
prosper through ready access to credit.
Personal Loans


Enova [Chicago, 2003]: Enova provides real-time financial options for people facing
immediate cash demands. As a global financial resource for under-served consumers,
they operate a portfolio of businesses that offer a variety of online credit products
and services to more than one million customers in the United States, United
Kingdom, Australia and Canada. It uses proprietary technology and analytics to
evaluate, underwrite and fund loans. It operates under various brands in different
geographies such as CashNet USA, DollarsDirect, NetCredit, Headway Capital, Simplic,
Personal Loans QuickQuid, Pounds to Pocket, On Stride Financial and Simple Credit.
PerPay [Philadelphia, 2014]: PerPay is a seed stage, financial wellness, lending and
payment platform.
Personal Loans
Enliven Financial [Vancouver, 2014]: WeEnliven is an online platform provider for
alternative loans including personal and home equity loans. It offers fixed rate
unsecured and secured personal loans of up to $10,000 for a loan tenure of 1-5 years.
Providing collateral may improve chances of eligibility or cost of borrowing on the
platform. It also provides home equity loans which allows the borrower to borrow up
to $100,000 with a lien on equity in the home. The lien is removed when the loan is
paid back. Home equity loans are for a tenure of 1-5 years with a 360 month loan
amortization period. Interest rates on the both the loans start from 14.99% APR. It
Personal Loans charges an origination fee on secured loans but unsecured loans are free.


Kreditech [Hamburg, 2012]: Kreditech is a German online lender which offers loans
to individuals based on their creditworthiness which is analyzed using their online Point Nine Capital, Varde Partners,
data instead of using traditional credit rating information. The creditworthiness of a Inc., Global Founders Capital, IFC,
user is determined in less than a minute based on up to 8,000 data points and the Digital Pioneers, Kreos Capital, HPE
$150.5M
loan is directly issued. Kreditech currently offers its services in Poland, Spain, Russia, Growth Capital, Amadeus Capital,
the Czech Republic, and Mexico. All national platforms are operated by the Blumberg Capital, Victory Park Capital,
international team, which currently consists of over 75 employees from 18 countries, J.C. Flowers & Co.
Personal Loans - B2C from its headquarters in Hamburg. Has raised $15M in debt from Kreos Capital so far.
vouch [San Francisco, 2013]: Vouch is an alternate lending platform that secures
every loan by using the borrower's network as sponsors of the loan. A borrower has
to get a 'qualified' sponsor to receive a loan, the more sponsors he can get on-board
his application, the easier his loan terms shall be. There are two types of loan
IDG, IDG Ventures, Cooley, AngelList,
products on offer, one being where the principal borrowed is under $1,500 and the
$10.06M Greylock, First Round, Core VC, Data
other where the amount is over $2,000. In the case of the former, the more sponsor a
Collective
borrower on-boards, the higher his borrowing capacity rises, whereas in the case of
the latter, sponsor on-boarding results in a reduction of percentage points from the
interest rate of the loan. Sponsors need to be qualified by meeting the screening
Personal Loans - B2C criteria of Vouch. In the case of a default, the sponsors repay Vouch for the loan.
Loanz [Irvine, ]: Loanz is an online provider of personal loans. It offers fixed rate,
unsecured personal loans in the range of $5,000 to $35,000 with a tenor of up to 3
years and interest rate between 6.25% and 28.65%. It also offers on-ramp personal
loans which are offered to people with insufficient credit history. These loans are in
the range of $5,000 to $20,000 with interest rates between 11.25% and 26.85%.
$2M
However on-ramp personal loans require the borrower to also have a co-signer
attached to the loan who should have a credit score of minimum 660 and liquid assets
between 2-5 time the loan amount. Loanz started operating in January 2015. All loans
on the platform are made by Cross River Bank, a federally insured, New Jersey
Personal Loans - B2C commercial bank.


Oakbrook Finance [Nottingham, 2011]: Oakbrook finance is a technology led
consumer finance business, providing personal loans through the trading name Likely
Loans. People can borrow between £1,000 and £5,000 even with poor credit history.
Sequensis is another subsidiary which builds the analytics platform.Company has
many more projects in pipeline which will improve borrowing for those who can’t
Personal Loans - B2C always get credit from the banks.
Monedo [Hamburg, 2015]: Monedo offers a suite of financial products. Monedo is
part of Kreditech Group and the company offers 4 products - 1) Monedo Now -
provides Short &; medium term loans from €500 to €8000 with repayment duration
varying from 3 to 26 months.2) Monedo Flex - provides credit lines up to €3000
where user's pay interest only on what they use. 3) Monedo Pay - Virtual Payment
card and 4) Monedo Me - Dashboard to track finances real time. Pay &; Me are yet to
Personal Loans - B2C be launched.
Moneylion [New York City, 2013]: Moneylion is a lending platform which offers
personal loans. Its product offerings include installment loans, line of credit pre-paid
debit cards and point-of-sale financing. It claims to use innovative machine learning
based algorithms and big-data analytics to programmatically underwrite loans. It has
Personal Loans - B2C offices in New York, San Francisco and Kuala Lumpur.
Karrot [Atlanta, 2015]: Karrot is a personal loan arm of Kabbage, a alternative lending
platform for businesses. Karrot offers quick online personal loans up to $35,000 with
36 and 60 month payment terms. All Karrot personal loans are issued by Celtic Bank, a
Utah-Chartered Industrial Bank, Member FDIC and all Karrot loans are issued in Salt
Personal Loans - B2C Lake City, Utah.


Best Egg [Wilmington, 2013]: Best Egg is an online lending platform for personal
loans. It offers loans from $2,000-$35,000 for a tenure of 3 or 5 years and interest
rates ranging from 5.99% to 29.99%. It also charges an origination fee of 1-5%. It
offers loan products for various purposes such as home improvement, debt
consolidation, business expenses, home purchase, durable purchases, relocation and
travel. Best Egg loans are unsecured personal loans through Cross River Bank, a New
Personal Loans - B2C Jersey chartered bank.
Sploor [London, 2015]: Sploor is an app that offers travel loans. Customers can book
travel with Sploor.com and pay for it over 12 months using consumer finance, instead
of paying for it all before the trip. Sploor doesn't hold any of the risk associated with
the lending. This is because we have a third party lender who will provide the credit
Personal Loans - B2C check and the finance. The average interest rate will be 7.5% APR.
Fig Loans [Houston, ]: Fig Loans provides short term loans to individuals from $300 to
$750 for a loan tenure of 4-6 months. The repayment is reported to credit agencies to
help build borrower's credit history.
Personal Loans - B2C
Elastic [Arlington, 2001]: Elastic provides an unsecured line of credit to consumers for
unexpected needs such as medical bills, auto repairs and utility bill payment. Upon
approval, the borrower will receive a $500 to $3,500 credit line and can borrow up to
the credit limit at any time. The Elastic line of credit is offered by Republic Bank &;
Personal Loans - B2C Trust Company.


Freedom Plus [San Mateo, 2002]: Freedom Plus is an alternate lender providing
personal loans of up to US$35,000 for a tenure of 2-5 years. The loans can be used for
various needs such as debt consolidation, home improvements, wedding, purchases
and medical expenses. It provides same day approval with money transfer in 24
hours. Its interest rates vary between 7.5% and 27% with an origination fee of up to
5%. It is a part of Freedom Financial Asset Management and the loans are provided by
Personal Loans - B2C Cross River Bank.
Avant [Chicago, 2012]: Avant is an online personal lending platform. It screens
applications borrowers on the basis of FICO scores. The amount of principal lent is August Capital, Credit Suisse, Balyasny
arrived at by taking into account income levels, credit history scores, and other Asset Management, L .P., General
criteria. Avant operates in 46 U.S. states and in the United Kingdom. Avant $655M Atlantic, DFJ Growth, KKR, Tiger
Institutional Marketplace enables qualified institutional investors the ability to Global, Victory Park Capital, Jefferies,
purchase loans originated through the Avant technology platform. Has raised more JPMorgan Chase, DFJ, RRE Ventures
Personal Loans - B2C - Marketplace than $1B in debt. The platform has lent 3 billion dollars between 450,000 borrowers.
SocietyOne [Sydney, 2011]: SocietyOne is an Australian P2P lending platform. It
enables individuals to borrow money from wholesale investors without the
intermediation of a bank or financial institution. Qualified borrowers can request up
to $35,000 in unsecured personal loans at rates determined by their credit history.
Approved applications are listed on the platform for verified investors to assess and Reinventure Group, News Limited,
$54.54M
bid on. Once terms are agreed and accepted by the parties, SocietyOne handles the Global Founders
funds management and servicing of every loan on behalf of the matched borrowers
and investors. SocietyOne is fully compliant with National Consumer Credit Protection
Laws and the Australian Securities &; Investments Commission’s (ASIC) financial
Personal Loans - B2C - Marketplace services laws.
Upstart [Palo Alto, 2012]: Upstart is an online lending platform that goes beyond the
Founders Fund, New Enterprise
FICO score to finance people based on signals of their potential, including schools
Associates, Third Point, Google
attended, area of study, academic performance, and work history. Their proprietary
$53.2M Ventures, CrunchFund, Kleiner
underwriting model identifies high quality borrowers despite limited credit and
Perkins, First Round, Khosla Ventures,
employment experience. In return, the borrowers share a small percentage of their
Collaborative Fund
Personal Loans - B2C - Marketplace income with their backers for the next 10 years.

Borrowell [Toronto, 2014]: Borrowell is a Canadian online marketplace that brings
together institutional investors and borrowers looking for loans. Loans can be granted
to small businesses, as well as individuals for a term not exceeding 5 years. The
Power financial, Hedgewood,
principal amount lent can rise up to $35,000 with the portal offering fixed interest $11.8M
Equitable Bank, Freycinet Investments
rates and no prepayment penalties. The portal charges a one-time origination fee to
borrowers other than the interest on the amount borrowed. Borrowell has lent over
Personal Loans - B2C - Marketplace $50 million dollars to applicants.
Grow Financial Inc [Vancouver, 2014]: Grow (Previously known as Grouplend) is an
online provider of unsecured personal loans. It offers loans of up to $30,000 for 3
years at an interest rate that varies between 5.9% to 17.5%. It requires the borrower
$10.2M
to be a Canadian citizen with a 3 year credit history, a minimum FICO score of 690 and
permanent employment with a minimum gross salary of $30,000. In November 2015,
Personal Loans - B2C - Marketplace GroupLend re-branded to Grow Financial.
BankFacil [Sao Paulo, 2012]: BankFacil is an online lending platform that provides
secured loans to individuals with real estate or automobiles as collateral. It facilitates
the lending process by originating the loans from financial institutions from which it
Rockaway Capital, Redpoint
also charges a commission for every transaction. The time required for the loans $4.4M
eVentures, Accion, Napkn
depends on the collateral offered and is usually shorter for the car and longer if real
estate is offered as the collateral. Apart from loans, the company also offers, payment
Personal Loans - B2C - Marketplace cards, insurance and investment products.
IndiaLends [Delhi, 2014]: IndiaLends is an online platform connecting borrowers and
institutional lenders for low rate loans. It uses a proprietary algorithm that aggregates
information from a large number of data sources like the credit bureau, the
application form, social networks. Also provides value-add services such as big-data
analytics, credit risk assessment and verification and automated work-flows for loan
$1M DSG Consumer Partners
origination and management. Founding team comprises of IIT and London Business
School alumni. Has processed 1,500+ applications, and disbursed about INR 2 crore in
loans as of July, 2015. Has raised funding from DSG Consumer Partners, Siddharth
Parekh and Gautham Radhakrishnan, Partner at Tata Opportunities Fund. Launched a
Personal Loans - B2C - Marketplace credit score and analytics app in March '16.

Capzest [Mumbai, 2015]: Capzest is a digital lending platform that has partnered with
banks and NBFCs to provide unsecured personal and business loans. Uses proprietary
model that calculates the individual’s credit score by considering more than 10,000
data points. Personal loans range from Rs. 50,000 to Rs. 2 lakhs, with an interest rate
of 11.49% to 14%. Their business loans range from Rs. 25 lakhs or Rs.50 lakhs up to
$200k http://lionventures.in/
Rs. 5 crores, with an interest rate of 10-11%. Launched a mobile app that allows users
to apply for loans, check their credit profile, manage loans, etc. Team from IIT
Kharagpur, claims that it has received over 1500 applications for personal loans and
150 application for SME loans till Jan 2016. Raised a seed round of $200,000 led by
Personal Loans - B2C - Marketplace Lion Ventures along with HNI’s in Feb 2016.
Bing100 [Guangzhou, 2015]: Bing100 is an online platform which enables financial

institutions to provide mortgage-free loans to enterprises and individuals. Some its
Cherubic Ventures
partners are China CITIC Bank, China Merchant Bank, Bank of China etc. It claims to
have raised Angel round of funding from Cherubic Venture Capital.
Personal Loans - B2C - Marketplace
Loan Solutions [Cebu City, 2013]: LoanSolutions is an online lending marketplace and
lead generation platform for a range of financing products such as personal loans,
home loans, vehicle loans and business loans. It has tied up with lenders who Undisclose
KK Fund, Kickstart
originate and disburse the loans on the platform to borrowers. Its algorithms match d
the borrowers with the lenders and gives them the choice of proceeding with the
Personal Loans - B2C - Marketplace lender based on their preferences.
BorrowersFirst [Austin, 2013]: Borrowers First offers personal loans from $2,500 to
$35,000, amortized over 3 to 5 years with interest rates ranging from 5.99% to
26.99% per year. It has institutional lenders lending on the platform and the loans are SF Capital
unsecured personal loans made by Cross River Bank, a New Jersey chartered bank,
Personal Loans - B2C - Marketplace member FDIC.


Kredit Konnection [Mumbai, 2015]: Kredit Konnection is an online marketplace which
connects borrowers to financial institutions. Suggests interest rate based on
borrowers profile and loan requirements. Offers doorstep collection of documents to
borrowers. Loan amount borrowed can range from 20,000 to 5,00,000 and tenure can
vary from 6 Months to 3 years. Kredit Konnection will make identity, fraud and credit
checks of Borrower. Supports EMI payments through ECS and post-dated cheques for
Personal Loans - B2C - Marketplace the tenure of the loan.
Instaloans [Bangalore, 2015]: Instaloans is a platform which claims to let the users
know the approved amount of loan within three minutes and after 24 hours, the
money will be with with the users. It also claims to have no high interest rates. They
also have tied up with various Indian banks and financial institutions. After taking the
loan, the user will have complete transparency and control over loan management,
Personal Loans - B2C - Marketplace through the technology. Currently under development as of September 2015.
Kountmoney [Bangalore, 2015]: KountMoney is a platform which matches investors
with credible salaried borrowers in India. Borrowers are certified by the company
through tie-ups with credit rating agencies and loan recovery agencies. Claims to get
investors higher returns and borrowers lesser rates than credit cards. Lenders can
view profile across India and Kount Money takes care of document collection.
Borrowers get quotes from multiple banks and can choose as per their requirements.
Raised undisclosed amount in seed funding round from MD of Suashish Diamonds
Personal Loans - B2C - Marketplace through Tracxn Syndicate in Nov,2015
Social Lender [Lagos, 2014]: Social Lender is a social lending solution based on social
reputation on Social Media platforms. Cash is offered to Social Media communities of
financial institutions for pay back within a short period. Social Lender is patented and
licensed to financial institutions by Bincom ICT Solutions. It allows people to borrow
money from banks and other financial institutions guaranteed by their social
reputation. They facilitate banks and other financial institutions to lend money to
Personal Loans - B2C - Marketplace people they can't normally access via Social Media.


Taralite [Jakarta, 2015]: Taralite is a lending platform for multiple household
purposes. The company provides loans for different reasons as home renovation,
child birth, education. wedding, business loan etc. As of December 2015, company is
providing its services in Java, Sumatra, Kalimantan, Sulawesi, Nusa Tenggara and
Personal Loans - B2C - Marketplace Papua.
Hurong Club [Shanghai, 2014]: Hurong Club operates an online platform that
connects lenders such as pawn shops, auto loan providers, small loan providers with
borrowers. Terms, interest rates and other details of loans are given upfront and the
company assures protection of lent money.
Geru [Sao Paulo, 2014]: Geru is a online lending platform in Brazil. It is a

correspondent of the Banco AndBank (Brasil) S.A and own an online platform that
facilitates customer access to products and services offered by accredited financial
institutions on the platform.
Happy Rupee [Hyderabad, 2015]: Happy Rupee is an online platform which allows
users to apply and get short term loans in one day. The platform claims to tie up with
NBFC who lend money to customers through the platform. It is upgrading its
technology as of August 2015.
Flexiloans [Mumbai, 2016]: Flexiloans is a B2C lending marketplace. Claims that it will
be using social and alternate data to offer loans to businesses with inadequate
financial history. Offers working capital loans, discounting, factoring and other
business loans. Also offers advance salary personal loans. Team consists of CAs, ISB
Personal Loans - B2C - Marketplace and IIT alumni.


CoinTribe [Delhi, 2015]: CoinTribe is a lending marketplace offering business and

personal loans. Raised undisclosed amount of funding from Puneet Dalmia, MD of
Dalmia Cements.
Fangjinsuo [Shenzhen, 2013]: Fangjinsuo is an online focused platform for real estate
financial services which provides real estate financing, loan services etc. It also has an
O2O business model to facilitate the loan distribution. It has raised debt in December
2015.
10Banks [Wuhan, 2015]: 10Banks is a mobile app based lending and borrowing
platform. It enables the financiers who are different partner banks to release loan on
demand and communicate with the bank credit manager immediately. It claims to
have raised Angel round of funding.
Alternative Circle [ , ]: Alternative Circle is an app based marketplace which enable

Financial Institutions to lend capital directly to end users without the need to build
their own systems. They have an intelligent artificial intelligent system that gets to
know increases loan limits according to payment patterns.
Creditexchange [Bangalore, 2015]: Credit Exchange is a platform connecting

institutional investors to borrowers. Evaluates creditworthiness of borrowers by using
proprietary credit scoring technology, co-invests in loans with institutional investors.
Partnered with LendFoundry to develop technology stack. As of Feb '16, the company
Personal Loans - B2C - Marketplace is in stealth mode.


Concourse Markets [Bronx, 2015]: Concourse Markets is a loan syndication platform

that enables multiple community lenders to lend to a single borrower or project.
engageloans [Westwood, 2012]: Engage Loans is an online lending company

providing personal loans to consumers. Its product line includes payday loans,
personal loans, installment loans and title loans It allows people to borrow loans
between $100 and $15,000. Engage loans is not a direct lender and facilitates loans
Personal Loans - B2C - Marketplace through a network of lenders .
Oportun [Menlo Park, 2005]: Oportun, formerly Progreso Financiero, is a direct Peterson Partners,
lender for credit building unsecured personal loans focused on lower-income Hispanic blackrockbkcc.com, Charles River VC,
families. It provides loans without collateral to clients who lack a credit history using a CFSI, Greylock, Institutional Venture
proprietary risk scoring system. It is offering personal loans of $300 - $6,000 with $221.09M Partners, Bank of America, Silicon
affordable, fixed payments (no bank account, previous loan, or collateral like auto Valley Bank, Great Oaks Venture
titles required). It helps users build their credit history by reporting customer Capital, Core VC, dag ventures,
Personal Loans - Direct Lender accounts to credit bureaus.It has disbursed more than $2.2bn. Fidelity
WeLab [Hong Kong, 2013]: WeLab operates WeLend, Hong Kong’s online lending
platform as well as Wolaidai, a mobile lending app for mainland China. WeLab's
lending platforms are powered by WeDefend, the company's proprietary risk
management technology, claims to use machine learning, big data technologies, and
TOM Group, Iconiq Capital, ING, Ule,
unstructured data to deliver a risk management solution and customer experience. It
Sequoia Capital, Khazanah,
has pivoted from P2P lending model to B2C model where in it has partnered with $180M
Guangdong Technology Venture
financial institutions to provide banking solutions providing credit to people who are
Capital
unable to obtain financing through traditional channels. Raised $20M from Yuri
Milner, ICONIQ Capital, Ule, Sequoia and Tom Group in Series A round of funding and
raised $160M in Series B round of funding from ING, Khazanah Nasional Berhad and
Personal Loans - Direct Lender Guangdong Technology Financial Group (GTFG)


CashCredit [Sofia, 2011]: Cash Credit is a tech-based non-banking financial institution
which works in partnership with mobile network operators to offer micro financial
services to mobile subscribers. The company uses a proprietary credit scoring
approach to offer consumers quick credit decisions, with billing through their partner
$25M Delta Partners
operators. Cash Credit partners in Bulgaria with the country’s two largest mobile
network operators, MTEL and GLOBUL. It has an automated process of approval and
granting. The loan amount varies between 200 BGN to 2,000 BGN for a time duration
Personal Loans - Direct Lender of 1 - 18 months. The loans are guaranteed by one or two guarantors.
Nimble [Gold Coast, 2005]: Nimble provides short term loans of up to $1,600 which
can be paid back over weeks. It charges 20% of the principal amount as the fee and
4% of principal amount per month as the interest charges. It also provides a prepaid $18.3M
Nimble Visa card which can be used to load funds independently or by directly
Personal Loans - Direct Lender receiving the nimble fund in the card.
Progressa [Vancouver, 2013]: Progressa is an online lending platform for personal

Conconi, Cypress Hills Local
loans. The loans are unsecured, installment loans with a tenure of 6-36 months. The $11.4M
Development Corporation
loan amount varies between $1,000-$15,000 with an interest rate of 29 - 47%.
Personal Loans - Direct Lender
Cumulus Funding [Chicago, 2011]: Cumulus Funding provides personal loans to
borrowers for an amount up to $10,000 USD. However, instead of structuring the loan
Bridge Investments, C Technologies,
to be serviced by periodic repayments, the platform structures the repayments as a
$6.85M Service Provider Capital, Continental
percentage of the borrower's income. The income-share loan term can be spread
Investors
across for a maximum of 6 years. Screening criteria for applications includes income,
Personal Loans - Direct Lender creditworthiness, occupation, location, etc.


LoanNow [Santa Ana, 2013]: LoanNow is a direct lending platform that offers
personal loans to the public. The platform offers a maximum principal amount of
$10,000 which can be repaid in a term exceeding no longer than 24 months. The
$6M
typical APR on the platform ranges between 79-189%, though the figure varies on a
case by case basis on applications. Unlike payday loans, credit taken from LoanNow
Personal Loans - Direct Lender can help increase the FICO scores of the borrower.
Argon Credit [Ridge, 2014]: Argon Credit is an alternate funding platform for personal
loans. The principal amount of the loan can range from $1,000 to $20,000, with
interest rates that vary according to several factors, including the state in which the
borrower resides. The interests are monthly, and there is no prepayment charge. $5.05M little owl, Merit Management Group
There is however a late fee and a delinquent fee, depending on the nature of the
delay in repayments. Repayments are calculated using a simple interest amortization
Personal Loans - Direct Lender schedule.
Mogo.ca [Vancouver, 2006]: Mogo offers an online account with a free VISA
reloadable prepaid card. Mogo offers loans to customers with not-so-good credit
history, with a step-based interest rates which decreases as the customer levels up, Fortress Investment Group, Difference
$4.02M
enabling them to get out of debt sooner. Offers free credit scores to customers who Capital
borrow from Mogo. Lends upto Canadian $35,000 with rates starting from 5.9% (goes
Personal Loans - Direct Lender as high as ~40%).
Ascend Consumer Finance [San Francisco, 2014]: Ascend is a direct online lender for
unsecured personal loans. It offers two products: Ascend Personal Loan(a standard
personal loan with a monthly payment that will never change) and RateRewards Mucker Capital, Birchmere Advisors,
$1.5M
Program (a program that allows borrowers to lower their interest cost up to 50% each OCA Ventures, Securian
month by making timely repayments). The applicant must have a minimum 580 FICO
Personal Loans - Direct Lender score in order to be eligible for loan. The loan size can vary from $2,600 to $15,000.


Aella Credit [Lagos, 2015]: Aella Credit is a Nigeria-based lender for personal loans. It
underwrites loans with a proprietary algorithm focused on the Nigerian market and
$1M
integrated with the credit bureaus. It offers loans ranging from N100,000 to
N1,000,000 for up to 12 months.
Balance Credit [Irving, 2013]: Balance Credit provides unsecured fast personal loans
to people with bad credit. The company is able to help customers across the credit
spectrum gain access to loans as low as $100 and up to $3,000 with terms as long as .princetonalternativefunding.com
24 months. It also reports borrower's timely payments to a credit bureau, and which
Personal Loans - Direct Lender helps to improve their credit score over time.
One Credit [Lagos, 2012]: One Credit is a licensed finance company that provides
short-term and affordable consumer credit to individuals who have limited access to
finance. IT offers simple cash loans to individuals. It also partners with various
NET1
retailers in Nigeria to provide point-of-sale financing for consumer goods and
household appliances. They offer loan within a range of N40,000 to N1,000,000 for 3,
Personal Loans - Direct Lender 6, 9 or 12 months.
GreenCredit [Nairobi, ]: Green Credit Group Limited is a non-deposit taking Micro

Finance lending institution headquartered in Nairobi, Kenya. They target individuals
and businesses requiring financial support on flexible terms. They provide asset
financing, salary advance, import duty finance, invoice discounting and project
Personal Loans - Direct Lender financing.


Stonegate Mortgage [Indianapolis, 2005]: Stonegate Mortgage is a direct lender of
mortgage loans to both consumers and businesses. The Company's integrated and
scalable residential mortgage banking platform includes a diversified origination
business which includes a retail branch network, a direct to consumer call center and
a network of third party originators consisting of mortgage brokers, mortgage bankers
and financial institutions (banks and credit unions). The Company performs servicing
for its own mortgage servicing rights as well as those owned by other investors. The
Company also provides warehouse financing through its NattyMac, LLC subsidiary to
Personal Loans - Direct Lender third party correspondent lenders.
Monedo Now [ , ]: Monedo Now is an online lending platform for personal loans. It is
part of Kreditech. It offers loans in the range of 500 to 4000 euros. The borrowers can
choose how much will they repay every month. It claims to disburse loan within 5
minutes of approval.
OppLoans [Chicago, 2010]: OppLoans is a Chicago-based direct lender for personal
loans. The loan size can vary from $1,000-$10,000 for a tenure of 6-24 Months at an
APR ranging between 125%-199%. It launched a mobile website and application in
May 2016. It is is licensed to lend or arrange loans in the following states: Alabama,
California, Delaware, Idaho, Illinois, Kansas, Maryland, Missouri, New Mexico, Ohio,
Personal Loans - Direct Lender SouthCarolina, Tennessee, Texas,Utah, Virginia and Wisconsin.
Bamboo [Southampton, 2011]: Bamboo is a direct lender which offers guarantor

loans and unsecured personal loans. It offers loans within a range of £1,000 to £5,000
for a tenure of 1 to 5 years. It does not charge pre-payment penalty. It loan products
include wedding loan, debt consolidation loan, car loan and home improvement loan.


Savvy Loans [Wilmslow, ]: Savvy.co.uk is a trading name of Valour Finance Limited is
authorised and regulated by the Financial Conduct Authority. Savvy loans is a lending
platform that offers unsecured loans from £300-£3,000 over 12-24 Months in the UK.
The repayments are made through equal monthly installments. As of March 2016,
Personal Loans - Direct Lender 18000 loans till date.
4Finance [ , ]: 4Finance is a online and mobile lending company offering single

payment, line of credit and installment loans. The single payment loan is available
upto EUR 2,000 fora period of 30 days. Installment loans offer upto EUR 4,000 for 2-3
years. A credit line with flexible monthly repayments is available for up to EUR 2,100.
Personal Loans - Direct Lender As per their website they have issued EUR 3 billion in loans since their launch in 2008.
easyfinancial [Mississauga, 2006]: easyfinancial is a lending platform that offers

unsecured personal loans and mortgages. It offers loan within a range of $500 to
$15,000 for a tenure of 9 to 60 months. It is part of goeasy Ltd, a TSE listed company.
They are present at around 200+ locations in Canada.
Springleaf [North, 1920]: Springleaf Holdings, through its subsidiary companies
(Springleaf), is a leading provider of consumer credit based in Evansville, Indiana.
Springleaf provides Personal and auto loans from $1,500 to $25,000*. It has extended
over $10 billion in personal loans to over 3.5 million customers. Loans are being used
for debt consolidation, household bills, home improvements, car purchases, and other
major purchases. Springleaf offers credit and non-credit insurance through subsidiary
insurance companies. Springleaf originates loans through its more than 800 branches
Personal Loans - Direct Lender located across the U.S.


International Personal Finance [Leeds, 2007]: IPF launched their first digital online
loan offer, hapiloans, in Poland in 2014 and acquired MCB Finance in February 2015, a
profitable and experienced digital consumer finance provider. hapiloans is delivered
direct to their customer’s bank accounts. New customers can borrow between
1500PLN and 7500PLN with loan terms over three months to two years, and up to
three years for repeat customers.MCB Finance, which was established in 2006, runs
successful credit operation with two brands – Credit24 and Sving. It operates in five
markets: Finland, Estonia, Latvia, Lithuania and Australia.Their acquisition of MCB
Finance brings together online installment and credit line (revolving) products with
new distribution and service channels. They integrated hapiloans business with MCB
Personal Loans - Direct Lender Finance to create IPF Digital.
Quick Cash Club [Keighley, 2012]: The Quick Cash Club is a short term lender
providing small cash advances for those who may have been refused elsewhere. They
offer loans between £50 and £750 over 6 to 24 months with equal repayments to be
paid in installments over a set period of time. All their loans require a guarantor to
back up client's application. Suitable guarantors: are aged over 21, had no trouble
paying their bills in the past, have minimum monthly income of £800. They pay the
funds out into the guarantor’s bank account for them to pass to the borrower. This is
Personal Loans - Direct Lender to prevent identity fraud being committed against the guarantor.
Money3 [Bundoora, 2006]: Money3 offers Personal loans &; Vehicle finance from
$2,000 to $35,000 over periods of up to 36 months, and Short term loans between
$100 &; $5,000 with repayments between 30 days to 36 months. They focus on
client's ability to repay, tailoring individual loan repayments that are easy and
affordable to his financial circumstances. The loan period will depend on the loan
product client has been approved for. Supporting documentation such as Proof of I.D,
Proof of Residence &; Proof of Income will be required to assess the application. All
loan repayments are direct debited from client's Bank Account and are scheduled to
line up with their current pay frequency whether it is weekly, fortnightly or monthly.
Personal Loans - Direct Lender no penalty fees for early payment.


Basix [Los Angeles, 2015]: Basix provides offers three-year loans of $3,000-$5,000 to
customers in five states. Our every payment includes a 15-day grace period. The
interest rates range from 25.99% to 35.99% APR. No loan origination fees and if
borrower fails to pay any scheduled installment within 15 or more days, they may
Personal Loans - Direct Lender charge a late fee of $5.
Pounds to Pocket [London, 2010]: Pounds to Pocket provides personal loans upto
£2000 for 6-12 months time frame. During application, they ask for address,
employment, bank account and monthly expense information. Once approved,
money will be sent to your bank account within 10 minutes after approval. Customers
can choose to repay their personal loans by debit card or direct debit authorization. If
Personal Loans - Direct Lender a scheduled payment is missed, they’ll be charged a late fee of up to £15.
Express Loans [Singapore, 2014]: Based in Singapore, ExpressLoans offers personal &;
business loans which can be secured or unsecured. The company provides loans for
personal needs to short term payday loans to its customers. It is a part of
IPcreditsg.com, providing a platform to submit applications for loans from IP
credit(Lender). Secured loans cover loans with providing a collateral and unsecured
Personal Loans - Direct Lender loans without a collateral as security.
First Digital Finance [Manila, 2015]: First Digital Finance is a financial analytics
platform which is trying to digitalise the fintech world. The company has its product
Loan Ranger which provides short-term instant or near-instant credit to consumers.
The company uses Big Data analytics to score any customer from different online
Personal Loans - Direct Lender sources.
96 Credit [Singapore, 2012]: 96 Credit works for a social purpose of making

unsecured loan affordable, accessible and sustainable for the people of Singapore.
The company provides unsecured personal loans and works on relationship-based
approach.


Motion Yield [Ibadan, 2011]: Motion Yield is a Nigeria-based consumer finance

provider. They offer four consumer credit products G-Motion, G-Blaze, Quick Cash
and I-Flex.
Pogo Loans [Liverpool, 2015]: Pogo Loans is a digital finance company, based in the
UK offering short term loans. They offer loans between £200 - £600, with a
repayment period of 1 - 3 months. All of their loans are charged at 219% fixed per
annum.
CreditOn.lv [ , 2010]: CreditOn.lv offers short term loans and credit line of upto €
1000 for a period of 6 months. Creamfinance is the parent company of CreditOn.
MYJAR [Salford, 2009]: MYJAR is a direct lender which offers short term loans of up
to £500 to £1000 for a periods of 1, 3, 6 and 12 months.
Different Money [Knutsford, 2014]: Different Money provides short term loans of
£150-£2,500 for 2-12 months. Once the application is accepted and confirmed, the
amount is directly transferred to the bank account. Different Money interest rates
vary from 0.8% per day to 0.34% per day depending upon the length of your short
Personal Loans - Direct Lender term loan.


Wizzcash [London, 2012]: Wizzcash is a direct lender which offers short term
unsecured loans from £200 to £1,000 that are repaid over 3 months. It also offers
installment loans for 12 month period.
Peachy [ , ]: Peachy.co.uk is a trademark of Cash On Go Ltd based in Manchester.

Peachy is a online direct lender which offers short term loans from £50-£700 for 15
days to 12 months.
Crefisa [ , 1964]: Crefisa offers personal loans to retirees, pensioners and civil
servents. It has over 800 points of service in all states of Brazil and claims to have
served 1.5 million customers.
Skyline Direct [Belfast, 2009]: Skyline Direct is an online provider of short term loans.
First time borrowers can borrow up to £200 and returning customers up to £1,000.
It offers cash loans, high street vouchers and pre paid hampers which can be paid
back weekly
Sunny [London, 2013]: Sunny offers fixed sum installment loans from £100 to £2,500.
The company offers two products, Sunny and Sunny Plus. It offers installment loans of
up to £2,500 for a tenure of up to 14 months and is a high-cost, short term credit
provider. The interest rate is capped at 0.8% per day.


BuddyLoans [Cheadle Hulme, 2014]: Buddy Loans is a provider of unsecured personal
loans. It provides medium term loans between £1,000 - £7,500 over a period of 1 - 5
years which can be used to clear existing debts, make home improvements, vehicle
upgrade or pay for a holiday. The loans are backed by a guarantor who agrees to
Personal Loans - Direct Lender take over payments in case of borrower default.
Bamboo Loans Ltd [Southampton, 2014]: Bamboo Loans is an online platform

offering consumer loans to individuals in UK. It lends between £1,000 to £5,000 for a
loan tenure of 1-5 years. It offers various types of loan products such as Guarantor
Loans, Unsecured Loans, bad Credit Loans, Wedding Loans, Car Loans and Home
Personal Loans - Direct Lender Improvement Loans. Bamboo Finance is a direct lender.
Satsuma Loans [Bradford, 2013]: Satsuma provides short term loans to consumers of
up to £1,000 for a time period of 13-52 weeks. Returning customers can borrow up to
£2,000 per transaction. Repayment can be done in periodic payments as agreed upon
by the borrower and the company.
almfunding [Saint Louis, 2014]: ALM Funding is a sub-prime lending company

providing installment, personal, payday and signature loans. Its instalment loans can
be borrowed for up to $5,000. It also facilitates bad credit and short term loans.


Good 2 Go Loans [ , ]: Good2Go Loans provides financing products to consumers
including cash loans, car loans, business loans and personal loans. The details of the
products are as follows: 1.Cash Loans: $500 to $5,000 for 4 weeks to 2 years.; 2.Car
Loans: $3,000 to $30,000 for 1 year to 7 years,; 3.Personal: $3,000 to $30,000 for 4
weeks to 5 years.;4.Business loans: 14 days to 5 years. The repayment options for the
loans can either be weekly, fortnightly, monthly or another suitable arrangement as
agreed. The process for the loan application is fairly simple: A borrower upload the
application form, relevant verification documents, and gets the electronic bank
transactions verified. Once the documents and transactions have been verified, the
Personal Loans - Direct Lender company deposits the money directly in borrower's account.
PiggyBank [Christchurch, 2011]: PiggyBank is an online lender of short term and
instalment loans. It offers short term pay-day loans of up to £400 for a loan tenure of
up to 35 days for first time borrowers and up to £1,000 for returning customers. It
offers instalment loans between £100-£400 for a duration of up to 5 months for first-
time borrowers and up to £1,500 for returning customers. Its security partners, to
verify the credit history of the person, include CIFAS, GeoTrust, Callcredit and security
Personal Loans - Direct Lender metrics.
Float [Lexington, 2011]: Float Money is an online lender which offers credit line to
consumers based on their average shopping amount on its website. Consumers shop
on Float's website or purchase gift-cards to be used in-store. Float then records the
consumer's average spending amount and allots a line of credit to the consumer
based on the amount, with the minimum amount being US$200. Consumer can
withdraw this credit line to the bank account and pay it down over time. The loan
Personal Loans - Direct Lender does not incur any interest and is free of any fee or charge.
Check Into Cash [Cleveland, ]: Check Into Cash Online is an alternate lending platform
that provides cash advances, pay day loans, and title backed loans to the public. The
loan application is both online and offline, with title loans for vehicles requiring a
physical appraisal of the asset. The platform also offers services such as check cashing,
Personal Loans - Direct Lender bill payments and top ups for cell phones.


LendingPoint [Atlanta, 2014]: LendingPoint is an online direct lender that provides
personal loans to people within 24 hours.The principal amount borrowed can range
from $3,500 to $15,000, for a term no longer than 36 months. The interest rates vary
depending on factors such as amount borrowed, term length, and FICO scores of
Personal Loans - Direct Lender applicants. The APR of loans starts at 13.9%.
Lufax [Shanghai, 2011]: Lu (Lufax) was launched in 2012 and has arranged more than
200,000 peer-to-peer loans worth a total of $2.5 billion. It is currently one of the
largest peer-to-peer lenders in China, focusing on consumer debt of around $10,000. CDH Investments, Centennial Infant
Lufax collects fees of about 4% from borrowers and the loans typically yield about 6- and Child Centre Foundation,
8%. In contrast to most peer-to-peer lenders Lufax also operates about 100 stores BlackPine Private Equity Partners,
$1.7B
across 80 cities, where borrowers can arrange loans. It also doesn’t make automated China Minsheng Banking, Bank of
credit decisions but interviews first time borrowers over the phone. As of Dec 2015, it China Group Investment, Guotai
has registered user base of 18 million with 3.6 million active users. Its services cover Junan Securities
over 300 Chinese cities with cumulative transaction value of over RMB 1.6 trillion in
Personal Loans - P2P Marketplace 2015
Jiedaibao [Beijing, 2015]: Jiedaibao has started lending and borrowing between
acquaintances which is unidirectional and in anonymous mode i.e real-name
borrowers and lenders remain anonymous. It enables direct financial transactions and $693.9M
the use of natural relations between acquaintances along with a reputation
Personal Loans - P2P Marketplace mechanics to reduce and eliminate information asymmetry.


QED Investors, Volition Capital,
Prosper [San Francisco, 2005]: Prosper is a peer-to-peer lending marketplace. Passport Capital, Institutional Venture
Prosper allows people to invest in each other in a way that is financially and socially Partners, USAA, Neuberger Berman,
rewarding. Borrowers list loan requests between $2,000 and $35,000 and individual BBVA Ventures, BlackRock, Meritech,
lenders can invest as little as $25 in each loan listing they select. Prosper handles the J.P. Morgan, Crosslink Capital, Sequoia
$356M
servicing of the loan on behalf of the matched borrowers and investors. It also offers Capital, Phenomen Ventures, Breyer
personal loans for business purposes. It has disbursed more than $5B in loans as of Capital, dag ventures, Omidyar, DFJ,
February 2016. Its investors include investors include Sequoia Capital, BlackRock, Accel Partners, Francisco Partners,
Institutional Venture Partners, and Credit Suisse NEXT Fund. Benchmark, Credit Suisse, SunTrust,
Personal Loans - P2P Marketplace TomorrowVentures
Dianrong [Shanghai, 2012]: Dianrong.com (previously known as SinoLending) is a

ZJ Capital, Northern Light Venture
Shanghai-based P2P online lending platform. Dianrong provides credit ratings and risk
$219M Capital, Tiger Global, Standard
controls on every loan. In addition, the company also launched cooperation with
Chartered, Sun Hung Kai Properties
state-backed China Orient Asset Management Corp.
Personal Loans - P2P Marketplace
Lending Club [San Francisco, 2006]: LendingClub is a debt-based P2P funding portal
and community that connects borrowers with investors. It gives individuals the ability
to play the role of a traditional bank and make loans. Since inception more than $13 T. Rowe Price, Union Square Ventures,
billion in loans have been issued to borrowers. Acquired Springstone in April 2014 for Kleiner Perkins, Foundation Capital,
$140M. Named one of Forbes' America's Most Promising Companies three years in a Norwest Venture Partners, BlackRock,
$166.23M
row, awarded as a 2012 World Economic Forum Technology Pioneer, and chosen as Thomvest, Morgenthaler, Wellington,
one of The World's 10 Most Innovative Companies in Finance by Fast Company in Gold Hill Capital, Canaan, Silicon
2013. Raised $57M from DST Global at a valuation of $2.3 Billion. The company had Valley Bank, Sands Capital
net revenue of $86.94 million in the first half of 2014, up from $37.09 million in the
Personal Loans - P2P Marketplace year-ago period. Filed for an IPO in late 2014 to raise $500 Million.


Wacai [Hangzhou, 2008]: Wacai started as a personal finance book keeping service
and management app and then ventured into a lending marketplace that allows
investors to invest in P2P loans. Can link online banking, securities, Alipay account as
well as different types of assets and keep a track of their accounts. Borrowers are
CDH Investments, IDG Ventures, CBC
redirected to Quicken Loans for an automated loan application procedure. Borrowers $149M
Capital, Qiming, New Horizon Capital
can apply for a loan for less that 100,000 Renminbi for a term not exceeding 24
months. It also has fund trading features with several funds, insurance companies and
banks, enabling users to purchase monetary funds, stock funds and bond funds on the
Personal Loans - P2P Marketplace app.
Harmoney [Auckland, 2013]: Harmoney is New Zealand's first licensed P2P lending
platform. It allows people to borrow unsecured loans up to $35,000 for a tenure of 3
or 5 years with interest rates starting at 9.99%. It allows investors to lend from $500
in loans which suite their risk appetite. The loans are divided in notes of $25 and
P2P GLOBAL INVESTMENTS PLC,
investors can buy these notes in different loans to diversify their portfolio. Once a $136.1M
NZX.com, Trade Me
loan is fully funded, the Borrower gets the money and begins making monthly
principal and interest repayments. Harmoney's role is to collect these repayments and
distribute them back out to the Lenders. It has matched Borrowers and Lenders for
Personal Loans - P2P Marketplace loans totalling $220 million till date.
Jimubox [ , 2013]: Jimubox is a Beijing based P2P lending platform which provides
SME loans and individual consumption loans to under banked Chinese borrowers. Ventech China, Xiaomi, Shunwei,
Jimubox delivers safe and attractive investment opportunities to RMB investors Investec, Mandra Capital, Venture
through an innovative online marketplace which leverages transparency and $121M Tech, Magic Stone Alternative
technology to ensure investor safety. In Dec 2015, the company also launched Investments, Matrix Partners, Vertex
JimuStock, an online stock trading platform that provides US equities market access Management
Personal Loans - P2P Marketplace for Chinese investors


Juzilicai [Shenzhen, 2014]: Juzilicai is an online based consumer finance platform
aimed as an internet and investment banking platform for its investors. Juzilicai pools DST Global, Bertelsmann Asia
money from different investors and gives them a fixed interest rate return. The $100M Investment Fund, Xianfeng Huaxing,
pooled money is then offered as loans to the borrowers. The average amount of each Matrix Partners
Personal Loans - P2P Marketplace loan is only 3500 yuan and majorly used to buy consumer goods.
Auxmoney [Dusseldorf, 2007]: Auxmoney is an online lending platform facilitating Union Square Ventures, Foundation
P2P loans. It allows private consumers to borrow from private investors for personal $84.72M Capital, Partech Ventures, Aegon,
loans between €1k and €20k. sevenventures.com, Index Ventures
Tuandai [Guangdong, 2010]: Tuandai is a P2P lending platform that provides an
alternative source of credit to consumers. The platform offers several loan products
such as mortgages, auto loans, and more. The entire process is online, right from
application to disbursement of funds. Tuandai uses services of third party guarantee $80M JD Capital
agencies and third party escrow agencies. The platform has raised 8 Bn Yuan for
lending, over 600 Mn worth of income has been earned by users of the platform,
Personal Loans - P2P Marketplace from a total of 1.4 Mn loans granted.
Duanrong [Beijing, 2014]: Duanrong is an online platform for consumer P2P loans.
Most of the loans are for purchasing automobiles, although they have also introduced
Furen Pharmaceutical Group, Qifu
lending on mortgages, personal loans and small business loans. Claims to offer ~8% $69M
Capital
return on investments. Claims that its valuation is RMB 1B post-money after Series B
Personal Loans - P2P Marketplace funding.
Yindou [Beijing, 2013]: Yindou is an online P2P platform that allows investors to lend
money to businesses and individuals. Provides investors with true and reliable credit
information on the borrowers. The loans available on the platform include property DW Fund, China High Tech Group
$66M
loans, vehicle loans, SMB loans, corporate loans, etc. Each loan listing has details on Corporation
the background of borrower, interest rate, and the loan amount to be raised. Raised
Personal Loans - P2P Marketplace $50M in Series B funding from China High Tech Group Corp (CHTGC)

MoneyPlace [Melbourne, 2014]: MoneyPlace is an online P2P marketplace and will
provide consumer loans of between $5000 and $35,000 on three-year fixed terms.
Currently it has a credit license, enabling it to lend to borrowers, and is awaiting $60M Auswide Bank
financial services license, which will enable the company to receive money from
Personal Loans - P2P Marketplace investors.
Zopa [London, 2005]: Zopa is a P2P money lending service that allows lenders and
borrowers to deal directly with one another, cutting out the banks who act as
middlemen. Zopa takes on such responsibilities as distributing money between
parties, completing the legal paperwork, performing borrower identity/credit checks,
Wellington Partners, Benchmark,
and employing a collections agency that chases missed payments for the lender. Zopa
$58.3M Augmentum Capital, Arrowgrass,
also mitigates risk for lenders by enforcing monthly direct debit repayment, making
Balderton, Bessemer Venture Partners
borrowers sign a legal contract, and allowing lenders to lend small chunks of money
to individual borrowers. The company itself makes money by charging a fixed fee for
borrowers and 1% annual fee for lenders. Has so far made lending of more than $1B.
Personal Loans - P2P Marketplace Has more than 60k investors using their service.
China Rapid Finance [Shanghai, 2001]: China Rapid Finance is a lending platform
which sources its borrowers online, over mobile and via physical sources. With more
than 4,000 employees and 70 branch offices, the company has one of the largest
multi-channel offline and online lending platforms in China built upon proprietary
advanced Big Data analytics technology. It allows the borrowers to borrow up to
QED Investors, Northwater Capital,
$15,000 for personal loans and the data is accumulated and updated with subsequent $56M
Broadline Capital, DLB Capital
loans for improving the data analysis. Its average loan size is $6,500. It sources its data
from various sources to analyze a customer's credit-worthiness. The payment data is
provided by institutional and payment systems partners, social data through online
and mobile networks like Tencent and anti-fraud and collection data through offline
Personal Loans - P2P Marketplace channels.


PRÊT D'UNION [Issy-les-Moulineaux, 2009]: PRET d’UNION S.A. is an online lending
platform for P2P lending. The company allows individuals and organizations to act as
Schibsted Growth, Kima Ventures,
lenders and individuals as borrowers. It offers five classes of return-based loans
$52.4M Eurazeo, Crédit Mutuel, Schibsted,
having tenor between 2 to 5 years and returns between 4% and 10%. It is certified as
Crédit Mutuel Arkéa
a “credit institution and investment service provider” by the French Prudential
Personal Loans - P2P Marketplace Supervisory Authority.
Weijinsuo [Beijing, 2013]: Weinjinsuo is an online P2P platform that connects
investors who are willing to lend money with borrowers. It provides investors an
average annual yield of ~11.7% with up to 36 months of lock-up period. The money is
$46M hnacapital.com
then lent to individuals and small enterprises that need to borrow money. As of Dec
2015, the company has 700,000 registered users and has completed aggregate
Personal Loans - P2P Marketplace transaction value of RMB 4B. Raised $46M in Series A from HNA Group
Touna [Shenzhen, 2012]: Touna is a P2P lending platform which aims to address the
needs of the borrowers and investors who have idle funds. It aims to become a one-
stop financial ecosystem and asset management services platform. It provides $40.68M GF Securities
financing services to both consumers and SMEs. It claims to have raised Series B
Personal Loans - P2P Marketplace round of funding.
RateSetter [London, 2010]: RateSetter is a peer-to-peer (P2P) lending exchange,

allowing people to lend and borrow money directly with each other, setting their
own interest rates and terms. For borrowers there are no penalties for early Artemis, Woodford Investment
$38.65M
repayment of a loan. Savers can invest as little as £100 and borrowers can get loans of Management, Funding Circle
up to £25,000. RateSetter also provides commercial loans that start at a principal
Personal Loans - P2P Marketplace upward of £25,000.
Lendico [Berlin, 2013]: Lendico is an online lending marketplace facilitating P2P

lending. It provides lending for individual borrowers as well as SMEs and allows retail
Holtzbrinck Ventures, Rocket Internet,
investors to invest on the platform. The company operates in Austria, Brazil, $22.44M
Access Industries
Germany, Netherlands, Poland, South Africa and Spain and has respective interest
Personal Loans - P2P Marketplace rates and terms for the countries.


CircleBack Lending [Boca Raton, 2012]: CircleBack Lending is an online marketplace
for loans. Borrowers can apply for loans, while institutional and accredited investors
can purchase loans displayed on the portal. Circle Back Lending has recently tied up
with Jefferies for a $500 million consumer loan sale program. Jefferies aims to
leverage its expertise in the securitization market to structure securities backed by $22M
CircleBack-generated assets that can be rated by agencies like S&;P and Fitch, and
then be sold to a wide array of fixed income investors, including insurance companies.
The portal charges several types of fee to borrowers upon conditions of origination,
Personal Loans - P2P Marketplace late payment, failed payment, and others.
Baocaiwang [Beijing, ]: Baocaiwang is an online investment platform where investors

can select their desired P2P debt investment opportunity to invest in. Investment
$21M
opportunities offered are popular consumer credit products such as mortgages, auto
loan refinancing, and more.
Yeep Bank [Beijing, 2013]: Yeep Bank is a P2P lending platform for institutions,
corporations and individual investors providing financial asset trading and advisory
services. It claims that the investors/lenders can expect an annual yield of up to 8% - $20M Tianxinyang, Yeepay, Gtvc, KRC
13%, it does not charge any management fees, and had investor protection fund etc.
Personal Loans - P2P Marketplace It has raised $20M in Series B round of funding.
XYB100 [Beijing, 2013]: XYB100 is a personal credit risk assessment and P2P lending
platform. It evaluates a users credit risk rating with their FICO score and then provides Lang Ma Feng VC, Sino-US venture
$16.9M
users with a P2P lending marketplace platform. It claims to have raised $15.4M in capital, DT Capital Partners
Series A round of funding from DT Capital, SUVC and Lang Ma Feng VC.


Yirendai [Beijing, 2012]: Yirendai is a part of CreditEase which was launched in 2012
as a P2P lending / borrowing service platform. It covers various types of loans such as
small loans, credit loans, unsecured loans and other needs of borrowers and lenders
$10M Baidu
have financial needs to build a relaxed, convenient, secure, transparent interactive
platform network. Raised $75M in a U.S. initial public offering on NYSE in December
Personal Loans - P2P Marketplace 2015.
Yingying Licai [Hangzhou, 2013]: Yingying Licai has developed a mobile app which
offers Chinese users professional P2P lending services. It enables users to invest their
funds in loans to businesses and individuals. By the end of June 2014, the company $10M Ceyuan Ventures, GGV Capital
claims to have one million registered users, with transactions amount reaching
Personal Loans - P2P Marketplace RMB300 million (US$48.71 million)
P2P Eye [Beijing, 2012]: P2PEye is a P2P network lending platform which provides
P2P lending service. It has also created an lending based investment platform to DW Fund, Legend Capital, Shanda
$10M
mitigate risks among investors. It claims to have exceeded 15 million as registered Group
users. Claims to be funded by Legend Capital.
91Wutong [Shanghai, 2014]: 91wutong is an online finance platform with P2P lending
as its main service. Founded in 2014, it is based in Shanghai, China. It also provides
$10M Jiuding Group, sttventure.com
insurance cover to its investors. It secured a series A funding of $10M with STT
ventures as the lead investor.


Afluenta [Buenos Aires, 2008]: Afluenta is the first P2P lending network in Latin
America. It allows people to borrow up to $75,000 for a loan tenure spanning a
maximum of 48 months. The company allows the borrowers to keep their lending
request open for 10 days or till they achieve 100% funding, whichever is earlier. The
interest rates on the loans depend on the credit rating assigned to the borrower by
the company from A,B,C,D,E and it charges an origination fee between 2.5%-6% of the
total loan amount. For investors it has three investment categories: Investor 1.0 $8M NxtpLabs, IFC, Elevar Equity
(investment amount is less than $5,000 and fund up to 4% of the total loan amount),
Investor Plus (investment amount of up to $100,000 and fund up to 20% of total loan
amount) and Institutional investors (investment amount is more than $100,000 and
can fund up to 100% of total loan amount). The rate of returns vary between 32% and
48% depending upon the investment horizon. Afluenta also hosts a marketplace for
Personal Loans - P2P Marketplace trading of loan notes between investors.
NewUnion [Guangzhou, 2013]: NewUnion is a P2P lending platform using which

investors can invest across various financial products. Investors can lend to car loans,
$7.6M Kingsland
collateral-backed loans, accounts receivable financing, etc., with different duration
and interest rates. Raised Series A funding from Singapore-based Kingsland Group.
Bondora [Tallinn, 2008]: Bondora is a P2P lending platform for unsecured personal
loans. The platform claims to have 9000+ investors from 37 countries and 100,000 $6.88M Global Founders
borrowers in 3 countries.


faircent [Gurgaon, 2013]: Faircent offers a P2P lending platform that serves as a
marketplace for borrowers and lenders to interact directly. Users who register on the
platform to become a lender/borrower undergo a detailed verification process post
which borrowers can post their requirements for loans along with details of reason
for the money, loan period and target interest rate. Lenders can individually make
offers to borrowers, which the borrower can accept or refuse. Offers are defined in
terms of amount to be lent and the applicable interest rate. Both lenders and
JM Financial, Fusion Microfinance,
borrowers can interact and make transactions with multiple people. The company $6.75M
Aarin Capital, M&S Capital Partners
does not take payment cut from EMI and only charges upfront fee once a deal is
finalized for the facilitating process. Raised capital round led by couple of investors
from the micro finance industry in Jan 2015. Will be soon launching a mobile app
along with an investor education initiative. Raised Pre-Series A funding from M &; S
Partners in June, 2015 which valued the company at $8M. It has signed up a deal with
TransUnion for real time credit appraisal. Launched its mobile application on 3rd Feb
Personal Loans - P2P Marketplace '16.
isePankur [Tallinn, 2008]: isePankur is a P2P lending service in Scandinavia and the
Baltics, providing a platform for borrowers and investors in a way that lets the former
get easy access to affordable credit and the latter to earn a higher return on their
capital. The platform provides bank-like security and a simple application process. The
$6.6M
company has over 18,000 clients from 28 different countries across Europe. isePankur
has been acknowledged as the “Best Estonian E-service of 2011”, quarter-finalist at
the World Summit Awards of 2011 and named as a top 5 P2P lending company in
Personal Loans - P2P Marketplace Europe by the Forbes magazine.
658 Financial Network [Hangzhou, 2013]: 658 Financial Network is an online

platform which provides P2P lending platform for consumers. It provides loans for
various purposes such as for purchasing cars, mortgage etc. It also provides loan $6.1M
counseling, match making process, risk control and other services. It has raised $6.1M
Personal Loans - P2P Marketplace in Series A round of funding.


TZG [Hangzhou, 2014]: TZG is a consumer focused financial services platform. Some
of the main business focus areas include cross-border purchase finance providers,
$5.4M
finance against lease agreements, supply chain financing etc. It has raised Series A
round of funding.
Lending Works [London, 2012]: Lending Works is an online lending platform

facilitating P2P personal loans. On Lending Works, borrowers can raise an amount up
$5.3M
to GBP 25,000 for a term no longer than 5 years. The money received from lenders is
diversified and used to fund the loans of several borrowers, thereby mitigating risk.
BLender [Ramat Gan, 2014]: Blender is a multinational online P2P lending platform in
Israel. It differentiates itself from its peers by using proprietary technology for
portfolio management, risk assessment and automated investment. These technology
products are: 1. Rating 2.0: Performs automated borrower risk assessment checks
based on big data, financial, statistical, and social parameters; 2. Direct Match: A
portfolio builder, which spreads the lender’s money over a large diversity of loans and $5M Blumberg Capital
creates a unique loan portfolio for each of the lenders based on real-time market
conditions.; 3. Safeguard Fund: An accrued fund that is used in case of borrower
default.; 4. Premium Track: An auto-investment solution that assists long-term
investors. BLender is currently active in Israel and is planning to expand in other
Personal Loans - P2P Marketplace markets.
Comunitae [Madrid, 2008]: Comunitae is a Spanish P2P lending platform. Investors

can participate in the financing of working capital for businesses and consumer
$5M
operations with individuals. Individuals can participate in each of these operations
with contributions from a minimum of €50 and a maximum of €5,000.


Smartika [Milan, 2013]: Smartika is an online P2P lending platform connecting
borrowers and retail investors. It allows members to borrow between € 1,000 and €
15,000 for a loan tenure between 1-4 years. The lenders can start investing from a
minimum of € 100 up to a maximum of € 50,000. To reduce the risk, an investor's $4.94M Hamilton Ventures, London
money is distributed on average between 50 different applicants with minimum
tranches of € 10. The loans are divided into different classes, such as A +, A, B, C and
Personal Loans - P2P Marketplace K, based on their risk profiling.
Kubo Financiero [Mexico, 2012]: Kubo.financiero is a regulated micro finance
institution that provides loans to borrowers in Mexico. Its loan offerings range
between $400 to $4,100 for various reasons like working capital, fixed assets,
education fees and supplies, and pre-payment for other loans that have higher
$4.1M Alta Ventures, Wayra
interest rates. It charges the borrowers interest rates between 22% and 50%,
depending on the borrower’s risk profile. Interest is charged on declining principal,
with no collateral required, and the organization charges a small 3% to 5% service fee
Personal Loans - P2P Marketplace to cover administration costs of small loans in remote areas.
Lendable UK [London, 2014]: Lendable is an online lending platform. Borrowers

request a quote from the platform and if they accept the quote, the amount is
$3.92M
deposited in their bank account within 2 hours (as they claim). Only institutional and
sophisticated investors can invest on the platform.
Lendify Sweden [Stockholm, 2014]: Lendify is Sweden based marketplace for loans
between private individuals. It operates a marketplace online credit platform that
$3.8M
enables its borrowers to borrow money and its lenders to lend money directly to the
borrower – without the involvement of banks or credit card companies.


Prestiamoci [Ivrea, 2007]: Prestiamoci is an Italy-based P2P lending platform which

Banca Sella Holding, Club Italia
allows individuals to make investments and to obtain loans. Loans are given people to
$3.5M Investimenti S.p.a., Digital Magics,
trustworthy people who want to achieve their life projects, grow their professional
Innogest
activity, better manage expenses and major purchases.
Squirrel Money [Auckland, 2014]: Squirrel Money is a subsidiary company of Squirrel
Mortgages. Squirrel Money is a P2P marketplace which offers secured and unsecured
personal loans of between $3,000 and $70,000. Interest rates for Squirrel borrowers
are determined by an auction bidding process. All borrowers are credit checked and $3.42M
assigned a credit score. Investors can lend within a range of $500-$2M. PLatform
charges an up front establishment fee of $250 flat rate for unsecured and $500 for
Personal Loans - P2P Marketplace secured loans.
Peerform [New York City, 2010]: Peerform is an online P2P lending platform that
connects people who want to borrow money with investors. Peerform provides 3-
year terms personal loans ranging from $1,000 to $25,000 online. Borrowers create
listings for a fixed-rate personal loan and are then funded by investors who chose
$2.9M Wescott Capital
their target return and build their portfolios. Peerform offers investors a new asset
class with which they can diversify and optimize their portfolio. Gregg M. Schoenberg,
the founder of Wescott Capital, an early stage investor in Fintech companies, leading
Personal Loans - P2P Marketplace the company’s board of directors as as Executive Chairman.
Kapor Capital, CrunchFund, Flock

LendStreet [Sunnyvale, 2010]: LendStreet is an online platform that allows people to
Specialty Finance, Accion, Serious
refinance their existing debts at potentially cheaper rates than the existing rates. It $2.5M
Change, Crosslink Capital, JPMorgan
currently only allows accredited investors to invest on its platform by invitation.
Chase


Vdolg [Moscow, 2011]: Vdolg is a Russia-based P2P lending platform that directly
$2M Runa Capital
connects borrowers with lenders. The loans are available for up to 500,000 rubles.

Huaguo [Beijing, 2013]: Huaguo is an online P2P lending website. Founded in 2013, it
is based in Beijing, China. Huaguo provides a platform which connects individual and
small business borrowers with small-scale lenders. The projects this platform deals in
include secured loans, finance lease, small micro loans and supply chain. It has $1.67M Blue Economy Zone Industry Fund
received A series funding from two government-backed investment funds. Till now it
has helped finance 90 companies to complete outstanding loan financing of nearly
Personal Loans - P2P Marketplace 600 million yuan and given an average yield of 13.86% to the investors.
Fingooroo [Moskovskiy, 2013]: Fingooroo allows borrowers and lenders to lend and
borrow online. Citizen of any country, microfinance institution or a bank can be the
lender at the service. Fingooroo accompanies the entire transaction process from the
initial verification of the borrower to collection services. Requirements for borrowers
$1.5M Maxfield Capital
are very strict and validation is based on its own scoring model. Monetization of
Fingooroo is the commission for the issuance of the loan and additional services. It
was admitted as the best start up project of 2014 in fin tech area at FinNext forum
Personal Loans - P2P Marketplace www.finnext.ru.
Pengyoufan [Beijing, 2014]: Pengyoufan is focused on finance lending between

friends on the platform anonymous. There are various factors that the application
uses to identify the level of trust and credit line of a friend, to define a different levels $1.5M
of user through the platform. Thereby the friend can spare some money to lend to
Personal Loans - P2P Marketplace the platform.


Prestadero [Mexico City, 2011]: Prestadero is an online lending platform for

facilitating P2P loans in Mexico. On the platform, members can invest upwards of 250
$1.1M
pesos in one loan and diversify their loan portfolio across various offerings. The
interest rates vary on the loans from 8.9% to 28.9% annually.
Ledge [Santa Monica, 2013]: Ledge is a mobile P2P lending platform that empowers
individuals to crowdfund personal loans for creative projects and large expenses from
their extended social network. It allows borrowers to borrow up to $5000 on his own
terms and automate repayments to lenders through Venmo over up to 24
months.Borrowing through Ledge involves creating a campaign, setting the terms, and
$900k
sharing it with friends through the apps used everyday. Friends can pledge money to
campaign without downloading the app, and they are only charged when the
campaign goal is reached. Pledges are automatically transferred to Venmo account of
borrower once he goal is reached. Ledge keeps track of the loan balance and
Personal Loans - P2P Marketplace repayment is automatic.
FriendsClear [Paris, 2007]: FriendsClear is peer-to-peer lending French platform.

FriendsClear connects via the Internet, those in need of financing with individuals $637K
willing to invest their money differently.
ZankSpain [Valencia, 2013]: Zank provides an online P2P lending platform allowing
people to borrow between €1,000 and €10,000 and a loan tenure of 6-48 months.
Zank verifies the data published by the borrower on the platform and classifies it in
risk categories (A,B,C,D) based on income, loan repayment history and demographics.
$503k Plug & Play Ventures
Borrowers can withdraw the loan amount once their account has been funded at least
80% of the required loan amount. Investors can either lend manually on the platform
or enter their preferences for automated lending on their behalf based on their risk
Personal Loans - P2P Marketplace appetite. Investors can lend between €50 and €1,000 on the platform.


Monexo [Hong Kong, 2014]: Monexo is an online marketplace which allows
borrowers to borrow money in lieu of future rental income of their property. It allows
the loans between HK$50,000 and HK$1M or up to 48x of monthly rental for a loan
tenure ranging between 6-48 months. It considers private residential, private office,
private commercial and private industrial properties for loans. It charges a one time
application fee and a percentage of the loan amount as fee from borrowers. Investors $500K Cyberport
on the platform can lend from HK$1,000 in different loans and diversify their
portfolio. Lenders need to have a minimum of HK$100,000 in their account to start
investing. It provides a conditional insurance coverage of up to HK$600,000 to
investor and up to legal costs of proceedings to the borrower. It charges a one-time
Personal Loans - P2P Marketplace application fee and a percentage of monthly repayments as fee from lenders.
Ijiaozi [Beijing, 2015]: Ijiaozi is an online P2P lending platform for consumer loans
such as rent and debt consolidation and other personal purposes. Some of the
$462K
features of the platform are escrow services, interest rates of 14-16% and investment
diversification across loans. It raised seed round of funding in October 2015.
eMoneyUnion [Cheshire, 2013]: eMoneyUnion is a peer to peer lending platform for
those seeking affordable loans &; savers/investors seeking better rates. They provide
individuals with spare savings, the opportunity to become personal lenders to
$0.45M
screened and profiled borrowers. If the borrower has a very low credit score, they will
need to obtain the backing of a high credit score personal guarantor, to boost their
Personal Loans - P2P Marketplace chance of obtaining a loan on the platform. Loans available from £2,000 to £500,000.


Yattos [San Francisco, 2012]: Yattos is an online social networking based P2P lender.
It lets users organize social funding circles using Facebook account and enables them
to invite trusted friends, family and peers to this circle. Every member of the group
contributes a fixed monthly amount to the app and the contributions are given to the
members based on their order of joining the circle. A member can also set the month
they need the funds in and the contribution will be transferred to their account in the $400k
required month. It also allows people to create their loan request and invite friends
and family to join the circle and make the contributions to the same. The loan can
then be repaid in pre-determined months without any interest charges. Using Yattos,
people can also raise funds, for a particular cause they support, from their family and
Personal Loans - P2P Marketplace friends by inviting them to the circle.
i2i Funding [Noida, 2014]: i2i Funding is an online market place where an investor can
fund a loan project listed by a borrower at an interest rate decided by the borrower.
Uses a propitiatory credit score model for recommending credit score. The required
amount can be collected from a single or multiple investors. Claims that users can
$300K
borrow for rates starting from 12% and investors can earn upto 30% i2i conducts
physical verification of the borrower along with matching the uploaded documents
with hard copy / ID proof. Raised angel round of US$300K from a group of investors in
Personal Loans - P2P Marketplace May 2016.
Brasilempresta [London, 2014]: BrasilEmpresta is a cross border online lending

platform that enables foreign investors to make loans to Brazilians. Lender are either
$0.25M
‘friends or family’ of Brazilian borrowers or institutional investors. The maximum loan
tenure is 16 months.


iLend [Hyderabad, 2015]: i-lend.in is an online marketplace that brings together
creditworthy borrowers and individual lenders for a personal loan transaction without
the intervention of traditional financial institutions like banks. Borrowers can apply for
small loans between Rs.25k - Rs.1L for 6 Months or 12 month period. The interest
rates vary between 18% - 24% Borrowers can register with i-lend and put up their
loan requirement on the site. Each borrower will have a page where they will provide
information such as purpose of loan, why lenders should lend to them, financial $117k Angaros
status, education qualification, employers, hobbies, interests etc. that help lenders
know more about borrowers followed by a stringent verification process of their
details. i-lend also minimizes the lender risk by allowing a lender to lend only a part of
a borrower’s loan requirement and involve multiple lenders. Borrowers are charged a
one time, non-refundable fee of Rs. 500. Also charges 3% of the disbursed loan
Personal Loans - P2P Marketplace amount as processing fee.
KyePot [Singapore, 2015]: Kyepot provides social financial service for people to save,
borrow and lend in trusted digital groups and achieve their financial goals. The
$17.9K Startupbootcamp
borrowing is at a reduced cost of capital. Founded in 2015, the platform is in stealth
mode as in May 2015.
Nexx [Auckland, 2007]: Nexx is a P2P lending marketplace that allows borrowers to
list their financial projects online and lenders to pledge funds at an interest rate $15k Icehouse New Zealand
acceptable to them. As on Jan 2016, there website is not operational.
LoanVi [Ho Chi Minh City, 2014]: LoanVi is a peer-to-peer lending online marketplace
for unsecured personal loans in Vietnam. Its mission to bridge the gap between
unbanked/underbanked individuals and investors by creating accessible channel for
$10K
individuals to acquire loan financing and for investors to earn fixed-income returns.
It was incubated at SparkLabs Accelerator (Korea), and part of the 13th generation
Personal Loans - P2P Marketplace under Startup Chile by Chile Govt.

LendFriend [San Francisco, 2010]: LendFriend is a US based social lending company. It
has 3 products in its portfolio: 1. Online P2P lending platform: for borrowing loans
from friends and family.; 2. Multiple underwriting models: by utilizing proprietary
AngelPad
data from traditional lenders. Identified customers are then targeted for larger loans
with lower interest rates.; 3. Online platform: for matching high-risk borrowers with
Personal Loans - P2P Marketplace an aggregated network of online lenders.
Kaxiaoer [Shanghai, 2012]: Kaxiaoer is a mobile based tool which acts as a credit card
assistant to the users. The mobile app keeps the track of mobile payments, support
mobile payments etc. It claims to be getting into P2P lending and provides loans in BlueRun Ventures
the range of 1 to 5,000 yuan and time from loan application to getting a loan takes no
Personal Loans - P2P Marketplace more than 15 minutes.
KakaLove [Beijing, 2015]: KakaLove is an online and mobile platform to close group
and acquaintance based P2P lending platform. The social finance platform provides
Ceyuan Ventures, DW Fund
for lending between college alumni, groups and acquaintances. It has raised seed
round of funding.
Cowin Club [Shenzhen, 2013]: Cowin Club is an online P2P and P2B lending platform.
It provides 100% guarantee on principal and interest and offers loans for a definitive fgnfs.com
term period. It has raised Series A round of funding in April 2015.
Jiedianr [Chengdu, 2015]: Jiedianr in an online platform wherein the borrower sets
their own loan amount, loan term, loans rules and further enables them to take this
to their friends to borrow some money. The platform performs borrower's social Iheima, Fenghou Capital
conduct and independent assessment of the credit and then passes this to the
Personal Loans - P2P Marketplace borrowers' friends anonymously.


PearFunds [Miami, ]: An experienced team with a proven platform addressing the
needs of the crowdfunding marketplace in South America. PearFunds offers hybrid
loans which allow borrowers to raise a small portion of the loan and/or down Incubate Miami
payment from their friends and family networks in order to trigger additional funds
Personal Loans - P2P Marketplace from lending institutions.
SuRong360 [Shanghai, 2013]: SuRong 360 is positioned towards college students to

borrow from the platform. The platform operates through the "credit + social" model
to provide student credit based loans. The platform maps the user's network behavior iStart
data and establishes credit index, to ensure that borrowers and lenders both sides
Personal Loans - P2P Marketplace interest. Claims to have covered two thousand universities.
Lancai [Beijing, 2014]: Lancai provides intelligent asset allocation financial services for
users of the platform. They use the big data matching technology for majority of
Legend Capital
financial users for robust and efficient investments by the lenders to automate the
investment settings.
eLoan [Tel Aviv, 2012]: eLoan is a P2P lending platform. It offers short-term (less that
one year tenure) and long term loans (tenure between one year and five years) for
amount up to 10,000 and 47,500 Israeli shekel respectively. Once applied, the loans
are classified according to different risk classes between A1 and E5 with interest rates
Meitav Dash
ranging from 2.8% to 9.95%. The lenders can invest either by investing in a portfolio
of loans, filtered by interest rates/risk class, or by selecting individual loans and then
transferring the money in an escrow amount which is then transferred to the
Personal Loans - P2P Marketplace borrower.


Huirendai [Beijing, 2012]: Huiredai is an online P2P lending platform in China which
Netease, Kaixing Capital, GoldStone
facilitates consumer loans. The company raised Series A funding in June 2015 from
Investment
Netease capital, Gold Stone, Kai Hing Capital.
8258 [Guangzhou, 2014]: 8258 is an online P2P lending platform which focuses on
both commercial and personal borrowers. A lender has an option to lend to
Swiss finance fund
customers who have accounts receivable, mortgages and other real estate based
financing, and vehicle mortgage financing. It has raised Series A round of funding.
Uvdai [Beijing, 2013]: Uvdai provides P2P lending service using an online platform.
The platform enables investors to provide asset backed loans and purchase finance
for borrowers. It claims to conduct a comprehensive, in-depth site visits and detailed Taihe investment
background checks for borrowers. It has raised Series A round of funding from Taihe
Personal Loans - P2P Marketplace Fund.
Puddle [San Francisco, 2012]: Puddle is an online community based lending platform.
A first-time user contributes $10 to Puddle and is eligible to borrow up to $50. The
user is required to pay the loan in 6 months with payment frequency of twice a
month. People grow their "trust network" in Puddle which allows them to Venture 51, Google Ventures
borrow/contribute to more people in Puddle. To use Puddle a person must have a US
bank account and debit card and is eligible to borrow a maximum of 5 times their
Personal Loans - P2P Marketplace contribution.
LendenClub [Mumbai, 2014]: Lendenclub is an online marketplace which allows
borrowers to get loans from individual lenders. Lenders can view the credit rating of
the borrowers and decide about lending money to them. Also offers a lender
Venture Catalysts
protection fund for lenders. Claims to have 725 lenders and 1,120 borrowers and a
borrowing average of Rs 95K. Commission ranges from 1-3% and users can select
Personal Loans - P2P Marketplace interest ranging from 12.5% to 30%. Raised seed funding through venture catalysts.

Lendrise [Palo Alto, 2014]: Lendrise is a cross border P2P lending platform that allows
American investors to commit funding to E.U. consumer loans. It allows retail
investors, banks and institutional investors to lend money to the borrowers on its
platform. Lendrise release an app called ScoreWise which educates users in Romania
about credit score and how to maintain it for better lending probability. As of July
Personal Loans - P2P Marketplace 2015, the company is still in development mode.
Kuvaa [London, 2014]: Kuvaa is a P2P lending platform. It provides companies, banks
and institutions of all sizes a compliant solution to rapidly deploy a secure way for the
investors and the borrowers to transact online. As of October, 2015 the platform is
still in development phase.
AirZolo [San Francisco, 2014]: Airzolo provides an online marketplace that provides
P2P lending for travel financing. It allows the user to upload their details on the
platform to get an interest rate for the loan. Once the user accepts the terms, the
platform matches the user with investors who would like to commit to the loan
account. Once the loan account is fully committed the listing is closed and the amount
Personal Loans - P2P Marketplace is transferred to the user's account in 24-48 hours.


Zhao Cai Bao [ , 2014]: Zhao Cai Bao, started by Alibaba, is a platform that lets small
businesses and individuals borrow from investors directly. It is as an open platform for
investment and financial products and services. Zhao Cai Bao is open to third-party
financial institutions and provides convenient and safe internet finance services for
individuals and SMEs. Products offered on the platform include loans for small and
medium enterprises, individuals, universal insurance and structured funds. The
platform allows a borrower to tap a maximum of 200 investors after a financial
institution has guaranteed the loan. Zhao Cai Bao has listed about 11,000 products.
The annualized return on a loan for a period of six to 12 months is at least 5.5
percent, according to the company’s website. The average loan size is roughly 70,000
yuan. The online platform is working with more than 40 financial institutions to help
guarantee the credit, including Ping An Bank Co. and Zhongan Online Property and
Casualty Insurance Co. It is the first and only site on which private bonds can be
Personal Loans - P2P Marketplace offered in China to retail investors, according to research firm Yingcan Group.
Money Auction [ , ]: Moneyauction is a Korean p2p lending platform. Moneyauction

partnered with telecommunication carrier Korea Telecom and offers a mobile service
allowing borrowers to apply for and lenders to bid on loans via their cell phone.
yiba.co [Johannesburg, 2013]: Yiba is a P2P lending marketplace in South Africa which
connects borrowers directly with the investors.


RJS Investment [Shenzhen, 2014]: RJS Investment is a P2P lending platform which is
focused towards the financial needs of small and micro enterprises. It also provides
them credit counseling service. It aims to help the business run their internal systems
seamlessly. It provides various types of term loans to the SMEs.
World of lending [Delhi, 2010]: Worldoflending is an online peer-to-peer lending

platform offering personal loans and small business loans. Offers personal loans upto
5 lakhs and business loans upto 25 lakhs.
Worldoflending [Delhi, 2010]: Worldoflending is an online peer-to-peer lending
platform for personal and commercial loans. Curates the borrower list based on
investors requirements (tenure, interest rate, etc). Offers loans to people who have a
minimum income of Rs 8 lacs per annum. Terms of loan are totally decided by the
lenders &; borrowers directly. Charges Rs 1500 as one time registration fees, and a
fees of 1% of loan amount from lenders. Has 500+ borrower and 800+ investor
Personal Loans - P2P Marketplace profiles on its platform.
SimpliLend [Delhi, 2016]: SimpliLend is a P2P lending startup. Claims to be angel

funded. Team from top MBA schools, IIT, RBI and SBI. As of March'16, the company is
in stealth mode.
LoanMeet [Bangalore, 2015]: Web platform for P2P lending for both personal and
business loans. Benefits to lenders include loan documentation, payment schedule
with reminders. Founded by an IIT Bombay graduate. Has 2000+ borrowers and 400+
lenders on its platform.

LendingSquare Marketplace [Accra, 2013]: LendingSquare is a P2P lending platform

that connects creditworthy borrows who want low cost loans with lenders who want
good returns.
Finbee.com [Vilnius, 2015]: FinBee is a a peer-to-peer (P2P) lending and investment
platform that connects those who want to borrow with those who are looking for
diverse investment opportunities. Individuals who want to borrow money submit an
application where they indicate desirable amount of money and credit term. FinBee
team verifies credit rating of every individual applying for a loan. The interest rates
are set by lenders who compete for lowest rate on the reverse auction model. Finbee
itself invests 10% into each loan. After the application is fully funded, borrowers repay
the loan on an annuity monthly basis. Lenders can withdraw the money or to reinvest
Personal Loans - P2P Marketplace in new applications.
Crowdpartners [Almere, 2014]: Crowdpartners is a Netherlands-based P2P lending

marketplace for businesses as well as individuals. All the projects are pre-vetted
before they appear on the platform. It also takes care of the loan servicing.
Koinworks [Jakarta, 2015]: Koinworks is an Indonesia-based P2P lending platform for

business loans which connects borrowers directly with lenders. Loans are available up
to 250M Rupiahs with loan length starting from 6 months to 24 months. It charges an
origination fee of 3% from the borrowers.


Choi Bai Tong [Quanzhou, 2013]: Choi Bai Tong Technology P2P lending platform
which operates in O2O format. Individual borrower can post loan requests posted on
the online platform after which the user credit assessment is done. After which the
credit is awarded by the loan lenders.
Julend [Shanghai, 2014]: Julend is an online based P2P lending platform aiming to
help small and micro businesses and individuals solve their cash flow needs, to
provide investors with a convenient channel via investment and income. It claims to
have raised about hundred million dollars in funding.
Buoy [Cambridge, 2014]: Buoy is a P2P lending platform that allows businesses,
projects, and individuals to borrow money from lenders. The interest rates vary
according to a borrower's profile and a lender's risk appetite. The credit scoring is
customized and not as per the conventional credit rating agencies. Buoy Loans also
gives its users an option of taking small loans and improve the credit score to be
eligible for larger ticket loans or improved borrowing cost. Users can create
customized loans by setting their loans amount, interest rates and loan tenure or
chose a pre-approved loan from the marketplace for quick funding. It lets retail
investors invest on its platform and diversify their portfolio according to risk and
return appetite. As of July, 2015, Buoy is still registering pre-launch members on its
Personal Loans - P2P Marketplace web portal.
cashare [ , ]: Cashare is a Switzerland-based P2P lending platform catering to personal

as well as SME laons. The minimum interest rate on the platform is 3.9% and claims
an average return of 9.1% for lenders.


AnRun Finance [Beijing, 2014]: Anrunjinrong helps investors to bypass the traditional
financial system, especially commercial banks, to invest funds directly to the demand
side. Claims to provide complete financial services for small and micro enterprises,
wage earners, agricultural customers etc. It also proclaims to the investor that they
Personal Loans - P2P Marketplace shall earn 12% -14% higher earnings and guarantees 100% return of principal.
HonkIB [Shenzhen, 2014]: HonkIB is a P2P lending platform. It is committed to

provide investors with the security and stability of investment returns. It claims to
provide all-round protection of the principal and interest to the investors.
Furongba [Nanjing, 2013]: Fu Rong Bao is an investment and financing platform

which aims to build a bridge for investors, small and micro enterprises and numerous
partner agencies and provide the provision of financial asset transactions via internet.
Claims to be funded by Softbank China and Zhejiang Fund (Beijing).
88 Dai [Chongqing, 2014]: 88 Dai is an internet based P2P lending platform. It aims to
help the lender give value-added requirement by providing safe, steady income,
operating convenient financial management system. Thereby which the lender can
lend money to people having good credit, strong repayment ability, professional
business or personal guarantee, and can expect an average annual yield of 15%
Personal Loans - P2P Marketplace returns.
Zonky [Republic, 2015]: Zonky is a P2P lending marketplace based in Czech Republic.
Interest rate on the platform varies from 3.99% to 19.99%. and people can borrow
within a range of 20 000 to 300 000 CZK.


Klear [ , 2015]: Klear is a peer to peer lending platform connecting borrowers with
lenders. It also offers financial education tools and debt advice. As of May 2016, it is in
stealth mode.
PirDaPir [Tbilisi, 2014]: PirDaPir is a Georgia-based P2P lending platform which

connects borrowers directly with lenders. It charges a commission fee of 5% on the
loan that is fully funded and disbursed. It also charges a service fee of 1% per month
on the payments received by the investors. As of April 2016, 202 loans have been
Personal Loans - P2P Marketplace funded through the platform.
Investree [Jakarta, 2015]: Investree is an Indonesia-based P2P lending platform which

connects borrowers directly with the lenders. The borrowers apply on the platform
and post approval the loan application is displayed o.n a marketplace. The lenders can
choose from among these listings based on their criterion. The loans are available for
Personal Loans - P2P Marketplace a tenure of 1-6 months.
Yotepresto [Zapopan, 2014]: Yotepresto is a Mexico-based P2P lending platform.

Only people who have good credit history can avail a loan on the platform. Loans are
available within a range of $ 10,000 to $ 300,000 pesos. Interest rates range from
5.90% to 25.90% per annum.
finGOOD [Zlin, 2014]: finGOOD is a P2P lending platform that connects borrowers
directly with lenders. The borrowers lists an auction on the platform. The investors
choose from among these and send across an offer. If the offer is accepted by the
borrower, the platform takes care of the legal documentation. The loans are available
within a range of 25k CZK to 5000k CZK for a tenure of 1-10 years. Mortgage loans
Personal Loans - P2P Marketplace can also be availed on the platform.


Uppspretta [Reykjavik, 2009]: Uppspretta is an Iceland-based P2P lending platform

for microloans. As of April 2016, the website of the company is not operational.
Dopza club [Seoul, 2015]: Dopza club is South Korea-based P2P lending platform
connects borrowers directly with lenders. The platform deals only in unsecured loans.
The loans are available within a range of South Korean Won 200K to South Korean
Won 30M for a tenure of 1-3 years. As of February 2016, it has disbursed $99k in
Personal Loans - P2P Marketplace loans.
BancaClub [Buenos Aires, 2014]: BancaClub is a P2P lending platform for unsecured
personal loans. The borrowers choose a loan amount, purpose and post a loan listing.
The investors review these listings and invest in those that meet their criteria. The
loans categories include debt consolidation loans, home improvement loans, personal
loans for business use, auto &; vehicle loans, short term &; bridge loans, and green
Personal Loans - P2P Marketplace loans.
Paygo [Kuala Lumpur, ]: Paygo is a Malaysia-based P2P lending platform for

consumer loans. As of April 2016, its website is not operational.


CrossLend [Berlin, 2014]: Crosslend is a P2P lending platform that allows borrowers
to apply for loans from 1,500 to 30,000 Euro for loan terms from 6 to 60 months. It
will grade loans in risk classes A to G, HR. Interest rates (APRs range from about 3.5%
to about 17%) and borrower fees are dependent on the assigned risk classes.
CrossLend’s cross-border marketplace lending platform provides opportunity to invest
in consumer loans from different European countries via the purchase of Borrower
Payment Contingent Notes (‘Notes’) in euros. Investors can open an investment
account (min 250 euros) with their partner bank, biw AG, which emits the loans and
handles the credit processes. When a loan is granted, it is purchased and acquired by
CrossLend Securities and securitized by issuing a series of notes. Notes are debt
securities which can be purchased by investors. Each note has a denomination of 25
euros. The total nominal value of a series of notes is equivalent to the amount of the
loan. When a borrower makes their loan repayments, CrossLend Securities SA makes
the corresponding payments of interest and principal pro-rata to the holders of the
notes. If a borrower neglects to make their loan installment payments, CrossLend
Securities SA owes the holders of the notes no payments. Crosslend charges investors
Personal Loans - P2P Marketplace a 1% fee at origination.
Tarya [ , 2014]: Tarya is a Israel-based P2P lending platform for consumer loans. The
platform also has secondary market operations i.e. it enables investors to sell active,
healthy loans to other investors. The interest rates for borrowers on Tarya range from
3.5%-8.0% depending on the borrower's credit rank. Lenders pay a fee of 1.0% on
Personal Loans - P2P Marketplace returns.
Paipai [Guangzhou, 2015]: Paipai is an online lending platform focused on college

students in Guangzhou City. It aims to provide various services for college students.
Students can avail a loan from 1000 Yuan to 5000 Yuan until a maximum of 12
months. The students are charged an interest rate of 5% per month.


Haoyouqian [Beijing, 2015]: Haoyouqian is based on social relationships and
acquaintances and provides a social financial application for anonymous borrowing. It
also enables lenders to earn a reasonable income. It connects everyone by proximity,
friends, alumni and more to offer better efficiency for both the borrower and lender.
They have also built smart credit rating system along with riskmanagement protocol
based on social media and big data. It claims to have raised US$10 million from
Personal Loans - P2P Marketplace investors including Tim Draper, Ceyuan and Mandra Capital.
Hongling Capital [Shenzhen, 2009]: Hongling Capital claims to be the oldest P2P
lending platforms in China, founded in 2009. They also offer a guaranteed return to
investors. It offers its services to small business owners and individuals based on their
financing needs and performs rigorous risk control review. Total transactions on the
Personal Loans - P2P Marketplace P2P site were 14.7 billion yuan in 2014.
Souyidai [Beijing, 2014]: Souyidai is a P2P lending based platform which provides
personal loans and credit for SMEs . It also provides users an option to lend in real
estate. It has various loan products such as for down payment, housing loans, and also
for commercial real estate operators rent treasure. It also provides a level of risk
Personal Loans - P2P Marketplace control and other features to users.
Niwodai [Shanghai, 2011]: Niwodai is Haijia Bank Financial Services Ltd's P2P network
lending platform. It aims to help the financing and investment needs of SMEs,
businesses and individuals to establish an efficient, transparent, safe, convenient
internet financial services. Claims to have covered nearly more than 30 provinces
Personal Loans - P2P Marketplace more than 100 cities of the country,
CredoFunding [Lyon, 2014]: Credofunding is a crowdfunding platform for christian

community. It allows donations as well as debt-based crowdfunding through its
platform. The loans are available from € 5k and € 1000k. As of March 2016, it has
raised €821k for 63 campaigns.

Ezubo [Beijing, 2014]: Ezubo is a finance P2P intermediary service platform, which
offers debt transaction-based financial leasing and also offers transaction information
to achieve price discovery of financial assets in the financial leasing market to
optimize the investment structure. The company shutdown its operation in Dec 2015.
Peer Power [Bangkok, 2016]: Peer Power is a peer to peer lending platform based
out of Thailand. The platform is a marketplace that connects credit-worthy borrowers
with investors and enables qualified borrowers to secure lower rates and investors to
access an asset class.
Lendex NL [Amsterdam, 2014]: LENDEX is an online lending platform that brings

together borrower and investors. It focuses on personal loans and mortgages. The
minimum amount that the investor must lend on one loan is € 100 and the minimum
amount anybody can borrow on the platform is € 1000. The loans are available for a
Personal Loans - P2P Marketplace minimum period of 12 months.
Lancelots [London, 2014]: Lancelots allows user to borrow/lend money on their

platform. Lancelots savers/lenders can receive a rate of up to 10% APR, dependent on
their saving amount and the duration to save for. Each borrower get an individual
assessment to check affordability together with matching them with a much lower
APR than many other lenders. They simply match up the people with money to the
people who need to borrow it. They charge the borrowers a rate of interest slightly
Personal Loans - P2P Marketplace higher than the lenders require and that is how they make money.
The Money Club [Delhi, 2016]: The Money Club is a peer to peer lending application
that allows users to pool in the money and form a group - MoneyClub. The pooled
amount is made available for bidding to potential borrowers within the group. Once
the borrower wins the bid, the money will be directly transferred to the bank account.
Personal Loans - P2P Marketplace Charges 3% of the total bid amount from the winner of the bid.


Hellomerci [Paris, 2013]: Hellomerci is a France-based P2P lending platform where
individuals can borrow in the range of 200 to 10,000 euros for a tenure of 1 to 36
months. The borrowers create their campaign by describing their project, loan
amount and tenure. Once the platform validates the project it is made live and can
Personal Loans - P2P Marketplace start raising money.
CreditGate24 [Ruschlikon, 2015]: CreditGate24 is a Switzerland-based P2P lending

platform. Only a person who is resident in Switzerland or Liechtenstein. The minimum
investment on the platform is CHF 500. Borrowers pay a fee of 0.8% to 3.0% of the
net loan amount (depending on the amount and duration). Investors will be charged a
fee of 1% on the effectively performed monthly repayments (amortization and
Personal Loans - P2P Marketplace interest payments) of the borrower to the investor.
Slab [Hyderabad, 2015]: Slab is a peer-peer social lending and borrowing platform.
Allows borrowing INR 25k - 150k for a span of 1-3 years. Takes care of legal
documentation, amount disbursement, EMI processing, etc.
MutualLoans [Mumbai, 2012]: MutualLoans is a P2P lending platform where
individuals can interact to lend and borrow money without any financial
intermediaries. The platform enables lenders get a better rate of return and for
borrowers to get loans at a lower rate. The platform offers a loan calculator to decide
on the loan amount, interest rate, term and repayment type that fits user's plan. The
dashboard showcases the terms of the loan such as total amount to repay, interest
repaid, payment schedule and the installment amounts. Also allows users to invite
Personal Loans - P2P Marketplace friends and relatives through social networks.


Goodmoney [Bangalore, 2015]: Goodmoney is an online platform for registered
borrowers to connect with qualified lenders. Borrowers create a profile(employment
details, salary, credit rating) on the platform, pay a registration fees and specify their
loan requirement. Lenders get access to the profiles and provide loans. Borrowers
profiles are physically verified by the company. Charges a one-time registration fee
Personal Loans - P2P Marketplace and 1.5% of the loan amount at the time of disbursement.
pesadata [Nairobi, 2013]: Pesadata is a Kenya based peer-to-peer lending platform. It
lets users apply for loans online which are funded by willing investors. The investors
can fund a loan with as little as Ksh 100. The product collects data about borrowers
from various sources including and not limited to Credit Reference Bureaus to
determine the risk rate of borrowers from which the lending rate is determined. As on
Personal Loans - P2P Marketplace Feb 2016, the website of the company is not operative.
Hedwic [Hyderabad, 2015]: Hedwic is a peer to peer lending platform. Borrowers

decide their terms of loans and create loan requests on the platform. Offers link to
loan profile which can be shared through email, social network, SMS, etc. Hedwic
limits the loan tenure to one year. As of Jan 16, the company is in stealth mode.
P2nr [Chengdu, 2015]: P2nr is a P2P lending platform that offers lending specifically
for women. Offers loans for purposes such as beauty makeover, college education,
small business loans, car loans, etc. Rumored to have raised RMB 20M in seed funding
from undisclosed investors.
8percent [Seoul, 2014]: 8percent is a Korea based P2P lending platform connecting
borrowers and lenders. It claims to factor in alternative sources of information for
credit analysis, including social media, about an individual’s behavior and
characteristics.


Ishuxin [Beijing, 2014]: Ishuxin combines social and financial information to create a
lending based ecosystem. It works on the principle where acquaintances can borrow
money without embarrassment as their identity remains anonymous. It also helps in
maintaining low default rates. It claims to have raised undisclosed amount of funding
Personal Loans - P2P Marketplace from Taoshi Capital.
CrediLink [Kuala Lumpur, 2015]: CreditLink is a Malaysia based online P2P lending
platform for consumer loans. Borrowers choose a loan amount, purpose and post a
loan listing.Investors view loan listings and invest in listings that meet their
criteria.Once the process is complete, borrowers make fixed monthly payments and
Personal Loans - P2P Marketplace investors receive a portion of those payments directly to their account.
Peerlend [Hyderabad, 2015]: Peerlend is a P2P lending platform for personal loans.
The borrower registers and lists his requirements on the platform. Borrower can
reach out to different lenders with loan requests. Lenders propose the investment
amount and interest rates. The loan requests from borrowers can be viewed by
lenders on their dashboard. Peerlend.in assists in executing a formal loan agreement
between the lender and borrower. Two investment methods for lenders - Quick
Invest and Manual Invest. Quick Invest allows lenders to set the desired risk and
return levels, allowing Peerlend.in's automated system to present browser profiles
that meet the criteria whereas Manual Invest allows lenders to browse through
borrower listings, carefully review and select borrower profile. Charges lenders
registration fees of Rs 1500, Annual fees of Rs 1000 and 2% of the money given out.
Charges borrowers Rs 750 as one time registration fee, annual fee of Rs 500 and 3.5%
Personal Loans - P2P Marketplace on the loan amount.
Lendico South Africa [Null, 2013]: Lendico is a P2P loan marketplace in South Africa.
Participants in this marketplace consist of borrowers seeking finance and lenders who
are seeking returns. Lendico takes care of every step of the loan process: From the
quality control of loan projects to the collection process. Lendico South Africa is part
of Africa Internet Holding (“AIH”) and is backed by Rocket Internet, Millicom and
Personal Loans - P2P Marketplace MTN.

Rupaiya Exchange [Delhi, 2015]: Rupaiyaexchange, a Rosh Capital initiative, is a
platform that facilitates P2P lending. There are no registration charges, but a multi-
tier listing fee applies for borrowers. The listing fee is applicable only if 80% of the
loan amount is met through the platform. Borrowers have to upload the required
documents, mention the loan amount and the purpose and are given a credit rating
based on the documents and social media profiles. Lenders can check borrower
ratings as well as profiles and choose beneficiary. Rx facilitates the loan
documentation. Payments and repayments can be through offline or net banking.
Borrowers can raise the amount from multiple lenders. Auto and manual invest
Personal Loans - P2P Marketplace options are available for lenders. Charges a loan listing fee.
Pandai.cn [Beijing, 2012]: Pandai is a peer-to-peer lending platform that connects

borrowers with lenders through a credit risk management system. It offers liquidity to
lenders through loan transfers. It has developed its own credit underwriting system.
Hagto [Chennai, 2015]: Hagto is a mobile marketplace where potential lenders and
borrowers can strike deals on lending and borrowing. Lenders just have to update
their KYC information on the app to browse through lending campaigns. Borrowers
have to pay regular EMIs based on their financial cycles. Lenders can see previous
Personal Loans - P2P Marketplace campaigns of borrowers, credit scores and previous EMI details.
swayinnovations.com [San Francisco, ]: Sway is a marketplace for P2P consumer

loans. Individuals can request loans up to $500. Users can choose an interest rate and
repayment schedule that fits them. They then submit loan request and receive
responses within a day. Users can use their Paypal account to accept and repay loan.


SoLo Funds [New York City, 2015]: SoLo is a socially-driven mobile based peer-to-
peer lending platform. They claim to create a socially connected marketplace for
borrowers and lenders to exchange low-value funds. As of November, 2015 it is in
stealth mode.
lendloaninvest [Walton On Thames, 2012]: Madiston LendLoanInvest is peer to peer

lending platform that connects investors and borrowers, allowing them to customise
loans to suit their individual needs. Lenders can lend as little as £10.
LendLink [Stockholm, 2013]: LendLink is a Swedish P2P lending platform. It helps with
the administrative process; loan applications, contracts between borrowers and
lenders, payments and other administration. They charge a setup fee on the
payments, a fixed percentage based on their credit evaluation of the borrower.
Kokos [ , 2007]: Kokos is a peer-to-peer lending platform based in Poland.


MoneyCircle [Midwest, 2015]: Money Circle is a platform that manage the entire
process to enable P2P loans among family and friends. The company creates contract
between the borrower and the lenders, collect money from the lenders from
anywhere in the USA, manage the process of monthly payments from the borrower,
send reminders for each monthly payment, track the entire loan process and keep all
parties informed. Also transfer the loan repayments + optional interest to lenders
once the loan has been fully repaid. Charges transaction fee of 7% on the loan
Personal Loans - P2P Marketplace amount. The fee is added to the loan amount and is paid by the borrower.
QuidCycle [London, 2013]: QuidCycle is an online P2P lending platform that facilitates
personal loans. It offers loans from £ 2,500 - £ 25,000 for 1-5 years starting at 7.00%
APR.
CapitalCircle [Bangalore, 2015]: CapitalCircle is an online P2P lending platform where
borrowers can raise collateral free money from investors for their requirements.
Claims that investors can get returenf from 12-24%. Ensures regular payment of dues
and imposes a fine of 20% of dues amount if any installment is missed. Has tied up
with a collection agency to ensure the return of the funds. Currently does not charge
Personal Loans - P2P Marketplace any free for transactions.
My-Lending [Mumbai, 2001]: My-Lending.com is a people-to-people lending based

business. The company aims to dis-intermediate the lender and the borrower. It
claims to provide lending against collateral of securities in book entry mode. It also
claims to hold patent and protection for the business process in USA &; Australia.


ALTX [Gurgaon, 2011]: ALTX.is an online person-to-person lending &; borrowing
marketplace. They facilitate matchmaking of borrowers' loan requirements with
lenders' money. They claims to verify via highly secure process all the borrowers
before getting listed on the portal, thereby enabling the lenders to choose loans with
confidence and lending only to verified borrowers. The verification process consists of
Personal Loans - P2P Marketplace verifying home and office address, loan repaying capacity and previous loan history.
Klickstart [Delhi, 2014]: Klickstart is an online loan marketplace which connects

borrowers and lenders and enables them to transact with each other directly.
Klickstart aim to be the "go to place" for all users looking to get loans. The users are
allowed to borrow or invest between INR 25,000 up to INR 50,00,000 and the tenure
Personal Loans - P2P Marketplace is from one month up to 60 months with interest rates from 8% to 36%.
Vote4Cash [Hyderabad, 2014]: P2P marketplace that enables users to lend and
borrow cash loans for a pre-set amount of time and interest on the loan amount.
Users can get short term loans (1-30 day tenure) for debt consolidation, travel
expenses, medical emergencies, home improvement etc, based on their profiles on
online social networks. Offers several types of memberships such as Silver, Gold and
Personal Loans - P2P Marketplace Platinum with loan amount limits ranging from INR 20000 - 50000.
LoanCircle [Bangalore, 2015]: LoanCircle aims to provide people with quick access to
loans, at the rates suited for a person. They check the CIBIL score and credit history,
and also claim to consider a person's education, work experience and their expected
career growth while evaluating a loan application. They have a data driven
underwriting model which help them identify high quality borrowers, thereby helping
the lenders on the platform make good returns on the investments. Raised angel
funding from Toppr.com co-founder Zishaan Hayath, Trifecta Capital MD Rahul
Personal Loans - P2P Marketplace Khanna and other investors.


Lendbox [Delhi, 2015]: Lendbox is a peer-to-peer lending online lending platform. It
aims to help borrowers to get money at low interest rate and lenders to get high
returns on their investments. The platform allows borrowers to showcase their
requirement and lenders can share their investment interests. On seeing a similar
offer from a listed party, they can directly contact each other to proceed further. It
claims to ensure safety during transactions, the lenders and borrower profiles are
Personal Loans - P2P Marketplace listed after a thorough check and analysis.
LendWave [Bangalore, 2015]: LendWave is an online P2P lending marketplace for

personal loans. It claims to have low-interest rates with rapid approval. They also
claim to have an algorithm to put the borrowers on the platform.
MonthlyInterest [Vadodara, 2015]: MonthlyInterest is an online marketplace

platform for peer-to-peer lending. They claim to be creating a community where
investors and borrowers can connect to get great deals. It claims to service the loan in
about 72 hours. It is under development stage as of August 2015.
IndiaMoneyMart [Mumbai, 2015]: IndiaMoneyMart is an online marketplace that

aims to bring together borrowers and investors to enable a transaction between them
on their terms. Individual borrowers can get loans from individual investors in this
marketplace on the internet. It claims to handle all contractual documentations for
Personal Loans - P2P Marketplace the loans between the lenders and the borrowers on the platform.
InstaPaisa [Delhi, 2015]: InstaPaisa is a B2C marketplace for personal loans. The
company pulls multiple data points like CIBIL score, transaction details, PAN number
from the internet and auto-matches the application to lenders. Creates credit profiles
using proprietary, data based proxy credit score technology. As of Jan 2016, has
processed 1132 applications and has disbursed loans worth 85 lakhs. Has tied up with
Personal Loans - P2P Marketplace 5 lending partners. The company has applied for a NBFC license.

P2P Credit [Panama, 2008]: P2P Credit is a Peer to Peer Lending platform which
matches qualified borrowers and investors with loans and investment servicing. It
offers personal loan access up to $35,000.
SmartLending [Delhi, 2015]: SmartLending is an online peer-to peer lending

marketplace platform, and thereby connects borrowers and investors. The borrower
has to post the requirements on the platform and thereby the investors and
borrowers are connected and thereby have to contact each other themselves to
Personal Loans - P2P Marketplace finalize the transaction. They claim to not charge any fee in the entire process.
Finansowo [ , 2008]: Finansowo is a short-term P2P lending platform in Poland. It was

founded in 2008 and provides an online marketplace that matches retail savers and
borrowers.
Donjoy [ , 2005]: Donjoy is a P2P lending platform in South Korea. Donjoy is in

operation since 2005 and allows interest rates of up to 66 percent.
popfunding [ , 2009]: Popfunding is a P2P lending platform in South Korea which

allows borrowers to get loans up to a maximum amount of approx. 2000 US$. Interest
rates are auctioned. Maximum interest rate is 29 percent.


LENDIT [Seoul, 2015]: Lendit is a Korean peer-to-peer lending marketplace where
investors provide loans (APR 4.5~15%) to creditworthy borrowers in exchange for the
interest income (over 6% annual return). It leverages technologies to lower the cost of
the traditional banking system and reduce volatility of returns through diversification
Personal Loans - P2P Marketplace based on machine learning.
BAHT [Bangkok, 2013]: BAHT is a P2P lending platform for personal loans in Thailand
connecting borrowers and investors.
RateSetter [Sydney, 2014]: RateSetter is a peer-to-peer lender. It connects lenders

who want a better return on their money with creditworthy borrowers who want a
simple, competitive personal loan. In the United Kingdom the RateSetter platform
claims to have facilitated over A$700 million in peer-to-peer loans.
Easy Rupiya [Delhi, 2014]: Easyrupiya is an online marketplace connecting lenders

and borrowers. Registered lenders can view the financial details of borrowers and
decide whether to lend money or not. Funds are then transferred to the borrower
and repayments are made through post-dated cheques. Plans to makes fund transfer
Personal Loans - P2P Marketplace online in the future.


FundingHub [Bangalore, 2015]: FundingHub offers online marketplace for borrowers
&; lenders. Transaction of loans happens directly and lender - borrower can discuss
rate of interest and other terms. Uses a verification process similar to KYC process
carried out by any bank / financial institution to fulfill RBI /SEBI norms. Also does
physical verification of borrowers resident/ office and documents. Charges nominal
registration fees to register on the online platform for the borrowers &; lenders. One
can lend /borrow from any individual who is member of FundingHub in any of part
city /town in India. Door to door services are provided for completing the
documentation of the loan transaction. The lender can choose the person whom he
lends and can lend to multiple borrowers. Minimum amount for investment is
Rs.25000 and it charges a listing fee of Rs.1400 to invest up Rs.1, 40,000 from
Lenders. .Thereafter, lender pays 1% of the investment amount as Listing Fees. The
Personal Loans - P2P Marketplace amount borrowed ranges from Rs. 50,000 to Rs. 5,00,000 for a tenor of 6-48 months.
LendSmart [Hyderabad, 2015]: LendSmart, is a P2P platform which claims to use

social networks to facilitate customized financing solutions. They claims to provide
various types of loans by connecting with borrowers with a right lender by building
upon trust because of a common connection. It is in development phase as of October
Personal Loans - P2P Marketplace 2015.
Lenderly [ , 2014]: Lenderly is a platform where borrowers can access loans through
their social network within a range of $200 - $5,000. Lenderly helps the borrowers
identify those most likely to lend and manages the entire loan process from receipt to
repayment to ensure that both the borrower’s and lender’s expectations are met. The
loan applications are only exposed to selected contacts from the borrower’s social
network. The borrower decides whether to pay any interest and how much. The
lenders can then decide based on the offer made by the borrower. Currently servicing
Personal Loans - P2P Marketplace loans in the US only. Lenderly charges 3% + $1 per amount transferred.


TWINO [ , 2015]: TWINO is a Latvia-based peer to peer lending platform for consumer
loans. Twino is the creation of FinaBay, a FinTech company. TWINO buy backs loan
(principal amount and interest for investment period) from investor, if it is 60 or more
days delinquent. It offers interest rates in the range of 9% to 14.9%. Consumer loans
range from €400 to € 3000 with terms from 6 months to 3 years. Investors may lend
Personal Loans - P2P Marketplace the entire loan or a fraction. The minimum investment is € 10.
Zaymigo [ , 2013]: Zaymigo is a group lending marketplace, where investors meet
with borrowers without intermediaries. The investor earns revenue by issuing
loans, and the borrower receives money quickly and without any red tape. Every
borrower is financed by several investors. Zaymigo checks credit history, financial
information, and social contacts, and allows less than 30% of the most trustworthy
borrowers into its system. The approved borrower receives the loan immediately
on their card, bank account, or in cash from the partner banks. The borrower repays
the money in a convenient manner, and Zaymigo divides the received income
proportionally among the investors who entered into the loan. Zaymigo supervises
the timely repayment of loans. In the event of a delay, Zaymigo collects debts
Personal Loans - P2P Marketplace according to standard banking measures until all investors have been fully repaid.
Lendex [Almere, ]: Lendex is an online lending platform that facilitates P2P lending in
Netherlands. Borrowers to borrow a minimum amount of € 1,000 with a minimum
loan tenure of 12 months. It allows retail investors to invest on the platform with a
minimum investment amount of € 200, and a minimum investment amount of € 100
Personal Loans - P2P Marketplace per loan. It partners with Experian and BKR to make credit inquiries on the borrowers.
Zinc Euro, a.s. [Poprad, 2014]: ZincEuro is an online lending platform that facilitates
personal loans to consumers in Slovakia. The platform allows for borrowing of loans
ranging from Euro 1,000 to EUR 15,000 and a minimum investment of EUR 500.


FinBee [Vilnius, 2015]: FinBee is an online P2P lending platform based in Lithuania.
The platform is based on reverse auction platform where lenders bid with the lowest
interest rates for the borrowers. It provides a rating of A*, A, B, C, D to the loans on
which lenders can bid with the minimum amount of EUR300 and the maximum
Personal Loans - P2P Marketplace amount being EUD 3,000.
Zastac [Madrid, 2015]: Zastac is a financing alternative to traditional banking, where

through a participatory financing online platform unites individuals who need money
to small investors who are willing to give. Zastac handles all contract management,
billing and reimbursement, plus solvency thorough study of all users who want to
Personal Loans - P2P Marketplace borrow. Investors invest their money in loans to individuals of proven reliability.
GIROMATCH [Frankfurt am Main, 2014]: GIROMATCH is a Germany based P2P

lending platform. It connects investors (who get access to German loan portfolio) to
borrowers (who get loans with less effort and fair conditions.
Guarantor My Loan [Norwich, 2014]: Guarantor My Loan operates a P2P lending
platform that provides guarantor loans to people of up to £5,000 for 5 years with a
homeowner guarantor. It requires the guarantor to be a friend or a family member
with a good credit record. Once the guarantor and other details of the borrower has
been verified, the loan is disbursed to the borrower through the guarantor. If the
repayments have been on time, the company gives one month's payment as a
payback reward to the guarantor. Guarantor My Loan is the trading name of Match
Personal Loans - P2P Marketplace the Cash.


SAVY [Vilnius, 2014]: SAVY is an online P2P online lending marketplace in Lithuania
focused on unsecured consumer loans. It facilitates loans between €200 and €4,000
for personal loans and €3,000 and €15,000 for mortgage loans for a loan tenure of 1-5
years. The interest rates vary between 6% to 28% on personal loans and 12% to 40%
APR on mortgage loans. It also facilitates financing for non-owner occupied rental real
estates. It enables investors to lend between €5 and €500 in one loan and diversify
their portfolio across loans. SAVY connects borrowers and investors directly via their
Personal Loans - P2P Marketplace bank accounts. Loan agreements are made directly between borrowers and investors.
encash [Barnet, 2009]: YES-secure is an online peer-to-peer lending and borrowing
marketplace in unsecured consumer loan space based on an auction-model for
lending rates. Registers members based on authentic credit scoring, financial
background research and strict underwriting processes to facilitate a safe and legally
formatted transacting environment. Allows lending up to £25,000 for a loan term of 1
to 5 years on a fixed interest rate. Incorporates social networking and peer
Personal Loans - P2P Marketplace endorsements.
Taplend [San Francisco, 2015]: TapLend is a mobile platform that allows you to
receive instantaneous loans from friend and financial institutions in just a few clicks.
The user has to sign in on Taplend app(can be done with even facebook Id), and select
the amount and duration for which the money is required. It does a search for the
user to find best conditions for him as per the amount he requires and for what
duration. It also allows one to borrow from friends without any interest. They plan to
Personal Loans - P2P Marketplace soon launch Taplend app on Apple watch too.
Socilen [Madrid, 2014]: Socilen is a P2P lending platform that puts in contact
individuals, freelancers or small businesses that need funding with investors
interested in fund them. Investors can invest in multiple loans in order to diversify
risk. Socilen charges a small fee to borrowers and investors for the use of the platform
Personal Loans - P2P Marketplace and the services provided to them.


Eddyyy [Glasgow, 2013]: Eddyyy is a P2P lending marketplace. It uses a consecutive
matching strategy when matching the investors with the borrowers and is based on a
goal of 100% flexibility and freedom of choice. The investors decide what interest he
wants to charge. Every borrower will, at any given moment, be matched with the
Investor who is asking for the lowest possible interest rate at that moment in time. IT
Personal Loans - P2P Marketplace charges 5% fee from the returns earned by the investors.
uCredit [ , 2015]: uCredit id a P2P lending platform in Ukraine. Borrowers set their
own interest rates and lenders can choose the suitable offer to grant a loan. uCredit
offers a service of a full cycle, including a search for borrowers, their scoring, the
organization issuing the loan and payments on it, and in the event of delinquency -
professional collection and, if necessary, legal proceedings to obtain a writ of
Personal Loans - P2P Marketplace execution.
Frank [New York City, 2014]: Frank is an online lending platform for loans amongst
friends. Members create groups with people they trust and add money to the pot.
Anyone in need can withdraw the money from the group and repay it over time.
There is no interest to be paid along with the money withdrawn however people can
Personal Loans - P2P Marketplace pay-back extra as a way to thank people in the network.
SimZirok Ukraine [Kiev, 2012]: Simzirok is a P2P lending platform with a focus on
individuals and small businesses/self-employed entrepreneurs. It allows investors to
start investing on the platform with a minimum amount of 10uah.
Monk [California, 2014]: Monk app provides an online platform for social savings and
lending. It allows people to form a group where everyone can contribute to the
savings and earn up to 3% interest rate per annum. Whenever there is a requirement,
people can earn up to 30X the group savings and pay less than 3% interest rate on the
Personal Loans - P2P Marketplace loans. As of September 2015, Monk was operating a pilot program.


Trustbuddy [Stockholm, ]: Trust Buddy provides an online P2P lending platform which
facilitates 30-day loans of up to 10,000 SEK between private parties. The company
provides an option of interest free loan repayment if the loan is repaid within 14 days
of the borrowing, post which interest is levied. Post 30 days of borrowing the loan in
converted into a new loan account. Investors can start investing on the platform with
a minimum amount of EUR 500 and diversify their portfolio across different loans.
TrustBuddy was the the first P2P lending company to become publicly traded and is
Personal Loans - P2P Marketplace listed on the NASDAQ OMX First North since 2011.
Fellow Finance [Helsinki, 2013]: Fellow Finance is an online P2P lending platform that
provides unsecured loans to borrowers from € 500-10,000 for a tenure of 24-36
months. It allows portfolio diversification, for investors, and provides a secondary
market to trade loan notes. The company is fully owned by its founders.
Fixura P2P Lending [Vaasa, 2009]: Fixura is an online P2P lending platform. Borrowers
can register on the platform and choose conditions for the loan. Once the data is
checked and the application is approved, the loan is listed on the marketplace for
investors to commit capital to. Investors can start investing on the platform from a
minimum amount of EUR 1,000. It also facilitates automated investing and withdrawal
for investors. The system also optimizes the investors' portfolio by committing capital
Personal Loans - P2P Marketplace partially to different loan requests.
BorrowFlex [California, ]: BorrowFlex is a service that enables P2P borrowing and
lending among friends or people sharing the same interest. The transaction is
facilitated using mobile wallets (currently only PayPal) thus ensuring timely transfer of
funds. The interest rates on the loans are usually linked to current prime rates. It also
provides the borrowers and lenders online tools to manage the loans. using which
they can keeps track of the loan activities, notifications, and payment schedule for the
Personal Loans - P2P Marketplace borrowers and the lenders to review.


LendMe [Auckland, 2014]: LendMe is an online P2P lending platform. It allows
borrowers to apply for loans between $25,000 and $2 million and the loans are
secured against borrower's personal assets, most commonly first mortgages over
property. Lenders may fund loans in full or in increments of $1,000 and are provided
with relevant information about borrowers, including a LendMe credit score and the
security offered. LendMe sets the interest rate for a loan based on a borrower’s credit
score and criteria such as their credit history and available equity. It services the loan
and manages payments and collections and generates its revenue through its
origination and servicing fees. The indicative interest rates are in the range of 5.89%
to 14.29%. It has received the P2P lending license and is aiming for a mid-2015
Personal Loans - P2P Marketplace launch.
WeFinance [San Francisco, 2014]: WeFinance is an online provider of P2P, personal
loans. It allows borrowers to update the loan listing on the website and share the link
with the people they want to fund the loan. Borrower's account is linked to the
Facebook account and a borrower can start by asking immediate connections to fund
the loan and then share the link with other connections on the portal. If the borrower
is unable to meet a minimum amount of funding, the amount is credited back the
lenders' account. Borrowers and lenders have Dwolla accounts which facilitates
Personal Loans - P2P Marketplace withdrawal and deposit of loan amount and repayments.
Twino [Riga, 2009]: Twino is a P2P lending platform in Latvia which allows borrowers
to borrow personal loans on its platform. It offers loans between EUR 400 to EUR
3,000 for a loan tenure of 6 months to 36 months for purposes such as medical
procedures, vehicle loans, tuition and house improvements and charges a 5%
origination fee. The borrowers are assigned ratings between A and F using FinaBay's
credit rating model and are charged interest rates between 18% and 36%. For
investors it allows the minimum investment amount of EUR 10 and guarantees
buyback of loans with credit rating of A if the loans are due within 60 days. Twino is a
Personal Loans - P2P Marketplace part of Finabay.


Vertaislaina [Helsinki, 2010]: Lainaaja was the first P2P lending marketplace in
Finland. Individuals make a loan application at Lainaaja.fi. It allows the borrowers to
borrow up to EUR 15,000 for a time period between 1 and 3 years. Each applicant is
credit- and identity-checked. Lenders can make offers to the loan, they can set the
interest rate, but only the best offers participate in the loan. If loan gets funded, then
borrower starts to repaying to Lainaaja’s account. Lenders can re-invest or transfer
money back to their own bank accounts. Lainaaja.fi makes its revenue in three ways.
First, it takes EUR 60 of the loan for handling purposes. Secondly, each month it takes
a EUR 3-5 cut of the payments by the lender itself and a 1% point off the return for
Personal Loans - P2P Marketplace lenders themselves.
BTCJam [San Francisco, 2013]: BTCJam is a global peer to peer bitcoin lending
platform and offers a global credit score to its users. BTCJam has developed a credit-
scoring algorithm that worked completely online and on a global scale. It leverages
Silicon Badia, Digital Currency Group,
users' social networking profiles and eCommerce transaction history as well as
Silicon Badia, Bitcoin Trust, 500
traditional data points such as income to determine the credit score of borrowers $7.3M
Startups, Ribbit Capital, Foundation
instantly. Because BTCJam measures repayment of the borrowers it scored, it can
Capital, FundersClub, Pantera Capital
apply machine learning on the 100s of data points collected and keeps improving the
repayment rate. Has helped more than 4k loans to be funded on its platform. Was
Personal Loans - P2P Marketplace - Bitcoin incubated at 500 Startups.
Bitbond [Berlin, 2013]: Bitbond is a global peer-to-peer bitcoin lending platform.

Small businesses get access to affordable loans while lenders earn profitable interest
rates. Since Bitbond works exclusively with the digital currency bitcoin, neither the $938k Point Nine Capital
borrower nor the lender need a bank account to participate in our global loan
Personal Loans - P2P Marketplace - Bitcoin market.Bitbond's mission is to make investing and financing globally accessible.


BitLendingClub [Sofia, 2013]: BitLendingClub (earlier known as LoanBase) is a peer-
to-peer Bitcoin lending platform. Helps borrowers get Bitcoin loans online for the
most competitive rates and the lowest transaction fees. The lenders compete in a
'Dutch Auction' style in order to assess the risk of each loan and offer the lowest
possible rate for a given borrower. In order to avoid loan defaults, it has partnered $250k Launchub
with a third-party document verification provider, Jumio, to validate borrowers’
verification documents. Charges 1% of loan value as fees. Boasts a 35% share of
bitcoin P2P lending market. Since the launch, BitLendingClub has served over 2,200
Personal Loans - P2P Marketplace - Bitcoin loans, amounting to over 3,500 bitcoins.
Pylon [San Francisco, 2014]: Peer-to-peer lending should truly be peer-to-peer. Pylon
enables anyone to lend and borrow money easily and securely. Using Pylon, anyone
can structure a loan without a third party by simply set amounts and dates for
borrowing and repayments. Pylon makes it easy and tracks identity and transaction
history so lenders know who they are dealing with. Pylon assists anyone to create a Boost
loan on the Blockchain. All information and transaction history for each loan is
recorded on the Blockchain. Charges no feee on loans. Makes money by providing
services such as lending marketplaces and transparency services for individuals and
Personal Loans - P2P Marketplace - Bitcoin businesses. Raised Seed funds from Adam Draper's Boost VC.
Credit Dream [Recife, 2015]: Credit dream plans to implement cross country P2P
lending by leveraging the blockchain technology, they aim to connect investors from
any country to borrowers in any country. They deliver their services through the app
“Meu Crédito” which is not a financial institution. They have launched it as a way to
validate the idea and measure the demand, they are not currently giving out loans
until they get fully compliant with regulations. The customers can currently simulate
Personal Loans - P2P Marketplace - Bitcoin loan application and payments through their app.


Gold [Salt Lake City, 2015]: Gold enables anyone to obtain a loan or invest easily from
their phone using bitcoin, they leverage big data and machine learning. Their machine
learning algorithms predict default rates accurately by aggregating large amounts of
data over a distributed computing model to perform machine learning at a scale and
speed only recently possible. Their proprietary data aggregation methods and
algorithms predict default rates enabling them to guarantee overall competitive
Personal Loans - P2P Marketplace - Bitcoin returns on portfolio.
Coinshark [ , 2015]: Coinshark is building a P2P lending platform which is secured with
smart property and the Bitcoin blockchain. The lenders can invest in loans secured by
real property rights and smart property/smart contract technology. Borrowers can
post loan requests for multiple purposes, and it's on lenders' discretion to invest. The
Personal Loans - P2P Marketplace - Bitcoin company is under development as of December 2015.
Money Circles [London, 2014]: Money Circles is a credit unions i.e. member ran
savings &; lending companies for people who share a common bond; who want to
replace bad banks and predatory pay-day-loan companies. MoneyCircles allows
people to create and operate their own credit unions on the Blockchain which
provides savings and lending services to its members without all the usual associated
costs and restrictions. It uses the concept and technology of digital currencies. Users
can store their digital money in a secure wallet and can commit it to Circles of your
choosing, to be made available as loans to its members and start earning interest.
Personal Loans - P2P Marketplace - Bitcoin Each user of MoneyCircles.com has a Money Circles Credit Score.
Wayniloans [ , 2015]: Wayniloans is a social network that offers a way to obtain loans
in bitcoins. It is a P2P lending with bitcoins. Lenders have the possibility to choose
amount, interest rate, quantity and frequency of payments in order to solve their
needs. Clients access this service via a RESTful API and receive notifications to a
configured URL. This service enables Wayniloans to create user profiles, wallets,
receive balance change notifications and send bitcoins to wallets within and outside
Personal Loans - P2P Marketplace - Bitcoin the platform.


Pave [New York City, 2012]: Pave is a lending marketplace for accredited investors to
lend to borrowers who are looking for an easier access to credit than available from
traditional sources. The platform has been used extensively by students looking for
credit, however it poses no restrictions on non-students for applying to the portal.
The loan principal can range from $3,000 to $25,000 with a term that cannot exceed 3 $318.6M Maxfield, Seer Capital
years. The platform charges a servicing fee as well as fee for late repayments. No
charges for early repayment. Pave has partnered with Prosper.com to provide its
Personal Loans - P2P Marketplace - Only accredited service across USA. All the loans are made by Cross River Bank, a federally insured,
investors New Jersey commercial bank.
321Lend, Inc. [San Francisco, 2014]: 321 Lend is an online P2P lending platform. It
allows accredited investors to invest on the platform to fund loan projects published
by the borrowers. Investors can diversify their portfolio across different loan classes
Personal Loans - P2P Marketplace - Only accredited based on risk rating from A1 to D5, in increasing order of risk. The loans offered are
investors unsecured loans at interest rates starting at 7%.
Lenders Exchange [San Francisco, 2015]: Lenders Exchange is a peer-to-peer lending

platform that also serves as a secondary market, offering investors the ability to buy
and sell consumer credit notes similar to trading equities on a stock exchange. It will
offer loans of $2,000-$35,000 with terms of 36 or 60 months. Investment will,
initially, only be available to accredited investors with a minimum baalance of $5,000.
Personal Loans - P2P Marketplace - Only accredited The company will also introduce a mobile trading technology as well as a rebate
investors program for defaulted loans.


Future Finance [Dublin, 2013]: Future Finance offers student loans to undergraduate
and postgraduate students in the UK within a range of £2,500 to £40,000 per
academic year. It claims to look at factors like the course and university the student is
attending and future career and income potential in order to arrive at credit decision.
QED Investors, Blackstone, Fenway
To be eligible for the loan the student must be enrolled in an accredited UK $27.31M
Summer, RidgeRoad, Capital
University, UK or EU citizen or UK resident. As of Sept 2015, it has received over
25,000 applications from students at every university in the UK and has lent a total of
over £16 million. It has also established 17 partnerships with universities in the UK
Education Loans including the world renowned London Business School.
Skills Fund [Austin, 2015]: Skills Fund is a student financing and quality assurance
platform for coding and data science programs. They ensure that coding, data science,
and other accelerated learning programs meet their quality standards, including $11.5M
strong graduate employment outcomes. Second, programs that meet those standards
Education Loans obtain access to competitive financing products for their students.
Vested Finance [Austin, 2015]: Vested Finance is an Austin based FinTech company
providing education loans for college education to students. Its repayment
arrangement is based on Income Share Agreement (ISA) , proportion of the student's
earnings post graduation, thus eliminating the need of fixed repayments. The Vested $7.23M sandleighventures.com
app, which is currently in development, will educate students and parents on equity
financing and enable them to simulate school and career choices to see comparison
Education Loans data on financing options and earnings potential.
Student Loan Genius [Austin, 2013]: Student loan genius (formerly Student Loan
Benefits) enables employers to help employees manage and reduce their student
Kapor Capital, Socratic Ventures,
debt. Employees customize a repayment plan that fits their budget, by comparing 70+
Michael Brogioli, Travis Devitt, Village
repayment options, with the help of financial experts. They seamlessly handle the
$4.43M Capital, St. James Park Ventures,
payments through payroll &; implement strategies to pay-off loans faster &; save
Socratic ventures, Capital Factory,
money. helps them provide a 401k like match to greatly reduce employees' student
gibraltarv.com
debt. Awards:White House Demo Day Participant 2015Village Capital Fintech U.S.
Education Loans Winner 2015DEMO-God Winner 2014


GradSchoolLoans [Cleveland, 2015]: GradSchoolLoans offers medical school students,

resident doctors, and fellows option to consolidate and refinance all of their existing
$425K Bizdom
student loans into one new loan with a lower interest rate and the option to defer
payments while in residency and fellowship programs.
Education Loans
LendLayer [San Francisco, 2014]: Lend Layer is a social lending platform that allows
students attending coding bootcamps to borrow money to pay for their fee. It offers a
grace period, which lasts up to 3 months after the course duration, during which the $400K
student pays $50/month and post the grace period the amount can be paid down in
Education Loans installments. It has a network of partner schools, where it offers the services.
Edstart [Sydney, 2016]: Edstart is a financing solution for borrowers who wish to
finance their education fees with investors who wish to support education and earn
competitive interests. It uses risk-based pricing to ensure user always receives the
lowest interest rate possible. User submits the online loan application with financial
$100K H2 Ventures
status. Edstart comes back with a detailed funding offer for user's school fees. User
sends the school fee invoices to the company and they pay it. Repayments happen by
directly debiting nominated account as per user's instructions. They are currently in
Education Loans pre-launch phase and expect to release the pilot program during 2016.
Xiaoniujh [Beijing, 2015]: Xiaoniujh is an online financing platform for K-12 students.
It enables users to plan and focus on the education of their children and provides
Angel Plus
them with interest-free installment and optimize the family financial plan. The users
can pay-back on a monthly basis. Has raised Angel round of funding from Angel Plus.
Education Loans


Ta-Lend [Miami, 2011]: Ta-Lend is an online lending platform that offers a loan
product for prospective international students in the US without need of a US-based
cosigner. It enabled international students with an opportunity to build their credit
history in the US. As of April 2016, its website is not operational.
Education Loans
LegUp [Mumbai, 2016]: LegUp offers students financing for internships, academics
related activities like paper presentation, certification courses, co-curricular and
extracurricular activities. Borrowers have to share IDs and proof of achievement for
verification. The company books hotels, hostels, flights and other related things for
the borrower. If needed, also offers cash upto 33% of the loan amount. Rate of
Education Loans interest varies from 14% to 16%.
ClimbCredit [New York City, 2014]: Climb is a student lending company which
provides education loans to the students in its partner schools. The interest rates vary
between 5%-12%. and the loan tenure varies between 3 to 5 years. Students make
interest-only payments while they are in school and start paying balance after
Education Loans graduation.
LENFIN [Johannesburg, 2015]: Lenfin offers loans of up to 2 months of school fees

paid into the school's account with a repayment choice of 6, 10, 14, or 18 months.
Parents applying for a loan will know the interest and repayment applicable, upfront
before taking up the loan. Only a maximum of 2 (monthly) school fees loan can be
granted to a school fee paying parent per school account per academic year. Parents
can apply for a further loan once 70% or more of the existing loan debt plus interest
Education Loans has been paid back to LENFIN.


Student Loan Freedom [Richmond, 2015]: StudentLoanFreedom assists consumers
with federal student loan consolidation preparation and filing services. The service
combine one or more federal student loans into one new loan held by a single lender.
The interest rate for the new loan is fixed for the life of the loan. The rate is based on
the weighted average interest rate of the loans being consolidated, rounded to the
Education Loans next nearest higher one-eighth of one percent and cannot exceed 8.25 percent.
Future Finance [Dublin, ]: Future Finance provides student loans between £2,500 and
£40,000 to cover tuition fees and living expenses for higher education in the UK or
abroad. It offers student finance based on student's career potential taking into
account his current credit status, course he is studying, current debts (including
Education Loans Government Loans) and future affordability.
Stilt [San Francisco, 2015]: Stilt provides collateral free personal loans at low interest
rates to international citizens in the US. Its interest rate range from 7.5% -15%. It
offers loans of up to $25,000 . Its loans are only available in New York. It use
proprietary and public data sources to predict credit worthiness of expats in the U.S.
with limited or zero credit history. Most of their borrowers are international students
Education Loans and recent graduates in the US.
U-fi Student Loans [Lincoln City, 2015]: U-fi Student Loans, a Nelnet partnership,
provides private student loan origination and servicing on behalf of their lender
partners.The U-fi Student Loan is funded by Union Bank and Trust Company, Member
FDIC. U-fi is compensated by Union Bank and Trust Company for the referral of
prospective loan customers. It offers student loan refinancing, undergraduate and
graduate students loans. Students can borrow as little as $1,000 or as much as the
Education Loans - B2C cost of attendance at your school, less any financial aid as certified by the school.


Quotanda [Barcelona, 2013]: Quotanda provides an online lending platform for
financing student loans. The company is currently only taking investments from
accredited investors. Its platform is a Lending as a Service that enables organizations
(lenders, schools, institutions, foundations and communities) to quickly introduce
education loan programs in any country and currency. Currently it is only facilitating
Education Loans - B2C financing for IESE business school and coding bootcamps in Spain.
SoFi [San Francisco, 2011]: SoFi is a marketplace that connects alumni borrowers and Morgan Stanley, Wellington,
investors for refinancing private and federal student loans. Investors get market Institutional Venture Partners,
returns, while borrowers get lower interest rates. Benefits like events, career SoftBank, Baseline Ventures Pte,
advising, seed funding and professional mentorship deliver value beyond a traditional $1.51B Discovery Capital, Third Point, The Xl
bank. Also offers mortgages, mortgage refinancing, and personal loans. Has so far Corporation, RenRen Games, Baseline
raised $400M in Debt Rounds. Has over $7B in loans issued and more than 12k Ventures, sharepost.com, Innovation
Education Loans - B2C - Marketplace members. Endeavors, DCM Ventures
CommonBond [Brooklyn, 2011]: CommonBond is a B2C lending marketplace that
allows students to finance their education or refinance their student loan debt. The
August Capital, Barclays, DBRS,
principal amount available for borrowing extends up to $220,000, with fixed and
Tribeca Venture Partners, Nelnet,
flexible interest rates available for repayments. The portal charges no fee for $247.15M
Nyca, Social Capital, Moody,
prepayment of the amount. CommonBond charges an origination fee and a
Macquarie
commission on the interest earned by investors. The loans on the platform are made
Education Loans - B2C - Marketplace by Bank of Lake Mills or Union Bank and Trust Company of Lincoln, Nebraska.
LendKey [New York City, 2007]: LendKey is a lending platform with offices in New
York and Cincinnati. It offers student loans' financing by community banks and credit
ZelkovaVC, Gotham Ventures, Updata,
unions in the US via refinancing and private loan options. It also offers auto financing
$20M TTV Capital, Silicon Valley Bank, JBR
and personal loans for home furnishings. The company also provides turnkey
Media Ventures, Brazos Group, DFJ
solutions for "Lending-as-a-service" offering white label platforms for online lenders
Education Loans - B2C - Marketplace facilitating services like loan origination, underwriting and digital servicing of the loan.


Credible [San Francisco, 2014]: Credible is an alternate lending platform that helps
students fund their education and graduates to refinance their student loan debt. The
platform offers loans to students without a co-signer, unless one is an international Carthona Capital, Orrick, Cap-
student. The principal amount lent begins with $1,000 and can rise to the certified $13M Meridian Ventures, Cthulhu Ventures,
total cost of attendance that is determined by the school. The loans are made by the REDBUS
platform's lending partners, and there are several repayment options available. The
Education Loans - B2C - Marketplace maximum term of repayment deferral is after six months of graduation.
CoderLoan [New York City, 2014]: CoderLoan is an online platform that helps
students, looking to join programming courses, connect with financial institutions and
apply for course loans. The company is currently focusing on programming
bootcamps as initial focus points. It also connects students with prospective recruiters $25K Conscious Venture Lab
to help them secure jobs in a more convenient way. CoderLoan takes a percentage
from the loan and a fee from the companies, which recruit the students through its
Education Loans - B2C - Marketplace platform, as revenue streams.
Sixup [San Francisco, 2014]: Sixup is an education finance marketplace for high-
achieving, low-income students who gain admission to great four-year colleges,but
can’t afford to go. They enable underbanked, underfunded students to afford
education. Sixup services include Sixup network for matching students with schools,
Western Technology Investment
Sixup smart loans to finance their tution, Sixup Re-Fi to refinance the debt, and Sixup
Performance Grant to help students find internships/jobs.In the background, they
partner with nonprofit and government organizations, and leverage investors and
Education Loans - B2C - Marketplace foundations to deliver a comprehensive funding solution.
Loanscribe [New York City, 2013]: Loanscribe offers services that can consolidate and
refinance student loan debt. Loan applications are stringently screened with variuos
criteria mandates that must be met, including a FICO score threshold. The platforms
offers tools and various loan products for one to refinance their student debt. Loans
can have fixed or variable interest rates. The portal does not charge any fee to the
borrowers, it instead earns revenues from investors that buy the loans from the
Education Loans - B2C - Marketplace portal.


PYT Funds [Washington, 2014]: The GO PYT platform is a hybrid model used to
finance higher education costs. This platform is unique because there is a 3 sided
revenue model and customer. It works like traditional crowdfunding sites yet is strictly
for paying school costs and will help use the money raised to secure additional
financing. The students, the financial institutions and the supporters and
organizations are all the customers in one single transaction. It combines donation
based crowdfunding and lending. The student sets the monitory target; people pledge
to the campaign. In case the campaign achieves 20% of the target, the student
qualifies to gain funding from the banking partners of PYT Funds without a cosigner.
Funds are directly transferred to the university or college of attendance. Students
Education Loans - B2C - Marketplace who sign up are vetted through an application and interview process.
Earnest [San Francisco, 2013]: Earnest is a lending platform for students that provides
an opportunity to lower education debt. The platform offers loans that have flexible Maveron LLC, First Round, Andreessen
terms such as unemployment protection, an option to switch between fixed and Horowitz, New York Life Insurance
variable rates, and deferring payments to a later date in the investment term. The $107M Company, Atlas Venture, Adams
portal does not charge any origination or prepayment fees, and claims to earn its Street Partners, Battery, Collaborative
revenue from the interest charged. It also offers personal loans for various reasons Fund
Education Loans - Direct Lender like career development, vacations, wedding rings etc.
College Ave [Wilmington, 2014]: It offers undergraduate and post graduate student
loans. Student need not be a full time student to obtain loan form College Ave. The
minimum amount you can borrow is $2,000 and maximum can be upto 100% of the Comcast Ventures, Dw Investments,
$20M
school-certified cost of attendance i.e. like tuition and fees, books and supplies, room Fenway Summer Ventures
and board, transportation and personal expenses. The College Ave Student Loan
Education Loans - Direct Lender Product is made by Firstrust Bank, member FDIC.


Sallie Mae Bank [Wilmington, ]: Sallie Mae offers education loan options for
undergraduates, graduate students, and professional students, as well as families with
children in private K–12 schools. Their loans are designed to help bridge the gap
between personal resources and financial aid. The popular Sallie Mae Smart Option
Student Loan helps students graduate with less debt, offers repayment choices, and
rewards on-time payment habits.Its banking products includes Money Market
Accounts, High Yield Savings Accounts, and CDs — feature competitive interest rates,
low fees, and mobile access. (Deposit products are offered through Sallie Mae Bank,
Member FDIC). Upromise by Sallie Mae provides an opportunity for members to earn
cash back for college on everyday purchases. Our suite of flexible products helps
protect students, recent graduates, and young adults with auto, tuition, life, health,
Education Loans - Direct Lender travel, and renters insurance coverage.
Smart-Pig [London, 2011]: Smart-Pig allows stuednts to borrow £25-450 until their
next student loan payment. Smart-Pig loans cost 0.8% per day. Loan interest is added
to the balance daily and automatically stops at 50%. If student repays early, he or she
will only pay interest for the days he or she had the loan.
Education Loans - Direct Lender
Prodigy Finance [London, 2007]: Prodigy Finance provides loans to international
students who enroll in business schools. The loans are funded by institutional
investors, alumni and qualified private investors. The coupon repayments are made
quarterly after a grace period of 6-9 months. Since 2007, Prodigy Finance has
disbursed in excess of $86M to over 2059 students from 92 nationalities, with a 99.1% $13.7M Balderton
repayment rate. Prodigy Finance considers itself a social enterprise. 75% of its
student borrowers come from developing world countries and 34% hail from BRIC
nations alone. In August 2015 company raised $12.5M in equity funding and $87.5M
Education Loans - P2P Marketplace in debt funding from Balderton Capital and Credit Suisse respectively.


StudentFunder [London, 2012]: StudentFunder is a UK based P2P lending
marketplace that enables students to raise loans from registered lenders. The loans
are for education purposes only and the amount borrowed cannot exceed £12,000.
StudentFunder charges students a sum of £250 or 4% of the total amount borrowed, $872K Emerge, Wayra
whichever is higher. Borrowers are also charged 7% annual interest on outstanding
balances. The portal also receives a small administration fee from its registered
Education Loans - P2P Marketplace lenders. The minimum investment amount on the platform is £5,000.
qifang [Shanghai, 2007]: Qifang is a stealth P2P lending site for Chinese student loans.
Most college education in China is financed by group borrowing associations rather
than bank loans. Qifang is trying to bring that group lending dynamic online. The
company expects interest rates on most Qifang loans to be between 8 to 12 percent.
The interest rate will be based on how many lenders bid on each loan. The site will
recommend that lenders invest in a portfolio of loans to reduce their risk, but if they
choose, each one can put all their money in a single loan. Since there is very little
credit history on individuals in China, the site will use other proxies to calculate risk. $200k
Each borrower must scan in their national ID cards to verify who they are, and list
their school, major, grades, hometown, parents ID cards and income. China is creating
partnerships with the schools directly, so that the information students supply can be
verified and so that loan payments can be made directly to educational institutions.
There will also be an interesting social calculus that takes place on the site. Since each
borrowers parents will be named on the loan, failure to pay it back would result in a
Education Loans - P2P Marketplace shameful losing of face for the parents.
GraduRates [ , 2012]: GraduRates provides peer-to-peer loans for postgraduate

students in the U.K. It was acquired by Ratesetter.com in December 2014.
Education Loans - P2P Marketplace


Hxjx360 [Chengdu, 2014]: Hxjx360 is a online based P2P lending platform which aims
to build a support network for young people. They have created a platform for
students to borrow money for their studies.
Splendit [Zurich, 2014]: Splendit connects students who need money, with private
investors who wish to invest in DEN commodity. Students register at the platform and
publish the terms of student loans such as amount, maximum interest rate and
repayment period. Private investors can then finance part or all student loans.
Splendit brings students and investors in an auction together, creates the
documentation and manages the payments during the entire term. Splendit is a
licensed financial intermediary within the meaning of the Money Laundering Act and
Education Loans - P2P Marketplace SRO member at Polyreg.
Gopher [Dallas, 2015]: Gopher is a peer-to-peer lending platform for medical

students, residents, and young physicians. Their proprietary scoring method looks far
deeper than credit score and history to offer better loan terms and lower rates,
ultimately reducing long-term debt burden.
Gyandhan [Delhi, 2015]: Building an online platform for connecting students and
education loan providers (financial institutions and individuals). Founder has an MBA
degree from IESE Business school and a undergrad degree from IIT Kanpur.


Vote4Edu [Hyderabad, 2015]: P2P K-12 education lending platform, that lends
education loans for K-12 based on social-emotional score. Lenders and borrowers can
register on the platform and check the requirements for a loan transaction. The
process comprises of an online registration process, approval, lender paying to the
registered school and repayment from the borrower after the due date. Partnered
Education Loans - P2P Marketplace with 10+ schools. Founding team include IIM-ISB grads, founder of Vote4Cash.
Redfin [Mexico, ]: RedFin connects postgraduates looking for financing (student loan
refinancing or credit solutions for their new or running business) with other
postgraduates and outside lenders willing to lend their money in exchange for higher
returns within a familiar and secure business community. As of October, 2015 it is in
Education Loans - P2P Marketplace Beta stage.
Aspiro Funding [London, 2013]: Aspiro Funding is a business that aims to provide a
solution to the postgraduate funding crisis. Lending through the Aspiro Funding
platform is attractive to a large number of investors who are interested in investing in
socially beneficial markets while seeking an attractive return. Aspiro Funding
provides the platform specifically designed to bring together postgraduates and
Education Loans - P2P Marketplace lenders.
DANA didik [Jakarta, 2015]: DANAdidik is an online education loan platform which
facilitates P2P lending for student financing. Using the platform, students can receive
up to 80% of the education cost as loans. The platform provides secured and
unsecured loans, however applying with a security/guarantor may improve the
Education Loans - P2P Marketplace payable interest rate on the loan.


Duckling [New York City, ]: Duckling provides pooled funding for students allowing
them to pool funds and disburse them as loans to someone in need. Students are
placed in a circle with 5 other students and each student pays the same amount into
the pool weekly. Weekly, the pool is distributed to one participant based on pre-
determined slot and this continues each week until everyone has received on payout.
The pool slot priority is need-based and students who need funds immediately pay
larger interest rate to receive funds quickly whereas those interested in saving money
are slotted at the back of the pool with a return on investment. After successful
Education Loans - P2P Marketplace completion of a circle, a student can gain access to larger circles.
EdAid [London, 2011]: EdAid provides an online lending marketplace for student
loans. It facilitates interest free loans to students from community for a time period of
up to 10 years. Donors would get their money back in real terms in periodic
repayments.
CapAlly [Chicago, 2007]: CapAlly, is an online peer-to-peer student loan marketplace
that links students to the financial support. Universities, businesses, and individual
investors can lend and invest in a student loan and earn returns, all through micro-
finance. Students register on the portal and list their funding needs, which are then
selected by the investors registered on the portal. CapAlly allows students to
customize their borrowing terms and permits investors to diversify their portfolio to
mitigate risks. CapAlly was founded in 2007 and was then known as Academic Capital
Education Loans - P2P Marketplace Exchange (ACE).


MPOWER Financing [Washington D.C., 2014]: MPOWER is an online marketplace for
unsecured student loans in the US. It provides bridge loans to financially underserved
students enrolled full-time at accredited institutions. Loans are either 3 or 10-
year, fixed rate, and range between $2,000 and $25,000. It disburses payments
directly to the universities on behalf of students to pay for tuition or university-
$4M Baltimore Angels, Village Capital, 1776
sponsored services like housing, meal plans, or health insurance. Students start paying
back the loan within 6 months after graduation. The loans do not require any
collateral or guarantees. It allows institutional and accredited retail investors to invest
Education Loans - P2P Marketplace - Only on the platform. The loan comes with free personal finance education courses, credit-
accredited investors building, and a job placement service for the students.
Edudream [ , 2014]: Edudream is a B2C marketplace for education financing which

connects students with accredited investors. The students create a profile on the
platform and link it with their social networks. These profiles are then sent to
Education Loans - P2P Marketplace - Only accredited investors who choose whom to lend based on the profiles.
Qufenqi [Beijing, 2014]: Qufenqi operates an online storefront lets buyers pay in
installments. It focuses on smartphones, laptops, and other consumer electronics and
also sells fashion goods and sports gear. Customers can choose items from e-
commerce sites like Tmall and JD, and then pay for them via Qufenqi by selecting a
down payment and the number of months in which they will pay off the remainder.
BlueRun Ventures, Alibaba Group,
The business model is tailored for students and young white collar workers. Qufenqi $425M
kalends.cn, Source Code Capital
charges a premium in exchange for the payment plan. Through its subsidiary, Laifenqi,
it provides loans to white-collared employees for travel, housing, automobiles, etc.
After its Series E funding, it's also foraying into a wholesale goods marketplace. In Jan
2016, it was announced that the company was raising undisclosed funding and dis-
Purchase financing mantling its VIE with an aim to list on domestic markets.


Klarna [Stockholm, 2005]: Klarna is a provider of payment solutions for e-commerce
stores. It allows buyers to pay for ordered goods after receiving them, thus providing
them with an after delivery payment solution. It also offers customers with an option
on the payment gateway of the online store to pay by Klarna and choose to pay by
instalments, or pay the amount after a certain period of time. At the same time,
Klarna assumes all credit and fraud risk for e-stores so that sellers can rest assured
that they will always receive their money. Klarna’s business model relies on only
QED Investors, Institutional Venture
charging for approved purchases, which means that Klarna always work towards
Partners, Atomico, DST Global,
increasing stores’ sales. Using data that has been gathered through millions of $282.8M
General Atlantic, Sequoia Capital,
purchases throughout the years, Klarna can create accurate algorithms that enables
Oresund Investments
the highest acceptance rate on the market. In 2011, Klarna acquired the Israeli risk
analysis company Analyzed and in 2013 it acquired Sofort, Germany based provider of
banking products for e-commerce. It has over 35 million customers and processes
over 250,000 transaction a day and has over 10% market share of e-commerce
market in Nothern Europe. In 2014, it handled about $10B in online sales. Klarna
Checkout was launched in Sweden in 2012, which is a complete solution for sellers,
Purchase financing offering end-customers all popular payment methods.
Fenqile [Shenzen, 2013]: Fenqile allows users, primarily college students, to buy
electronics they otherwise couldn’t afford via short- and long-term payment plans.
SS&C Technologies, Jingdong,
The site has partnered with some of China’s largest ecommerce players, and allows
$110M Bertelsmann Asia Investment Fund,
users to pick up products like iPads and smartphones without paying the full price up
Matrix Partners
front. Users can choose the length of the plan they want – options range from 3
Purchase financing months up to 18 months – and the interest rate varies accordingly.
Aixuedai [Hangzhou, 2012]: Aixuedai allows college students to purchase items like
phones, tablets, laptops, and cameras using monthly installment plans. Customers can
find the item they want on an e-commerce site, such as JD or Tmall, and paste the
$88.62M Bank of Zhejiang Investment Fund
URL into the application. They can then choose the number of months over which
they want to pay the money back – up to two years – and their optional desired down
Purchase financing payment. Has forayed into financing of travel plans and automobiles


P Omni Prime [Shanghai, 2014]: P Omni Prime provide mobile based purchase
finance solution for retailers and O2O service provider. It uses artificial intelligence in
China Renaissance, Morningside
the central decision engine. It performs fraud detection and full credit check is done
$65M Group, Shunwei, RenRen Games,
automatically by the system. The team includes individuals from Sequoia Capital,
Sequoia Capital
Microsoft, Lenovo. The company Series A funding worth $15 million from notable
Purchase financing funds including Sequoia.
SmartPay Lease [San Francisco, 2009]: SmartPay Everyday Leasing lets consumers get
the electronic devices they want today and pay for them over time. It allows to make $37M
purchases of upto $2000. Length of the plan ranges from 6 to 24 months.
Purchase financing
Figtree Financing [San Diego, 2010]: Figtree Financing is a full service PACE Financing
provider for property owners including quoting, application processing, and funding.
Figtree PACE allows up to 20% of a property’s value to be financed for energy
efficiency, renewable energy, and water conservation upgrades. The financing creates
an assessment lien on the property and is repaid as semi-annual installments on the
$30M
property tax bill.All commercial property types are eligible including office, industrial,
retail, hotel, agriculture, and multi-family residential. The minimum allowable project
size is $5,000 with no maximum. Eligible improvements include solar, HVAC, boilers
&; chillers, lighting, building controls, windows, cool roofing, water-efficiency
Purchase financing plumbing, and hundreds of other improvement types.


NewComLink [Austin, 2008]: NewComLink offers platform for lenders to provide PoS
purchase financing. It offers an application that is filled by the consumer and is then
forwarded to multiple lenders for authorization. It extends a variety of financing
alternatives such as bank cards, revolving credit, loans and lease options. Its solution
is fully customizable and omni-channel and can be accessed across PoS, web-portal,
$16M StarVest Partners, Austin Ventures
self-service kiosk, tablet, and eCommerce solutions. Some of the lenders on its
platform include Santander, Fortiva, Crest Financial, and TideWater. Some prominent
customers are Home Depot, Lazboy and Petland. The company has 55 patents and
boasts of average order value of $1,200 and has so far financed over $361M worth of
Purchase financing loans.
BorrowDay [Beijing, 2015]: BorrowDay is an online platform targeted at college
students that helps them make online purchases on installments. Primarily sells
electronics such as smartphones, tablets, notebooks, cameras etc. Other products on
$16M
the platform include sporting equipment, personal care products and fashion
accessories. Users can choose the % of principal that they would like to pay upfront
Purchase financing and the number of months in which they would repay.
Blispay [Baltimore, 2014]: Blispay is a stealth mode mobile payments startup. New Enterprise Associates,
Gregory Lisiewski, CEO &; President has previously held senior positions at PayPal, Bill $14M Accomplice, FirstMark Capital,
Me Later and MBNA. It offers purchase finance for online purchases. TriplePoint Capital
Purchase financing
Finestrella [Mexico City, 2008]: Finestrella provides consumer loans for purchasing
cell phones. The company also provides loans for fixed telephones, cell equipment, $13.8M IGNIA, Omidyar
and accessories.
Purchase financing


Microf [Albany, 2010]: Microf is a leading provider of financing solutions to the HVAC
industry. Their goal is to restore the Heating/Cooling Needs of the Consumer with an
affordable monthly payment through a strategic network of Actively Enrolled Dealers.
Enrolled dealers can submit the consumer application through Dealer mobile
app/online portal. No down payment or credit score is required for approval. Microf $12.3M Lane Moore, BrandBank, Rotunda
funds Dealers via ACH transaction or check in as little as 10 days after completion of
Signed Rental Purchase Agreement, Signed Installation Acknowledgement Form,
Completed Warranty Registration Confirmation and Pictures of the front and back of
Purchase financing the property
Paidy [Tokyo, 2013]: Paidy is a platform that provides purchase financing and "pay
later" options to biyers. It is a cardless check-out that allows a customer to check out
with only their name and email address. It acts as a lender, fronting the money to
Arbor Ventures, 500 Startups, Recruit
merchants and letting shoppers settle their Paidy accounts up to two weeks later; $10.8M
Strategic Partners, Cherubic Ventures
guaranteeing payment to merchants within 18 days. Paidy is similar to a credit card
only that the there is no actual card and the user enters email address and name
Purchase financing instead of credit card details.
Renren Fenqi [Hangzhou, 2014]: Renren Fenqi is a zero-down-payment credit service

for college students that enables them to buy electronics gadgets based on an $6.4M GGV Capital
installment model.
Purchase financing
OnEMI [Chennai, 2011]: Onemi is an alternative payments solution for e-commerce

companies. It allows businesses to enable users to pay through credit card based EMI
or loan based EMI for any purchases made. Collections are made through multiple $5M Ventureast
offline and online channels. Founder started and sold his earlier venture Loyalty One.
Purchase financing Looking to raise INR 100 Cr.


Shanqb [Beijing, 2014]: Shanqb is an online provider of credit to enable users to have
buy-now-pay-later model. It uses big data technology and risk control technology to
$5M Will Hunting Capital
provide the credit services. The consumer has a credit limit for their purchase. Claims
to have raised Angel round of funding Will Hunting Capital.
Purchase financing
99fenqi [Beijing, 2014]: 99fenqi is an online e-commerce platform for purchase

finance aimed specifically for college students providing an installment service to the
$4.6M HG Capital
students. It is focused on providing mobile and digital product as installment for
college students. It has raised Series A round of funding.
Purchase financing
Xianhuahua [Beijing, 2014]: Xianhuahua is an online purchase finance platform aimed

specifically for college students. It enables college students for post-consumer
$3.03M Zhisland, Gobi Partners
payment services and aims to provide easy access to the products they need. It has
raised Series A round of funding.
Purchase financing
Pier [San Francisco, 2014]: Pier is a mobile first credit provider for online shopping.
People can apply on Pier's mobile app for the loan and Pier will generate a credit
score based on person's education, employment, income history, bank account details
and information from social networking websites including Linkedin. User can start
$2M Ceyuan Ventures, ZhenFund
using their credit line as soon as it is approved by Pier and they can use the loan to
shop on mobile and web stores which support Pay with Pier option. Pier is invested by
Ce Yuan and Zhen Fund. Pier is currently only active in US and plans to enter the
Purchase financing Chinese market soon.


ViaBill [Risskov, 2009]: ViaBill (formerly iBill) provides purchase financing. It allows
users to buy products using interest-free credit and pays the full amount to the $1.63M Northcap
merchants.
Purchase financing
Huchill [Beijing, 2014]: Huchill operates an online platform that targets young
travelers from China. It offers easy financing options to them in the form of EMIs. Libra venture capital, Xianfeng
$1M
Provides a curated list of travel products from multiple vendors. Charges an overdue Huaxing
interest of 1% of EMI for every day of late payment.
Purchase financing
ZIPMONEY [Sydney, 2013]: zipMoney is a provider of innovative credit and payment
solutions to the online retail and services sector. It offers point-of-sale credit of $500
to $10,000 and digital payment services to "prime" or "near-prime" consumers in the
areas of retail, travel, education, cosmetics and elective health. It automates the $1M Victory Park Capital
underwriting and lending process for online credit, while offering a quick and easy
process for new and existing customers. It claims to use the latest technology to make
Purchase financing eCommerce and traditional retail shopping easy for our customers and merchants.
Buddy [Bangalore, 2015]: Buddy provides small sums of loans to students for EMI
based e-commerce transactions. Users have to sign up for a free account with their
college email. Has tied up with major e-com players for fulfillment of products.
Interest rate on loan is not mentioned, and there is a late penalty fee of 1% per day. $500K Tracxn Labs, Blume Ventures
User has to fill a 10 min digital application and Buddy uses an algorithm to understand
basic information about the user. Claims to onboard 8,000 students on a monthly
Purchase financing basis.


Lexiangyg [Beijing, 2015]: Lexiangyg focuses on the second and third tier cities using
the platform to provide purchase finance solutions to the users. The e-commerce
$456K
portal provides products such as luxury bags, cosmetics etc. It is aimed at urban white
collar workers.
Purchase financing
InStore Finance [Cleveland, 2012]: InStore Finance is a financing platform that allows
merchants to finance their customers’ purchases. Merchants who use their program
can prevent loosing big ticket sales when a customer doesn’t have all the money for
$165k Bizdom, Partners HealthCare
the product they’ve carefully picked out, or as often happens, when their customer
doesn’t qualify for traditional financing. It manages the paperwork and installments,
Purchase financing and all the stores have to do is cash the checks it sends them each month.
RedCarpetUp [Gurgaon, 2013]: RedCarpetUp is a YCombinator Summer 2015 startup.
Using the RedCarpet App, customers can get credit for shopping online - be it product
purchase, travel, bill payments, entertainment etc. It does credit scoring and identity
$120K Y Combinator
validation for consumer credit / loan requests using AI. They only require a college-Id
proof in order to get approved for installment plan or EMI. As per their website
Purchase financing customers do not have to pay any interest or fees, if they payback in 30 days.
Quiklo [Bangalore, 2015]: Quiklo is a student and young professional focussed e-

commerce purchase loans platform. Users have to choose products, apply for EMI and
select loan tensure. Loans can range from INR 10K to INR 50K and tensure can range Accel Partners
from 3 months to 9 months. Users can also apply for pre-approval. Team from IIT
Purchase financing Delhi.
Krevido [Bangkok, 2015]: Kredivo is a product of Finaccel and is engaged in providing

retail credit. Users need to put in basic details and there social networking account
Alpha JWC Ventures
details to avail the loans provided by Krevido. Similar to credit cards, it does not
charge any fees for the first month of taking credit.
Purchase financing


FinAccel [Singapore, 2015]: FinAccel is a company which provides credit platform for
online shopping based out of Singapore. The company has its product namely Kredivo Alpha JWC Ventures, 500 Startups,
which claims to use Big Data driven credit risk engine which makes a user eligible to Jungle Ventures, GMO
receive a credit. The platform allows its users to take a loan for a duration for 30 days VenturePartners
Purchase financing without paying any interest.
UUBPAY [Beijing, 2014]: UUBPAY is an online purchase finance tool for consumers.
The user should select different categories of purchases such as travel tickets,
electronic goods, wedding related goods etc. on the mobile application. The user
Angel Plus, Zhisland
profile is then verified before the approval of the loan. The repayment has to be made
within 12 months. Claims to have raised funding from Angel Plus and Zhi Island
Purchase financing Capital.
aplazame [Madrid, 2014]: Aplazame is an online platform that facilitates purchase
financing for online shopping. It provides an option to checkout on the payment page
and extends options to pay in user preferred time period. The payments can either be
made in full at a later data or as instalments. The interest is charged as per the time avesta
period of the loan. Aplazame has obtained an undisclosed investment by Spanish
Venture Capital fund Cabiedes &; Partners and François Derbaix (who is also a co-
Purchase financing founder of Aplazame).
Finomena [Bangalore, 2015]: Finomena is a mobile first purchase finance company.

The app allows users to buy electronic items in flexible monthly installments. Users
Matrix Partners
just have to paste URL from Flipkart, Snapdeal, Amazon or Paytm, and customize their
EMI plan. Founders from IIT Delhi, Stanford.
Purchase financing
geexfinance.com [Shanghai, 2014]: Geex Finance is an mobile purchase finance

platform. It allows users to list the items they want to purchase and provides a mobile
Newsion Venture Capital, Sequoia
application for the same. Once the approval is made, after which the financial
Capital
institutions give the consumer a credit to buy a particular product on a monthly EMI
Purchase financing basis. It has raised Series A round of funding from Sequoia Capital.

PaySense [Mumbai, 2015]: Paysense is a purchase loan checkout solution that
merchants can use for mobile checkout. Consumers can use the checkout solution to
buy the product and pay later. Uses a proprietary risk evaluation and measurement Nexus Venture Partners
software system, Paysense System. Backed by Nexus Ventures. As of Jan 2016, the
Purchase financing company is in stealth mode.
Shoufuyou [Shanghai, 2015]: Shoufuyou operates an online platform that helps in

Shenzhen Oriental Fortune Capital
financing overseas travelers. Targeted at younger generation of users. Covers paying
Management
of air ticket, hotel expenses, among others.
Purchase financing
Silvrr [Hong Kong, 2014]: Silvrr is a mobile-based e-commerce platform, wallet and
purchase financing solutions provider. Customers, on downloading and signing up on
the app, need to verify their details and provide necessary documents. Thereafter,
they need to top up the wallet and then visit the e-comm store to make purchase.
Upon paying the downpayment amount of a product, they are eligible for the
Purchase financing purchase and can pay the instalment on the app any time.
KrazyBee [Bangalore, 2016]: KrazyBee offers EMI based personal loans to students.
Students just have to register on the platform, provide basic details and documents,
select the product from the website or paste link from other e-commerce websites
and choose the EMI plan. Students have to pay 25% of the amount as down payment.
Purchase financing Tenure can range from 3 months to 12 months.
SureCredit [Lagos, 2016]: SureCredit is a voucher financing platform for employees of

selected companies. The employees can get a voucher to purchase an asset or service
pay later over time from their salaries. The tenure of the credit ranges from 1 to 6
months. The goods and services that can be bought includes categories: electronics,
fashion, furniture, travel and household essentials. It is part of a Nigerian Gift card
Purchase financing startup SureGifts.


Flexmoney [Mumbai, 2016]: Flexmoney is an alternative lending startup enabling

credit to consumers. Claims to be working to offer instant credit decision to
consumers just by answering a few simple questions. As of April '16, the company is in
stealth mode.
Purchase financing
BantaPay [Noida, 2016]: BantaPay is a e-commerce purchase loan platform targeted

towards student. Students just have to fill up their profiles and submit PAN/Aadhar
Card, college ID and personal bank account details to get access to credit limit. The
credit limit can be used to buy items from tits website or through any other e-
Purchase financing commerce websites. As of April 2016, the company has not launched its product.
Twisto [Prague, 2013]: Twisto allows users to purchase items and pay the value later
either in each month in full or in flexible installments. Its proprietary risk assessment
engine "Nikita" evaluates hundreds of individual factors and delivers a credit decision
within milliseconds. Twisto provides financial services to consumers by - (i) protection
against flawed “buys” - “Buy now, pay later” service, which is integrated into e-shop
checkouts; and (ii) instant checkout and extra credit - “Shopping Account” service,
which aggregates all purchases in a month, then settled at once or converted into
instalments. It is now offering Nikita to banks to help them make better credit
decisions in the online environment. In 2016, Twisto plans to enter the mobile app
Purchase financing market.
Kuiki Credit [Escazu, 2014]: Kuiki provides two types of virtual credit lines. Easy
installments kuiki : offers revolving credit line under which consumers will be able to
make purchases at affiliated businesses through comfortable fixed installments until
42 months term . Zero interest kuiki: offers the possibility of using the credit line to
pay without interest in stores authorized up to 12 months term. No guarantor
needed. Consumer should be 21 years, monthly income of ¢ 180,000 and three
months of work in the same company or the same profession if it is independent. To
make a purchase the customer must provide a verifier purchase number (NVC) that
Purchase financing can be received from mobile app, site or phone.

Capayable [Eindhoven, 2013]: Capayable is purchase finance service provider, that
allow users to purchase for item online and pay later. The user can decide the
inventory, build a receipt and choose to pay at a later time. Subsequently, merchants
can integrate its API, to offer buyers an alternative payment method. Capayable, is
Purchase financing currently partnered with Experian, Creditsafe etc.
Byjuno [Zug, 2015]: Byjuno is an online payment solution provider to users and
merchants by allowing credit to the buyers during online payments on e-commerce
websites. The service allows users to purchase items for free and pay later with an
appropriate interest rates on the invoice. Credit decisions are made for the merchant
directly and fraud detection. The invoice processing including reminders is taken over
Purchase financing by Byjuno, and guarantees thus equal to the payments.
HiCash [Shanghai, 2013]: HiCash is an online portal for purchase finance of various
products. The users have a ceiling of 100,000 yuan. Some of the areas and products it
supports include digital product, education and training, wedding, automobile,
medical etc. It claims to provide approval in 30 mins and loan is disbursed in 24 hours.
Purchase financing
FerBuy [Helsingborg, 2005]: FerBuy offers purchase financing on the website of

eCommerce retailers. It offers online shoppers an option to buy the goods online and
pay for them after 14 days of product delivery. It also bears the risk of non-payment
and merchant does not have any risk. Its product is available at 3000 e-shops in
Purchase financing multiple countries including Poland, Czech Republic, Singapore
easyhome [Moses Lake, ]: easyhome is a Canada-based lease-to-own company

offering household furniture, appliances and electronics to consumers under weekly
or monthly leasing agreements through both corporate and franchise stores. It is part
of goeasy Ltd. which also has another financial services company called easyFinancial
Purchase financing which offers personal loans.


Paynova [Stockholm, 2000]: Paynova is a purchase finance solution provider for e-
commerce purchasing and payments. It allow users to purchase items from the
participating e-commerce websites and pay later for the purchase. It provides a
complete infrastructure for consumer loans through invoice and payment processing,
Purchase financing as well as from short and direct bank payments.
Whitebridge Financial [Uniontown, 2010]: Whitebridge Financial provides diverse

retail installment consumer financing programs. Each of these programs are tailored
specific to the industry. This helps vendors to increase cash flow and satisfy more
customers.They provide financing options to serve a wide spectrum of credit profiles.
Some of the markets they serve are Healthcare, Travel, Vacation &; Resorts, Medical
Devices &; Products, Career Development etc. Registered providers upload the loan
docs, for approved loans, at whitebridge portal. Provider is funded for contract
Purchase financing directly to his/her bank account.
Arvato Financial Solutions Nordics [ , 1835]: Arvato Financial Solutions offers
purchase financing to online shoppers, payment and collection solutions to online
retailers. The company has around 7,000 employees in 22 countries. It is a part of
Bertelsmann SE &; Co. KGaA as a subsidiary of arvato AG. It partnered with point-of
sales payment solutions provider, Verifone (formerly Point) to allow Finnish retailers
Purchase financing to offer their customers the option to pay with an invoice.
BillSAFE [ , 2008]: BillSAFE offer an invoice purchase option to online customers by

providing online merchants with white label solution. Customers select the item they
want to buy and then they receive an invoice for payment after the item is received. It
is completely risk free for retailers and gives 100% payment guarantee to them.
Purchase financing


payolution [ , 2011]: Payolution offers a white-label invoicing and installment

solutions for online retail. Its product includes omni-channel integration of invoices
and installments. On its installment service it bears the credit risk and pays the
merchant in advance.
Purchase financing
RatePAY [Berlin, 2009]: RatePAY provides payment solutions for installment
payments, invoicing and debit entry in e-commerce purchases by partnering with
online retailers. It bears the risk of default for retailers. It also offers a product called
'Payment Control System' which checks the personal data of online shoppers during
the check-out process in the background before the payment methods available in
the shop are presented to the customers. Offers various checkout pages - API and
Purchase financing Hosted.
BillPay [Berlin, 2009]: It offers three products: Purchase by Invoice, Direct Debit and
PayLater. Under 'Purchase by Invoice', customer can order goods online and pay for
them after receiving the invoice and the goods. Under 'PayLater', consumers can
spread their purchases over months by choosing a financing option between 3 to 24
months. Under "Direct Debit' the amount is directly deducted from customer's
account after the goods are received by him. BillPay guarantees full payment to online
retailers even if the customer pays late or not at all. Its services are available in
Germany, Austria, Switzerland and the Netherlands. It was acquired by Wonga in
Purchase financing 2013.


AfterPay [Heerenveen, 2010]: AfterPay offers post-payment option to customers on
online purchases by partnering with online retailers. It takes care of invoicing and also
bears the risk of non-payment for the retailers. The customer makes a purchase
online and selects 'AfterPay' option at the checkout. Once the customer receives the
order, AfterPay mails the invoice to the customer. The payment becomes due after
14 days from the receipt of invoice. As per its website, it is accepted at more than
4000 e-stores. Besides online post-payment, it also arranges for post-payment in
traditional store by partnering with merchants. In 2014 it became part of the financial
Purchase financing solutions section of the arvato Bertelsmann group.
Divido [London, 2014]: Divido offers customers the flexibility to pay in full after
delivery or spread out the payments over up to 5 years. The merchant is paid right
away. Its services are available at online as well as offline partner stores. The first
payment becomes due after 15 days of delivery. For these initial 15 days customers
do not pay any interest. Some of the sectors it covers include retail, furniture,
Purchase financing healthcare, fashion.
emiBazaar [Chennai, 2011]: emiBazaar is a part of OnEMI. emiBazaar is a horizontal

e-commerce store that allows users to shop on its website and pay later in EMIs. Also
offers EMIs without credit cards. Lending Partners include HDFC, HSBC, CITI Bank,
Kotak, IndusInd, ICICI, Axis, Standard Chartered, SBI Bank, RBL Bank and Bajaj FinServ.
Purchase financing
Home Credit [Jakarta, 2013]: Home Credit provides in-store financing (direct non-
cash loans in retail outlets) to qualified customers looking to purchase consumer
durable goods such as home appliances, electronic goods, mobile phones and
furniture. It also provide cash loans, credit cards and revolving loans mainly to existing
Purchase financing customers who have established their creditworthiness with the company.


Touch Payments [Sydney, 2013]: Touch Payments offers a "pay later" solution for
buyers for online purchases. The buyer selects the Touch Payments' option at the
checkout page, and selects whether to pay at the time or up to 16 days later. The
merchant is paid after the goods have been delivered.
Purchase financing
Waltonpay [Delhi, 2015]: WaltonPay is allows users to buy now and pay later in
installments. Founding team is from IIT Delhi. As of Dec 2015, the company is in
stealth mode.
Purchase financing
ePayLater [Mumbai, 2015]: ePay Later is a e-commerce purchase loan company in

stealth mode.
Purchase financing
Fastbanking [Mumbai, 2015]: Offers two solutions - 'FastLoan' &; 'Insta Personal
Loan'. FastLoan is pre-approved e-commerce purchase loan service and Insta Personal
Loan is a personal loan marketplace offered by Fastbanking. The company is planning
to launch an eKYC platform. Users can select FastLoan as a payment method at
partner merchant sites. Offers API which can be integrated into merchant's website.
Plans to use multiple data points to leverage person's credit worthiness. Partnered
Purchase financing with CaratLane, EduPristine &; ShopMonk for its FastLoan service.
99 Fenqi [Shanghai, ]: 99fenqi which translates to "99 installments" is an online
electronics retailer that provides installment plans for users when they make a
purchase. It does not sell items above market price but instead charges interest on
the amount lent. It charges a daily fee of 1% of the remaining amount in case of late
payments. Primarily targeted at students. Claims to have raised millions of yuans of
Purchase financing funding in Series A and B

LeaseItKeepIt [Phoenix, 2013]: LeaseItKeepIt makes internet shopping more
affordable with easier payment terms. Rather than making layaway payments and
waiting until those payments are completed to receive merchandise, LeaseItKeepIt
has designed a payment option where you get goods rightaway and pay later.
Shoppers can enjoy more time to pay for their purchases by using our "90 days same
as cash" financing, or stretch their payments over 12 months, by paying a bit more.
For those shoppers that decide they don’t want to keep their item, they can also
Purchase financing return them after a minimum number of payments, and owe no further money.
NCash [Gurgaon, 2013]: Developing an alternative payments instrument for

consumers. Enables a cycle of free and instant payments. The product is yet to be
launched.
Purchase financing
Simpl [Mumbai, 2014]: Simpl is a credit based payments startup. Payments can be
made by consumers with the partnered merchants using phone number and a pin for
a faster checkout. Employs fraud detection algorithms and notifies via SMS every time
a purchase is made. Offers interest free credit for a time frame of 14-45 days. Helps
track purchases, upcoming payments and account activity. Merchants can partner
Purchase financing with Simpl to enable their consumers to pay for purchases through Simpl mobile app.
Zest Money [Mumbai, 2015]: Zest is a consumer digital lending platform. It partners
with e-commerce companies to enable financing at check-out, helping the merchants
convert more customers, increase average order size and reduce cash collection
cycles. Also it enables instant account opening and credit decision for customers
transacting online, as well as fully automated loan servicing and collections
Purchase financing technology.


FuturePay [Lehi, 2013]: FuturePay is an instant credit option that enables consumers
to shop online without a credit card. The customer adds items to their cart and selects
FuturePay when they check out. Once the order is processed, FuturePay pays the
merchant the full amount upfront. Customers settle their balance directly with
FuturePay and pay in flexible monthly payments. It charges customers a fee of
Purchase financing $5/month for every $500 of carried balance.
Tempoe [New Hampshire, 2009]: TEMPOE provides lease to own, and other finance
products for retailers for appliances, furniture and electronics. Customer will make
their first payment at the time of the sale and the remaining payments for the 5
month minimum term are scheduled. Once the 5 months is up customers will have 3
options: Purchase the items, continue making payments or return the merchandise to
TEMPOE. Early purchase options at 30, 60 and 90 days are available to customers.
Purchase financing TEMPOE charges retailers a discount fee on the cash price of the lease items.
Creddy [London, 2014]: Creddy offers a revolving credit for cross-border internet
retail purchases. The initial focus markets are Denmark, Finland, Sweden, Estonia, and
Lithuania.
Purchase financing
Affirm, Inc. [San Francisco, 2012]: Affirm is a millennial focused financing platform
offering Point of Sale loans to online shoppers. Its proprietary underwriting model
processes borrower's data, sourced from merchant's website via an API, along with
Founders Fund, Nyca, Silicon Valley
data points from alternative sources, like social networking websites, to arrive at a
Bank, Khosla Ventures, Andreessen
credit decision. The company monetizes from the interest charged on the loans and $420M
Horowitz, Lightspeed Venture
the processing fee charged from merchants. It also offers a single usage credit card
Partners, Jefferies, Spark Capital
which can be used at non-partner merchants' websites. It is breaking into student
loans for coding, design and business bootcamps from General Assembly, Bloc,
Purchase financing - B2C Kaplan’s Dev Bootcamp and Metis after the $275 M funding round.


Paypal Credit [Lutherville-Timonium, 2000]: Paypal Credit (f.k.a Bill Me Later) is a
provider of payment and marketing technology solutions to multi-channel retailers. It
offers PayCapture, a set of credit tools and Bill Me Later that enables customers to
Kingdon, Amazon, Azure, Crosspoint
pay for purchases without providing credit card information. The company allows $100M
Venture Partners, Upfront
users to increase their credit line as they continue to make purchases and get access
to special offers, such as six months special financing. It provides services for
Purchase financing - B2C Comenity Capital Bank, the lender of PayPal Credit accounts.
Stone Investment Group, TTV Capital,
This website and the information and
Financeit [Toronto, 2007]: Financeit works with small and medium-sized businesses
materials contained in it do not
and larger enterprises to offer customers flexible payment plans for large purchases.
constitute or form part of any offer to
By giving customers additional payment options, it helps businesses increase close
sell or a solicitation of an offer to
rates and transaction sizes. Offers lower interest charges than most credit cards. Since $23.91M
purchase or subscribe for any
launch in 2011, has signed up over 3,800 retail, vehicle, home improvement and
securities in the United States or any
healthcare businesses who have processed more than $825 million in loans in Canada
other jurisdiction in which such offer
and United States.
or solicitation would be unlawful, IA
Purchase financing - B2C Capital Group, BEST Funds
Zibby [New York City, 2012]: Zibby is a alternate lending platform that offers 'lease-
to-own' financing on online shopping products purchased by e-commerce shoppers. A
Entrepreneurs Roundtable
shopper needs to register on Zibby and apply for 'lease-to-own' financing for a
Accelerator, Tribeca Venture Partners,
particular item he/she wishes to purchase. The platform will use proprietary $22.53M
Metropolitan Equity Partners,
algorithm to process the application and then determine the lease term and monthly
Blumberg Capital, Victory Park Capital
repayment terms. Zibby is a venture by Cognical, Cognical raised $10 million and
Purchase financing - B2C launched Zibby in November, 2014.
Bread Finance [New York City, 2014]: Bread Finance is an online financing platform Maveron LLC, Cue Ball, Bessemer
for e-commerce purchases. It allows people to purchase products online on Venture Partners, BoxGroup,
$14.3M
instalments without the use of credit card. The eligibility of a person is checked by Greycroft Partners, Red Swan, RRE
pulling the credit score. The loans on Bread are made by Cross River bank. Ventures
Purchase financing - B2C


PayLater [Bryanston, 2012]: PayLater is a bidorbuy and VentureCapitalworks initiative
that facilitates personal loans through third party registered credit provider, GoLoans
(Pty) Ltd. PayLater offers purchase finance for online shopping within a range of R500
to R8000. Bidorbuy shoppers are able to apply for credit in order to finance their
Purchase financing - B2C online shopping on the bidorbuy platform through monthly repayments to GoLoans.
GreenSky [Encino, ]: GreenSky is a third party service provider and program

administrator to federally insured, federal and state chartered banks that provide
consumer loans under the GreenSky programs. It helps businesses grow by giving
them the ability to offer credit to their customers. GS works with bank partners to
provide GreenSky® program loans to customers in their merchants, provider, and
retailer networks nationwide. It offers installment loans and revolving credit products
to customers ranging from the world’s largest and most demanding businesses, to
$360M TPG Capital
small and medium businesses, and consumers nationwide. It has a simple 3 step
process: Customers apply by phone, online through the program website or on the
mobile app. Credit decisions are delivered within seconds; approved customers
receive a GreenSky account number and loan agreement from lender. Merchants can
use the customer’s GreenSky account number to process the payment just like a
credit card. No prepayment penalties and no interest rate charged if loan is fully
Purchase financing - B2C - Marketplace repaid during promotional period.
Vyze [Austin, 2008]: Vyze is a cloud-based financial technology company that enables
retailers and manufacturers to offer financing to their customers. It offers businesses
$35M StarVest Partners, Austin Ventures
financing technology as well as financing partners. It offers purchase financing
solutions for mCommerce, eCommerce and in-store purchases.
Purchase financing - B2C - Marketplace


Splitit [New York City, 2009]: Splitit enables both ecommerce and brick &; mortar
merchants to offer interest-free monthly installment payments to their customers at
the point of sale. Customers do not have to apply for a new credit line or qualify for a $22.5M
new credit card. Splitit works on their existing credit cards. Splitit is a registered TPSP
Purchase financing - B2C - Marketplace of Wells Fargo, Walnut Creek, CA, and The Bank of America, Charlotte, NC.
Best Friends Credit [Santa Monica, 2014]: The Best Friends Credit offers consumer
loan product that provides instant credit from $500 to $35,000 to pet owners for
unplanned and emergency veterinary expenses. They pay the veterinary practice
$1.53M
directly. They provide lead generation and point of sale loan origination, and don't
underwrite credit, service or fund consumer loans. As per their website they plan to
Purchase financing - B2C - Marketplace launching in 2016.
Pay4Later [London, 2008]: Pay4Later is a lending platform offering purchase
financing for both online and in-store purchases. It offers a multi-tier, multi-lender
platform which approves more people and extends higher credit lines this enabling
higher ticket sizes. It has one application form to be filled by borrowers, while
applying for the financing, which is forwarded to multiple lenders. Some of its lenders MissionOG
include Close BrothersRetail Finance, Ratesetter, Shawbrook Bank and Omni Capital
Retail Finance. In August 2015, it launched Platform as a Service (PaaS) which allows
established banks and finance companies to white-label its ‘point of demand’ lending
Purchase financing - B2C - Marketplace platform.
LendingUSA [Sherman Oaks, ]: LendingUSA is a technology platform specializing in

point-of-sale and direct-to-consumer financing solutions for the medical services,
consumer goods, bridal, pet and legal services markets, among others. It offers loans
from $1,000 to $35,000. It has multiple lending partners and the loans are originated
Purchase financing - B2C - Marketplace by Cross River Bank, a New Jersey State Chartered Bank.


First Look Approval [San Diego, 2012]: First Look Approval is an online purchase
financing platform. It offers an API which is integrated on online merchants website. It
is integrated with multiple lending programs, giving merchants and borrowers more
options of financing.
EasyCrédito [Goiania, 2014]: EasyCrédito is a credit marketplace which connects

people who want to make purchase on EMIs, to retailers who want to sell on
installments.
CreditBlitz [Cornwall, 2015]: CreditBlitz is a B2C marketplace for purchase finance for
items valued over $1000 for both offline and online purchases. They specialize in
financing leisure items to Canadian residents with bad credit. Interest rates vary from
9.9% – 29.9%.
CashCare [Mumbai, 2014]: Credit lending platform for consumers to enable them
make eCommerce purchases and pay for purchases over 6 month EMIs. Users can
choose CashCare interest free EMI as their payment option on the eCommerce portal,
get approved, provide verification documents to initiate the EMI based payment.
Currently has partnered with FabFurnish, ShopClues, ShopMonk, Edureka, Dezyre,
Purchase financing - B2C - Marketplace Sports365, Credr.
Digital Origin [Barcelona, 2011]: Digital Origin operates an online transaction
platform for consumer credit. It has created loan origination technology platform that
enables real-time, dynamic, instant, paperless credit transactions. It offers two
consumer loan products: QueBueno.es (payday loans). PagaMasTarde.com (instant $17.1M Prime Ventures
credit at for eCommerce transactions). It also has a payment gateway Pagantis for
businesses to accept payments.Pagantis has been recognized as a payment institution
Purchase financing - Direct Lender by Bank of Spain.

PayJoy [California, 2015]: PayJoy facilitates finance for consumer electronics,
changing an up-front purchase into a monthly installment plan. This applies to
everything from televisions and smartphones to microwaves and air conditioners.
Customers register for PayJoy at a local merchant with their Facebook account, phone
$3.3M Red Swan, Metamorphic
number, and government issued I.D. Customers choose a product, make a reasonable
deposit, and choose the 3, 6, 9, or 12 month payment plan that works for them. It has
a technology that locks devices unless a monthly payment is made, improving
Purchase financing - Direct Lender customer payment rates.
Brilliance Credit [Troy, 2014]: Brilliance Credit provides consumer financing for the
independent jewelry, pawnbroker and other specialty retail and services markets. It
assists local and independent jewelers to bring financing options to users. Unlike the
Visa or Discover card, this financing is available under a retail installment contract in $500k
which user can make fixed monthly payments. It can provide a pre-approval, based on
information from user's credit application and past credit history. A co-borrower may
Purchase financing - Direct Lender be added as well. It works with many first-time credit buyers.
PagaMasTarde [Madrid, 2011]: PagaMasTarde allows customers to buy now and pay
later in easy installments spread over 2 - 12 months. Sellers can benefit from
increased conversions in their sales process by integrating pagamastarde in his
shopping cart. When the user completes the process, it confirms his identity with a
minimum collection of data. The user enters a debit card to process monthly
payments. The first installment immediately loaded onto the user's card and other
fees are pending for the following months. It will transfer the entire order amount to
the seller once user completes the entire process. Has issued more than €100M in
Purchase financing - Direct Lender loans to date.


Purchasing Power [Atlanta, 2001]: Purchasing Power is a e-commerce business that
provides employers a unique benefit to offer their employees: the opportunity to
leverage their paychecks to buy big ticket consumer goods regardless of credit
score.Employees can shop thousands of brand name products, vacation packages and
educational services. Payments are automatically deducted over time from your
paycheck. No credit checks are done. It secured $127M credit facility from
Purchase financing - Direct Lender Rockbridge Equity and Falcon Investments in 2011.
Afterpay [Melbourne, 2014]: Afterpay allows on-line shoppers to receive their goods
today and pay for them after delivery or over time. It pays the retailers on customer's
behalf. Customers can use any of the two payment products:Try before you pay -
receive goods and then pay for them 30 days after you ordered themPay over time -
pay for goods over 4 interest free installment payments within a 60 day periodService
is available at all retailers listed in its Shop Directory. They charge late payment fee of
$10 and a further late fee of $7 if the payment is not made within 7 days. Afterpay
currently accepts Mastercard and Visa credit and debit cards issued in Australia. It has
partnered with ASX-listed technology and payments company Touchcorp to analyse
Purchase financing - Direct Lender risk in real-time during the purchase process.
Glomoney [Nairobi, ]: Glomoney is an online purchase financing company that allows
users to buy products online or in-store and pay for up to 4 months post the
purchase. User goes to a shop and notes down the details of the product which are
later filled in an application form. Glomoney then purchases the product on behalf of
the user and the user pays for the product for the specified time period, as mentioned
in the application form. It charges an interest of 15% for loans or a fee of 0.5%
Purchase financing - Direct Lender compounded daily.
Meili Jirong [Beijing, 2015]: Mljr is a consumer financial services company. They
currently finances the borrower side, to buy a used car, electronic products on a
GX Capital, Morningside Group,
monthly installment services. CEO claims that the borrower's true purpose is known
$65M Jingdong, Bertelsmann Asia
and the customer at the scene is actually provided a commodity rather than cash is an
Investment Fund
accurate model. It has raised series A round of funding. Team comprises of Co-
Purchase financing - P2P Marketplace founder of Yooli.com, a P2P lending platform.

Installments [San Jose, 2014]: Installments enables anyone to buy or sell any product
or service in installment plans. Sellers list their offerings on the platform where
$2M
consumers make purchases. The consumers make periodic payments to the platform
and platform makes bi-monthly payments to the sellers.
Purchase financing - P2P Marketplace
Buy That For Me [Manchester, 2015]: Buy That For Me is a P2P marketplace wherein
people publish what they want to purchase and creditors browse and choose one of
such publishings. The creditor contacts the requester to know his situation and makes
an offer. If the offer is accepted by the customer, a contract is signed; and the creditor
purchases the good and arranges for its delivery. Once the goods are received by the
Purchase financing - P2P Marketplace customer, he is bound by the contract to repay specific amounts at specified times.
Dashu Finance [Shenzhen, 2014]: Dashu Finance provides unsecured loans and
financing services for small and micro enterprises. It currently operates in six Chinese
cities, and provides loans to small business owners, university graduates, government $92.8M PAG, Sequoia Capital
workers and others. It claims to have issued over 400,000 personal and small
Micro Loans enterprise loans with over RMB80 billion in total loan value cumulatively.
Branch [San Francisco, 2014]: Branch allows access to credit over a smartphone in
emerging markets. Users send their critical data to the application, which is then used
in making a credit decision. Allows inviting friends which in turn increases user's Khosla Impact, Formation, Andreessen
$10.6M
ability to access quick, fast loans. Once approved, Branch sends loan within 24 hours Horowitz
which can be paid back over a few weeks. Once a loan is paid back, it increases user's
Micro Loans eligible for larger, cheaper loans into the future.


Vittana [Seattle, 2009]: Vittana provides loans to a select group of international
partner organizations. The partner microfinance institutions (MFI’s) are responsible
for meeting with students, disbursing microloans, and collecting repayments.
Vittana’s role is to provide capital to the MFI’s. These loans related to the receivables
mature at various times over the life of the fund and are repaid to Vittana upon
repayments from students. In 2014 it entered into "Strategic Alignment Agreement"
with Kiva, which moved Vittana's web-based, peer-to-peer lending activities for
Google
higher education loans to Kiva. Loans raised by Vittana's microfinance partners for the
purpose of higher education on the Kiva website include the Vittana logo on the
webpage for each loan. Under this agreement, Vittana will continue to provide the
necessary consulting and technical assistance to microfinance institutions interested
in establishing higher educational loan products. Starting on April 7, 2014, Vittana no
longer provides the ability for lenders to make new higher education loans on the
Micro Loans Vittana website.
M-pepea credit [Nairobi, 2011]: M-pepea credit is an automated credit system that
provides small emergency loans. The service uses Safaricom’s M-pesa system to
disburse cash instantly wherever the borrower has mobile service. As of May 2016,
the website of the company is not operational.
Micro Loans
4G Capital [ , 2012]: 4G Capital is a micro-credit provider which offers unsecured debt

funding to self-employed informal market traders. Its proprietorial end to end credit
management systems can be integrated with any mobile money platform.
Micro Loans


Blossom [San Francisco, 2014]: Blossom provides blockchain based micro-loans to

businesses through their netowrk partners. Operating in beta mode as of December
2015.
Micro Loans
Ellis Microfinance [Tema, 2006]: Ellis Microfinance provides small loans and financial
products to lower income and working people in Ghana who have no realistic access
to traditional banking and related services. They provide special loans designed for
small-scale entrepreneurs and family-owned businesses, which directly enable
Micro Loans expansion and sustainability of businesses.
Ndiza Finance [ , 2009]: Ndiza Finance (Pty) Ltd is an innovative social and
developmental business, providing funding to viable micro and small businesses,
thereby unlocking the true spirit of entrepreneurship amongst the poor in South
Africa. Ndiza Finance offers non-financial support in terms of providing technical
support and training (providing financial literacy, product development and
Micro Loans marketing).
Blossom Finance [Jakarta, 2014]: Blossom, relocated from San Francisco to Jakarta,
collects money from investors who are willing to lend to entrepreneurs. Blossom
forwards the fund to a microfinance institution, which in turn gives the fund to the
entrepreneur. After a 12-month investment cycle, Blossom collects profits from the
microfinance institutions and distributes them back to the investors. All the money
transfers are via Bitcoin and investors/ partners are chosen based on Islamic
Micro Loans principles.
MoneyVeo [Kiev, ]: Moneyveo is an online microfinancial company in Ukraine.

Individuals can borrow upton 8000 UAH.
Micro Loans

Kueski [Guadalajara, 2012]: Kueski is an online, short-term, micro-loan provider for CrunchFund, Core Ventures Group,
people in Mexican Republic. It provides loans up to $2,000 MXN for a period of up to Auria Capital, Rise Capital, GAIN
30 days. Thw loan authorization is done with 10 minutes and fund are disbursed in $11.3M Guadalajara Angel Investor Network,
about 2 hours from the authorization. The company has become the fastest growing Angel Ventures, Richmond Global,
Micro Loans - Direct Lender platform of its kind in the region. Victory Park Capital, Variv
Accion [San Antonio, 1994]: Accion is a multi-state nonprofit microfinance company

and small business lender that helps new and existing entrepreneurs successfully
grow their businesses. It offers its services in States of Alabama, Arkansas, Kentucky,
Louisiana, Mississippi, Missouri, Tennessee and Texas.
Micro Loans - Direct Lender
Batian Capital [Nairobi, 2015]: Batian Capital is a non deposit taking micro finance
institution registered as a private limited company in Kenya. They provide quick cash
flow solutions to entrepreneurs and small to medium sized businesses in Nairobi,
Kenya. They lend to businesses and business owners who have been in operation for
Micro Loans - Direct Lender at least six months and keeping accurate records in addition to a bank account.
Makanda Finance [ , 2010]: Makanda finance is a direct lender in South Africa. It short
term online loans ranging from R150 - R5000 and up to 3 months.
Micro Loans - Direct Lender
9FBank [Beijing, 2006]: Jiu Fu was founded in 2006, to provide users with personal
finance, and credit to small and micro businesses. through a P2P model. The platform
offers investment opportunities to users to invest in various loans and diversify their $114.6M IDG, Grandis Capital, SIG
portfolio. The platform uses FICO score to determine the credit rating of a particular
Micro Loans - P2P Marketplace application while processing.


Shoujidai [Shanghai, 2014]: Shoujidai is a mobile short-term borrowing app that
allows users to borrow up to 5,000 RMB on a 30-day term to serve as your reserve
Blue Lake Capital, Zero2IPO, Sequoia
fund. The app has exceeded over one million downloads and as of August, 2015 the $45M
Capital
site has loaned out over 40 million yuan, with almost 40,000 new loan applications
Micro Loans - P2P Marketplace being processed monthly.
Kiva [San Francisco, 2005]: Kiva is a nonprofit, personal micro-lending site that
facilitates loans between lenders and low-income entrepreneurs in developing
countries, using local lending companies and organizations as intermediaries. Lenders
can find the business and entrepreneur they want to lend to based on region, $9M
business type, risk level, etc. Kiva runs on donations provided by the site's users. Since
inception in 2005, Kiva has raised over $9 million dollars from angel investors and
Micro Loans - P2P Marketplace grants.
Milaap [Bangalore, 2010]: Milaap is an online fundraising platform that enables
people around the world to fund and impact communities in need of basic facilities in
India. Milaap is the world's first online microlending platform that enables non-
Indians, non-resident Indians (NRIs) to make a loan to India. The loans are given out Lion Rock Capital, Jungle Ventures,
$1.35M
to borrowers at interest rates of 12-18%(50% lower than existing interest rates First Light Ventures, Unitus Seed Fund
available to microcredit borrowers.) After the loan has been repaid, it will be returned
to lenders as Milaap credits which they can either withdraw or re-lend to other
Micro Loans - P2P Marketplace borrowers.
Lendahand [Rotterdam, 2011]: Lendahand is a P2P lending platform where can lend
money to entrepreneurs in developing countries. The lenders can get an interest rate
of 3%-4%. The minimum amount to be lent on the platform is €50. The Lendahand $0.9M
Foundation also trains entrepreneurs in small and medium-sized enterprises in
Micro Loans - P2P Marketplace upcoming markets.


Zidisha [Sterling, 2009]: Zidisha is a peer-to-peer lending service to connect individual
lenders directly with microfinance borrowers in low-income countries. Zidisha is
based on the conviction that small-scale entrepreneurs in developing countries are
capable of interacting responsibly with peer-to-peer lenders via a self-regulating web
platform, without needing local intermediaries to communicate and manage loan
transactions on their behalf. The loan applications and comments posted on Zidisha’s Y Combinator
loan pages are written by the borrowers themselves. This opens the way for dialogue
between lenders and borrowers, so that lenders can receive answers to their inquiries
about the loan and business directly from the entrepreneur they are funding. The
average Zidisha borrower pays only about 8% (flat rate) in annual interest and fees,
Micro Loans - P2P Marketplace including interest paid out to lenders.
Pi Slice [Dubai, 2012]: Pi Slice is an online micro lending platform in MENA region. It
operates through a connecting system that links individuals and companies who wish
to invest - with MENA based MFIs - which in turn use the funds to provide micro-
credit to their customers.
Micro Loans - P2P Marketplace
51Give [Beijing, 2007]: 51Give aims at helping individuals and claims to make sure
that the lender knows what and who their money is being used for. 51give is
dedicated to lending money to chinese social entrepreneurs as well as to rural and
urban families to power their lives with renewable technologies. Currently running
programs in half a dozen Chinese provinces (coastal, rural and urban areas). Claims to
be amongst the first to bring sustainable microfinance to China and to provide brand
Micro Loans - P2P Marketplace new solutions to the country’s poverty and sustainable development issues.
LendforPeace [New York City, 2008]: LendforPeace is a not-for-profit Internet
platform that allows individuals to make small loans to specific micro-entrepreneurs
in the Palestinian Territories. Their mission is to use micro-lending to promote
economic opportunity and political stability in the Middle East. LendforPeace.org is
supported by grants from the Clinton Global Initiative, Ashoka Youth Venture, and
Micro Loans - P2P Marketplace Davis Projects for Peace.


GandengTangan [Jakarta, 2015]: GandengTangan is a P2P lending platform with a

focus on social impact in the society as it facilitates no interest loans to its borrowers.
The platform connects entrepreneurs as the borrower with the common people of
Indonesia as the lenders who can manage to lend money for a cause.
MicroGraam [Bangalore, 2009]: Online P2P micro-loans lending marketplace
platform. Lenders can browse through the profiles of various borrower profiles and
lend amount at a set interest rate return. The borrowers mainly comprise of rural
population such as farmers and local store businesses who are low income borrowers.
The lender will get quarterly repayments into the ‘My MicroGraam’ account. On the
supply side, the company's model includes partnering with individuals, foundations
Micro Loans - P2P Marketplace and financial institutions. Claims of 100% repayment rate till date.
p2p Microfinance [Pilani, 2010]: The aim of p2p Microfinance is to connect financially
deprived people in to mainstream credit via platform through which socially conscious
investors can lend money to low-income borrowers. Various NGOs and other
institutions also have access to upload the profile of selected poor entrepreneurs on
the website. The lender can stand guarantee to a certain amount and lend at interest
Micro Loans - P2P Marketplace rates of about 12 to 15 percent.
WeCareIndia [Gulbarga, 2011]: WeCareIndia is an online platform which allows

registered lenders to lend money to poor people. Borrowers return the money and
the lenders get an interest on their investment based on the repayment schedule of
the borrower.


RangDe [Bangalore, 2008]: Rang De is a non-profit organisation that allows
individuals to lend money to Indians from low income households that require a small
amount of money (microloans) to start or grow a business. Money can be lent in the
form of a social investment through Rang De's on line portal. Rang De disburses loans
to its borrowers through its field partners (usually NGOs) across India. Social
investments will be repaid with interest at the end of a loan tenure (typically one or
Micro Loans - P2P Marketplace two years). Raised funding from Tata Trusts in September, 2015.
MyC4 [Copenhagen, 2006]: MyC4 provides an online lending platform for investors to
lend microloans to businesses in Africa. An investor signs-up on the platform and
uploads money in their account. An investor can then browse through different loan
queries and invest in the loans they prefer. The minimum investment amount is €5.
Kubaru Microfinance [London, 2011]: Kubaru is an online, P2P, micro-lending
platform enabling lenders to support entrepreneurs in locations recovering from
disasters such as natural disasters, man-made disasters or naturally occurring
situations like draught/famines/floods etc. It allows users to lend as little as £10 to
enable borrowers to start/expand their business. There is no upper limit on the
amount that can be lent through the platform, and borrowers from developing
Micro Loans - P2P Marketplace countries are charged an interest rate between 15-30%.
LendFu [San Francisco, 2013]: LendFu is an online lending marketplace that invites
retail investors to fund loans and borrowers to apply for personal and payday loans.
The platform offers micro-credit worth up to $1,000, for a term not exceeding 6
months. Lendfu levies several fees on every application such as schedule fee,
Micro Loans - P2P Marketplace transaction fee, payment fee, late fee, and more.


Abu Dhabi Finance [Abu Dhabi, 2008]: Abu Dhabi Finance is a offers medium and
long-term loans to owner-occupiers and investors seeking to finance the acquisition
or re-finance of residential or commercial property. It serves both the Abu Dhabi and
Dubai markets and is backed by Mubadala Development Company.
Mortgage Loans
PartnerOwn [ , 2014]: PartnerOwn provides funds for a new form of residential

mortgage arrangement, the Shared Responsibility Mortgage (SRM). The SRM protects
borrowers by reducing monthly payments when market prices decrease in exchange
for a minor share of the house price appreciation at the time of sale. As of August
Mortgage Loans 2015, the company is still in development mode.
Expedite Financial [San Francisco, 2014]: Expedite is a modern, end-to-end lending

platform that eliminates the need for middlemen from the system. Its platform
aggregates all the financial data of a user and gives a clear analysis of the financial
health of the user. As of August 2015, Expedite is in development mode.
Mortgage Loans
Rate Gator [Saratoga Springs, 2015]: Rategator is an online mortgage marketplace
which allows borrowers to set their own mortgage terms with the help of the
"RateGator Build Your Offer" tool. Borrowers use the tool to set their preferred
interest rate, term, down payment, and program type; their offer is then made
available to approved loan officers for acceptance. When building their offer,
borrowers create a profile with information like their credit score, income and price
range. To give borrowers an idea of what is a reasonable offer (meaning what is likely
to be accepted by a loan officer in their area), RateGator serves up a range based on
offers made by borrowers with similar financial statistics that have recently been
accepted. If a borrower’s offer is accepted, RateGator connects them with the loan
officer that accepted their offer on the best terms. This whole process is completed
Mortgage Loans within hours of the borrower submitting an offer.


SK Ventures, Lakestar, Structure,
Lenda [ , 2012]: Lenda (formerly GoRefi) is an alternate lending platform that gives
Rubicon Ventures, 500 Startups,
home owners the option to refinance their mortgage. Home-owners needs to enter a
ZenStone Venture, First Ascent
few details along with their zipcode to attain a valuation of their homes. Lenda then
$5.22M Associates, Rubicon,
uses its proprietary algorithm to recommend the optimal refinancing option for the
MonthlyVentures, Winklevoss Capital,
case. The platform claims to have expedited the process of refinancing a mortgage
Galvanize, Cherry Ventures, China
and also reduce the cost involved.
Mortgage Loans - B2C Growth Capital
ditech [Fort Washington, 1995]: Ditech is an alternate lending platform that helps
borrowers finance or refinance their homes through mortgages. The platform can
lend upto 80% of the value of the property, any principal exceeding will lead to a
private mortgage insurance to be paid by the borrower. The interest rates charged by
the paltfrom vary with every application, and are usually set after looking at
parameters such as down payment provided, credit rating, property value, among
others. The down payment expected from borrowers ranges from 5-20%. Ditribe
charges closing fees that are for services provided by third parties. Ditech is owned by
Mortgage Loans - B2C Walter Investment Management Corporation, a publicly traded company.
RatesForUs [Philadelphia, 2015]: RateForUs is a marketplace for mortgage loans. The

lenders on the marketplace have agreed to limit what they charge in interest and
borrowers can decide if and when they wan to release their personal contact details.
Mortgage Loans - B2C - Marketplace
Magiera Mortgage [Chicago, 2015]: Magier Mortgage is a platform for applying for
mortgage loans. The loan process is broken up into 6 parts: The Documentation Stage,
The Apprasial Stage, The Underwriting Stage, The Conditional Approval Stage, The
Clear-To-Close Stage, and finally the Closing Stage. Partners with Lender one financial
Mortgage Loans - B2C - Marketplace corporation and equity housing lender for loan origination.


bijBouwe [Amsterdam, 2015]: Bijbouwe is customer-focused mortgage lender in the
Netherlands. They let clients get mortgage in different ways: from scratch, with the
support of one of our consultants, or with their own independent advisor.bijBouwe
links the consumer demand for mortgage money directly to the offer of institutional
investors such as (Dutch) pension funds and insurers. While approving the loans it
does not only look at client's current income and obligations, but also to his future
Mortgage Loans - B2C - Marketplace income and obligations.
Homeloans [Perth, 1985]: Homeloans provides home loan solutions to borrowers and
brokers alike. It specializes in home loans and have a wide range of products to meet
the needs of all types of customers, from first home buyers to investors. They source
funds through various wholesale lenders, including large financial institutions. They
provide different types of loans like Fixed rate home loans, Variable rate home loans,
Split home loans, Interest only home loans, Line of credit home loans, Bridging loans,
Mortgage Loans - B2C - Marketplace Lo doc home loans for self employed borrowers.
loanDepot [Foothill Ranch, 2010]: Loan Depot is a direct lender for consumer loans
including personal loans, home loans and home equity loans. It offers unsecured
personal loans of up to $35,000 with interest rate starting at 6.2%. It also extends
$71.95M
home acquisition and refinancing loans such as ARM Loans, FHA Loans, HARP Loans,
Jumbo loans, VA Loans and fixed mortgages. The company also plans to start home
Mortgage Loans - Direct Lender equity offering between $25,000 and $250,000 for a fixed term of up to 30 years.
Better Mortgage [New York City, 2014]: Better Mortgage is a direct lender for
mortgage loans. It offers both fixed and adjustable rates for conventional and jumbo
loans to finance properties like Single-family homes, Townhouses, Condominiums and
Planned Unit Development (PUD).Users can apply online and get pre-approved Global Asset Capital, A Ventures,
$22.1M
without affecting their credit score. Once the loan has been funded, it transfers the Capital
loan to an investor, who provides servicing of the loan. It originates mortgages in
California, Oregon and Washington. It has originated over 10,753 mortgages totaling
Mortgage Loans - Direct Lender $4.76 billion in funding as of May 2016.


Privlo [Pasadena, 2011]: Privlo is an online lender for well-qualified borrowers who
have fallen through the cracks inherent in the traditional agency and qualified
mortgage (QM) process. The loans are made to borrowers to buy or refinance their
homes. The interest rates are usually 6% and can rise up to 9.75%, depending on the $8.6M QED Investors, Spark Capital
risk factors involved in a borrower's application. Privlo is currently active in 12 states
of USA. The company raised over $350M in debt, in July 2014, for growing its lending
Mortgage Loans - Direct Lender operations.
Quicken Loans [Detroit, 1985]: Quicken Loans (f.k.a. Rock Financial) is a lending
solutions provider for real estate owners. The platform offers several loan products to
finance or refinance one's home, these include options such as adjustable rate
mortgage, FHA loans,VA Loans, ARM Loans, Jumbo Loans, 15 year mortgage, reverse
mortgage, and more. The portal has closed more than $140 billion in mortgage loans
in 2013-2014.In May 1998, Gilbert (Founder) took Rock Financial public. In December
1999, Intuit Inc. purchased Rock Financial for $532M and renamed it back to Quicken
Loans. In June 2002, Gilbert purchased the Quicken Loans subsidiary back from Intuit
Mortgage Loans - Direct Lender for $64M.
Ventana Loans [Gilbert, 2015]: Ventana Loan Services LLC is a full-service mortgage
company that provides a wide range of residential mortgage loans products.For
borrowers with credit challenges like a low FICO score or a foreclosure, Ventana has
programs that can help provide a pathway to home-ownership. The underwriting
criteria for such loans includes Low down payment requirements, Minimum credit
score of 550, 30-year fixed loan, No prepayment penalty, No mortgage insurance
required. Ventana Loan Services offers seller financing on their proprietary portfolio
of affordable homes that are newly remodeled and move in ready.Seller financing is
when a seller of a home helps to finance the purchase of the home. The seller
Mortgage Loans - Direct Lender essentially acts as the lender.


B.E. Lending [Phoenix, 2015]: BE lending specialize in providing short-term, private
money loans to Real Estate investors throughout Arizona, North Carolina, Colorado,
and Oregon. Loans can be for financing a purchase or for cashing out of an existing
property. Loans are Asset-Based. There is generally no credit or income check. When
you work with us, you are dealing direct with the lender. We have the ability to move
Mortgage Loans - Direct Lender quickly while customizing a loan that fits your needs.
Landbay [London, 2013]: Landbay is a P2P platform for retail investors in the United
Kingdom. With Landbay, lenders can invest a minimum of GBP 100 in residential
mortgages and earn a share in the property while securing fixed rental income.
Landbay diversifies every lender's portfolio through investments in several properties, $8.33M Zoopla, Seedrs, Omni
and each loan provided is secured against the title of the properties involved. The
platform accredits itself to risk mitigation for all its customers. Landbay has received
Mortgage Loans - P2P Marketplace debt financing commitments for GBP 300M.
D.com.cn [Shanghai, 2011]: D.com.cn is an online P2P lending platform for

mortgages. The platform enables users to invest in mortgages by filtering on the
Ample Harvest Capital
various conditions but up by the borrower such as term, interest, location of the
property etc. It has raised Series A funding from Ample Harvest Capital (HSBC).
Mortgage Loans - P2P Marketplace
Wanjiajinfu [Beijing, 2014]: Wanjiajinfu is an online based P2P lending platform for
real estate financing. The platform also provides second-hand sale of real estate, Shenzhen Oriental Fortune Capital
services new home sales and mortgage related services. It has raised Series B round of Management
funding in June 2015 from Oriental Fortune Capital and Dong Fang Hongdao Fund.
Neat Capital, Inc. [Boulder, 2015]: Neat Capital is a crowdfunding site for residential
mortgages. It will enable accredited investors to invest directly in residential whole
loans and applicants will be able to apply online for 30 year fixed rate mortgage
loans.

Robin Hood Mortgages [London, 2014]: Robin Hood Mortgage is an online lending
platform facilitating P2P lending for consumer mortgage loans with a loan tenure of
15-40 years. As of October 2015 the company is still under development.
GoLend [Hong Kong, 2013]: GoLend is a Hong Kong-based P2P lending platform for
mortgage loans directly connecting borrowers with lenders. It also has a lenders
licence.
Txdai [Beijing, 2014]: Txdai is an online based P2P lending platform for housing
finance. It aims to help users by providing an efficient trading platform for investment
and financing of real estate. It plans to help borrowers obtain home loans on demand.
Jungo [Amsterdam, 2015]: Jungo is a crowdfunding platform that connects people in
need of a mortgage with crowd investors looking for a healthy investment. On the
investment side, Jungo is targeting individuals who seek a relatively safe way to invest
their savings. And to institutional investors such as pension funds, also known as
backup investors in case a project is not fully funded by the crowd. Mortgage
Customers who get the green light from Jungo, are guaranteed a mortgage, regardless
Mortgage Loans - P2P Marketplace of the number crowdfunders.
INTERACTIVESHARES [Washington D.C., 2014]: Interactive shares is a real estate

crowdfunding platform. It matches US real estate projects with institutional investors
through a secure online marketplace. Investing as little as $5,000 into a single
property, qualified investors pool funds to buy shares in pre-screened real estate
Mortgage Loans - P2P Marketplace projects in need of additional debt or equity financing.


Viventor [Barcelona, 2015]: Viventor is a peer-to-peer lending platform that offers
investments in mortgage-backed loans. It is open specifically to European investors
from more than 30 European countries and offers investments in loans secured
against mortgages from different EU countries. Investors are required to invest at
least 500 Euros, as a minimum deposit, and at least 10 Euros per loan. As per their
website they are also launching a secondary marketplace in future. Also gives an
'AutoInvest' option where the investor can set the criteria that align with their
investing preferences, and the system will automatically invest in new loans that
Mortgage Loans - P2P Marketplace appear on the platform on investor's behalf.
PeerStreet [Los Angeles, 2013]: Peer Street is an online marketplace for real estate
Guggenheim Partners, Rembrandt
backed loans. It allows borrowers to access money, for real estate projects, from $6.1M
Partners, Felicis
Mortgage Loans - P2P Marketplace - Only accredited investors for a duration of 6-24 months and an LTV of less than 75%.
MoneyMan [Moscow, 2011]: MoneyMan.ru is a digital finance company based in
Moscow, Russian Federation. The idea behind MoneyMan is to help people to solve
their short term cash flow needs by the providing fully automated payday loan service
operating 24/7. The company was established in 2011 and went online in September $9M Emery
2012. MoneyMan concentrates its R&;D efforts on developing innovative risk
assessment models; big data processing, developing secure applications for both web
PayDay Loans and mobile platforms, etc.
EarlySalary [Pune, 2015]: EarlySalary is a NBFC linked lending platform that claims to
have a proprietary credit scoring systems for customer profiling and its mobile
strategy claims to help customers get fast loans. It combines traditional credit scoring $1.5M Transcorp
with social and online scoring technology linked risk assessment concepts. Offers
PayDay Loans loans from INR 10K to 100K for 7 to 50 days.


Platiza [Moscow, 2011]: Online microfinance service that provides short-term payday
loans. After online identification and scoring process funds can be trasferred to
customer’s debit card, Visa Qiwi Wallet or any e-commerce partner account for FINAM Global
purchase settlement purposes. Funds are being posted within 5-10 minutes in case of
PayDay Loans positive decision.
Weiclicai [Shanghai, 2014]: Weiclicai is an online platform for people to crowdfund

different needs of the users. It currently enables users to buy second-hand cars, goods Newgen Venture Partners, Fenghou
etc. and the average financial period is 30 days, the average borrowing rate is over Capital, rushanvc.com, Gobi Partners
30%. Claims to have raised Pre-Series A round of funding.
PayDay Loans
Vivus [Warsaw, 2012]: Vivus is a online lending platform for payday loans in Poland.
The loans are offered for up to 30 days. A person must be a citizen of the Republic of
Polish and atleast 20 years old in order to be eligible for applying loan on the
platform.
PayDay Loans
MiniCredit [Warsaw, ]: MiniCredit is a Poland-based online lending platform for

payday loans. The individual must be a citizen of the Republic of Polish and atleast 20
years old in order to be eligible to borrow on the platform. The loans are made for a
tenure of 5 to 30 days.
PayDay Loans
Credit.pl [Warsaw, ]: Credit.pl is a Poland-based online lending platform for loans

with a tenure of up to 30 days.
PayDay Loans


Mimoni [Mexico City, 2008]: Mimoni is a Mexico-based online lending platform. The
borrowers get registered as members on the platform and can then borrow whenever
the need arises. The loans are available for a term of 15 days to 3 months. The
platform reports to the credit bureau and thus helps in building credit history.
PayDay Loans
Vivus [Madrid, 2008]: Vivus is an online lending platform for short term unsecured
loans. It offers loan within a range of €50 to €900 for a tenure of 7-30 days. The APR
for the first loan is 0%. For the following loans APR varies depending on amount and
term. The penalty for non - payment of fast credit will be 1.00% per day on the unpaid
PayDay Loans amount.
Mkobo [Lagos, 2015]: Mkobo offers payday loans from N5000 to N50000 for upto 30
days. It does not require any collateral or guarantor in most cases. It is a fully licensed
MFB by the Central Bank of Nigeria (CBN).
PayDay Loans
Shield [Nairobi, 2013]: Shield is a Digital Finance company operating in Kenya offering
3Ps; Payroll Finance, Payment Processing and Payday Loans. We’re here to ease short
term, urgent cash flow needs. Employees control their payday with easy application,
transparent factor rates and efficiency (cash in minutes). Employers pump up their
PayDay Loans benefits package, employee happiness &; lower salary processing costs.
Paylater [Lagos, ]: Paylater Application is an online lending platform that provides

short-term loans to help cover unexpected expenses or urgent cash needs. It lends up
to N10,000 for a period of up to 30 days.
PayDay Loans


Rupeelend [Delhi, 2014]: RupeeLend is a platform for short term loans. Maximum
loan limit is INR 100K and maximum tenure is 30 days. Claims to offer loans in 60
mins. Charges Rate of interest @ 1% per day.
PayDay Loans
Boodle [Johannesburg, 2007]: Boodle provides instant personal short term cash loans
in South Africa, through a online application process. Maximum loan amount is R 2500
for a tenure of 32 days.
PayDay Loans
Kadki [Pune, 2015]: Kadki online lending platform for short term loans. The amount
ranges from Rs 5000 - Rs 20000 and maximum duration is 15 days. Mortgages are not
needed and users have to submit their latest salary slip and bank statements for
verification. Claims same day delivery of funds through quick and simple application
PayDay Loans process. Operating only in Pune as on November 15.
kredit24 [ , 2013]: kredit24 offers short-term payday loans via own online platform. It
claims to issue loan money within a couple of hours. Till date it has served around
37000 borrowers.
PayDay Loans
GetBucks [Port Louis, 2011]: GetBucks offers payday loans in 9 countries including
Kenya, Espana, Zimbave, Poland. It claims to make cash available within 1 hour of
application.
PayDay Loans


SafetyNet Credit [London, 2011]: A SafetyNet Credit facility prevents the customer
from incurring unauthorised overdraft fees by transferring money into his account, to
an agreed credit limit (upto £500) when he is about to go overdrawn. Interest is
charged at a flat rate of £0.80 per £100 borrowed, per day (0.8% per day).
PayDay Loans
Moneyveo [Kiev, 2013]: Moneyveo.ua is an online microfinancial company in

Ukraine. Moneyveo provides short-term loans directly to the bank card of their
clients.
PayDay Loans
Apoyos Express [Mexico, 2014]: Apoyos Express provides credits online from 1,000 to
3,000 pesos per person in one day, the payday is from 7 to 30 day and is only one
payment.
PayDay Loans
Vexcash [Berlin, 2012]: Vexcash is a PayDay lender. It has partnered with fully
licensed Net-m Privatebank for underwriting loans. Vexcash lends money to people
in financial circumstances when people suffer to get a loan anywhere else. Since
Vexcash only lends money for 30 days it uses an own internal algorithm to calculate
the risk whether the borrower will be able to pay back the amount within time.
Vexcash combines its own algorithm and the Schufascore to calculate its own risk $1.4M
lending money to applicants. Due to this fact, Vexcash also lends money to customers
with a Schufascore H-I. Compared to a regular bank which in general lends money to
people with Schufascore A-C. The whole applicant procedure happens in real time
which makes it possible to transfer the loans within 30 minutes to the applicants
PayDay Loans - B2C account.


LendUp [San Francisco, 2012]: LendUp is a direct lender and has created a product
that allows small-dollar loans as an opportunity for consumers to build credit and
Kapor Capital, Y Combinator, QED
move up the financial ladder. Consumers who have poor or no credit can apply for
Investors, Kleiner Perkins,
and receive small-dollar, short-term loans. Borrowers start with up to $250, but can
thomvest.com/, Andreessen Horowitz,
eventually borrow up to $1,000 for a year. LendUp uses big data to do instant risk
AFSquare, Eagle Cliff Partners, Data
analysis and evaluate credit worthiness. Was incubated at YCombinator in Winter $164M
Collective, Google Ventures,
2012 batch. Raised a $50 million credit debt facility from Victory Park Capital in April
Thomvest, Google Ventures, SV Angel,
2014. In April 2014 it launched its API using which other companies and organizations
Victory Park Capital, Founders, Susa
can integrate LendUp’s loan-processing tools into their own product, or even build
Ventures
their own financial and loan service with the white-label option.In 2015, the L Card, a
PayDay Loans - Direct Lender credit card business, launched in beta.
Wonga [London, 2007]: Wonga provides small, short-term cash advances and
installment loans to UK consumers online. The company uses risk and decisioning
technology to make automated lending decisions. It allows applicants to decide the
Accel Partners, Oak Investment
value and tenure of loan required before submitting the personal details online. It
$145M Partners, Greylock, 83North,
offers short-term loans of up to £400 for first time consumers and £1,000 for
Balderton, Dawn, Wellcome, Meritech
returning consumers for a loan tenure of up to 30 days. Recently started offering
installment loans of upto £500 for first time consumers and £1,500 for returning
PayDay Loans - Direct Lender consumers for a loan tenure of up to 3 months.
ZestCash [Los Angeles, 2009]: ZestCash is a micro lending platform that offers
installment based personal loans. The principal borrowed cannot exceed more than
Flybridge, Lightspeed Venture
$800, the portal claims to offer an APR of 390%. The eligibility criteria is minimalist
Partners, Lighthouse Capital Partners,
and requires a person to have a regular source of income, a qualified bank account, $92M
Victory Park Capital, Matrix Partners,
and an e-mail ID along with a valid telephone number. The processing of loans is
Upfront
usually quick and with most applicants finishing the procedure within 10 minutes or
PayDay Loans - Direct Lender less. The platform is operational in 6 states of USA.


MoneyMe [Sydney, 2013]: Moneyme offers short term loans from $200 up to $2000.
Loan period will typically be 1 month for up to $1000 or 2 months for larger amounts
or depending on your ability to repay. They utilize safe, fast Money Buddy technology,
which securely obtains 90 days of bank statements online in seconds with read-only
$1M
access. They will set up direct debits on user's payday and send him a reminder that
it’s coming. They cap all fees and costs at 50% of the loan amount. It doesn’t cost
anything to reschedule payments within the loan term, users need to provide 24
PayDay Loans - Direct Lender hours notice.
L.O.A.F. [London, 2014]: L.O.A.F. is a lending platform which offers payday loans. Its
loan product is called "slice loan" wherein the borrower has to choose atleast two of
$0.25M Premia Capital
his friends to join the slice. Each Slice member is solely responsible for their loan, but
looking after one's loan looks after the Slice. The loan is available for only 21 days.
PayDay Loans - Direct Lender
Loan Ranger [Perth, 2012]: Loan Ranger is an online direct lender which provides
payday loans between $200-$1000. They charge 4% per calendar month plus an LiberumCapital
administration fee calculated at 20% of the loan principle amount.
Dollars Direct [ , 2009]: Dollars Direct is a subsidiary of subsidiary of Enova

International, Inc., a NYSE listed company (ENVA). It is a offers payday loans in
Canada. It offers first time borrowers up to $500 and increases the limit to $1,500 for
returning customers.


DoctorCash [Makati, ]: DoctorCash is a Philippine-based payday lender. It offers loans

for 2,000 to 10,000 PHP and for a tenure of 7 to 30 days. It charges interest @ 1% per
day.
Viva Credit IFN SA [Bucharest, 2010]: Viva Credit IFN SA is a Romania-based online
payday lender. The loans are available for a tenure upto 35 days. The interest rate
charged is 1.20% per day.
GoDay [Toronto, 2012]: GoDay is a Canada-based payday lender. The loans are
available within a range of CAD $100 to CAD $500 for a tenure of upto 30 days. The
returning borrowers can borrow upto CAD $1500.
MoneyMan [Espana, 2011]: Moneyman provides fully automated payday loan
service. Customer can get mini credits up to 300 € if it is the first time he applies for a
loan with it . If he uses the platform responsibly, his confidence level will increase it
can offer a greater amount of money - up to 1200 € for old customer - and better
conditions. Late payment charges include fixed 30 € and a daily fee for non-payment,
proportional to the amount of loan applied for a commission. the loan term can vary
PayDay Loans - Direct Lender from 1-4 months.


QueBueno.es [Espana, 2011]: Quebueno provides fast cash ranging from €250-€900
for less than 33 days. Through ten generic questions, it determines whether the
person can afford to repay the loan. Its inbuilt algorithm is able to determine
parameters such as response time or if the loan applicant corrects the answers given
before sending. In fact, 70% of applications are rejected. They offer an APR of
2424.60%. It does not provide credit extension. In case of late payment, it charges a
daily default interest of 0.99% on the initial amount agreed upon is added. If after 90
days the loan has not bee paid, the customer will be entered in the file and Badexcug
PayDay Loans - Direct Lender Asnef defaulters
Money Mouse [Pretoria, 2014]: Money Mouse is a Payday loan company only for
South African citizens that lends anything from R500 – R2800 until their next payday.
Application processing to pay-out takes less than 1 hour and they charge a one-off
application fee of R57. The repayment is auto-debited from user's account on next
PayDay Loans - Direct Lender payday.
QuickQuid [London, 2007]: QuickQuid provides approved online cash advances to

customers all across the United Kingdom. New customers can apply for a loan of up to
£1000 (returning customers can apply for up to £1500). During application, they ask
for address, employment, bank account and monthly expense information. Once
approved, money will be sent to your bank account within 10 minutes after approval.
Customer can choose to repay over 1, 2 or 3 pay periods. In addition to early
repayment, which can be done at any time and at no extra charge, customers may be
PayDay Loans - Direct Lender eligible for a Top-Up or extension.
WongaZA [Cape Town, 2010]: WongaZA offers payday loans within a range of R100 -
R3000 for upto 30 days. It was launched in UK and also has operations in Canada,
Spain and Poland.


Loan Shop [ , 2008]: Loan Shop offers loans within a range of R500 - R2500 for upto
35 days. They charge a service fee of R50per month, initiation fee 15% on first R1000,
thereafter 10% on the value above R1000, to a max of R1000 and interest rate 0.17%
per day (5% per month or 60% annually).
Mulah [Garsfontein, 2013]: Mulah is South Africa-based direct lender for payday
loans. It offers loans within a range of R500 - R2500 for a period of upto 30 days.
wanna loan [Cape Town, 2011]: Wanna Loan is a South Africa-based payday lender. It
is part of the enterprising company Blackbird Group. First time customers can apply
for a loan between R500-R3 000.
My Payday Loans [ , 2013]: My Payday Loans is South Africa-based lender for payday
loans. They offer loans for up to R2500 for new applicants and up to R8000 for
existing customers.
LittleLoans [Johannesburg, 2014]: LittleLoans.co.za is a direct lender and offers

short-term loans from R500 to R2500. It is registered as Easy Little Loans (pty) ltd and
operates in South Africa. They charge an interest rate of 0.17% per day. Non-
payment of the account results in R57 service fee and 5% interest added every
PayDay Loans - Direct Lender month.


Finance27 [ , ]: Finance27 provides same day payday loans in South Africa. It offers
loans within a range of R500 to R3000. Non-payment cost is R50 service fee and 5%
interest added every month.
MoneyForAll [Johannesburg, 2013]: MoneyForAll offers small short term loans in

South Africa. They offer loans upto R2500.
Quidie [London, 2012]: Quidie is a direct lender which offers payday loans from £100
to £400 for a tenor of 3 days to 38 days. The interest is 0.8% per day.
Nextcredit [ , ]: Nextcredit is a UK-based direct lender for payday loans between £100
to £400, payable over 14 days to 4 months. Borrower can apply for a NextCredit
payday loan either with mobile phone or using the online internet loan application
form. The loan is deposited in the bank account directly.
Mr Lender [Essex, 2009]: Mr. Lender is an online provider of payday and short term
loans. It offers loans from £100 - £1,000 for a tenure of up to 6 months. Mr Lender is
a subsidiary of PDL Finance Limited.


Telecredit.ro [Bucharest, 2014]: Telecredit is an online platform that provides short

term loans to people ranging from RON 100 to RON 500 for a time period of 10-30
days. Returning borrowers are allowed to borrow up to RON 1,500. Telecredit is a
non-banking financial institution authorized by NBR .
Twinero [Barcelona, 2011]: Twinero provides short term payday loans to individuals
in Spain. The maximum loan amount is €600 for a tenure of up to 30 days.
Lending Stream [Edgware, 2008]: Lending Stream offers short-term loans that are
paid back in monthly instalments over six months. It offers loans to new customers of
up to £800 and up to £1,500 to returning customers. The company performs credit
scoring for the borrowers on its platform to provide customized interest rates.
cohete [Miguel Hidalgo, 2013]: Cohete provides unsecured payday loans to

consumers from 1,000 MXN pesos to $2,000 MXN pesos for a loan tenure of 7-30
days.
MobiLender [Jalisco, 2013]: Mobilender is an online lender providing payday loans in

Mexico from $ 50.00 pesos to $ 5,000.00 pesos for a loan tenure of 1-31 days.


RISE Credit [Fort Worth, 2013]: Rise Credit offers short term loans to individuals
between $500 to $5,000 to meet unexpected emergencies. Once the borrower
uploads the application to borrow the money, they are either asked for additional
information or approved for the loan requirement. Funds are usually disbursed the
next day to borrowers and repayment frequency is flexible such as bi-weekly or bi-
monthly depending upon the payday frequency of the borrower. Rise Credit is a
PayDay Loans - Direct Lender product of Think Finance.
Fido Money Lending [Accra, 2014]: Fido is an online platform providing short-term
loans in Ghana. A user can apply for the loan online on its mobile app and get the
approval. Once the approval is received the consumer deposits a proof of ID and bank
statements at Fido's branch and the money is deposited in the user's account in one
PayDay Loans - Direct Lender business day.
QuickCredit [Hyderabad, ]: QuickCredit is an online P2P lending marketplace for short

term unsecured loans. The loan amount can range from INR 1000 to INR 30000 for a
tenure upto 30 days.
PayDay Loans - P2P Marketplace
Lender [Tempe, 2016]: Lender is a peer-to-peer, short-term, anonymous nano-loans
marketplace. Lender works by allowing users to choose to either Lend or Borrow
money anonymously from their phones. The loan tiers for this system are $25, $50,
$100, $250, and $500. Their company generates revenue by charging a fixed
percentage of the fee that lenders charge borrowers. As of April 2016, the company is
PayDay Loans - P2P Marketplace in stealth mode.
Webtransfer [London, 2005]: Webtransfer is P2P lending platform for micro loans up
to $1000 for up to 30 days. It also allows people to connect socially, share messages,
pictures, videos, music, life styles.
PayDay Loans - P2P Marketplace

Shenma Jinrong [Shanghai, 2015]: Shenma Jinrong is internet based financial services
company which has two main product. One is distribution of loans for the purchase of
vehicles for an interest-free six-month installments. Their another product provides $10M Frees Fund, Shunwei
vehicle dealers 10-40 days of interest-free loans in order to solve the problem of
Auto Loans liquidity pressure.
Credit Acceptance [ , ]: Credit Acceptance is an indirect auto finance company,

working with car dealers nationwide to enable them to sell cars to consumers on
credit regardless of their credit history. Its guaranteed Credit Approval program
provides their dealer-partners with the opportunity to deliver credit approvals to
consumers within 30 seconds through the Internet using their patented Credit
Approval Processing System (CAPS). Credit Acceptance’s underwriting risk is
reasonable because the dealer pays fixed fees to be on the program. They require
minimum of $800 a month income, Minimum of $500 down (can be cash or trade
Auto Loans equity) and the car is brought from one of their signed dealerships
Chedia [Shanghai, 2013]: Chedia is an online aggregation of lending companies which

can provide automotive finance, financing guarantees, financial leasing and financial Baic Capital, Bailian Group, Matrix
$33.56M
investments for automobiles. It provides its services via new car dealers, used car Partners, citicgroup.com, CRE Capital
dealers etc.
Auto Loans - B2C - Marketplace
AutoFi [San Francisco, 2015]: AutoFi is an auto finance platform for consumers that 500 Startups, Laconia Capital Group,
automates the process for applying and closing an auto loan all online. It gives $19.5M Crosslink Capital, Lerer Hippeau
institutional investors direct access to consumer auto loans. Ventures, Basset Investment Group
Auto Loans - B2C - Marketplace


Chedia Bitauto [Beijing, 2015]: Chedia Bitauto is an online new and used car loans
marketplace platform. It also provides users with insurance services for their
automobiles. It claims to provide legitimate source of car information and has
partnered with different banks and automobile manufacturers. Claims to have raised
Auto Loans - B2C - Marketplace $400M in Series A round of funding from Bitauto, Tencent and JD.com
SpringboardAuto [Irvine, 2015]: SpringboardAuto is a direct to consumer auto loan

platform. They specialize in making refinance, private party, and dealer purchase auto
loans. Loan amount varies from $5,000 to $45,000. SpringboardAuto.com holds
lending licenses in California, Pennsylvania, Colorado and Texas.
Auto Loans - Direct Lender
P2phx [Guangzhou, 2013]: P2phx is an online platform that connects lenders with
borrowers who are looking for loans to finance their car purchases. Claims that the
average interest rate is 20%. Generates revenues by charging a small commission on $16.6M
the amount borrowed. Raised 100M Yuan in funding from Pearl South Group in Dec
Auto Loans - P2P Marketplace 2015
Chenengdai [Ningbo, 2014]: Chenengdai has a P2P lending platform which provides
loans for buying car using the platform. The car loans can average each about $10,000
as the loan amount, loan period of 1-3 months. Borrowers are required to have each
$1.8M Peeli ventures, IIS 8
vehicle as collateral, the platform performs an accurate assessment of loan
amounting to approximately 70% of the assessed value of the vehicle, and installs GPS
Auto Loans - P2P Marketplace monitoring devices.
DriverUp [Austin, 2015]: DriverUp is a US based online marketplace for automotive
financing and is backed by Sierra Auto Finance. It allows accredited investors to invest
in a different loans at various auto dealers. Buyers can enter their credit information Emerald Development Managers LP,
$70M
directly into the online DriverUp system. The application is priced and decisioned. SF Capital, RRE Ventures
Auto Loans - P2P Marketplace - Only accredited Dealer will be able to see the decision terms directly in his dashboard and can then
investors close the transaction.


SelfScore [Palo Alto, 2013]: SelfScore offers US credit to international students who
do not have a credit history. It measures their creditworthiness using alternative data
and methods via proprietary framework and algorithms. It determine students’ ability
to repay using attributes such as education, major, cost of education, source of initial
funding, future employability, and other objective measures (e.g. places, times, $7.5M
graphs). By recurring usage of the credit card and periodic payments, these students
are able to build a credit history for future requirements. Received seed funding in
Dec 2014. Its investors are Aspect Ventures, Accel Partners, Pelion Venture Partners,
Credit Builder Loans Fenway Summer Venture Capital, Sparklabs Global Ventures.
Float [Los Angeles, 2014]: Float allows users to pro-actively build credit by issuing
them an unsecured line of credit through its Visa branded credit card, based on
income, expenses, spending, and the amount of risk a person is willing to assume. It
offers consumers an application that creates FDIC insured deposit accounts and a
financing solution that instantly creates and issues credit - directly through their
$600K
smartphone. The loans are unsecured, thirty day, revolving lines of credit that are
highly personalized based on its underwriting algorithms. It issues the debt through
an FDIC insured, Float visa card which can be used by the consumers for in-store
purchases. Float earns revenue from the merchant fee which is charged every time
Credit Builder Loans the card is swiped.
Cedi Financial [Accra, 2015]: Cedi Financial provides collateral-free short term flexible
$0.1M
loans to salaried workers in Ghana to enable them build credit.
Credit Builder Loans


ModernLend [New York City, 2014]: ModernLend enables immigrants in the US to
build their credit history. It allows users to create a loan including the tenure and loan
amount and service the loan periodically. Once the user starts repaying the loan, Entrepreneurs Roundtable
$40K
ModernLend reports this in the consumer's credit profile with the credit bureaus. At Accelerator
the end of the tenure, the consumer gets the money back. ModernLend charges a $5
Credit Builder Loans per month subscription charges as its revenue.
Lenny [California, 2015]: Lenny is an app that offers line of credit to students and
build their credit score based on the regular repayments. The line of credit ranges
from $100 - $10,000. The initial line of credit is upto $500 based on the students GPA
and keeps on increasing by $300 every semester based on timely repayments. Lenny
Credit Builder Loans also reports on-time payments to major credit bureaus.
Credit Fair [Louisville, 2015]: Credit Fair-e provides small-dollar loan products that
designed to help borrowers repay the loan, build a strong credit profile and reduce
financial stress. All loans are structured as installment loans which allow the borrower
to repay the loan while still meeting other financial needs. Credit Fair-E is a Kentucky
Credit Builder Loans licensed lender.
Credilike [ , 2011]: Credilikeme is a financial company dedicated to personal loans on

the internet and social networks based on trust people, giving youth financial
inclusion forming favorable credit histories to obtain better financial opportunities. It
gives short term loans online to millenials. Using gamification and social networking to
encourage users to engage in responsible payback behavior. Credilikeme offers
Credit Builder Loans competitive rates which lower as users complete loans on time.


Self Lender [Denver, 2014]: Self Lender is an online platform that allows users to
create a custom loan and make payment towards the same to help them build their
credit history. A user can create a loan and make monthly payments for the same for
a loan tenure ranging from 6-36 months. When the user makes periodic payments,
Techstars, Silverton Partners, Kickstart
Self Lender reports the same to the credit bureaus thus positively updating the user's $2.69M
Seed Fund, Galvanize
credit profile. At the end of the period, the user is paid the principal amount back
along with the interest. Self Lender charges a user $5 per month as subscription
charges. Self Lender will partner with a bank for originating loans soon and currently
Credit Builder Loans - B2C has about 15,000 users.
Quick Consolidation Loans [Cape Town, 2014]: Quick Consolidation Loans offers
consolidation loans to easily consolidate debts from credit cards, home loans, short
term or pay day loans.
Credit Card Debt Refinancing
Capital R Investments, Great Oaks

Payoff [Long Beach, 2009]: Payoff is a technology-enabled, consumer-focused
$34.8M Venture Capital, FirstMark Capital,
financial services company. It provides loans to payoff credit card debt.
Anthemis Group
Credit Card Debt Refinancing - B2C
SimplyCredit [San Francisco, 2015]: Simplycredit offers credit card debt consolidation
to consumers. Consumers can apply for new lines of credit. The company will then
make credit card payments each month from those credit lines. The borrowers make $1.5M XSeed Capital, Blumberg Capital
only one payment per month against their credit line. They work with community
Credit Card Debt Refinancing - B2C - Marketplace lenders to establish personal credit lines.


LENDLIFT [Atlanta, 2012]: LendLift is an online P2P marketplace that connects non-
prime credit card borrowers with individuals who can lend to them at lower interest
rates than banks, enabling them to pay down their principal and eliminate their debt
faster and at lower interest rates. It offers loans of up to $3,500 for a loan tenure of
Credit Card Debt Refinancing - P2P Marketplace up to 3 years.
zebit [Middlesex, 2011]: Zebit is a free solution for employers to offer an interest-
Mohr Davidow Ventures, wildcat.vc,
free short term loan to their employees. The credit is repaid through monthly
QED Investors, Crosslink Capital,
payment cuts, and can be used to buy name brand products in Zebit Market, an e- $35M
Leapfrog Ventures, Correlation
commerce store selling products such as electronics, computers, furniture,
Ventures
Employer Loans appliances, health equipment, clothing, and accessories.
Neyber [London, 2014]: Neyber work with employers to offer their employees access
to credit which is repaid directly from their salaries. There are no costs to employers.
Employees can borrow between £500 ‐ £25,000 @4.9%. The repayments are
$12.35M
deducted directly from the salary. They are aiming to create workplace communities
that will enable employees to borrow and save together at fairer rates. But as of now
Employer Loans their savings option is not launched and the loans are being funded by Neyber itself.
SalaryFinance [London, 2015]: Salary Finance is an online lending platform that

facilitates employer loans. It provides a platform where employees can log on and
Blenheim Chalcot, Bright Bridge
apply for financing needs. The loan terms are decided on the platform and $10.4M
Ventures
repayments are deducted directly from the payroll. Salary Finance is backed by
Employer Loans BrightBridge Ventures and Blenheim Chalcot.
Contigo Financial [Nashville, 2012]: Contigo Financial partners with employers to

provide a short-term, low-cost, loan offered as a voluntary benefit to employees. It
lends between $500 and $2,500 loans with payment terms ranging from 3-9 months. $15K Solidus, Jumpstart Holdings LLC
Once the employee is pre-approved for the loan, he/she can access loans and the
Employer Loans repayment is done by direct deduction from the employee's paycheque.


Kashable [New York City, 2013]: Kashable's Employee Benefit Program is a financing
solution for employees offered as an employer-sponsored voluntary benefit. Kashable
deploys technology to offer employees immediate access to low cost credit that is
Corigin Ventures
based on their ability to repay. Eligible Employees can take a Kashable loan online in a
matter of minutes and repay them through automatic payroll deductions over several
Employer Loans months.
Liquick [Mexico City, ]: Liquick offers unsecured loans to the employees of the
companies with whom they have formed an alliance. The loans are offered for a
period of 3 months. Repayments are deducted directly from the payroll.
Employer Loans
Venmetro [ , 2015]: Venmetro is an online lendign platform that collaborates with

employers to offer loans. It confirms the information provided by the applicants bty
by contacting their employer. The monthly repayments are made through salary
deduction. It is available only for permanent residents of Panama. Its annual interest
Employer Loans rates ranges from 5.50% to 16.00%.
OpenTap [Chennai, 2014]: OpenTap is a peer-to-peer lending platform providing

short term loans to consumers. They claim to also provide loan processing &;
investment services online. Customers who require a loan make an application with
their personal details along with electronic versions of required financial documents
like bank statements, payslips and documents that prove identity. After which the
investors bid for the loan and provide their quotes and bidding process lasts for 24
hours and the cheapest quote wins. If borrower accepts the quote, he/she will be
requested to make available a post-dated check for the full repayment amount,
thereby after receiving the check the money will be transferred to the borrowers
account. Investors will get their money back in their account within a maximum
Employer Loans timeperiod of 10 days.


MEDILOAN [Cape Town, 2012]: WorkLoan works with companies to provide a lending
solution to their staff. The repayments are deducted from the payroll on monthly
basis.
Employer Loans
Primavera Financial [Newport Beach, 2009]: PrimaHealth Credit is a healthcare-
focused marketplace lender. It provides financing options to help patients pay for the
procedures from any mobile device and offers a variety of repayment plans like equal
payment plans, no interest equal payment plans, low interest equal payment plans
$1M
and minimum payment plans. It also connects with healthcare services providers to
help provide financing options for their patients with flexible repayment options.
PrimaHealth Credit also extends practice finance to healthcare providers for office
Healthcare Loans expansions, equipment purchases, inventory, payroll, or other uses.
Medicard Finance [Toronto, 1996]: Medicard provides unsecured lines of credit

(credit cards) and loans to consumer throughout Canada for medical procedures..
People can access the financing either through its network of service providers
(doctors) or apply online through their website. It offers financing for elective medical
Healthcare Loans procedures like cometic surgery, laser vision, etc.
Springstone Financial LLC [Westborough, 2003]: Springstone Financial LLC offers

financing for elective medical and dental procedures. It was acquired by Lending Club
in April 2014.
Healthcare Loans


Prosper Healthcare [Salt Lake City, 2009]: Prosper Healthcare Lending is a patient
financing company for healthcare providers in cosmetic dentistry, bariatric surgery,
fertility, and plastic surgery. It was earlier know as American HealthCare Lending and
changed its name after it was acquired by Prosper lending marketplace in Jan 2015.
Healthcare Loans
Finrise [San Mateo, 2015]: Finrise offers loans for out-of-pocket healthcare cost for
dental, vision, audiology and veterinary services. Loans are sourced through
partnership with doctors.It offers loan of up to $20,000 at 6%-27% APR.
Healthcare Loans
First Health Finance [Cape Town, 2008]: First Health Finance offers loans fro medical
procedures in South Africa. The procedures it provides financing for include plastic
surgery, dentistry, hair restoration, lasik eye surgery and fertility treatments.
Healthcare Loans
MediFin [Cape Town, 2012]: MediFin provides loans for medical procedures to
patients, allowing them to move forward with their treatment or procedure. They
offer loans for cosmetic surgery, dentistry, laser eye surgery and ENT surgery.
Healthcare Loans
MediPay [ , 2015]: MediPay offers easy payment plans for medical &; dental
procedures. Allows borrowing amount from $2,001 to $30,000. Repayments can be
made fortnightly or monthly by direct debit. Once the loan is approved the company
pays doctor directly and securely within 48 hours.
Healthcare Loans


Crediyo [New York City, 2014]: Crediyo is a lending platform that provides medial
loans to consumers. It works in tandem with doctors to provide point of sale financing
to patients. It was incubated by Blueprint Health and counts Kushagra Saxena as an
investor.
Healthcare Loans
easymedicalloan.com [Tustin, ]: Easymedicalloans.com offers solutions to medical
practices for their patients who need financing for medical procedures. They partner
with funding sources with flexible options to offer financing. Their finance programs
are designed to work with patients who have less than perfect credit. It offers loan to
a maximum limit of $30,000. Thei financing programs include cosmetic, bariatric, IVF
Healthcare Loans and dental surgery. They even finance pet's medical treatment.
Fertility Funds [New York City, 2013]: Fertility Funds provides flexible financing
solutions for women seeking fertility procedures including Assisted Reproductive
Technology procedures such as IVF, Egg Freezing, Surrogacy, etc. It offers loans
between $2,000 and $35,000 at an interest rate starting from 6.73% APR.
Healthcare Loans
United Medical Credit [Santa Ana, 2011]: United Medical Credit is a lending platform
that connects patients with lenders by establishing and managing relationships with
thousands of provider offices nationwide. It helps in financing for various procedures
like general health care, cosmetic surgery, bariatric and fertility and many more.
UMC’s healthcare provider network consists of practices in the cosmetic, dentistry,
fertility, bariatric, general medical and other healthcare verticals. Through its
extensive network of lenders, United Medical Credit offers healthcare providers
financing solutions for Prime and Sub-Prime patients resulting in the highest approval
Healthcare Loans - B2C - Marketplace rates.


AmicCARE [Beverly Hills, 2014]: AmicCARE provides P2P lending platform for
personal loans (primarily healthcare loans) for a loan tenure of 3 and 5 years. It offers
loans for different purposes including healthcare procedures, debt consolidation,
home improvements, purchase loans and car financing. AmicCARE charges a 1% loan
origination fee to the healthcare provider. It works with lenders who offer fixed rate
Healthcare Loans - B2C - Marketplace financing with a fixed term length.
Pawngo [Centennial, 2009]: Internet Pawn provides a asset backed loans based on Access Venture Partners, Daylight
$6.95M
the collateral of personal valuables. It was deadpooled in 2013. Partners
Asset Backed Loans
Finova Financial [San Francisco, 2015]: Finova Financial is a direct lender for car title
loans. The loans are based on the equity of a vehicle. It has a proprietary credit $125K 500 Startups
scoring system. The maximum car equity loan is $5,000.
Asset Backed Loans
PawnHero [Manila, 2014]: PawnHero is an online pawn shop in the Philippines which
provides a convenient way of overcoming short-term cash needs once customers
decide to pawn their valuable pre-loved items. Customer needs to upload pictures of
the item and describe the item. The system will give an appraisal within minutes.
IMJ Investment Partners Pte.Ltd, 500
Upon acceptance of PawnHero’s estimate, the user can either schedule a pickup via
Startups, Hatchd Digital
2GO Express, or drop off the item at the nearest 2GO Express branch. At pickup, the
user is provided with a free PawnHero Card from Security Bank, through which the
loan is paid out. When the user repays the loan, the item is shipped back fully insured
Asset Backed Loans and free of shipping charge.


GuateApuros [Mixco, 2015]: GuateApuros is a asset backed lending platform. It offers
loans against guarantee of electronics, appliances, gold, watches, etc. The borrower
applies for the loan along with the picture of collateral, if approved the executive of
the company comes and collects the item. Once the loan is repaid, the collateral is
Asset Backed Loans returned at the borrower's residence.
Gelman Loan [Pittsburgh, 2015]: Gelman Loan provides loan based on a variety of
items, including gold and diamond jewelry, electronics, musical instruments, tools,
and more. Loans are based on the value of the collateral, not the credit rating or pay
schedule. Typical pawn loan has a term length of four months. If borrower cannot pay
back the loan in full, including any applicable grace period, they offer
extensions/renewals to give extra time. Borrower may also choose to surrender his
Asset Backed Loans collateral as payment in full. The charge fixed interest rate of 3%.
CocheGO [Madrid, ]: Cochego provides fast car loans of the size between 500 to
15,000 euros with a repayment period of 6 months with the possibility of extension,
with the same conditions (with a maximum of 12 months). The cars should be less
than 10 yrs old. No early repayment fees applied. Loan amount is issued to the
borrower in just 24 hours. They charge interest rate: 10% (TAE). DNI or NIE, SPC
Vehicle, Driving License, payroll and any other documentation proving your
creditworthiness. Notary fees and management are deducted directly from the loan
Asset Backed Loans amount.
ipfand [Essen, 2012]: iPfand provides collateral loans to clients based on their
valuable assets. They do not need a Schufa score. No information is passed on to
banks or any other FIs. In case of default, after no less than 5 months, the assets are
put up at a public auction for sale. The loan can be extended at iPfand as long as user
want. Exceptions are technical devices like mobile phones, tablets, laptops, etc., lose
value quickly. The service of ipfand.de is supported by the German Pfandkredit AG,
Asset Backed Loans which also operates a stationary pawnshop.


GadaiBarang [Jakarta, 2006]: GadaiBarang is an online pawn lending portal which

helps getting loans instead of high value goods like Television, Laptop, Camera etc.
Lenders can pawn their mortgages and get loans from the company.
Asset Backed Loans
Pinjam [Jakarta, 2015]: Pinjam Indonesia is online platform which offers loans against
collateral. They have online realtime valuation technology, pick up services to
eliminate face to face transaction, and flexible credit time with 0.7% weekly basis fee.
Currently they accept electronics (Handphone, Laptop, Tablet PC and camera), Vehicle
such as motorcycle and car, Gold, Jewellery and Diamonds, and will accept personal
Asset Backed Loans luxury items such as watches and branded bags.
Prendamovil [Mexico City, 2012]: Prendamovil provides immediate personal loans,

from $ 5,000 to $ 500,000 pesos in just 50 minutes with the warranty of your car.
Asset Backed Loans
Valendo [Berlin, 2015]: Valendo provides loans on high-value assets. These include in
particular precious stones, precious metals, luxury watches and high-quality gold and
diamond jewelery. Thus it helps to develop a customized solution to provide
borrowers with a quick, easy and discreet the desired liquidity, without having to sell
Asset Backed Loans assets.
Rupeek [Bangalore, 2015]: Rupeek is an internet enabled lending platform

connecting lenders and borrowers for gold loans. Registered borrowers specify their
loan requirements. The authenticity of the gold is verified by an agent and a credit risk
model is implemented and the money is transferred to the borrower. It claims to offer
Asset Backed Loans - B2C - Marketplace low interest rates and paper work.


Gold Uno [Mumbai, 2015]: Gold Uno is an online gold loan marketplace. Claims to
have partnered with Banks and NBFCs. Allows users to compare gold loans from
different banks and NBFCs based on interest rates, rate offered per gram and
disbursement time. Charges a service fee to the Bank/NBFC on successful
Asset Backed Loans - B2C - Marketplace disbursement.
Mojo Title Loans [Burbank, 2014]: Mojo Title Loans provide fast cash loans between
$2501 and $20,000 and can be used for any reason. They will accept an application
even if the client has bad credit, no credit or even if he is unemployed. No credit
checks are performed and clients can keep driving the car while they repay the loan.
Asset Backed Loans - B2C - Marketplace The site submits the clients' information to a lender.
Scottsdale Title Loans [Scottsdale, 2015]: Scottsdale Car Title Loans hold user's title
as collateral and gives him a major portion of his car's monetary value. After he
finishes his last payment for Scottsdale Title Loans, they give him his title back. He is
able to borrow a portion of his car's value in straightforward cash and still continue to
use it. They give 42 month terms. With over three years to repay his loan, his monthly
payments will be small and affordable. There's no application fee, no credit report
Asset Backed Loans - B2C - Marketplace fee, and there's never a fee for paying off his loan ahead of schedule.
Levart [New York City, ]: LEVART is a B2C marketplace for loans against art works. It
uses a pricing algorithm to determine a fair value of the proposed collateral. Levart's
minimum loan amount is $5,000 and they loan up to $1,000,000 per artwork. Their
loan-to-value ratio varies between 25% and 80% based on trend analysis of past
Asset Backed Loans - B2C - Marketplace auction results and private sales.


Borro [London, 2008]: Borro is an online asset backed lending platform. It offers three
types of loans to the consumer including Sale advance loans (advance for up to 70% of
Canaan, Augmentum Capital, Ribbit
the estimated sale price), Bridge loans and term loans. For security it accepts a range
Capital, Eden Ventures, Victory Park
of luxury assets including jewellery, luxury items, fine art, precious metals, luxury
$177.9M Capital, Rocket Internet, European
handbags and wines. They don't review borrower's financials and no information goes
Founders Fund, OurCrowd, Rockridge
to any credit bureaus. Over 75% of the loans are completed within 24 hours from
Investment Partners
valuation. Borro has originated $250m+ since 2011 and was ranked 8th in KPMG’s 50
Asset Backed Loans - Direct Lender Best Fintech innovators globally in 2014.
PawnUp.com [Montreal, 2011]: PawnUp is an alternative lending platform that offers
pawning services to its customers that are in need of immediate funding. A borrower
needs to fill out an application and ship his valuables to receive a quick quote on the
pawn-able value of his item. If the borrower agrees with the quote, the loan is
$250k
granted in minutes, and is secured against the valuable provided. PawnUp can offer
loans that range from $2,000 to $2,000,000. The platform charges an interest rate
that ranges from 2 - 10%, depending on the loan amount taken and the period of
Asset Backed Loans - Direct Lender repayment.
Title Loan Direct [Orange County, 2015]: Title loan direct provides short term loans
against the security of borrower's automobile. Loans are offered in the range of
$2,600 to $25,000 and it provides a monthly payment option. It also offers refinancing
of existing car title loans. It claims to disburse money on the same day.
Asset Backed Loans - Direct Lender
LoanMart [Encino, 2001]: LoanMart provides auto title loans, type of secured loan
that allows users to use the free and clear title to a qualifying vehicle as collateral in
exchange for funding. Loan amounts are determined based on qualifying factors like
user's vehicle’s equity value and his ability to make regular payments on time each
month. Based on these factors, he could qualify to borrow up to $50,000*. No
additional fees or penalties for early payment. LoanMart is a direct lender for auto
title loans but in some cases may act as the broker for the loan, and may not be the
Asset Backed Loans - Direct Lender direct lender.


Good Financial [Nevada, 2010]: Good Financial is an online lender that provides loans
from $1,000 to $50,000 secured by jewelry. Consumers can discretely secure loans
using jewelry. Loans are typically short-term in nature. Good Financial has operations
in Silicon Valley and Nevada.
PawnLoan [Oregon, 2013]: PawnLoan is an online pawn shop that offers you the
opportunity to send in your valuables to receive a quick and confidential pawn loan,
directly depositing funds into your bank account within 24 hours. With an online
pawn loan, there is no need to disclose personal financial information or undergo a
credit check, and we offer free shipping and no payments for an industry-leading 90
days. Borrower's valuables are held safe in a biometric vault for the duration of the
Asset Backed Loans - Direct Lender loan.
ValueMax Group [Singapore, 1988]: ValueMax Pawn Shop provides pawnbroking
services, retail and trading of pre-owned jewellery, gold and luxury timepieces. The
company claims to be the first pawnbroker to be listed on the Singapore Exchange
Mainboard. The company pawns, sells or buys the products through its network of
franchises through out the country. As of March 2015, company has decided to
Asset Backed Loans - Direct Lender expand its business to include unsecured moneylending.
Kamdo [Singapore, 2015]: Kamdo is a mobile first listing platform for pawn lending. In
the app user can browse profiles of local pawnbrokers, compare &; negotiate offers,
leave a review for a merchant etc. As of Jan 2016, the company is yet to launch its
product.
On Loan [New York City, 2014]: On Loan is an online lead generation platform for
asset backed loans. The company accepts cars, watches, jewellery, paintings and
other luxury assets to extend loans to consumers. It provides one loan form which is
submitted to different lenders for providing a quote on the loan. The borrower can
Asset Backed Loans - Direct Lender then select the preferred lender to take the process forward.

Luxury Asset Lending [Newport, 2009]: Luxury Asset Lending is an alternative lending
platform that provides short term, asset backed personal loans. The platform offers
collateral loans, title loans, and advance sale loans. Borrowers can borrow up to
$10,000,000 as the portal is selective in the assets it considers for security. At the end
of the term of a collateral loan, if the borrower defaults on the loan, the asset
provided will be sold to pay the debt. However, in the case of a default of a title loan,
Asset Backed Loans - Direct Lender the borrower will be liable to sell the asset and then repay the debt.
plej® [Queenstown, 2015]: Plej is an online pawning service platform that offers short
term, asset backed personal loans. The principal amount lent starts at $1,000 and can
extend to $20,000. The interest rates vary depending upon the loan term and can o
up to 10% per month. The platform accepts, gold, diamond jewelry, precious metals,
Asset Backed Loans - Direct Lender and luxurious goods as collateral against the loans.
Zillidy [Canada, ]: Zillidy is an online pawning service that offers short term, asset
backed loans against collateral provided by borrowers. Zillidy provides loans using a
borrower's personal jewelry, watches, precious metals, gemstones, diamonds and
gold as collateral. The principal amount lent begins with $1000 and can rise up yo
$500,000. Zillidy charges an interest rate of 2.99% for the first 12 months and 1.5%
Asset Backed Loans - Direct Lender for each additional month.
ePawnMarket [Atlanta, 2010]: ePawnMarket is a online pawning platform that offers
short term asset backed loans to individuals in need of funding. ePawnMarket offers
two loan products; pawn loans, title pawn loans. Customers of the platform are able
to borrow money from $200 to $20,000. The interest rates for repayments start at
2.99% and average at 5.99%. The term for the pawn loans is set at 30 days, at the end
of which borrowers can repay the loan, extend the term, or use the collateral to pay
Asset Backed Loans - Direct Lender off the loan. The platform currently operates only in the state of Georgia.


White Glove Capital LLC [Chicago, 2013]: White Glove Capital LLC is a Private Asset
Lender. The platform offers loans that are secured by the borrower's asset. The assets
accepted by the platform are usually big ticket and luxury items such as Luxury &;
Classic Cars, Jewelry &; Watches, Precious Metals, Fine Art &; Antiques, and more.
Asset Backed Loans - Direct Lender White Glove Capital can provide discreet term loans for an amount up to $2,000,000.
Weidai [Hangzhou, 2011]: Weidai provides P2P lending secured by automobiles

owned by borrowers. The loans are generally one-month in maturity with interest
ZS Ventures Capital, Vision Knight
rate of around 11%. The company says its monthly transaction value reached RMB85 $192.2M
Capital, Shanda Group, HAKIM
million (US$235 million) as of August 2015. It operates 85 service posts, mostly in
Asset Backed Loans - P2P Marketplace Zhejiang, Jiangsu, Anhui and Guangdong province.
Jiurong [Wuhan, 2014]: Jiurong is a platform for both borrowers and investors. To
lend the two sides exchange information and thereby the platform matches them to
complete the funds transaction. It aims to provide fair, transparent, stable and $7.5M Tian Ge
efficient network of credit services via the platform. It has raised Series A round of
Asset Backed Loans - P2P Marketplace funding.
Mintos [Riga, 2014]: Mintos is an online lending marketplace that provides secured
loans against property in Baltic states. It also offers a secondary market for trading
loan notes. It allows individual and institutional investors to invest on the platform $2.21M skillionventures.lv
with a minimum investment amount of €10. Mintos has so far funded €5,598,518 in
Asset Backed Loans - P2P Marketplace loans secured against €11,319,969 of property.
83Chedai [Shanghai, 2014]: 83Chedai is an online platform which focuses on

automotive mortgage based lending. The platform helps in short-term financing
Meridian Capital
needs of owners and lenders. Thereby the platform becomes the investment
intermediary providing investment and financing services.
Asset Backed Loans - P2P Marketplace


Car Loans [Reno, 2012]: Car Loans Inc offers qualified investors an opportunity to
earn high returns with a portfolio consisting of many separate auto loan contracts.
Each contract is secured by a title lien based on the vehicles Wholesale Blue Book
value. Wholesale Blue Book is the value a dealer would likely pay for a car following
repossession in the event of default. For additional security, every vehicle is equipped
with a GPS locator that enables swift location and repossession. Dealers can originate
loans while relying on Car Loans Inc to purchase them with reasonable stipulations. It
is powered by PaySwag that allows customers check their loan balance, make
payment arrangements and access bar codes for cash payments at retailers such as 7-
Asset Backed Loans - P2P Marketplace 11.
Xiaoxialicai [Shanghai, 2016]: Xiaoxialicai is an online asset backed based P2P lending
platform. The borrowers can put real estate or vehicle as collateral, after which the
professionals verify and perform underwriting for the collateral. The funds are
transferred from the lender to the borrower directly. In case there is a default, the
principal and interest is recovered by the collateral. Claims to have raised Series A
Asset Backed Loans - P2P Marketplace round of funding.
Edianlicai [Beijing, 2015]: Edianlicai is an online lending platform providing loans

against artwork. The borrowers on the the platform have to pledge antique, gold
jewelry and other works of art and the platform will match this to the right investors
matching the risk control and aims to provide investors a steady return from the
Asset Backed Loans - P2P Marketplace loans.
Silver Bullion [Singapore, 2009]: Based in Singapore, Silver Bullion procure,

authenticate, store, buy back and optionally collateralize physical wealth, in the form
of bullion. It also helps borrowers raise money from the market at cheap interest. The
borrowers need to put double the amount of silver into the bullion than they have to
borrow as collateral. This makes the loan secured and ensures a lower interest rate
Asset Backed Loans - P2P Marketplace for the borrower.


Wellesley & Co [London, ]: Wellesley &; Co is a peer to peer lending platform in UK.
The firm claims that it lends its own funds directly to its borrowers in the first
instance, before re-assigning the rights and benefits of the loan, so that the contract
for repayment exists between Wellesley and its borrowers. The company also
proposes to mitigate risk further by spreading its entire loan portfolio over all lenders
on its platform, automatically re-matching this spread on a weekly basis as new loans
come on. As of October 2015 their website claims that the platform has lent over
Asset Backed Loans - P2P Marketplace £250M. Wellesley provides asset-backed loans secured against assets.
Unbolted [London, 2014]: Unbolted is a P2P marketplace for short term, asset backed
personal loans. The platform brings together lenders with savings and borrowers with
assets to offer as collateral. On Unbolted, borrowers can apply for a loan worth up to
£ 30000 and the amount can increase by 25% if gold is offered as a collateral. The
normal term for a loan is 6 months, which can be extended by paying off all accrued
interest charges, set-up fees and any depreciation in the value of the asset. The
Asset Backed Loans - P2P Marketplace platform charges a setup fee for every loan transaction.
FundingSecure [Theale, 2012]: FundingSecure is a Peer to Peer lending platform
which allows savers to fund loans requested by borrowers using an asset as security.
The principal amount that can be borrowed starts from £500 and can go up to
£100,000 for a term not exceeding more than six months. The interest rates start at
2.9% and can vary depending on the principal amount borrowed. At the end of the six
month period, a borrower can choose to repay the loan or extend the term by paying
the interest amount. If a borrower can't manage to pay the interest to extend the
Asset Backed Loans - P2P Marketplace term, he must use the collateral to repay the debt.
MoneyThing [London, 2014]: MoneyThing is a peer to peer lending platform that

brings together lenders with savings and borrowers with assets for fund raising. The
lenders lend money against assets provided by the borrower, the platform permits
the lender to raise loans worth 50% of the value of the collateral provided. Borrowers
Asset Backed Loans - P2P Marketplace usually provide titled assets such as automobile vehicles or properties owned.


YieldStreet [New York City, 2014]: YieldStreet ins a online marketplace that enables
accredited investors and hedge funds access to asset-backed investment
opportunities. The minimum investment is $5,000 and their offerings target a yield of $3.7M Saturn Partners, Expansion
Asset Backed Loans - P2P Marketplace - Only 8-25% and are backed by a collateral. Till October, 2015 13 investments have been
accredited investors funded in the platform.
Renew Financial [Oakland, 2008]: Renewfinancial offers financing services for the
completing of renewable projects, energy efficiency projects and water saving
projects and have a presence across the United States. The company caters to
contractors, property owners and government organization. Property Assessed Clean Braemar Energy, Claremont Creek,
Energy program allows homeowners to finance the installation of energy and water Apollo Investment Corporation,
$124.52M
improvements on homes through the issuance of a municipal bond, and pay the Angeleno Group, Prelude Ventures,
amount back as a line item on their property tax bill. It also offers attractive long-term NGEN Partners
commercial financing for energy efficiency, renewable energy, cogeneration and
water saving projects. It can be used for commercial, industrial, and multifamily
Project Financing properties.
Ygrene Energy Fund [Santa Rosa, 2009]: Ygrene Energy Fund provides clean energy
financing for residential and commercial properties. It operates in Florida and
California. It offers energy efficiency, renewable energy, water conservation and, in
certain areas, hurricane protection, electric vehicle charging stations and seismic
Project Financing upgrades.
Greenworks Lending [Stamford, 2015]: Greenworks Lending (GWL) is an origination

and lending platform for money- and energy- saving capital upgrades in commercial
buildings. GWL utilizes PACE financing so building owners can access long-term,
lower-cost capital. GWL partners with contractors looking to expand the number and
increase the size of projects they complete. GWL also supports and partners with
states, counties, and municipalities interested in promoting economic development,
Project Financing creating jobs, and reducing pollution.


Renovate America [San Diego, 2010]: Renovate America provides homeowners with
low cost, long term financing for renewable energy systems and water efficient
products. Renovate America partners with local governments to launch co-branded RockPort Capital Partners, Spring
HERO Programs. Lending capital is provided by private sources, and payments are $169.68M Creek Group, Silver Lake, Valor, DFJ,
collected by the municipalities along with a resident's property taxes. The HERO Macquarie, 400 Capital Management
Program provides local governments with a no-cost, turnkey solution to implement a
Project Financing - B2C PACE program quickly and easily.
Mosaic [Oakland, 2011]: Mosaic is a crowdfunding marketplace where investors can

lend to borowers who are in need of funds for their solar power projects. The Verizon, DoE USA, dzbank.com,
investors can put in as little as $25 to start funding and supporting clean energy. Over $26.64M Serious Change, greenbank.ny.gov,
the period of two years (2011-2013), nearly 2,000 people have invested over $3.8M Spring Ventures
Project Financing - B2C - Marketplace in solar projects through Mosaic’s platform
Geostellar [Reston, 2011]: Geostellar is a solar energy marketplace and patented

platform to instantly &; interactively tailor equipment, financing and installation. It
offers financing options like loan leases PPA etc and offers solar panels, inverters
racking from the leading brands and carries out the installation work. The company
also looks after the maintenance and monitoring part of the system. It also provides
Flash Forward Ventures, DoE USA,
automated assessment of user's home's location, roof size, shading and orientation of
$19M GeoEye Analytics, NRG Energy, Select
energy savings. These estimates of solar incentives, usage patterns and utility rates
Venture Partners
are based on publicly available information. Geostellar pioneered big-data geomatics
to make solar energy accessible, affordable and plentiful. The company is the
recipient of numerous awards, including selection as an IHS Energy Innovation
Pioneer, the Global Cleantech100, the Global Cleantech Cluster Association's Best of
Project Financing - B2C - Marketplace Solar and the AlwaysOn GoingGreen Global 200.


The Sun Exchange [Cape Town, 2014]: The Sun Exchange is a peer-to-peer lending
platform that connects people wanting to invest in solar energy with people that want
to access it. Through it people can crowd-lend their money so that community
centers, schools, businesses, factories and even whole neighbourhoods can achieve
their goals of going solar and reducing running costs.The Sun Exchange hosts solar
Project Financing - P2P Marketplace projects worldwide, so individuals can choose from a portfolio of investments.
MyWeddingLoans [ , 2012]: MyWeddingLoans is a online lending platform that offers

personal loans of upto $40,000 for financing wedding and honeymoon expenses. It
claims to transfer money into borrower's checking account within 2 to 3 business days
of approval. The rates on the platform start from 5.99% APR. It redirects to
Wedding Loans LendingClub's website once the borrower applies for the loan.
Swanluv [Seattle, 2015]: Swanluv funds weddings $10,000. The company reviews the
couples' relationship and sets an interest rate based on the compatibility calculated.
Cash from divorces is used to cover future nuptials. Plan to sell advertisements to
generate revenue.
Wedding Loans
Wedlite [Jakarta, 2015]: Based in Indonesia, Wedlite is an online platform to provide
loans for the expenses of the wedding. The loan is financed by the multi lenders of the
city for a collateral(generally a vehicle). The multi lenders disperses the funds directly
to the wedding vendors appointed by the wedding couple. The revenue model is to
collect commission amount from the multi financiers. The risk is rested with the multi
Wedding Loans financiers.


Promise Financial [ , 2014]: Promise Financial is an online consumer lending platform
focused exclusively on wedding finance. It provides unsecured loans of up to $35,000
for a loan tenure of 3 years at interest rates starting at 5.89% APR. Funds can be used
for weddings, engagement rings, honeymoons and other expenses, and are deposited
$3.83M libremaxcapital.com
directly to borrower's bank account. It also provides content and advice related to the
financial aspects of wedding planning, including budget tools, a printable wedding
checklist, and our wedding finance blog. The loans for Promise Financial are
Wedding Loans - B2C originated by Cross River Bank.
58fangdai [Nanjing, 2015]: 58fangdai.com is a lending platform providing rent
installment services. The company aims to alleviate the financial burden of college
9FBank, AC Index Fund, Will Hunting
graduates by paying their three months’ rent plus deposit up front. Students then pay
$20.17M Capital, Zhongcheng capital, China
the app on a month-to-month basis. The company provides service to multiple large
Renaissance
cities including Beijing, Shanghai and Nanjing. It claims to have generated RMB 150
Home Rentals million income per month.
Huifenqi [Beijing, 2014]: Huifenqi is an online platform that providers users with
loans to pay their home rentals. Charges an interest rate depending on the duration
$5.6M Source Code Capital
of loan, 3-months, 6-months or 12-months. Raised $5.6M in funding from Source
Code Capital
Home Rentals
WeZebra [Beijing, 2014]: WeZebra operates a payment platform that provides
installment plans to home renters. In China, rental installments are typically three to
six months at a time and targets students or young white collar workers who struggle
to pay the fees upfront. It monetizes by charging a 4% commission fee for three- $771k Ren Venture Fund, N5Capital, Fenqile
months rental and a 6% commission fee for six-month rentals. It has presence in three
Chinese cities, Beijing, Shanghai and Chengdu as of Aug 2015. Claims to have raised
Home Rentals tens of millions in funding in Aug 2015


LenderExchange [Singapore, ]: LenderExchange.com is a marketplace for refinancing

loans that enables borrowers to find a buyer for their existing loans and get a new
loan at a lower rate. The borrower applies on the platform stating the existing rate
and interest rate, the platform then selects and presents the option for refinancing.
Loan refinancing platform

Business Loans (1/119)

Wanglibao [Beijing, 2014]: Wanglibao.com is an online financial platform that focuses
on providing loans to small- and medium-sized enterprises (SMEs), unlike the
traditional and dominant peer-to-peer (P2P) lending business. Wanglibao was
launched in September 2014, with $10 million in funding from the US-based venture $50M IDG
capital firm IDG Capital Partners. Wanglibao, raised $40 million in financing from the
Shenzhen-listed Hongli Opto-Electronic Co, a developer and manufacturer of LED
products.
Konfío [Mexico, 2013]: Konfio is an online lending platform that helps micro-
QED Investors, KaszeK, Accion, Jaguar
businesses in Latin America who don’t have access to credit obtain affordable loans. It $8M
Ventures
possesses a propriety algorithm that uses technology to measure creditworthiness.
Endurance Lending Network [San Francisco, 2011]: Endurance Lending Network is a

web-based lender focused on small and medium businesses in the United States.
Provide loans of between $25,000 and $500,000 to high-quality entrepreneurs $1.5M Thayer Street
looking for expansion capital, equipment purchases or more general needs. Was
acquired by Funding Circle in Oct 2013.
Kingsway Finance [Wilmslow, 1992]: Kingsway Finance provides asset finance to

brokers, suppliers or directly to end users as well as professions loans. Asset types
british-business-bank.com
that can be financed include IT Equipment, Machinery, Office Equipment, Shopfitting
&; Vehicles.
FundsCorner [ , 2016]: Fundscorner is online lending platform which provides loans to

small businesses in India. Claims to be using digital data of small business to
underwrite the credit proposals and provide loans. Founder from INSEAD. As of Feb
'16 the company is in stealth mode.


FundsTiger [Bangalore, 2016]: FundsTiger is a SME lending platform in stealth mode.

Founders from IIT Delhi, IIM Bangalore and University of Pennsylvania - The Wharton
School.
Thinking Capital [Montreal, 2006]: Thinking Capital offers merchant cash advance
and term loans. It understands how SMBs work and tailors financing to each business,
using its own proprietary software, algorithms and technology to analyze data. Some
of the industries that they serve are retail, restaurant &; hospitality, auto and health.
Strategic Funding [New York City, 2006]: Strategic Funding provides alternative
financing solutions such as business cash advance, revenue based finance (ACH),
secured business loans, asset based lending and factoring. It provides financing to a
wide range of businesses including retailers, restaurants, hotels, medical
professionals, manufacturers, wholesalers and automotive dealers and suppliers.
Rebirth Financial [New Orleans, 2010]: Rebirth Financial is a platforms providing

multiple services to SMBs including loans, insurance services, merchant processing,
payroll management, SEO, marketing and SEM. Its various credit products include
business loans, Peer to business loans, acquisition loans, account receivable factoring,
commercial real estate loans, startup loans, business term loans, lines of credit, SBA
loans, merchant cash advance, franchise loans, equipment financing and 401k
financing.
BondMason [London, 2015]: BondMason is an online P2P lending platform that

facilitates lending in UK. It allows various classes of investors to invest in the loans
such as Private Investors, IFAs, Institutional Investors, Family Offices and hedge funds
to invest in various loan products. It also claims to provide secondary marketplaces for
trading loan notes. As of October 2015, the company is awaiting FCA approval.


Quick Bridge Funding [Irvine, 2011]: Quick Bridge Funding provides multiple credit
solutions to small and medium businesses so that they may meet their working capital
expenses. The platform is an alternative financing platform that provides solutions
such as purchase financing, bridge loans, and more. Quick Bridge also has a mentoring
program to help entrepreneurs that borrow from the platform. Quick Bridge Funding
achieved the Orange County Business Journal’s No. 1 rank based on a 2,236 percent
increase in revenue for the 12 months through June 30, 2014, compared with the
same period two years earlier.
Rongyu100 [Shanghai, 2013]: Rongyu100 is an online and mobile based SME

financing platform. It helps businesses by matching them with financing institutions
for financing needs by claiming to provide a shorter cycle for approval and reasonable Xianfeng Huaxing, Matrix Partners
interest rates. Claims to have partnered with various banks and credit lending
Term Loans agencies. Has raised Series B from Huasheng Capital.
Y-F Innovation [Shanghai, 2014]: Y-F Innovation is an online finance platform which is
primarily focused on providing financial services for SMEs. It provides users with
financing services such as connecting to banks, venture capital funds, corporate
lenders etc. aiming to solve the financing difficulties such as expenses and cash flow
Term Loans problems. It claims to have raised Angel round of funding.
SouthStar Capital [ , 2008]: SouthStar Capital provides personalized Accounts

Receivable Financing, Asset Based Lending, Purchase Order Financing and Equipment
Leasing. They can make a decision within 3 to 5 days and fund immediately
thereafter. It does not impose maximums for the client’s monthly receivables. It can
work with startups or companies that have been in business for 100 years.It will work
with clients experiencing tax problems, re-organizations, and capital short falls. It can
Term Loans tailor fit a solution for the client involving one or multiple products.


Bizcash [Brisbane, 2012]: Bizcash offers fast and easy loans from $1,000 up to
$100,000. Business loans that require higher amounts are considered upon request.
They offer 4 types of business loans fit for small businesses – Small Business, Short-
Term, Commercial Business Loans and Loans for Bad Credit. It provides flexible
repayment options that range from 1 week to 5 years, as determined by the loan
amount and terms.Bizcash provides clients with access to a 5-year line of credit.
Clients who have been approved for a loan amount and have made partial or full
payment of the loan amount can access the amount without going through a new
Term Loans application process.
Companisto [Berlin, 2012]: Companisto is a Germany-based crowdfunding platform

for startups and growth companies. It offer equity crowdfunding for startups and debt
crowdfunding for growth companies. There is no minimum investment amount on the
platform. As on February 2016, €26M has been raised for 47 projects through the
Term Loans platform.
CashMere [Brescia, 2015]: CashMere offers financing options to SMEs. As on

February 2016 it is in private version.
Term Loans
LQD Business Finance [Chicago, 2010]: LQD Finance offers customised loans to SMEs.
It is a technology based specialty finance company that uses LQD Matrix, their
proprietary underwriting and risk management technology, to provide business loans.
Term Loans


Intrinsic Capital Solutions [Portland, 2015]: Intrinsic Capital Solutions is a leading

provider of commercial financing for businesses across the United States. Offer a
variety of alternative lending solutions that allow business owners to get the financing
they need to build and grow their businesses.
Term Loans
Credit4 [London, 2013]: Credit4 is a provider of guarantee-backed, flexible lending

facilities of between £15,000 and £100,000, for growing UK SMEs. They offer funds
for short term cash flow purposes, expansion, investment in business.
Term Loans
Aprenita [New York City, 2015]: Aprenita is a financing company focused on

providing growth capital loans for mobile app businesses. The platform has an
algorithmic rating system that analyzes app store and analytics data in real-time,
enabling to instant lending decisions. Loan sizes are primarily dependent on app
Term Loans portfolio's recent performance and current marketing spend.
Capital Aid [London, 2015]: Capital Aid helps small business grow through strategic
growth loans based on company performance. They provide crowdfunding bridge,
SAAS purchase, and E-Commerce growth loans.
Term Loans
Capsurge [Jaipur, 2015]: CapSurge is a marketplace, in which lenders (institutions)

can invest and manage debt products of registered and verified SMEs. Founders are
IIT, UC Berkley Alumnus.
Term Loans


Chestnut Loans [Singapore, 2015]: Chestnut empowers small businesses by providing

access to affordable loans. The company claims to have network-driven lending
platform and uses data sciences to improve credit risk decisions for micro
entrepreneurs &; SMEs.
Term Loans
Capital On Tap [London, 2012]: Capital On Tap provides business loans to SMBs of up
to £10,000 for a loan tenure of up to 10 weeks. The monthly interest rates vary
between 0.9% and 5.7%. It also offers invoice financing to suppliers and allows up to
100% of the total invoice value. The company performs credit check on the
Term Loans consumers and allows the suppliers a higher credit disbursal to their customers.
Phase Lending [ , 2014]: Phase Lending offers business term loans and lines of credit
to small businesses. The term loans range between $5,000 and $250,000 for a tenure
of 3-24 months and lines of credit up to $20,000 for a tenure of 6 months. The
repayment is a fixed amount which is deducted from the business' account either on a
daily or weekly basis. The loans are backed by a personal guarantee and lien on
commercial assets of the business. It charges 15% of the total loan amount and 2.5%
for the first loan as loan origination fee. It requires the borrower to have $100K in
annual sales, a credit score of 500 and 1 year in business. Phase Lending is backed by
Term Loans Google Ventures and has delivered over $1.7B in loans.
Banjo [Melbourne, 2014]: Banjo is an online lender providing secured and unsecured
loans to small business. It offers loans ranging from A$5,000 to A$500,000 with a 1-
6 months of repayment period. As of July 2015, Banjo hasn't commercially launched
its product.
Term Loans


Lendini [ , 2014]: Lendini is a provider of business loans including business cash
advance, merchant cash advance and small business loans. It offers loans from $1,000
to $2M to businesses which have completed at least 6 months in business and
monthly sales of $5,000. The repayments are as a fixed percentage of daily sales for a
Term Loans tenure of 4-12 months.
SmartBiz Loans [San Francisco, 2013]: SmartBiz offers SBA loans to businesses for
meeting various needs such as working capital finance, equipment financing, and
more. The platform offer loans for a principal amount that can range from $5.000 to
$350,000 for a term exceeding no more than ten years. All loans are secured by a
personal guarantee provided by the borrower. If a loan is needed to finance
equipment purchase, SmartBiz pays off the vendor directly and places a lien on the
asset purchased. SmartBiz is a joint effort of Golden Pacific Bancorp and Better
Term Loans Finance, Inc.
Prospa [Sydney, 2012]: Prospa provides unsecured business loans to Australian small
businesses. It offers loans from $5,000 to $250,000 for a loan tenure of up to 12 Carlyle, Entree Capital, AirTree,
$60M
months. The company has so far financed over A$70M worth of SMB loans. In 2015, Ironbridge Equity
Prospa was recognised as a Telstra Business Awards Start Up Finalist.
Term Loans - B2B
YuanBaopu [Hangzhou, 2013]: YuanBaopu is a platform to address the financing

needs of enterprises and businesses. Some of the loan application conditions are
business should have online operations, average monthly sales of 300 million yuan $16.9M Tencent, Banyan Capital
etc. It provides line of credit up to one million yuan with a terms of about 1 to 6
Term Loans - B2B months.


Credibly [Michigan, 2010]: Credibly (fka RetailCapital LLC) is an online platform that
provides secured and unsecured business loans of up to $250,000 in the form of
business loans, merchant cash advance, business credit cards, fast cash advance, line
of credit working capital financing, small business loans. With business loans,
AloStar Bank, SunTrust, Flexpoint Ford
businesses pay a fixed amount every day as compared to merchant cash advance
where businesses pay a fixed proportion of their daily sales. The company was rated
as 35th fastest growing privately owned company in Inc.5000 list. All loans obtained
Term Loans - B2B through Credibly are made by WebBank, a Utah-chartered industrial bank.
Huasheng Finance [Shanghai, 2013]: Huasheng Finance is an online alternative

lending platform for businesses to borrow funds. It caters to business sectors such as
Everbright ReinFore, Matrix Partners
e-commerce, medical, manufacturing and logistics. It has raised Series A round of
funding from Matrix Partners in August 2014.
Term Loans - B2B
Credibility Capital [New York City, 2013]: Credibility Capital provides an online
platform for SMB loans by matching institutional lenders with business owners
seeking to borrow $10,000 - $150,000. The borrowers on the platform are sources by
Dun &; Bradstreet. The company does its own underwriting for the borrowers.
Term Loans - B2B
Start Up Loans [London, 2012]: Startup Loans UK provides business loans, up to
£25,000 for a tenure of 1-5 years, to startups. It is a government funded initiative that
works with £330M of government funding and various delivery agents to disburse
loans to the companies. The borrower firm should be trading for at least 2 years to be
eligible for the loan. Some of its corporate partners include PayPal, Regus, eBay, Intuit
Term Loans - B2B and Flyerzone.


AmeriMerchant [New York City, 2002]: AmeriMerchant is a US based provider of
small business loans, merchant cash advance and inventory purchase programs. It
offers business loans between $5,000 and $500,000 for working capital needs of the
businesses. The merchant cash advance program works on income share agreements
wherein AmeriMerchant buys a proportion of future credit cards sales of the
merchants in lieu of the cash advance. If offers inventory purchase programs in which
it liaises with the seller for payment related to the inventory and then receives daily
Term Loans - B2B repayments from the merchant.
RapidAdvance [Bethesda, 2008]: Rapid Advance offers multiple credit solutions to
small businesses that are in need of funds. The solutions on offer include preferred
rate loans, small business loans, line of credit, merchant cash advance, and more. The
platforms serves small businesses such as auto repair shops, salons, restaurants,
medical practices, etc. Some of Rapid Advance's partners include commercial finance
programs, community banks, business finance brokers, and Credit Card Processors
Term Loans - B2B ISO's.
Rongzi [Shanghai, 2010]: Rongzi provides an online platform for small and medium
businesses to apply for loans from financial institutions. Claims that more than 1,000
Greenwoods Asset Management, New
banks, securities firms, trusts and leasing companies offer 2,000+ financing products $32M
Access Capital
through its platform. Has presence across multiple cities including Shanghai,
Term Loans - B2B - Marketplace Guangzhou, Shenzhen, Nanjing, etc.
Lendio [South Jordan, 2006]: Lendio (earlier known as Funding Universe) is a small
business lending marketplace that helps business owners secure financing. It offers a Square 1 Bank, Pivot Holdings, North
range of business loans including traditional term loans, short term loans, line of Hill Ventures, Tribeca Venture
credit, startup loans, equipment financing, business financing, SBA loans, account $31M Partners, Runa Capital, Napier Park,
receivables factoring, acquisition loan, cash advance, real estate micro loan, P2P loan, GSA Venture Partners, Blumberg
franchise loan and business loans for women. Raised $2M in debt in June 2011 from Capital, Highway 12 Ventures
Term Loans - B2B - Marketplace Square1 Financials.


Edingtou [Beijing, 2014]: Edingtou is an investment and financing platform which
provides fixed investment and personal wealth management products and business
loans, school loans, car loans, credit loans and other financing products. Some of its $11M Juxinda
features include a professional investment team, strict risk control, compliance fund
Term Loans - B2B - Marketplace management. It claims to have raised Series A round of funding.
InstaPartners [Milan, 2015]: Instapartners is a Milan based lending platforms catering

to small and medium sized enterprises and to institutional investors. The company, as
of March 2016, is waiting the authorization from Banca d’Italia to operate as a
$8.7M
financial institution. They plan to offer loans ranging from 10k-500k Euros and claim
to provide lower rates in comparison with traditional SME lenders. The company,
Term Loans - B2B - Marketplace however hasn't released any lending products yet (as of March 2016).
Liftforward [New York City, 2013]: LiftForward operates a marketplace loan platform
which provides loans to small businesses and high yielding debt products to investors.
Investors on the platform range from hedge funds to asset managers. Businesses are
$2.3M GLI Finance, varaderocapital.com
able to borrow up to $1 million per transaction for asset purchases, purchase order
financing, or working capital. LiftForward partners with suppliers, retailers and
Term Loans - B2B - Marketplace manufacturers in order to provide financing to their small business customers.
Raiseworks [New York City, 2013]: Raiseworks is an online lending marketplace
which connects SMBs with institutional investors willing to invest money. The
platform offers loans for up to $250,000, with terms ranging from 4-36 months long.
Only businesses that been operational for at least 9 months are eligible to apply for $1.5M
loans, applications are subject to other screening criteria as well. The loans are often
secured by the borrower providing a personal guarantee or a liability that extend to
Term Loans - B2B - Marketplace the assets of the business. The portal does not charge an application fee.


TUTRIPLEA FINANCE [Golmayo, 2013]: MyTripleA is a provider of business funding
platform for SMEs, freelancers and entrepreneurs. The money is lent by private
investors or companies. It is licensed as a payment institution and comes under the
purview of Bank of Spain. The borrower registers on the website and puts up the
detailed description of the loan amount and purpose. If the loan fails to achieve at
least 90% of funding, the money is returned to the investors' account. The interest
rates on the loans vary between 1.5% to 25%. MyTripleA charges between 0.3% and
4% of the loan amount once the loan is funded and between 0.2% and 3% annually $1.06M GLI Finance
based on the capital outstanding. The platform extends both unsecured and insured
loans to local SMEs. GLIF invested €445,500 in the company in April for a 9.9% stake
and has also committed to sourcing funding for €10 million of loans made through
MytripleA, while other private investors have committed a further €4 million for the
same purpose. MyTripleA also has a partnership with the Spanish Confederation of
Small and Medium Enterprises which will endorse MyTripleAs services to over 2
Term Loans - B2B - Marketplace million SMBs in Spain.
Funding Wonder [New York City, 2013]: Funding Wonder is an online lending
platform that allows accredited investors provide financing to small businesses. The
businesses can borrow between $20,000 and $200,000 for a loan tenure of 1-5 years
and interest rates between 7% to 19%. It performs a due diligence on the business,
before allowing them to upload the loan application on the platform, on the basis of
$450K
which businesses are assigned a rating between A+ to C-. The loans are secured by
personal guarantees and/or lien on the assets of businesses. Funding Wonder charges
a one-time fee for loan postings and a subscription fee from the borrowers. The
borrowers are from a diverse set of industries including medical, health and fitness,
Term Loans - B2B - Marketplace hospitality and other services.


Lendinero [Miami, 2012]: Lendinero is an alternate lending platform that provides
multiple credit solutions to business owners. Lendinero offers credit products such as
prime loan, line of credit, cash advance, and more. The principal amount lent can rise
up to $2,000,000 USD with a term not exceeding 24 months. The loans are available
$30k
to businesses that have at least one year of operational experience, an annual
revenue that exceeds $10,000, and are based in United States. The repayments are
periodical and can be daily, weekly, or monthly. Lendinero is a subsidiary of KGFA
Term Loans - B2B - Marketplace Capital Ventures LLC.
Indifi [Gurgaon, 2015]: Indifi is a SME lending platform which aims to connect small
businesses with formal lending institutions and enable disbursements within four days
from application. It collects a fee for the services provided to lenders – from
marketing, to data collection and analysis, and on-ground documentation and
Accel Partners, Elevar Equity
verification. Claims to have partnered with travel and ticketing platform, cab
aggregator and ecommerce company. It has raised funding from Accel Partners,
Elevar Equity, Pramod Bhasin, Rajan Anandan, Gaurav Dalmia, Abhishek Goyal, Gagan
Term Loans - B2B - Marketplace Hasteer and Arun Tadanki.
SMEcorner [Mumbai, 2014]: SMEcorner is an online platform that enables SMEs to

avail of loans from banks and NBFCs. Users can select the type of loan on the platform
Accion
and fill out the application form post which documents are picked up by the company
which are sent out to banks. Users can track their application on the platform.
Term Loans - B2B - Marketplace
Biz2Credit [New York City, 2007]: Biz2Credit is a multi solution credit source for small
businesses. The platform offers credit products such as SBA loans, traditional bank
loans, business lines of credit, equipment financing, business acquisition loans,
commercial real estate loans, refinancing and merchant cash advances. The amount Direct Lending Investments, LLC
borrowed from the platform can rage from $5,000 to $5M. Biz2Credit charges
borrowers an underwriting fee once a loan has been successfully granted. Biz2Credit
Term Loans - B2B - Marketplace has arranged for $1.2 billion worth of credit for over 100,000 companies.


ThinCats [Sydney, 2014]: Peer-to-Business lending platform ThinCats Australia

connects wholesale investors with SME borrowers across Australia. ThinCats Australia
ESF Capital
operates under an Australian financial services licence and is 25% owned by ThinCats
UK.
SMEFinancemart [Gurgaon, 2014]: SMEFinancemart is a web based venture that
enables MSMEs to access funding and government schemes. The company works as a
business advisory platform where it helps facilitation of timely credit flow to micro &;
small businesses. It assesses the needs of MSMEs and in consultation with them
chooses the most appropriate product and suitable lenders who have the matching
Term Loans - B2B - Marketplace risk appetite. It further submits a quality application to the lender for loan sanction.
ZoukLoans [Delhi, 2015]: ZoukLoans claims to be working towards consolidating the

Indian SME credit markets through the use of technology and credit underwriting
processes. It claims to offer collateral-free working capital and customized secured
loans for businesses.
SMELending [Bangalore, 2015]: smelending.com is a lending marketplace that is
connecting the buyers, business sellers and lenders to create a more efficient way of
distributing capital than conventional means. It claims that the uniqueness of the
marketplae arises from getting access to non-traditional data points from the business
process of buying and paying. These data points digitized and embedded into the
lending process helps in reducing the operational risk &; costs of lending. Through the
marketplace, whenever a buyer is purchasing goods or services from a seller, they can
opt to pay through smelending.com whereby they are extended a short-term credit
instantly.Smelending.com is a business initiative of Innoviti Payment Solutions. It also
claims to be present in 30+ cities and distribute 400 loans daily with Rs. 400 crores
Term Loans - B2B - Marketplace distributed annually and claims to have 20,000 registered buyers.


Wjr [Hangzhou, 2015]: Wjr operates an online marketplace for SMBs to raise funds.
Helps them to lend money from financial institutions such as banks , funds, securities
firms, etc. Expedites the process for SMBs by eliminating intermediaries in the
process. Provides commercial loans, account receivables loans, inventory loans, etc.
YesGrowth [London, 2013]: YesGrowth is a lending platform for UK business loans

offering unsecured loans of £25k to £250k from 3 to 12 months. It allows private,
sophisticated investors to invest in their syndicated loans through their CB Growth
Fund.
SME Capital [London, 2014]: SME Capital is debt funding platform matching
institutional investors with successful and established private companies at the larger
end of the SME space. It provides a fully integrated solution to its clients by providing
a loan servicing tool to borrowers and a loan origination, management and
Term Loans - B2B - Marketplace monitoring suite to investors together with full credit disclosures.
VentureFin [Dubai, 2015]: Venturefin is an equity and loan crowd investing platform
that connects qualified investors to opportunities in project finance, the start-up
ecosystem and early-stage companies world-wide. Venturefin provides investors with
international opportunities and facilitate investments by bridging the gap between
Term Loans - B2B - Marketplace investors and businesses. As of Jan 2016 it is in stealth mode.
Market Finance India [Bangalore, 2015]: Market Finance India is a B2C marketplace
that connects borrowers to multiple banks and NBFCs. Uses proprietary analytics to
determine credit worthiness. Partners include Pincap, Chola, Capital Float, Essel
Finance and Lending Kart among others.


Loan Frame [Mumbai, 2015]: Loan Frame is a SME lending marketplace. Uses
proprietary technologies to originate, underwrite and distribute small business
lending products. Claims that lenders will get access to pre-screened borrowers to
reduce acquisition costs and decrease NPAs. Claims to be funded.
PaperStreet [London, 2013]: The Paper Street is an online platform that allows
businesses to connect with potential lenders through social networking platforms like
Facebook, Linkedin and Twitter. It allows companies to borrow at flexible interest
rates and payment terms. Repayment can be done in cash, products, services and
even discounts on products and services. Lenders create their profile on the platform,
link their social network account to their profile and invite customers, company
management and even previous investors to become members. They can browse and
discover companies that require funding, look for other members that want to invest,
and also discover investment opportunities when companies are issuing loans or
bonds. It also allows borrowers to have the flexibility to structure loans and bonds to
fit their needs including frequency and type of interest payment, length of loan and
Term Loans - B2B - Marketplace when the principal will be paid.
LendingYard.com [ , 2013]: Lending Post is an online lending platform for business
owners and property developers. It provides cash flow financing needs for business
owners including secured short term finance, invoice financing, factoring, purchase
order finance, export finance, equipment financing, automotive financing, commercial
financing for investment or commercial property purchase. Once a business is verified
and the loan request is uploaded on the marketplace, Lending Yard then matches the
loan request to lenders and allows the borrower to either accept the loan terms when
Term Loans - B2B - Marketplace the loan is fully committed or wait for 30 days to get more competitive rates.


Neu Capital [ , 2015]: Neu Capital is an online lending platform for business loans. Its
marketplace shows de-branded, anonymous information about companies raising
capital, such as the sector, region, funding goal and very low-precision performance
data. It facilitates both, equity and debt funding for the companies and the minimum
round size is A$5M. It charges a flat A$5K fee, when a listing goes live and a 1% fee
Term Loans - B2B - Marketplace when the deal is closed.
OwnersCircle [Berkeley, 2014]: OwnersCircle is an online lending platform that

connects small and lower middle market companies with select lenders. Through a
questionnaire, they pre-qualify business owners for financing options that are
available to them based on their business profile, financial performance, and growth
Term Loans - B2B - Marketplace plans.
Namaste Credit [Bangalore, 2014]: Online maketplace for business loans which
matches funding needs of businesses with lenders. The platform helps with rating the
business and submitting the required information and paperwork to multiple lenders
in order to get approval for then needed capital. Also offers a customizable financing
program for businesses with less than perfect credit score. Uses its risk scoring
Term Loans - B2B - Marketplace algorithm to match borrowers to financial in a secure environment.
Lending Mill [The Woodlands, 2015]: Lending Mill serve financing needs of small
businesses.S pecialize in unsecured business lines of credit ranging from $25,000 to
more than $150,000 to start or grow business. Also specialize in Real Estate,
Litigation, and Oil &; Gas financing. Lending Mill has partnered with Impeccable
Term Loans - B2B - Marketplace Credit Services to handle client's credit challenges and get the funding they need.
Lending Tap [ , 2015]: LendingTap helps small &; medium sized businesses secure fast
&; competitive financing. Service is free for clients and the company is compensated
by lending partners if and when LendingTap facilitates successful funding transactions.
Partners offer flexible capital options, typically ranging from as little as $25,000 to as
Term Loans - B2B - Marketplace high as $500,000.


InstaKash [Bangalore, 2014]: Instakash aims to empower small businesses using the
lending platform. They are currently offering terms loans and line of credit to small
businesses and car owners who are partnered with Ola, Uber, Taxiforsure or Meru.
Uses proprietary algorithm to arrive at alternate credit scores. Claims that the
application process can be completed in minutes and loan is processed in 72 hours.
The company has a NBFC license. Has received undisclosed amount of funding from
angel investors. Founder stopped working on the company as of Jan 2016 (according
Term Loans - B2B - Marketplace to Linkedin profile).
LoanKuber [Delhi, 2015]: LoanKuber is a marketplace for business loans. Offers

unsecured loans, working capital, loan against property and structured loans.
Borrowers can apply to multiple lenders. Lenders receive real time information and
documents through the Platform. Has a credit expert which reviews and filters loan
Term Loans - B2B - Marketplace applications. Provide a dedicated RM and an online support service.
Loansetu [Delhi, 2015]: Loansetu is a B2C marketplace for offering loans to MSMEs.
Borrowers have to sign up, enter CIBIL score and mention their borrowing request
and get offers from banks, NBFCs. Lenders can browse through profiles and make loan
offers. Borrowers profile is live for 3 weeks or 3 offers.
LoanXpress [Mumbai, 2014]: LoanXpress is a marketplace offering services to SMEs in

India. Offers support for unsecured business loans, working capital loan, medical
equipment and secured business loans. Borrowers have to select loan type, fill and
submit an application form and LoanXpress will help the borrower find the best deal.
Term Loans - B2B - Marketplace Also offers document pick up services.


CommLoan [ , 2014]: Comm Loan provides an online platform that matches potential
borrowers with lenders such as banks, credit unions, insurance companies,
commercial mortgage companies, private money lenders and other financial
institutions. It has a CUPID platform that provides varied services, to lending
institutions, like social media and private label marketing of the firm, personalized
website, centralized processing, pricing engine and an automated underwriting
system. A range of loans can be accessed on its website including first mortgage,
Term Loans - B2B - Marketplace second mortgage, lines of credit, bridge loans and mezzanine financing.
Herio Capital [New York City, 2015]: Herio Capital is an alternate lending platform
that provides term loans for small and medium businesses. The platform provides
loan for a principal amount up to $100,000 USD with a term not exceeding 24
months. Some of the requirements for eligibility include a revenue of $120,000, a
FICO score of 500, and a minimum of one year of business operations. The
repayments options include fixed daily, fixed weekly, and customized variable
payments. All loans are secured through a personal guarantee obtained from the
Term Loans - B2B - Marketplace borrower.
Crowd Financial [London, 2014]: Crowd Financial is an online platform for
marketplace lending and direct venture capital investment. It offers investment
opportunities to venture capitalist to invest in high growth companies from lead
origination networks and also offers complete deal management and flow process
reporting. For marketplace lending it extends market intelligence, order management
Term Loans - B2B - Marketplace and post-trade services.
CreditPlace [Tel Aviv, 2013]: CreditPlace is Israel-based peer-to-peer lending

marketplace. It allows high quality businesses and sophisticated investors to engage
directly while reducing the credit costs for businesses and allowing investors to
improve their return on funds by cutting out the middle-man.


Biz2Credit [Noida, 2011]: Biz2Credit is an online credit resource for startups and
small businesses. It is an online marketplace bringing together lenders and fund
seekers to get small business loans, lines of credit, equipment loans, working capital
and other business funding options. Partners include Axis Bank, Deutsche Bank,
Indiabulls, Bajaj Finserv, Bank of Maharashtra, etc. Indian subsidiary of Biz2Credit
Term Loans - B2B - Marketplace which has raised $250M from Direct Lending Investments.
OnDeck [New York City, 2007]: OnDeck (fka OnDeck Capital) is a technology powered
SF Capital, Institutional Venture
lending company for SMBs. It leverages electronic information including online
Partners, Fortress Investment Group,
banking and merchant processing data to identify the creditworthiness of small
Contour Venture Partners, Lighthouse
businesses. Repayments are made through fixed daily deductions from the business
Capital Partners, Tiger Global, Square
bank account and the loans are usually secured by liens on business assets and
$180M 1 Bank, Tumelo DB, Google Ventures,
personal guarantee. Loans range from $5k to $250k. In August 2012, the company
First Round, Sapphire Ventures,
secured a $100 million credit facility from Goldman Sachs and Fortress Investment
Khosla Ventures, Village Ventures,
Group. In September 2013 OnDeck announced $130 million in increased credit facility
Goldman Sachs, KeyBank, Industry
commitments with assistance from Deutsche Bank, Key Bank and Square 1 Bank. To
Ventures, RRE Ventures
Term Loans - Direct Lender date, OnDeck had funded more than $4 billion in loans since its inception.
ezbob [London, 2011]: ezbob provides financing to businesses for up to £120,000 and
a loan tenure of up to 24 months. The customer can apply for the loan online and
upload the required documents on the website. Borrower also has an option of linking honeycombplc.com, Leumi Partners,
their online accounts like PayPal, eBay or Shopify accounts to provide their credit http://finovate.com/ezbob-raises-3-
history. Once the application is approved, the money is transferred to borrower's $82.57M million-in-private-equity-investment/,
account. ezbob is the trading name of Orange Money and it acquired Everline, an Shawbrook, Angel Co Fund, Oaktree
online business loan provider in UK, in January 2015. Everline and ezbob have Capital, Phenomen Ventures
collectively provided over 6,000 business loans and lent over £70M to small
Term Loans - Direct Lender businesses since their inception in 2012.


iwoca [London, 2011]: iwoca is an online platform for providing unsecured business
loans for short term finance in UK. The loan amount is usually up to the business' one CommerzVentures, Beyond Digital
month revenue or for up to £100,000 (or £10,000 for a startup) for a loan tenure of 1- Media, Talis Capital Ltd, Redline
$32M
12 months. iwoca serves a wide range of industries including retailers, restaurants, Capital, Global Founders, Acton
hotels and service providers. The loans are usually backed by guarantees from Capital
Term Loans - Direct Lender directors of the business.
Founders Fund, Peterson Partners,
Able [Austin, 2014]: Able is a collaborative lending platform that provides business
RPM Ventures, BaseCamp Ventures,
loans upto $500,000 USD. Small businesses apply to Able for a loan and upon the
OTTORROCKCAPITAL, TDF Ventures, E,
acceptance of their application receive a loan for 75% of the amount. The remaining
Peterson Partners, Rothenberg
25% has to be financed by friends, family and backers of the business owners. Able $13.2M
Ventures, Blumberg Capital,
collects monthly loan repayments and distributes it (pro-rata) among the creditors.
Floodgate, Expansion, Western
The interest charge by Able is less than 16% and the credit term is between 1 to 3
Technology Investment, Correlation
years.
Term Loans - Direct Lender Ventures
iPawn [Tyler, 2011]: iPawn is an alternative lending platform that offers internet first
pawning services to its customers in need of immediate funding. A borrower needs to
fill out an application and ship the asset (collateral) to receive a quick quote on the
loan amount, which varies between 50%-80% of the asset value. If the borrower
agrees with the quote, the loan amount is disbursed in the borrower's account, and is $8M
secured against the valuable provided. iPawn charges a 1% interest rate on all items
worth $2,000 and more and a 5% interest on items that have valuations below $2000.
iPawn has several partners that help the platform along the way, including Ernst
Term Loans - Direct Lender Young, FedEx and PayPal.
WBL [New York City, 2011]: World Business Lender is an alternate lending source for
the credit needs of businesses. It offers traditional business loans (from $10,000 to
$2M with a maximum tenure of 18 months) and Business loan of choice (min loan of
$100,000 with real estate collateral). Depending on the type of loan products the $5M
repayment terms can vary from daily, weekly, or monthly. It received a provision of
debt financing worth $20 million from Harvest Capital Credit Corporation, and
Term Loans - Direct Lender Business Development Corporation of America.

QuarterSpot [Wayne, 2011]: Quarterspot is an alternate lending platform for the
credit needs of small businesses. The platform offers credit up to $150,000 which has
to repaid within a term of 12 months. Most of the platform's loans are unsecured as $2.75M
there is funding without a lien filed on the business and funding without a personal
Term Loans - Direct Lender guarantee. There is also no prepayment fee apllied by the Quarterspot.
Fundation [New York City, 2011]: Fundation is an alternate lending platform that
grants fixed rate, simple interest loans to businesses. The loans offered are either
Angel Street Capital, Garrison
short term or long term, with the principal amount cap of $150,000 for the former
$2.7M Investment Group, The Leo Group,
and a $500,000 for the latter. The interest rates start at 7.99% and vary depending on
solelinvestment.com
the profile of the application. The repayments are charged from the borrower's bank
Term Loans - Direct Lender account directly, and there are no prepayment fees.
Ashley Business Finance [Manchester, 1993]: Ashley Business Finance is a direct

lender which offers small business funding in UK. The financing solutions offered by it
include invoice finance, business loans, bridging loans, merchant cash advances,
supplier finance.
Term Loans - Direct Lender
Kalamata Capital [Bethesda, 2013]: Kalamata Capital is a direct lender offering loans
to small businesses. Loans are available for upto $750,000. It requires the business to
be in operation for atleast 1 year in order to qualify for funding. Its financing options
include small business loan, equipment financing, lines of credit, factoring, merchant
Term Loans - Direct Lender cash advance, etc.


1pm [Bath, 2000]: 1PM is a specialist independent provider of finance to the UK SME
sector. All lending and borrowing is at a fixed rate throughout the term of the
agreement. Before any lend facility is agreed, all SMEs and proprietors undergo a
detailed credit check carried out by 1PM staff. They must have good credit histories
and a proven ability to repay their finance commitments. It provides two
products:Asset Leasing: 1PM purchases wide range of assets on behalf of its
customers, costing from £1,000 up to a current maximum of £50,000 so exposure to
one debtor is small compared with the overall portfolio; the assets are then leased
back to customers over a fixed period of between 12 and 60 months. It retains
ownership of the asset until the final payment is received. Business Loans offered to
SME’s between loans of between £1,000 and £50,000 per customer. The loans are
available for any purpose including working capital and cash-flow funding. The lending
Term Loans - Direct Lender term for a loan is from 3 to 60 months.
Connect2Capital [Minneapolis, 2015]: Connect2Capital offers small business loans

from $50,000 - $4 million. These loans can be used for purposes such as:owner
occupied commercial real estate and leasehold improvements, business equipment,
refinancing existing debt, buying a business, permanent working capital. Their interest
Term Loans - Direct Lender rates are prime plus 2.75%.
Blue Bridge Financial [Buffalo, 2009]: Blue Bridge Financial is a direct lender and
leading provider of commercial financing solutions for vendors, distributors and small
businesses nationally. Offers funding for equipment purchases, inventory, working
capital and special payment programs
Acorn Leasing [Fargo, 2015]: Acorn Leasing offers small to medium sized businesses
fast and easy access to capital. Offer Small Business Loans, Equipment Financing,
Equipment Leasing and Working Capital.

STASHLI [West Palm Beach, 2015]: Stashli provides loans to business, investors,
developers, real estate professionals, acuisitions etc. Loans can be for starting up a
business, working capital, buying equipments to stabilizing, value addition et.
Mekar [Jakarta, 2010]: Based in Indonesia, Mekar started as a platform to match

entrepreneurs with business angels. Post that, it launched a P2P lending web-platform
for Micro-Entrepreneurs in Indonesia. Currently it offers loans to SMEs in Indonesia
via a network of entrepreneur agents. These agents are equipped with mobile devices
Term Loans - Direct Lender for loan origination, monitoring and collection.
PowerUp Lending Group [Great Neck, 2008]: PowerUp Lending Group is a direct
lender providing small business loans, merchant cash advance and refinancing existing
loans. It funds a minimum loan amount of $20,000 and fixes interest rates and loan
tenure based on the borrower's profile. It requires the business to have revenue of
over $100,000 in the 12 months prior to applying for the funding and also requires a
personal guarantee from the owner. The repayments are done on a daily or weekly
Term Loans - Direct Lender basis. The company has so far funded over $600M of loans.
Global Prosperity NOW [Las Vegas, 2015]: Global Prosperity NOW is a non-profit
organization that provides microloans to new and established entrepreneurs in the
developing world. Their focus is to empower women, particularly those with children,
by giving them the interest-free loans and business training they need to build and
run a business. When the loan is repaid it's put back into the general fund and then
lent to another hardworking entrepreneur. To date repayment has been 98% within
12-18 months of the loan date. It also allows donations based crowdfunding for
Term Loans - Direct Lender various projects.


Promac Healthcare Capital [New York City, 2007]: ProMED is an alternative lending
platform for healthcare providers. It offers two main credit products: Merchant Cash
Advance and Loan Product. The loan product offers unsecured funding amount of up
to $500,000. ProMED is part of the Rock Ventures Family of Companies which
includes Quicken Loans, Rapid Advance, Fathead, and The Cleveland Cavaliers. It
Term Loans - Direct Lender raised $10M in debt financing in February 2012 from Metropolitan Equity Partners.
Waddle [ , 2015]: Waddle is a business financing add-on that uses a business'

accounting app to extend business loan and factoring offers of up to $200,000. It
offers "on demand" automated revolving lines of credit to businesses. The add-on
connects to the accounting software to analyse the cash flows of the firm and pre-
Term Loans - Direct Lender qualify the business for suitable loan offers.
GRP Funding [Springfield, 2007]: GRP Funding provides merchant cash advance and
business loans to SMBs from $5,000 to $1M. The cash advances are linked to a
business' future cash flows and the company doesn't require credit card processing to
extend cash advance to businesses.
SOLO Fund Management & Underwriters [Tel Aviv, 2014]: Solo-Fund provides an
online lending platform for business loans between NIS 50,000 to NIS 500,000 for a
loan tenure of 6-24 months.


Capify [Cheshire, 1984]: Capiota provides business loans to small and medium-sized
enterprises (SMEs) in the United Kingdom. The company offers loans of up to
£150,000 through a fully online platform. Application of borrowers is processed using
data analytics and is completely automated. The company usually takes around 24
hours to approve the loan and disclose the loan amount and between 10 and 14 days
to disburse the amount in the borrower's account. It also allows the borrower to top
up their loan once they've paid back 60% of their original loan amount. Once the
repayment starts the company takes a cut of all the sales of the retailers. Capiota
Term Loans - Direct Lender raised a £30m credit line in October, 2013.
Snap Capital [Charleston, 2012]: SnapCap is an alternate lending platform that
provides loans for multiple purposes to business owners. SnapCap loans are
unsecured and the platform does not factor FICO scores while screening applications.
Loans offered are classified as General Purpose, Expansion, Inventory, Equipment.
Additionally, SnapCap differentiates itself by not considering factors such as number
Term Loans - Direct Lender of years in operations, annual revenue amount, and more.
BondIt [Beverly Hills, 2014]: BondIt is an alternate lending platform that provides
turn key solutions to entertainment projects. The platform offers funding services
such as bridge loans, tax rebates, pre-sales &; minimum guarantees financing, and
more. BondIt has also partnered with BUFFALO 8 — a full-service media house
specializing in film &; commercial production and equipped with complete post
Term Loans - Direct Lender production facilities.
Business Backer [Cincinnati, 2007]: The Business Backer is a private alternate lending
platform that provides multiple solutions to the credit needs of small and medium
businesses. The platform provides a wide range of products that include term loans,
factoring, merchant cash advances, credit lines, and more. The credit application has
been simplified with a few eligibility guidelines mentioend upfront on the website,
applicants must have been in business for at least one year, with an annual revenue
Term Loans - Direct Lender of $150,000 or above, and a FICO score of 550.


Funding Circle [London, 2010]: Funding Circle is an online marketplace where people
can directly lend to small businesses. People lend small amounts to multiple
creditworthy businesses to spread their risk. In turn, those businesses borrow from a
multitude of people through an auction mechanism to get a lower interest rate.
Accel Partners, Union Square
Lenders are able to loan specifically to businesses in their community or businesses
Ventures, Baillie Gifford, Temasek,
that meet certain criteria, such as being environmental friendly. Expanding operations $273M
Ribbit Capital, DST Global, Index
to the US. Acquired LeapPay, a payments company in August 2014 to help save time
Ventures, Sands Capital
for any loan approval. Over 33k investors who have lent to businesses. s of January
2016, Funding Circle has facilitated over $1.4 billion in loans to small and medium
sized firms. In July 2015 company released a statement stating plans to raise a £150M
Term Loans - P2B Marketplace fund to invest in small businesses which raise loans on its platform.
Renrendai [Beijing, 2010]: Beijing-based Renrendai is the leading P2P platform in
terms of the total number of outstanding loans. Since its inception, the company has
built a nationwide service network covering over 2000 regions with a strong customer
base. Renrendai targets white-collar employees and small business owners as
customers, charging borrowers a management fee of 0.3 percent of the borrowed
money, and a service fee of up to 5 percent for high-risk borrowers. The returns on
$133M Honghe Venture Capital
Renrendai.com loans are between 10 and 18%, which is higher than the 3.25%
offered by one year turn deposits in banks. The company also controls default risks by
measuring borrowers’ income, occupation, assets and family connections. Renrendai
was founded in May 2010. Its transaction capital for the third quarter of 2013 is more
than 495 million yuan ($81.2 million), 354 percent up year-on-year, according to its
Term Loans - P2B Marketplace third quarter report released in late October.
Licaifan [Beijing, 2014]: Licaifain.com is a people to business financial investment
platform, operated by Beijing Wangrong Tianxia Financial Information Services Co.,
Ltd. It claims to provide a safe and efficient one-stop asset allocation investment
$86.82M
platform for individuals and families; and low-cost direct financing channel for SMEs.
As per the company's website it has ~500,000 registered users. Licaifan won the 2014
Term Loans - P2B Marketplace China Banking small micro-finance new financial service awards.


PPDAI [Shanghai, 2007]: PPDai is an online platform for P2P small unsecured loans in
China. The platform created a department dedicated to provide lending services to SIG China, Lightspeed China Partners,
retailers of Taobao, a subsidiary company of Alibaba and a shopping marketplace Alibaba Capital Partners, Sequoia
targeted for Chinese customers. Platform’s default rate is less than 1.5% and bad debt $60M Capital, Legend Capital, Essentia
rate is 1.52%. Ppdai claims to have 2 million registered users and disbursed loans of Equity, Sequoia Capital China, Noah
over $200M. Has raised equity rounds of funding from Sequoia Capital, Alibaba Private Wealth Management
Term Loans - P2B Marketplace Capital, Lights Speed China and Noah Wealth Management.
Firstp2p [Beijing, 2013]: Firstp2p was launched in July 2013 by UCF Group. It is an
internet P2P lending platform, and has helped to match more than RMB20billion of
borrowing and investment needs since its inception. The platform connects individual
lenders with small-scale borrowers, essentially meeting the needs of small and $41M CITIC Capital, ChinaEquity
medium-sized enterprises that don't qualify for bank financing. Through the platform,
investors can purchase loan products collateralized by property and automotive
Term Loans - P2B Marketplace assets. The platform offers interest rates ranging from 9% to 12%.
Kaixindai Financing Services [Wuxi, 2011]: Kaixindai Financing Services is an online

P2P lending platform. It was setup in 2011 by China Development Bank and the
$34M Cdb Investments
Jiangsu provincial government. Claims to have reached ~ $ 2B in total transaction
value through its platform
Term Loans - P2B Marketplace
Lendix [Paris, 2014]: Lendix is an online marketplace where French SMEs access
financing from private and institutional investors. It selects credit worthy companies
that investors can choose to lend to. Only companies with more than two years of
profitable operations can apply. Its loans start from € 30,000 to € 1,000,000 with
Zencap Asset Management, Matmut,
maturities ranging from 18 to 60 months and interest rates between 4% and 9% and
$25.23M CNP Assurances, Banque Wormser
monthly repayments and amortisation. All loans are selected, analyzed and
Freres, Partech Ventures
presented to the credit committee which decides their rating and borrowing rate.
Projects are then presented on the marketplace where private investors can buy
them. It is backed by Partech Ventures, Banque Wormser, Sycomore, Weber
Term Loans - P2B Marketplace Investissements and Decaus Freres Investissements.


Lantouzi [Beijing, 2014]: Lantouzi is an online lending financial services P2B platform.
It claims to have an 100% guarantee of return on the principal and interest in a few Ceyuan Ventures, Bertelsmann Asia
$22.55M
preferred projects. It has raised Series A round of funding from Bertelsmann Asia Investment Fund, Source Code Capital
Investment Fund, Source Capital and Ceyuan.
Yinker [Beijing, 2013]: Yinker is a peer to peer based crowd lending platform where
users can invest in a pool for a project which is curated by the platform. The platform
aims to help users in financial planning by committing to provide investors with a low $20M
risk, high-yield, high transparency etc. Claims to have about 23 million users who use
Term Loans - P2B Marketplace the platform.
Daqiaoyidai [Handan, 2015]: Daqiaoyidai is an online P2P lending platform which

claims to be secure, transparent, stable and efficient is committed to provide high-
$9.3M
quality financial information services for small and micro enterprises. It is a joint
venture between Taiji Group and Hebei.
WenZhouDai [Wenzhou, 2012]: WenZhoudAI was launched in 2012 under Shanghai
Gu Jin Financial Information Service Co., Ltd. It is a third-party private P2P lending
information platform. It offers investment products for investors and unsecured credit
$8.87M Saint Angelo
loans &; mortgage loans to SMEs. It offers three types of loans- loan against stocks &;
futures, loans with car as a collateral and unsecured loan. As of March, 2015 it had 13
Term Loans - P2B Marketplace million users, served more than 2000 SMEs and total loans of over 18 billion yuan.
UNILEND [Paris, 2013]: Unilend is a P2P lending platform for financing SMEs in France
and Continental Europe. The minimum amount that the investor can lend per $8.39M Capital Partners, Ventech, Bpifrance
company is 20 euros. The maximum that the businesses can borrow is 500,000 euros.


Miniuwang [Hangzhou, ]: Miniu98.com is a P2P credit marketplace service for
businesses to avail credit through CDs, and traditional loans. Investors on the platform
can create a portfolio by pledging amounts to several debt opportunities, thereby $7.97M Meridian Capital
diversifying and mitigating risk. The company claims to operate on a P2P and a stock
Term Loans - P2B Marketplace collateral model.
iBondis Limited [London, 2014]: iBondis is an online financing platform that extends
financing to businesses from retail and institutional investors. It allows and
$6.8M Run Capital
incentivizes investors to diversify their portfolio by investing in different well
established and successful enterprises, in order to maximize risk adjusted returns.
StreetShares [Washington, 2013]: StreetShares is lending platform for American
small businesses. It brings like-minded investors together with small business owners
looking for funding to grow. Business owners pitch their business through a 3-step,
Pivot Holdings, Accion, Fenway
mobile-enabled application, and investors compete to fund them through an auction. $6.08M
Summer Ventures
The lowest bids combine to form a single loan at the lowest available interest rate.
StreetShares lends to all qualified American small businesses, but has a particular
Term Loans - P2B Marketplace focus on providing veteran business loans.
SoMoLend [Cincinnati, 2011]: SoMoLend was a mobile first platform that allowed
small businesses to raise debt financing from friends, family, customers and local CincyTech, QED Investors, Queen City
banks. A fully transparent portal that allowed investors to look into business $5.4M Angels, North Coast Angel Fund,
borrowers in their own neighborhood before making any lending decisions. The LaunchHouse, Blue Chip Venture
Term Loans - P2B Marketplace company deadpooled in August, 2014.
Guojia Caifu [Wuhan, ]: Guojia Group Net Loan is a credit service company that offers
P2P as well as traditional loan investment opportunities. The credit services provided
can be availed by businesses that meet the criteria for application such as an annual $4.83M
examination and industry bureau registration, in operation of more than one year,
Term Loans - P2B Marketplace and more.


Assetz SME Capital Limited [Stockport, 2012]: Assetz Capital is a UK based P2P
business lender active in the SME finance, bridging and property development
sectors. It offers business term loans, invoice purchase, trade finance, development
finance, property term loans and bridge finance. It provides auto and manual $4.8M
investment options to its investors. The auto investment platform invests on behalf of
the investor on the bases of chosen risk appetite. All loans are assessed individually
Term Loans - P2B Marketplace and a tangible security taken on all loans.
Jinri Jiecai [Shanghai, 2014]: Jenri Jiecai is a claims to have started P2P model of
business where they provide professional financial services and security for investors
using their the platform. The platform has system for listing of financial lease of a $4.7M
product and then helps users in raising capital over that lease. Claims to have raised
Term Loans - P2B Marketplace Series A round of funding.
Jinlian [Wuhan, 2014]: Jinlian is an online P2P lending platform focused in areas
serving agriculture, automotive industry, machinery manufacturing, logistics and
$4.6M Hina Group
trade. They provide investor guarantee, risk rating of operation, the third-party
payment tool within the platform etc.
Linked P2P Limi [Dublin, 2010]: Linked Finance offers P2P lending platform for small
business loans between €5,000 and €50,000. Investors can make bids from €50 to
€2,000 on each loan request and choose to apply an APR of interest of between 5%
and 15% each time they bid on a loan request. It also allows investors to bid multiple $3.92M Frontline
times on the same loan request. Linked Finance provides an auto-bid functionality to
automate the bidding by investors. The loans are classified in interest rate bands, such
Term Loans - P2B Marketplace as A1, A, B, C, depending upon the risk that they include.


Crowd2Fund [London, 2014]: Crowd2Fund is crowdfunding platform offering
investment portfolio across a number of debt and equity investment types. Each
business is screened before it raises finance on the platform. It allows an investor to
$3.8M
invest in multiple businesses to diversify their risk. It launched a secondary market
facility, the Crowd2Fund Exchange, in May 2015, which allows investors to buy and
Term Loans - P2B Marketplace sell their shares in businesses.
Kdfax [Shenzhen, 2015]: Kdfax.com is a P2P platform focused on enterprise supply

chain financing and it is a subsidiary of the Jindie Group. It also aims to help the
$3.78M Xishi finance
investors to build their financial needs of the whole product system, thereby create
wealth for investors. It claims to have raised funding from Xishi Finance
Hengfu100 [Shenzhen, 2014]: Hengfu100 is an online P2P lending platform which

provides loans to for a particular time period for businesses. It claims that the
$2.9M Wision
investors can expect a maximum annual yield of 18% , low threshold investments etc.
It has raised Series A round of funding.
Crowdcredit [Tokyo, ]: Crowdcredit runs a social lending platform bringing capital

from Japan to Latin American. They provide financial products which we collect
investment money from personal investors in Japan and invest that money in credit $2.76M Femto, Monex Ventures, ITOCHU
markets in various countries. Crowdcredit has partnered with originators from around
Term Loans - P2B Marketplace the world to collect projects requiring funds.
Toborrow [Stockholm, 2013]: Toborrow is an online marketplace for business loans,

connecting small and medium sized companies in need of financing with private and $2.39M
corporate lenders.


liwwa [Amman, 2013]: liwwa connects small businesses in need of capital with
people who want to invest. liwwa, Inc,claims to be the first Peer to peer lending
platform in the MENA region. It connects small and medium businesses who need
capital with fixed-income investors. Investors earn 10-15% return while small
businesses get access to much needed financing. It addresses the funding gap for
SMEs in the Middle East through a Sharia-compliant peer-funded, lease-to-own
DASH Ventures, Mena Venture
transaction structure that is implemented through the use of in-house proprietary $2.3M
Investments, Bank al Etihad
technology. If small business owners need certain assets to grow - like a delivery
vehicle, a new pizza oven, etc - they can raise the money from the crowd, through
liwwa, that buys the assets for them. First, the owner creates a liwwa profile.
Investors then pool their capital and purchase the asset on their behalf. As a final
step, the beneficiaries repay the principal amount and share some of the profits in
Term Loans - P2B Marketplace monthly payments to the investors until they own the asset.
FundedHere [Singapore, 2015]: FundedHere is Singapore based crowdfunding
platform that offers equity crowdfunding and venture debt for start-ups in the region
from as low as S$5,000 (US$3,700). It is sponsored by serial entrepreneur Andy Lim
who founded the Singapore based financial services group MoneyWorld in 1991 and
the private equity firm Tembusu Partners in 2006. It charges a one-time success fee $1.29M
from the start-up for which funds or loans have been raised. In addition, FundedHere
will also feature a panel of experienced mentors and lead investors who can invest in
and nurture the start-ups. As of 24th August, 2015, this platform is subject to legal
Term Loans - P2B Marketplace approval from the Monetary Authority of Singapore (MAS).
Modalku [Jakarta, 2015]: Modalku is an online marketplace to acquire loans for small
businesses and for lenders to fund small business loans to earn higher returns. Its
technology based approach enables borrowers to receive loans for the first time or at
$1.2M Alpha JWC Ventures
lower than market rates, while lenders will earn higher returns than that of bank
deposits, traditional fixed income products and life insurance investment linked
Term Loans - P2B Marketplace products.


BorsadelCredito [Milano, 2013]: BorsadelCredito is a P2P lending platform that

connects investors and Italian companies. Investors can choose where they want to $1.09M P101
invest.
maneo [ , 2007]: Maneo claims to be first P2P lending company in Japan. Lenders
earn 1.5% interest with loans starting from as low as 10,000 yen to small and medium J, Yasuda Enteprise Development Co.
$0.75M
sized enterprises.The loans are guaranteed by Orix Credit Corporation which entered Ltd
into a partnership with Maneo.
InvestNextDoor [Seattle, 2013]: InvestNextDoor is a peer to business crowdfunding

platform that allows investors to lend to local businesses in their community. All
investments are made using promissory notes. The portal charges investors a service $630k
fee of of $25 per investment made. While the pricing for entrepreneurs include fees
Term Loans - P2B Marketplace for listing, a service fee, and $5 for every investment made.
LendingStar [Kiev, 2013]: LendingStar is peer-to-peer online lending and investment

platform where people can directly lend to business owners worldwide. Lenders are
repaid monthly. It allows a minimum investment of $1 for Ukraine and Vietnam, and $0.3M Imperious Group
$5 for Russia and use local network of financial agents (each country has its own
Term Loans - P2B Marketplace network).
INVESTLY [Tallinn, 2013]: Debt and invoice crowdfinancing platform for small and
medium sized businesses in Europe. It offers a platform on which SMEs can raise $19.72K
funds from multiple investors. The supply and demand set the final interest rate.


Community Sourced Capital [Seattle, 2012]: Community Source Capital is a lending
platform that leverages crowdfunding to facilitate zero interest loans for small
businesses. The loan amounts are under $50,000 and are usually applied for by
business owners that cannot gain credit from banks or other traditional sources. The
donors lend in units of "squares", a square is worth $50, this ensures that everyone in $17K Fledge
the community can take part in micro finance. CSC does not charge a commission on
funds raised by the campaigns, instead it charges borrowers a sum of $250 at the time
of launching a campaign. There is also a $50 charge per month for borrowers until a
Term Loans - P2B Marketplace loan is fully repaid.
Solvesting [Tel Aviv, 2014]: Solvesting is an online lending platform that facilitates
P2P lending for SMB loans. It allows investors to start investing in loans from a $10K ie.edu/entrepreneurship
minimum amount of $25.
Funding Societies [Singapore, 2015]: Funding Societies offers a P2P lending system
that enables SMEs to borrow loans from retail or institutional investors. It offers
simple interest term loans, working capital loans and project loans between S$10,000 Alpha JWC Ventures
and S$200,000, for a tenure of 3-24 months with interest rates between 6-14%. It
Term Loans - P2B Marketplace requires a minimum investment of S$1,000 from the investors.
Jucaicat [Shanghai, 2014]: Jucaicat is a P2P financing platform which mainly covers
financing of non-performing assets, accounts receivable factoring, auto finance
Banyan Capital, Kylin Capital
business, the mortgage as four categories of focus areas. It claims to provide 7% -12%
expected annual rate of interest. It has raised Series A round of funding in April, 2015.


Pudaisuo [Shanghai, 2014]: Pudaisuo is an online P2P lending platform for SMEs.
Some of the terms of the borrowing include annual interest rate between 8 to 18%,
duration of the loan between 1 to 36 months etc. The borrower also has to submit chinave.com
personal credit information for security reasons. It claims to have raised Angel round
Term Loans - P2B Marketplace of funding from Linxi Venture Partners.
Tourongzu [Shanghai, 2015]: Tourongzu is an online P2P platform for consumers and
businesses to lend money to other business. It provides businesses with a loan size of
$500K to more than $5M, interest ranges from 8% to 12% and for a term of about 3 Chuxin Capital
months to 24 months. Claims to have raised Angel round of funding from Chuxin
Term Loans - P2B Marketplace Capital.
Finsquare [Paris, 2014]: Finsquare is the first Peer-to-Business short term loans
platform in France. Lenders can make loan offers from 10 to 1000 euros per project
over a period of 3-24 months. A particular loan offer is accepted, if it presents a
competitive rate of interest compared to other lenders. Finsquare collaborates with DansLaTêteDeClaude
companies, namely BNP Paribas for the accommodation of funds collected,
LemonWay for managing financial transactions and Ellisphère for analyzing financial
Term Loans - P2B Marketplace data of companies.
MoolahSense [Singapore, 2013]: MoolahSense is an online P2P lending platform for
business loans. It offers unsecured loans between S$100,000 and S$1M, for a tenure
of 1 year, to small businesses for various purposes including capital expansion and
equipment financing. It allows the loan issuer to withdraw funds as soon as at least
70% of the loan amount is committed. It requires the business to be in trading for at
least 2 years, have a minimum annual turnover of S$100,000 and requires a personal East Ventures, Pix Vine Capital
guarantee from the directors or the owners of the business. Investors can start
investing on the platform with a minimum of S$1,000 and can also diversify their
portfolio across different loans to mitigate their risk exposure. In June 2015, the
company achieved cumulative S$1M mark in fund raising since inception.
Term Loans - P2B Marketplace MoolahSense raised an undisclosed seed fund in Mar '15 for expansion of business.


eLoan [Wenzhou, 2007]: eLoan is an online lending platform where members can
borrow and lend money among themselves at better interest rates than banks. It is
Legend Holdings, Legend Capital
specifically focused on agriculture, farming and rural areas. Majority of business
comes from farmers personal loans which are used for agricultural production.
CGTZ [Hangzhou, 2013]: CGTZ is an online based credit transfer platform. It works a
little different from the traditional P2P transaction structure and has a borrower -
lender - investor structure. The platform has online lenders who lend to borrowers Shunwei
and then investors buy the debt through an online trading platform. It is focused on
Term Loans - P2B Marketplace enterprises, quasi-listed companies, state-owned enterprises.
Kameo [Stockholm, 2014]: Kameo is a P2P lending marketplace that connects SMEs
with lenders. Lenders can be individuals, professional and institutional investors.
Kameo takes a flat fee of the amount borrowed whcih varies between 2% to 4%. The
interest rate ranges from 5% to 15%.
Capitilia [Riga, 2007]: Capitilia is a direct lender that offers loans to SMEs in Lithuania
and Estonia. It offers loans within the range of 1,000 to 100,000 euros for a period up
to 5 years. It also offers invoice financing and credit line of upto 25k euros. Since
2014, Capitalia bonds are listed on NASDAQ Riga bond market.
TruePillars [Melbourne, 2015]: TruePillars is a P2P lending platform that connects
medium and small businesses with lenders. The loans are provided within a range of
15k to $250k AUD for a period of 1 to 5 years. The business must be in operation for
aleast 2-years and have an annual revenue of over $100,000 in order to be eligible for
applying on the platform. The minimum amount that can be lent on the platform is 50
Term Loans - P2B Marketplace AUD.


Clovest [Washington D.C., 2012]: Clovest is a P2P lending platform which enables
small businesses to fund their projects with zero-interest loans from their customers
and local community. The loans range from $1k to $50k for a tenure of 1 to 3 years.
The business makes the repayments quarterly and if a business is five or more days
late on a quarterly principal repayment, they pay a late fee of 10% of the owed
Term Loans - P2B Marketplace payment. The platform charges a fee of 10% of the total amount raised.
ZIB Crowdfunding [Middelburg, 2015]: ZIB Crowdfunding is a P2P lending platform

for SME loans. The minimum amount that the investors have to invest is € 2,500. The
SMEs make interest payments quarterly.
Finnest [ , 2014]: Finnest is a lending marketplace for investing in companies. The
lenders can choose the interest at which they want to lend. The lenders are given
access to the financial statements on the companies. The company must be Austria-
based in order to be eligible to raise on the latform.It charges 1% of the amount
offered by the lender once the loan contract is completed. From the borrower it
Term Loans - P2B Marketplace charges 2.75% of the amount raised by them.
Diversity Fund [Austin, 2015]: Diversity Fund is a crowdfunding platform that unites
rewards, lending, and equity crowdfunding. It mainly focuses on LGBT, women, and
minority-led businesses seeking capital. It allows both 'accredited' and 'non-
accredited' investors.
CrowdAboutNow [Utrecht, 2009]: CrowdAboutNow is a Netherlands-based P2P

lending platform for local businesses. It charges the entrepreneur in advance for an
amount to cover the costs it incurs for preparing the campaign. This amount can not
be recovered if the campaign does not succeed. The minimum investment on the
Term Loans - P2B Marketplace platform is €10.


PitchBull [Guadalajara, 2012]: PitchBull is a Mexico-based P2P lending platform that
connects SMEs with investors. It allows both individual and institutional investors to
lend on the platform. Once the SME' application is approved, it is listed on the
platform for the lenders to choose from. The SME must be operational for atleast 2
Term Loans - P2B Marketplace years to be eligible for financing.
Trufis [London, 2013]: Trufis is a P2P lending platform where individual and
institutional investors can lend to business borrowers. The minimum investment
amount on the platform is £10. The platform charges an annual fee of 2% of the
amount borrowed from the borrowers.
Fundrevo [Singapore, ]: Fundrevo is a online lending marketplace for business loans.
The business applies on the platform for loan, post which the platform conducts due
diligence on the business. After the diligence process the borrowers get pre-funding
commitments from the funding partners of Fundrevo. Post this the loan is listed on
the platform for investors to choose and invest in them. The investors receive fixed
Term Loans - P2B Marketplace monthly repayments.
Monefy [Amsterdam, 2015]: Monefy is a Netherlands-based P2P lending platform for

SME loans. As of April 2016, the company is in stealth mode.

Higher Circle [Palo Alto, 2011]: Higher Circle is a P2P lending platform for small and
medium enterprises. At present it only allows accredited investors to lend on the
platform. Loan amounts range from $2500-$50,000. Formal small to medium size
enterprises (5-250 employees) in need of funding register at Higher Circle's lending
platform and complete a loan application. Higher Circle's team reviews the application
and once approved, the SME is assigned a credit rating and interest rate. Then it is
Term Loans - P2B Marketplace made live for the investors to commit funds.

Lendsocial [Berkeley, 2011]: LendSocial is a P2P lending marketplace that connects
businesses seeking loans with individuals in their community. The loans are available
for a term of 1-3 year. In addition to interest payments lenders will receive discounts,
unique rewards from the small business. As of April 2016, its website is not
Term Loans - P2B Marketplace operational.
Bolero Crowdfunding [Brussels, 2014]: Bolero Crowdfunding is a Belgium-based

equity as well as debt crowdfunding platform for startups as well as growth
companies. It connects investors with entrepreneurs looking for funding. The
entrepreneurs can offer shares, convertible bonds or debentures to the investors. The
investors can invest within a range of 25 euros to 5,000 euros and the entrepreneurs
can raise up to 300,000 euros through the platform. The platform charges a fee of 6%
Term Loans - P2B Marketplace on the amount raised from the entrepreneurs.
Look&Fin [Brussels, 2012]: Look&;Fin is a P2P lending platform that connects
investors with SME looking for financing. The loans are available for a tenure of 2 to 5
years. The rate offered to investors varies between 6% and 12% per year. The loan
campaign remains live on the platform for 8 days. If the campaign does not reach its
target amount, the investors' money is returned to them. Only Belgian or French
SMEs having a minimum turnover of €300,000 can apply on the platform. The
platform charges SMEs with a set-up fee of €2,000 and a 4% commission on the
Term Loans - P2B Marketplace amount raised.
kapilendo [Berlin, 2014]: Kapilendo is P2P lending platform to provide term loans
ranging from €30K to €2500K for 12-60 months. They have quarterly repayments. All
credit projects are presented for a period of 30 days. To be disbursed, loans must
obtain financing coverage of 100%. After successful financing of customer's credit
project kapilendo charges a placement fee. This is payable at the beginning of the
loan term and is discharged with disbursement of the loan. For marketing and
managing the credit project they charge a fee of 0.75% per annum of the loan
Term Loans - P2B Marketplace amount. This is placed over the term on an annual basis.


GRID Finance [Dublin, ]: GRID Finance is a P2P lending platform that connects Irish
businesses with investors. Private individuals, family offices and funds can lend on the
platform. The loans are available for a tenure of 3 to 36 months. The minimum an
investor has to lend is $5 and maximum is 50% of the loan value being sought.
Businesses pay an application fee of €250. When the loan is successfully financed, a
Term Loans - P2B Marketplace 5% financing fee is charged on the total amount of loan.
Lendoor [New York City, 2013]: Lendoor is a P2P lending platform for small business
loans. Small businesses are able to crowdfund their loans from friends, family,
customers and other supporters in their network. Applicants post the amount of
funding they need, the payback term, and the interest rate they choose. They share
their personalized Lendoor page within their network through Facebook, Twitter,
Instagram. Once the target loan amount is met, the loan is funded and the applicant
receives the funding. Loans are available within a range of $5,000 to $50,000 for a
tenure of 3 months to 3 years. Lendoor charges a closing fee of 2% and a loan service
Term Loans - P2B Marketplace fee of 50 cents per month per lender (capped at $25 per month).
Zhaoyinzi [Beijing, 2014]: Zhaoyinzi is a P2P lending platform which also has a O2O
mode of operation. The interest rates vary from 7% to 14%. It aims to bridge the gap
of the demand for SME financing and investment needs of individuals. It also plans to
bring small loans companies for SME customers on-line via the internet platform.
VanBrothers [Shenzhen, 2013]: VanBrothers is an online P2P lending platform for

small and medium enterprises financing. It provides loans for a fixed terms for the
SMEs and claims to give 100% guarantee on the return of the principle.


www.cunli.cn [Beijing, 2014]: Cunli is a P2P lending platform which aims to help the
investors with low risk, maximize return and stable financial channels for their
investment. It provides financial sector risk control model, screening of qualified
subject, the eligibility and availability of the financial products for investors. The
Term Loans - P2B Marketplace platform further invests in real estate projects.
SPEAR [Paris, 2011]: SPEAR is a P2P lending platform for entreprenuers with a social
impact. The entrepreneurs in need of funding apply on the platform and then the
validity of the impact of project is determined. Projects that pass this assessment are
redirected to partner banks which also study financial viability and determine the
duration and rate of the loan. Once this dual validation is complete, the project is
posted on our website and is available to investors. If an investor wants to fund a
project that he discovered on the site, he bought shares of the SPEAR cooperative.
The capital raised is then deposited in the bank as fixed deposit. It is this partner bank
Term Loans - P2B Marketplace granting the credit and who therefore bears the risk.
SymCredit [ , ]: SymCredit is a P2P lending platform catering to small and medium

sized businesses. The lenders can choose to which loan to invest in and build their
portfolio. The interest rates on the platform varies from 6% to 30% and investors earn
between 4% to 20%.
Capital Direct [Hong Kong, ]: Capital Direct is a P2P lending platform for business
loans with a focus on startups and SMEs. The borrowers can list loan requests below
HKD5 million and individual lenders can invest any amount in each loan offer that
they receive. It charges 4% on the amount raised by the borrowers and does not
Term Loans - P2B Marketplace charge anything from the lenders.


Lendino [Copenhagen, 2014]: Lendino is a P2P marketplace where individuals and

organisations can lend to Danish companies. Businesses can borrow between 100,000
kr. to 2,000,000 kr for upto 5 years. By Feb 2016, It has lent 19,785,000 kr, spread
across 42 loans.
FUNDA [Seoul, 2015]: FUNDA is a Korea based P2P lending platform that targets only
local retail stores. It is impossible for stores to borrow money without collateral, and
banks typically offer loans at tremendous interest rates. FUNDA allows individual
investors to give loans to small shops and retail stores. The start-up claims to have set
up a device that can be attached to cash registers to track sales trends and seasonal
Term Loans - P2B Marketplace fluctuations of retails stores.
Chanrongdai [Shenzhen, 2014]: Chanrongdai is an online based supply chain financial

lending platform which operates in P2P methodology for different time period. It
claims to provide 12% -18% annual interest rate, 100% guarantee on principal and
interest etc. It has raised seed round of funding in July, 2015.
Symbid [Rotterdam, 2011]: Symbid.com is an equity and debt-based crowdfunding
platform. They allow all different kinds of businesses and SME’s to get crowdfund on
the platform. A unique feature is their affiliate program, which enables advertisers to
refer investors to the platform and earn a commission. Thus, if you refer someone,
you can possibly get a % of the amount they invest or a % of the amount they
successfully raise as an entrepreneur. Symbid takes 5% of all successful campaigns,
and charges investors a 3% fee on all funds deposited. Must be over 18 and from the
EU in order to crowdfund for equity. They use all-or-nothing funding, so all funds are
Term Loans - P2B Marketplace returned if the funding goal is not reached.


Crowd for Angels [London, 2012]: Crowd for Angels is a regulated crowdfunding
platform for debt and equity funding - for private and listed companies. Platform is
regulated by the Financial Conduct Authority. The minimum investment on the
platform is $25. Each company creates an online pitch on the Crowd for Angels
platform explaining its business and what it aims to achieve with the funding. If a
company is unable to reach its minimum funding target the committed funds will be
Term Loans - P2B Marketplace returned to the investor's account at Crowd for Angels upon the expiry of the pitch.
MainMarket [Atlanta, 2015]: MainMarket is a P2P lending platform for local

businesses in the US. The minimum investment is $25 and interest rates vary from
6%-26%.
Wecan.fund [ , 2015]: Wecan.fund is an online crowdlending marketplace which

allows savers to lend money directly to small and medium sized businesses in
Switzerland.
Finve [San Luis Potosí, 2016]: Finve is an online lending platform connecting SMEs
and investors. Investors can choose the SME they want to lend to. The loans are
available from 10.000 to 1,000,000 MXN.
Grow.ly [Madrid, 2013]: Grow.ly crowdlending is a platform which connects SMEs
who need funding with investors looking to gain a higher return on their savings. The
investor can be both individual and corporates. The company seeking financing can
apply online loan, provided your name, CIF, data from its latest financial statements
and the amount and purpose of the operation. Grow.ly analyzes the company and
Term Loans - P2B Marketplace within 48 hours an answer on the feasibility of the application is obtained.

SMEBank [Hyderabad, 2015]: SME Bank is a P2P marketplace for unsecured business
loan for SMEs. SMEBank.in uses its proprietary algorithm to assess credibility on
various data points &; behavioral patterns. SMEs just complete one time membership
application and upload their documents. Offers two types of options to lenders-
Participatory (Lender absorbs the lending risk) and Non Participatory (SME Bank
Term Loans - P2B Marketplace absorbs the risk). Has disbursed loan worth INR 650K to 17 SMEs.
Lendopolis [Paris, 2014]: LENDOPOLIS is a P2P lending marketplace that enables SME
+ 2 years to borrow funds from individuals. Companies reward individuals by interests
from 5% to 12% per year depending on the repayment term loans and their risk rating
determined by the team of financial experts.
CrowdCitizen [Los Angeles, 2015]: CrowdCitizen helps public works projects get
funding more quickly from municipal bonds. They also help businesses crowdsource
small and large loans. It is a do-it-yourself platform that allows borrowers to kickstart
their project by quickly creating an investment page, and provides all the tools
necessary to negotiate payback terms, take a payment, and pay back over time, with
Term Loans - P2B Marketplace interest. It also provides an option to accept donations from crowd.
COFUNDER [Belfast, 2013]: CoFunder is a P2P lending platfomr for business that
matches funders, who can lend from as little as £100.00 into any individual company,
with quality companies. Companies can raise from £5,000 to £100,000 from the
crowdfunding backers, so long as they have the required credit score (provided by our
Term Loans - P2B Marketplace credit reference partner) and supply a director’s guarantee.
Money&Co. [London, 2013]: Money&;Co is a P2P lending platform that connects

investors looking for a better rate of interest on their cash, with businesses seeking
finance. It offers loans of up to £3,000,000


Sancus [Jersey City, 2013]: Sancus Limited is a Peer-to-Peer (P2P) secured lender with
significant permanent capital. They concentrate on traditional P2P transactions and
focus on working with entrepreneurs and businesses. Their minimum loan
participation is £250,000. In all of their loans, they lend alongside or in front of Co-
Term Loans - P2B Marketplace Lenders, providing assurance of their credit process.
Alberta Crowd Lenders [ , 2015]: Albetacrowdlenders is a lending marketplace from

ATB Financials. Small businesses can apply for a loan. The same is evaluated by the
lenders on the platform. If lenders commit to funding half of the loan, ATB completes
the funding with the remaining half.
finmar [Hamburg, 2013]: Finmar is an online P2P lending platform for SME loans.
Finmar arranges loans of 2,500 to 25,000 Euros for terms of 6 to 60 months for
business owners. Interest rates will range from 6 to 11 percent – Finmar set the rate
depending on the Schufa credit grade of the business owner. The platform charge
borrowers a 5.95% origination fee for the loan. Lenders can invest anything from 250
Euros upwards and are not charged any fees. Only residents of Germany can borrow
Term Loans - P2B Marketplace or lend via the platform.
Flex Funding A/S [Copenhagen, 2013]: Flex Funding is an online marketplace for
business loans. Lenders can be private savers, companies, pension funds, foundations
etc. Loans are provided from 200,000 kr for upto 10 years.
ConnectingDot [Kolkata, 2014]: ConnectingDot is a crowdfunding and peer to peer

based online marketplace for business loans. It aims to provide an auction based
technology solution using the existing credit market by linking lenders looking for
higher returns directly with MSME borrowers, thereby providing a alternate to banks.
Term Loans - P2B Marketplace It claims to be incubated at IIM Calcutta Innovation Park.


VLend [Bangalore, 2015]: VLend is an online marketplace that connects borrowers
and investors. It claims that for each loan request, they list only those applications on
theplatform that meet the credit criteria. They remove any personal identifiable
information to protect the privacy of borrowers and claims to provide investors an
exposure to different individual loans to diversify their investment. It claims to offer
loans ranging from INR 1,00,000 to INR 30,00,000 with flexible loan terms starting
Term Loans - P2B Marketplace from 6 months to 60 months.
Ovamba [Chevy Chase, 2013]: The Ovamba platform uses a social or “peer-to-peer”
lending model that allows retail and institutional lenders to lend and borrow from
each other with complete transparency. The Ovamba platform provides liquidity and
risk management for regulated local financial firms.
Funding Straits [Singapore, 2014]: Based in Singapore, Funding Straits is a P2P

lending space for SMEs. It checks the creditworthiness of the SMEs and gets them
short term loans from willing investors. As of October 2015, the site is in beta version.
Beehive UAE [Dubai, 2013]: Beehive is UAE based online marketplace for peer to
peer lending. Beehive directly connects creditworthy SME’s looking for investment
with smart investors looking for better returns on their money.


AQUSH [Tokyo, ]: AQUSH is a peer-to-peer lending platform in Japan, that connects
people with extra money with people who want to borrow money. Lenders set their
desired investment amount and interest rates from 4% to 15% for 5 classes of
borrower credit risk, as denoted by an AQUSH Credit Grade: AA, A, B, C &; D.
Applicants are screened based on their credit histories, financial situation and FICO
scores and qualified applicants are assigned an AQUSH Credit Grade. Each qualified
applicant is offered a loan at the best possible interest rate based on a blend of the
available lender funds at the time the offer is made. AQUSH handles all legal
documents, funds, credit and identity checks. Lenders are charged a fee of 0.125% of
principle for each monthly repayment processed. Borrowers pay an upfront
Term Loans - P2B Marketplace origination fee of 3% of the loan amount.
Funding Empire [Caerphilly, 2012]: Funding Empire is a peer to peer lending platform
that connects businesses seeking loans with individuals who want to lend their
money. It makes loans available to start-up’s and businesses trading less than 2 years
as well as those trading for more than 2 years. People can lend from £20 upwards on
the platform. Businesses can borrow any amount between £5,000 and £100,000, for a
period of anywhere between 6 and 60 months. Once a business loan request is
fulfilled and the borrower accepts the loan, the platform manages all the paperwork,
transfer of funds, monthly repayments and the assignment of relevant funds back to
the lenders. In Feb 2015 it launched a new product which offers secured asset backed
lending opportunities to lenders under a collaboration with Business Lending
Exchange Ltd’ (BLX).This product offers lenders a 10% p.a. gross yield and provides
Term Loans - P2B Marketplace monthly interest and capital repayments.
Cumplo [Santiago, 2012]: Cumplo is a Chile-based P2P lending marketplace for SMEs.
It offers terms loans and invoice financing to SMEs. The minimum investment allowed
on the platform is $ 100,000 pesos per loan.


Babyloan [Malakoff, 2008]: Babyloan is a microlending platform where people lend

to microentrepreneurs of their choice in 15 countries. The platform allows the lender
to lend a minimum of €10. The loans are repaid through monthly repayments. Upon
receiving the repayment, lender can either lend the amount again or withdraw it.
Biva [Sao Paulo, 2014]: Biva Serviços Financeiros is Brazil-based P2P lending platform.
It enables small and medium businesses capture online loans directly from people.

Microbnk [Manila, 2014]: Microbnk is a platform that connects micro entrepreneurs
in emerging markets with lenders and organizations on a global basis and provides
them with a complete system to disburse, receive and manage business micro loans.
Potential borrowers access a mobile-only platform where they can provide a critical
mass of data on themselves and their businesses and list micro-loan requests. Lenders
can browse loans to select lending opportunities suitable for their needs. Lenders are
provided with a complete suite of tools to assess and manage the credit risk,
contractualize the loan and monitor its performance. It is currently in Beta stage and
Term Loans - P2B Marketplace expected to launch in Q2 2016.
Tailwind Crowd [Utrecht, 2014]: Tailwind Crowd is a reward-based crowdfunding and
crowdlending platform. With a reward project the project owner presents a good or
original idea on the site. Usually a small product. Supporters can fund this idea. The
money which is gathered through these means is then used to make it possible to
fabricate the product. As a reward, the supporters then would get this product as
soon as it is fabricated. With a lending project the project owner presents his
company on the site. The project owner wants to borrow money, usually to realize a
specific project or expansion. Investors can fund portions of this loan. The money is
then used to realize the project and the project owner repays the loan over time with
Term Loans - P2B Marketplace interest. Tailwind applies an “all or nothing” model.

YouCan2 [Sindelfingen, 2014]: YouCan2 is a Crowdfunding and eCommerce service

based in Europe. It allows all types of crowdfunding i.e. donations, rewards, equity
and loans.
Creation Leaders [London, 2014]: Creating Leaders is a crowdfunding platform

dedicated to finance projects via collections of grants or loans, in a social and
collaborative structure. It indeed offers entrepreneurs , project developers and
contributors a social network to enable them to communicate better with each other
Term Loans - P2B Marketplace and interact on projects they support.
Grapster Region [Paris, 2015]: Grapster Region is a local participatory investment site
that allows people to invest in quasi-equity in one or more start-ups in their local
areas. Invest in a Grapster Region project is directly involved in financing a business,
in local area. Investors allow a businessman to settle by paying the necessary funds in
exchange for interest. This gives investor the satisfaction of contributing directly and
Term Loans - P2B Marketplace concretely to the revitalization of the local fabric.
GeldDoel [Nijmegen, 2014]: GeldDoel is a crowdfunding platform that aims to help

start-ups and fun initiatives raise funds. All the projects are pre-screened before thy
appear on the platform. It follows fixed fundraising model and the target that is to be
achieved is 90% of the amount to be raised . The minimum investment allowed is €
Term Loans - P2B Marketplace 5000 per project.
CrowdfundBank [Paris, 2014]: Crowdfundbank is a crowdfunding platform by

connecting French SMEs seeking a loan or equity with investors who want to invest
their savings in companies or alternative assets. Crowdfundbank relies on the opinion
of experts Nfinance Securities (www.nfinance.fr) to ensure the best investments of
Term Loans - P2B Marketplace the participatory web.


RealFunding [Barcelona, 2014]: RealFunding helps organizations of social or

environmental impact to have better access to credit by offering a platform, for
collective funding of interest-free loans, where organizations seeking campaign
finance and social investors consult.
ClubFunding [Paris, 2014]: ClubFunding is a crowdfunding platform that provides
investors, retail and institutional, bonds issued by French SMEs. The minimum
investment on the platform is 500 euros. ClubFunding helps businesses and investors
in all phases of project financing by bonds: credit analysis, installation of the program,
collecting subscriptions, manage payments and refunds, followed by the issuer-
Term Loans - P2B Marketplace investor relationship.
Raizers [Paris, 2014]: Raizers is a crowdfunding platfrom that connects individuals

and growing companies to raise finance. It is open for comopanies planning to raise
50,000 € to 1,000,000 €. Each company is screened before it appears on the platform.
ECrowd! [Barcelona, 2013]: Ecrowd Invest is a P2B Crowdlending platform that allows
investors to earn passive income by investing in loans to projects with positive social
impact.It connects owners of energy and telecom projects with investors the looking
for smarter alternatives to invest. By investing in these projects, they contribute
towards better energy models and improved telecom infrastructures while creating
Term Loans - P2B Marketplace wealth and welfare in their communities. It allows a minimum investment of 50 €.
Arbol Finance [Barcelona, 2011]: Arboribus is a crowdlending platform connecting

individuals investors and small businesses. It allows an investor to invest 20 to 2,000
euros per company. Arboribus handles the preliminary analysis of companies seeking
funding, formalize the agreements and keep track of payments, keeping the investor
Term Loans - P2B Marketplace informed at all times.


Aescuvest [Frankfurt am Main, ]: Aescuvest crowdfunding (debt) platform with a

focus on medical and healthcare startups in Germany. The minimum investment is
250 euros, the term extends over 3-7 years depending on the project. It follows all or
nothing fundraising model.
Credit.fr [Paris, 2014]: Credit.fr is an online platform that allows businesses to borrow
from €20,000 to €200,000 for a time perdio of 3, 4 or 5 years. The interest rates vary
from 3.4% to 8.7% depending on the loan tenure. Investors can invest a minimum
amount of €100 in a project with the maximum amount being €1,000 and diversify
Term Loans - P2B Marketplace their portfolio across loans of various risk classes.
Pretgo [Paris, 2014]: Prêtgo is a web platform for crowdfunding that allows
individuals to invest in business projects. As for companies, they benefit from a quick
loan without warranty or guarantee or minimum intake. The Lenders invest money in
the project of their choice and will receive monthly repayments plus interest.
The Dutch Deal [Eindhoven, 2014]: The Dutch Deal is a peer-to-peer crowdfunding
organization, controlled from Strijp-S, the entrepreneurial heart of Eindhoven.On this
online platform entrepreneurs can present their projects. All the projects are
screened before they appear on the platform. Investors choose the project to invest
Term Loans - P2B Marketplace it. It allows a minimum investment of € 25.
Prexem [Paris, 2014]: Prexem is an online lending platform where business owners
apply for financing from investors. Companies can borrow unsecured loans between
€ 10,000 and € 500,000 for a loan tenure of 1-5 years. Investors can invest between €
20 and € 1,000 in a loan and diversify their portfolio across various risk classes.


FunderNation [Berlin, 2014]: FunderNation is a Germany based crowdinvesting
platform. The portal focuses on investments in digital media, sustainability, female
leadership, space technologies and innovative German SMEs. FunderNation is more
than a crowdinvesting platform. Before a company starts its fundraising they give
them access to our crowdintelligence service FunderWorld. There the companies and
the investors can exchange feedback, discuss selected challenges and ask potential
Term Loans - P2B Marketplace customers for their opinions.
Capital Circle [Rotterdam, 2014]: Capital Cirlce is a crowdfunding platform that

mediates between investors and entrepreneurs in Dutch SMEs. Each project is
screened before it appears on the platform.
Pretup [Nancy, 2014]: Pretup is a crowdlending platform that connects companies

looking for funding and individuals wishing to invest in business projects. PretUp is a
100% subsidiary of Partners Finance. On the platform, the projects are published for
30 days, companies borrow at rates between 6 and 11% for periods of between 12
Term Loans - P2B Marketplace and 60 months.
BOLDEN [Paris, 2014]: Bolden is an online money-lending platform that allows people
to directly lend to small businesses. It allows a minimum investment of € 20 and helps
to diversify by lending to several SMEs. The loans have a term of 1 to 5 years and are
remunerated at a fixed rate of 4% to 12% before fees Bolden and taxes. SMEs can
Term Loans - P2B Marketplace borrow within the range of € 5,000 to € 400,000.


Finicrowd [Kortrijk, 2014]: FiniCrowd is a crowdfunding platform for entrepreneurs in
Belgium. It is a link between investors and entrepreneurs seeking funding. Investors
invest directly in the companies they select via Finicrowd. Finicrowd provides a
detailed screening and analysis of the companies and the communication between
the different parties. Crowdfunding on FinCrowd can be done for Crowd lending
(loans), rewards based crowdfunding and donation based crowdfunding. So non-
Term Loans - P2B Marketplace profits organisations can raise funds through donations.
MicroWorld [Paris, 2010]: MicroWorld is a peer to peer microfinance lending

platform. Part of the PlaNet Finance Group, MicroWorld allows individuals and
companies to fund micro entrepreneurs projects in developing countries. MicroWorld
supports projects in Peru, Senegal, Madagascar, Lebanon, Tajikistan and Cambodia.
LendSquare [Chicago, 2011]: LendSquare is a platform that allows small businesses to

finance growth by borrowing money from their customers and local communities.
Past projects have included opening new locations, buying equipment, or repaying
expensive business credit cards.
Funding Community [Brooklyn, 2012]: Funding Community lets any individual lend to
any small business. Small businesses apply for loans on the Funding Community
platform, which are then funded by individual “supporters”. The portal operates on a
campaign based model and offer "all-or-nothing" funding principal. Once a campaign
is successfully funded, the portal charges an origination fee of 2.5% of the amount
raised. All borrowers must list rewards on their campaign page, the rewards provide
Term Loans - P2B Marketplace incentive to lenders.


lendwithcare [London, 2010]: lendwithcare.org is an initiative of CARE International
UK which connects people around the world who want to make a difference by
facilitating small loans to entrepreneurs in developing countries so that they can work
their own way out of poverty with a small loan. It allows people to lend as little as £15
to fund a small business and once the money is repaid one can choose to recycle his
loan to support another poor entrepreneur, or withdraw the money. Through
lendwithcare, CARE also partners with local microfinance institutions to provide loans
Term Loans - P2B Marketplace to entrepreneurs
Farm Capital Africa [Nairobi, 2014]: Farm Capital Africa is a crowdfunding platform
that enables investors to put money in sustainable agribusinesses across Africa and
reap profits in return. it manages how these funds are spent on the farm and pays
investors back their capital plus interest It is helping in making a difference in Africa
Term Loans - P2B Marketplace by investing in young agripreneurs.
bankless24 [Weiterstadt, 2012]: bankless24 is a crowdinvesting platform focussing

exclusively German Mittelstand. Through the platform investors can invest in
participation rights(subordinated debt) in SMEs. Investors can start investing with as
little as 100 Euro.The investment in participation rights of SMEs allows share in the
Term Loans - P2B Marketplace profits of these companies.
rebuildingsociety [Leeds, 2011]: Rebuildingsociety.com website operates as a lending

platform by allowing approved businesses to publish a loan application. Investors can
subscribe to parts of the loan after assessing the business's information, committing
an amount of their choice, with an interest rate of their choice. Investments pledged
are compiled to offer the borrower a lending rate. The platform also operates a
secondary loan market. Rebuildingsociety.com has launched three crowdfunding sites
powered by its technology; Be The Lender, eMoneyUnion and Acorn Commercial
Term Loans - P2B Marketplace Finance.


Clasp Investments Limited [London, 2014]: InvestDen is an investment crowdfunding
platform offering both equity and debt in issuing firms. It is owned by Clasp
Investments Limited. InvestDen has also incorporated a secondary market, according
to site. It allows securities not only purchased via its platform to be traded but will
also accept securities issued from other crowdfunding platforms. It has recently
partnered with NYC based Crowdnetic to make the sector morally accountable for the
deals it offers to investors. It charges a fee of 4.88% on projects that reach their
Term Loans - P2B Marketplace target.
TrustLeaf [Sunnyvale, 2013]: TrustLeaf is platform that facilitates loan transactions
between small business owners and their family and friends, the campaigns on the
site are not open to general public. The portal helps in creating terms for the loan and
provides other services such as legal documentation, repayment tracking, and
establishing various financing options. Trustleaf charges users a monthly fee for
access to its tools and services. Also charges a transaction fee if the users choose to
Term Loans - P2B Marketplace channel repayments through the portal.
Zencap [Berlin, 2014]: ZenCap is an online lending platform for unsecured business
loans which provides funding of up to € 250,000 for loan tenure of 6 months - 5 years
at interest rates starting from 3.99%. The loans are assigned interest rate classes,
based on their risk analysis, such as A+, A, B, C, C-. Investors can start investing from €
100 and diversify their portfolio across a range of loans based on their risk
preferences. Zencao doesn't require any collateral for the loan, however it does
require a personal guarantee from the directors of the business. In September 2015,
Term Loans - P2B Marketplace Victory Park Capital committed € 230M to loans originated on Zencap's platform.
Fund364 [Burlingame, 2014]: Fund364.com is a P2B crowdlending platform that

allows investors to lend to small businesses. Borrowers can borrow up to up to
$100,000 per loan request. Investors can start investing with a minimum amount of
up to $500 and would receive principal and interest entirely at the end of loan period
Term Loans - P2B Marketplace if the loan is less than 3 months in term, otherwise on a monthly basis.


ThinCats [Tamworth, 2010]: Thincats is an online peer to peer lending platform for
secured business loans between £50,000 to £3M. The platform organizes an auction
where screened businesses, put up their loan application for investors to bid on. It
only allows experienced private investors, companies, pension funds and institutions
to lend on its platform. The minimum investment amount is £1,000. The platform also
provides a secondary marketplace for investors to access their invested money before
Term Loans - P2B Marketplace maturity.
Crowdstacker [London, 2014]: Crowdsacker is an online P2P lending platform for
business loans between £1M - £50M. On the platform investors can commit to the
loan requirements of a businesses selected and screened by Crowdstacker. Once the
bidding is complete the loan amount is transferred to the borrower, else the amount
is returned to the lenders. The loans are either unsecured or secured with a lien on
assets and/or a personal guarantee from the directors of the company, depending on
the terms of the loans and details of the business. The loan is divided in multiple
tranches for part disbursal of funds to the borrowers. It also has a secondary
Term Loans - P2B Marketplace marketplace where lenders can trade loan notes for a fee to the platform.
My Angel Loan Ltd. [ , 2014]: My Angel Loan is an online platform that facilitates P2P
lending for business loans. It has applied to the capital markets and financial services
regulator, the Financial Markets Authority, to become licensed to operate a peer-to-
peer business lending platform in New Zealand and expects to be operational in 2015.
It is also preparing to launch in Australia. The founders also operate an equity
Term Loans - P2B Marketplace crowdfunding website called My Angel Investing.


Crowdo [Singapore, 2012]: Crowdo is an online platform offering a full portfolio of
crowdfunding solutions including equity crowdfunding, P2P lending, white label
solution for crowdfunding. On its equity crowdfunding platform it allows investment
up to RM50,000 in a 12-month period for retail investors and up to RM500,000 for
angel investors in a 12-month period. It also helps businesses in building and
managing a fully branded crowdsourcing platform. As of July 2015, its P2P lending
platform is currently operating in an invite-only mode. Started in Singapore, the
Company is now expanding to Indonesia and Malaysia. Crowdo is one of only 6
Term Loans - P2B Marketplace platforms receiving official approval to operate in Malaysia.
Folk2Folk [Launceston, 2013]: Folk2Folk is an online P2P arranger for secured
business loans. It allows people to borrow more than £25,000 with a first lien on the
property and an LTV of less than 60% of the underlying asset. Once the loan
application is verified, it is uploaded on the platform for funding commitment by
investors. The lenders can invest in various loans through the dashboard with a
minimum investment amount of £25,000. Each loans can be funded by one to eight
lenders and lenders can therefore fund a loan partly or in full. Currently the company
only focusses on the businesses in South-West UK. It has raised over £30 million woth
of loans between February 2013 and September 2014 for businesses in various
industries including renewable energy, house building, leisure facilities and land and
Term Loans - P2B Marketplace property acquisition


Marketlend [Sydney, 2014]: Marketlend is an online P2P lending marketplace for
business loans in the range of A$2,000 and A$1M for a loan tenure of 3-5 years. It
provides small business loans, short term and bridging loans, auto and vehicle loans,
equipment loans and personal loans. Once the loan application is uploaded by the
borrower on the platform, a credit check is performed and a risk bank is allotted to
the loan. The loan is then listed on the platform for investors to commit the amount
to. Invoices are verified once the funding is complete and money is transferred to the
seller of invoices. The investors can invest in full set of loans, single loan, part of loan
according to the risk appetite and criteria. Its Bid Pay service automatically matches
the optimum investment loan mix to investor's preferred investment criteria and
automatically bids on the investments. The minimum and maximum bid amounts are
Term Loans - P2B Marketplace $100 and $10,000 respectively.
LendingCrowd [Edinburgh, 2014]: LendingCrowd is an online lending platform for
business loans in the range of GBP 5,000 to GBP 250,000 for a tenure of up to 5 years.
Once a user uploads the loan application a credit check is performed on the user and,
if approved, the loan is listed on the marketplace where investors bid on the loan.
Investors have an options of bidding on a loan or invest in loan parts that are available
to buy immediately in the loan exchange, secondary marketplace where
LendingCrowd Investors can buy and sell their loan parts.Once a loan reaches its
target, the most competitive bids are accepted or if an investor bought a loan part
then the investment is instantly processed. The investor has an option of diversifying
the portfolio by investing across loans in different risk bands which range from A+ to
C-. It charges an origination fee from the borrowers and a 1% annual fee from the
Term Loans - P2B Marketplace investors.


LendEx™ [Coorparoo, 2013]: Lending Exchange (LendEx) is an online marketplace for
P2P lending. It allows individuals and small businesses to borrow between $10,000
and $500,000 for 1 to 5 years and fixed interest rates starting from 8.75%. Individuals
applying for loan should have an annual income of at least A$50,000. Investors can
choose to invest directly into a single loan from as little as $100 per loan (Note) or
diversify their loan portfolio by investing in multiple loans. Investors can achieve
returns between 7% and 15% depending on credit profile of the borrower, security
Term Loans - P2B Marketplace offered and term of the loan. The company is scheduled to go live in September 2015.
Lending Loop [Toronto, 2014]: Lending Loop is an online lending marketplace for
SMBs in Canada. It allows borrowers to borrow loans in amount between $5,000 and
$500,000 for a tenure of 6 months to 5 years for purpose such as equipment
purchase, renovation, expansion, working capital and inventory purchase. It charges a
one time loan origination fee from the borrowers which ranges between 3.5% and
5.5%. Once a loan request is put up on the platform, lenders will commit a certain
amount to the loan and the request is open for 30 days or till complete amount is
committed, whichever is earlier. Lending Loop acts as a platform for people to form a
Term Loans - P2B Marketplace partnership and lend to the business.
ArchOver [London, 2013]: ArchOver is a Crowdfunding platform offering secured
lending products. It provides four types of loans to businesses: 1. Trade loan which
are secured and insured against accounts receivables; 2. Asset loans which are
secured against existing assets of the borrower; 3. Purchase loans which are secured
for up to 80% of the value of the asset to be purchased; 4. Bespoke loan which are
customizable loans and do not fit the scope of any of the other loans available. The
borrowers are required to maintain the asset of value of at least 125% of the loan
value. It allows individual, institutional and organizational investors to invest on its
Term Loans - P2B Marketplace platform and require the minimum investment amount of GBP 1,000.


Funding Knight Limited is authorised and regulated by the Financial Conduct
Authority and registered with the Information Commissioners Office [Portsmouth,
2011]: FundingKnight is a UK peer-to-peer (P2P) money lending service that allows
borrowers and lenders to deal directly with one another. FundingKnight offers
businesses to borrow up to £100,000 for expansion, while lenders can open an
account with just £500. FundingKnight assign a quality rating to each of the presenting
loans. When the borrower pays a higher rate, the lender will receive that higher rate.
FundingKnight was founded in 2011 and is available to customers throughout the
Term Loans - P2B Marketplace United Kingdom.
Loanbase [San Mateo, 2013]: Loanbase is an international blockchain-based bitcoin
crowd-lending platform. They attempt to make Peer-to-Peer Bitcoin lending a secure
and sustainable process. Borrowers get the lowest possible interest rates and lenders
enjoy the lowest default rates. Their platform also provides small
$263K
businesses in emerging markets with access to capital at affordable rates from lenders
across the globe. Small businesses have had disproportionately limited access to
capital, yet they're fundamental drivers of the economy. Investors include LaunchHub
Term Loans - P2B Marketplace - Bitcoin and Boost VC.
StemFund [London, 2013]: Stemfund is a peer-to-business lending company which
uses Bitcoins as a way of transaction. It allows investors to invest a maximum amount
of £2,000 in respect of a proposed borrower's funding request. The borrower creates
a loan request and publishes it on the Loan Requests page where investors choose the
amount and rate at which they want to lend in the loan auction. When the loan is fully
funded, the loan auction lasts for 1 more day during which an auction occurs between
investors and only the lowest rates will be kept in the loan auction. At the end of this
last day, the borrower decides on the allotted amount and rate and get the money
Term Loans - P2B Marketplace - Bitcoin transferred to their account.


Yooli [Beijing, 2013]: Yooli is a P2P lending company. Launched in 2013, Yooli
cooperates with 23 offline micro-credit companies, offering investors access to loans
that are originated from many of the smaller P2P platforms. In order to build trust and
SoftBank, Hillhouse Capital,
confidence, Yooli partners with a third party to assess the credit quality of each $106M
Morningside Group
individual loan. They also partnered with third-party guarantors to ensure that the
Term Loans - P2B Marketplace - Only accredited lenders receive monthly returns. The company claimed more than 760K registered
investors users with a turnover of more than 1.8 billion yuan (around US$290 million).
Dealstruck [San Diego, ]: Dealstruck is a lending platform that offers multiple
solutions to the credit needs of small businesses. It has on offer, products such as
Inventory Line of Credit, Custom Term Loans, A/R Based Line of Credit, and more. The
Peterson Partners, Brevet Capital,
principal amount lent usually ranges from $50,000 to $500,000, the portal charges a
Trinity Ventures, Community
loan servicing fee along with interest on the amount lent. It currently allows $19.5M
Investment Management LLC,
institutional and accredited investors to invest on the platform. The platform has
Blackbird Ventures
sufficient technical infrastructure to make the entire loan application process online
Term Loans - P2B Marketplace - Only accredited with underwriting services included.The platform has raised venture funding to the
investors tune of $8.3 million USD, as well as a $50 million credit facility.
Bond Street [New York City, 2013]: Bond Street is an alternate lending platform for
providing credit to small businesses. The principal lent can range from $50,000 to
$500,000 with a term that is no longer than 3 years. The rates start at 6% and vary
Founder Collective, Slow Ventures,
with the profile of every application. The platform secures the loan against the assets
$12.2M Jefferies, Spark Capital, Red Swan,
of the business and the personal guarantee provided by the borrower. The loans are
Homebrew, Collaborative Fund
financed by the institutional investors and the accredited investors that have
Term Loans - P2B Marketplace - Only accredited partnered with BondStreet. Bondstreet has raised $110 million in debt financing from
investors Spark Capital, and Jeffries.


Propellr [ , 2013]: Propellr is a New York-based firm providing alternative asset
investments and services to accredited investors. Propellr sources, analyzes,
negotiates and actively manages a portfolio of structured credit investments secured
by commercial real estate. Unlike traditional brokerage houses and crowdfunding
platforms, Propellr aligns itself with investors interests by investing a minimum of 10% $1.6M
of its own money into every deal Projects are listed for accredit investors to browse
through and invest, once the investment requirement is reached, the deal is
Term Loans - P2B Marketplace - Only accredited structured and investors begin to receive periodic payments until the investment
investors reached maturity.
I-Bankers Direct [New York City, 2012]: I-Bankers Direct brings together accredited
investors and early stage businesses for debt and equity investment opportunities.
The investors can start with an amount as little as $5000 USD, and go on to fund an
$1.5M
entire loan requirement. The portal does not charge any fee to investors, instead it
Term Loans - P2B Marketplace - Only accredited earns a success fee on all funds raised. The legal expenses, banking fees are borne by
investors the companies looking for investments.
Funding Tree [London, 2013]: Funding Tree is the UK-based hybrid equity
crowdfunding and peer to peer lending platform directly authorized and regulated by
the Financial Conduct Authority. It helps businesses at every stage of their life cycle,
from raising equity for their new venture to offering peer to peer lending to fund their
$1.25M
expansion, Funding Tree helps business start ups and established businesses raise
finance from a network of investors looking for good returns on their investments. It
Term Loans - P2B Marketplace - Only accredited only allows Everyday (Restricted) Investor, Advised Investor, Sophisticated Investor or
investors High Net worth individual to invest through its platform.


CoolMellon [Austin, 2014]: CoolMellon is a crowdlending platform that gives
accredited investors with access to mezzanine debt investment opportunities across
all industries. After completing an application, Investors can browse investment
opportunities, learn about the sponsors, view details and sign legal documents online.
$0.5M
CoolMellon invests as a single limited member into a sponsor’s Limited Liability
Company (“LLC”) or Limited Partnership (“LP”). All CoolMellon investors are pooled
Term Loans - P2B Marketplace - Only accredited into a special purpose vehicle, typically an LLC, and then CoolMellon subscribes to the
investors sponsor’s entity as a single investor.
Becual [Santiago, 2014]: Becual is an online P2P lending platform facilitating business
loans. A borrower uploads the loan listing on the website with the loan amount,
tenure and rate. Investors can then choose the loan they would like to invest in and
transfer the preferred amount. An investor has to invest a minimum of $100,000 in
Becual coins which are needed to take part in the auction. It offer four types of credit $140K
loans for borrowers: 1. Credit A: Amortized over time; 2. Credit B: Bullet principal
payment, periodic interest payments; 3. Credit C: Principal and interest as bullet
Term Loans - P2B Marketplace - Only accredited payments; 4. Credit F: Lending secured against invoices. Investor can also sell their
investors investment or a part of it at any time to new investors.
Startup Capital [Austin, 2015]: SC&;EF enables entrepreneurs to get the money they
need to launch and grow. It is a direct lender, as well as a partner with dozens of
nationwide providers of business capital. Offers business loans, lines of credit, small
business administration loans, invoice factoring, merchant (credit card) cash advance,
unsecured business credit cards, and access to a broad network of angel investors,
venture capitalists, and private equity groups. Through their Social Impact Lending
Term Loans - P2B Marketplace - Only accredited Group they provide loans and financial solutions to non-profit organizations, benefit
investors corporations, and low-profit LLCs.


TradeUp [Los Angeles, 2014]: TradeUp is an equity as well as debt crowdfunding
platform for companies seeking to start or step up their international sales and
presence to raise within a range within a range of $10,000-10M. Only accredited
investors can invest on the platform. It charges a monthly subscription of $99 for
Term Loans - P2B Marketplace - Only accredited companies raising less than $250,000, and $199 for companies raising $250,000-
investors $500,000,and $499 for companies raising more than $500,000.
UK Bond Network [London, 2013]: UK Bond Network links high net worth and
sophisticated individuals as well as institutional investors and wealth managers with
pre-vetted UK business borrowers through an online bond auction platform.
Term Loans - P2B Marketplace - Only accredited Businesses can access finance between £500k and £4M.
investors
New Union [Singapore, 2013]: Based in Singapore, New Union is a Business Financing
Platform where local businesses seeking short-term financing connect with individuals
and businesses seeking short-term investments. New Union raises funds from
accredited investors and institutional investors. SMEs usually obtain loans at interest
rates as low as 8% per annum, supported by one or more investors usually within 2
Term Loans - P2B Marketplace - Only accredited weeks from the application date. As of October 2015, New Union has handled
investors financing of more than S$168 million across Asia to over 500 SMEs.
LenderWize [London, 2014]: Lenderwize is an online marketplace where big

institutional investors -- hedge funds, family offices and rich individuals -- can advance
funds to booming Telecoms. It is P2B CrowdLending service which invests
Term Loans - P2B Marketplace - Only accredited crowdsourced funds in Telecom Commodity. Interest is paid twice yearly.
investors


Loans4SME [Mumbai, 2015]: Loans4SME is an online debt syndicate platform that
allows HNIs, investment companies and corporate treasuries to offer loans to SMEs.
SMEs can take loans for working capital or for business growth. Investors can build a
diversified portfolio by investing across multiple sectors and geographies based on
Term Loans - P2B Marketplace - Only accredited their risk profile. The final agreement is mutually decided between the borrower and
investors and the lender.
Go2 Loans [Southampton, 2015]: Go2 Business Loans is an online marketplace of
business loans for South England based businesses. It offers P2P lending platform
which allows businesses to borrow up to GBP 150,000 for a maximum tenure of 5
years. It charges a fee between 2-5% for the loan origination from the borrowers and
a 1% annual fee from the lenders. It uses the credit score for the borrower from
Experian. The loans might be secured or unsecured and may or may not have a
Term Loans - P2B Marketplace - Only accredited personal guarantee attached to the loan. Investors can lend money to a business by
investors auction mechanism and can also trade loans in the marketplace.
Fundbird [ , 2014]: Fundbird is an online lending marketplace for business loans. It
facilitates secured and unsecured business loans, asset finance, property loans, trade
finance, invoice financing, equity crowd funding, P2P loans, lease financing and
merchant cash advance. It serves a variety of industries such as retail, business,
hospitality, construction, real estate and healthcare. Banks and alternative lenders act
Term Loans - P2B Marketplace - Only accredited as lenders on the platform. Company's operations are free for borrowers and it
investors charges fee from the lenders.
Emerging Crowd [London, 2014]: Emerging Crowd Ltd is a UK based global
crowdfunding and investment platform focused on unlisted growth-stage companies
in emerging and frontier markets. It is headquartered in London and is focussed on
selected regions that have demonstrated economic and political stability, a reliable
Term Loans - P2B Marketplace - Only accredited investor protection framework, legal and regulatory certainty, transparency and
investors market integrity. It is open only to accredited investors.


FINPOINT [London, 2010]: Finpoint is an online platform which allows SMBs to access
financing from accredited investors such as financial institutions, leasing companies,
factoring companies, VC companies, business angels and family offices. It charges a
one-time origination fee of 1-3% and offers financing types such as investment
financing, resource financing, goods financing, factoring, leasing, mezzanine etc. It has
Term Loans - P2B Marketplace - Only accredited so far financed 84 loans totalling €155 with a further 110 loans totalling €290 million
investors under discussion.
Capital Float [Bangalore, 2013]: Capital Float is a digital finance company providing
working capital loans for small businesses and start-ups in India. The company has
created a proprietary technology platform to evaluate the financial health of SMEs.
Provides unsecured working capital loans ranging from INR 1 lakh to 2 crore at Aspada Investments, SAIF Partners,
$42M
interest rates starting from 16%. Loans are offered on the basis of cash flows, Creation Investments, Sequoia Capital
customer relationships and expected receivables. Borrowers can apply online the loan
is disbursed within 3 days. Also offers term loans and invoice financing to businesses.
Working Capital In May 2016, raised $25M in series B funding and is valued at over $100M.
Moula [Melbourne, 2013]: Moula is an Australia-based online lending platform for

working capital loans of up to $100,000 to SMBs. The usual tenor for loans is 6 $32M Liberty Financial Pty Ltd
months, however it can be further extended on a case-to-case basis.
Working Capital


TradeRiver Finance [London, 2009]: TradeRiver is an alternative online funding
solution which finances trade, both cross-border and in the UK. All trade transactions
are funded and executed online, providing a simple, fast, secure and flexible solution
to trade buyers and suppliers globally. TradeRiver is an online funding solution that
provides trade finance for SMEs, allowing them access to working capital at any point
in the supply chain to help support and grow their business. It works by providing the $3.99M GLI Finance
buyer with a pre-approved revolving facility that can be used to finance trade with
multiple suppliers. Payments and administration are paperless and transparent via a
secure online platform. Buyer finance up to 120 days. As of July 2015, it has now
supplied over £60 million in working capital to small and mid-market businesses since
Working Capital 2011.
Bilbus [New York City, 2010]: Bilbus is a working capital platform that enables small
businesses to invoice, collect and connect with commercial lenders via a single $53.3K Seedcamp
dashboard. They have closed operations since May 2015.
Working Capital
Fora Financial [New York City, 2008]: Fora Financial provides working capital
solutions to small businesses in need of financing to sustain or grow their enterprise.
The company claims to operate through a consultative approach, listening to
Palladium Equity
customers’ needs and providing a customized solution to best meet small business
financing. They offer merchant cash advance and small business loans. It approves
Working Capital loans up to $250,000, in as little as 72 hours.
Merchant Money [London, 2013]: Merchant Money is an online lending platform that
offers working capital loans and merchant cash advance. The business must be
operational for atleast 24 months in order to be eligible for funding. Their interest
rates vary from from 2% to 5% per month. As of April 2016, it claims to have funded
Working Capital £50M to over 1000 companies.


Fusion Capital [Miami, 2014]: Fusion Capital provides working capital from $5K to
$250K to SMBs, in business for atleast 6 months. Monthly revenue should be more
than $10K. No collateral required and SMBs with bad credit can also get approval.
Their process allows for funds to be issued within 72 hours of submission.
Working Capital
TradeRiver USA [Baltimore, 2010]: TradeRiver has developed a sophisticated toolkit
of trade finance options to meet the needs of buyers and sellers, particularly when
trading across borders. As a registered Buyer, user has a revolving credit facility with
which he can pay cash to any of his suppliers, and enjoy up to 120 days to settle his
balance – delivering him significant cashflow and working capital benefits. To decide
the credit limit, they look for a minimum three years’ healthy trading record, up-to-
date statutory and recent management accounts. As a registered Seller, user enjoys
100% cash settlement of his trade transactions without recourse once the customer
Working Capital accepts his goods or services.
CapitalFront [Washington D.C., 2015]: CapitalFront offers financing to small and mid-
size businesses. Its products include merchant cash advance, receivable financing,
factoring, SBA lending and fixed rate term solutions, to independent business owners.
Working Capital
Askmepay [Delhi, 2015]: AskMePay launched AskmeFin to provide alternate financing

option to its sellers. Plans to offer working capital loans to SMEs including overdraft
limit, loans against receivables, and bill discounting. Has tied up with Mahindra
Finance, Bajaj Finserv, Capital Float, Religare, SMEBank.in and Mandii.com. Plans to
Working Capital offer loans ranging from Rs. 50,000 to Rs. 1 crore.


InterNex Capital [New York City, 2015]: InterNex Capital offers loans to small and
mid sized businesses. Products offered by it include lines of credit, Terms loans and
invoice discounting.
Working Capital
Tienda Pago [Peru, 2014]: Tienda Pago is a digital platform that lends working capital
to small retailers to finance consumer goods from distributors and enables a mobile
cashless payments. Stores buy high traffic products with credit and increase sales and
margins of other products.
Working Capital
Indivisible [Boston, 2014]: Indivisible offers credit lines to businesses of up to

$250,000. Business pay interest only on the money they draw and can also lend that
money to others when they are not in need of it. It claims to use art proprietary
analytics platform
Working Capital
Leverage Funding [Long Beach, 2015]: Leverage Funding helps businesses obtain
financing to grow, manage and operate. The platform offers flexible term loans.
Financing approval is based on business sales. If the business is slow, the payments
are less. Loans can be approved for the working capital in as little as 24-48 hours.
Working Capital
Mass Funding [New York City, 2015]: Mass Funding specializes in working capital cash
advances based on businesses month to month performance, typically over 6-14
month terms. The business that qualify for financing must be operational for atleast 5
years, have average monthly revenue of atleast $30000 and a credit score of 500 or
Working Capital above.


Credit Cash Capital [ , 2015]: Credit Cash Capital provides business loans, credit lines
and cash advances to small and mid-size businesses, providing capital to healthy but
under-served businesses without the time, documentation and availability issues
associated with an SBA or conventional bank loan. The company has reviewed the
available options in the marketplace and created the Business Credit
Building/Financing Loan Programs available by offering the simple application process,
broad range of merchant acceptability and the high advance and loan &; credit
Working Capital volumes available.
BasketCap [Singapore, 2015]: BasketCap is an online loan provider for merchants of

e-commerce websites based on their e-commerce metrics. Targeted at the e
commerce sellers it claims to provide swift loans to the merchants without any
collateral. The loan money is directly credited into the merchant's account.
Working Capital
Thrive [ , 2014]: Thrive offers revolving line of credit to small and medium sized
businesses within a range of $5,000 - $25,000. In order ti qualify the business must
be operative for 2+ years, a minimum FICO score of 650 and a minimum of $250,000
in annual revenue.
Working Capital
Aspiria [Guadalajara, 2013]: Aspiria provides loans to underbanked SMEs and the self
employeed in developing economies. It offers credit lines up to $ 150,000 at 0.8%
weekly. It takes weekly repayments. The industries they cater to include online
businesses, restaurants, car workshops, clinics, insurance.
Working Capital


Crown Point Funding [La Jolla, 2012]: Crown Point Funding offers working capital
loans to small and medium sized businesses. It offers business line of credit up to
$100,000. They currently work with the areas of business including: hotels, motels,
restaurants, franchises, auto body shops, jewelry stores.
Working Capital
Lendified [Toronto, 2015]: Lendified is a Canada based platform providing fixed rate
working capital loans to small businesses. It offers business loans within a range of
$5,000 to $35,000 for 3 to 12 months. It charges origination fee of 2.0% of the loan.
Working Capital
Verus360 [London, 2014]: Verus360 launched in 2014, backed by the Bibby Line
Group to provide UK SMEs with business finance products. Their business finance
works like a secured overdraft, but is delivered online, they provide a flexible loan
facility up to £250k with one simple rate, for the money used and for the time used.
Verus360 would then open a bank account for the business in NatWest bank and
Working Capital would ask the business to direct its customer invoice payments to that bank account.
FundX [Sydney, 2015]: FundX is an invoice discounting platform providing working
capital solutions to small to medium Australian businesses. FundX is integrated
directly into the borrower's accounting software, allowing FundX to clear the chosen
invoices immediately, funding the borrower while he waits for payment from clients.
FundX uses big data, machine learning and predictive algorithms to analyse risk and
authorize invoice funding. Approved customers can choose to clear any or all of their
pending invoices and have funds transferred directly and securely to their nominated
bank account within 24 hours. Their advance rates start at 2% per month depending
Working Capital on the risk level of the company and the rates get lower the more they use FundX.


Kabbage [Atlanta, 2009]: Kabbage is a provider of working capital loans for small
SoftBank, Mohr Davidow Ventures,
businesses. It leverages data generated through business activity such as seller
Recruit Strategic Partners, Scotiabank,
channels, social media, shipping data, and other sources to understand performance
United Parcel Service, TPG Capital,
and delivers financing options for small businesses. The loans are made by Celtic
Thomvest, Western Technology
Bank. In addition to this, Kabbage also provides white label platforms to companies
Investment, Santander InnoVentures,
wanting to start their own lending platforms. Has so far raised $350M in debt from $289M
Lumia Capital, Guggenheim Partners,
Western Technology Investment, Thomvest Ventures, Victory Park Capital,
ING, BlueRun Ventures, SV Angel,
Guggenheim Securities and others. In January 2014, Forbes named Kabbage one of
Reverence Capital, Victory Park
the Top 100 Most Promising Companies. All Kabbage business loans are issued by
Capital, TCW Group, Square, Stephens
Celtic Bank, a Utah-Chartered Industrial Bank. In 2015, it launched a white-label
Inc
Working Capital - B2B offering where third parties will power loan services using Kabbage’s technology.
CAN Capital [New York City, 1998]: CANCapital is a credit source for small businesses, Morgan Stanley, Wells Fargo, QED
the portal offers term loans and merchant cash advances to borrowers. The business Investors, Ribbit Capital,
loans can range from $2,500 to $150,000 for a term not exceeding 24 months. The Amalgamated Bank, Meritech, J.P.
merchant cash advances are future credit card sales bought by the platform at a $63M Morgan, barclays.co.uk, Fifth Third
discount, and are repaid in as a percentage of sales weekly. The company has been in Bancorp, Accel Partners, AloStar Bank,
operation for seventeen years and funded over 156,000 small businesses. CanCapital Regions, SunTrust, First Tennessee,
Working Capital - B2B has raised a US$650M credit line and makes the loans through Web Bank. UBS, CapitalSource
Kreditup [Berlin, 2013]: Kreditup provides short-term interim financing to small
business owners and self employed users. In particular, companies that receive no
funding at traditional banks are taken into account here using our cash flow
analysis.The companies should have existed for one year with an annual turnover of
at least EUR 50,000. The user should not have any overdue payables. First-time
customers can get 3,000 euros and repeat customers can get uptp 10,000 euros. The
maximum duration for a loan is 60 days. They also provide an express transfer feature
in which amount is credited to the borrower's account within 24 hrs. They charge
$108 when this feature is exercised. It has partnered with Net-m Privatebank for
Working Capital - B2B underwriting the loans. Payday Lender Vexcash is the major shareholder.


BetterFinance [San Francisco, 2009]: Better Finance (fka BillFloat) is a financial
technology company providing leasing and credit solutions to consumers and small
businesses online, in-store and via mobile. It has two main products: SmartPay and
PayPal, SV Angel, First Round,
SmartBiz. SmartPay provides lease-to-own payment plan for smartphones,
$37M Venrock, SoftTech VC, Baseline
accessories and other high-value items and payments are spread over an extended
Ventures, Investor Growth Capital
term to make them more affordable. SmartBiz provides SBAs with working capital
loans between $5,000 and $25,000. Better Finance sold its SmartPay Leasing Inc. unit
Working Capital - B2B - Marketplace to Tempoe, a provider of no-credit-required financing of purchases on 29 Sept, 2015.
Lendingkart [Ahmedabad, 2014]: Lendingkart is a web platform that enables SMBs to
apply for working capital to tackle their business growth. The company uses client’s
cash-flow, credit history and customer experiences to evaluate the business.
Customers can select the amount they need and for the amount of duration to get the
amount of repayment required. The company charges 1% one-time fees for setting up
their line of credit in the system, which is payable only if the customer avails the
$10.65M Saama Capital, IFMR Trust, Mayfield
credit facility. Funds offered range from INR 1 lakh - INR 50 lakh. Collaborated with
TradeIndia.com to expand offline business as of Nov '15. In Feb '16, the company tied
up with Voonik and Craftsvilla to offer loans to their merchants. In March '16, entered
into strategic partnership with Mahindra's SmartShift, a digitally enabled aggregator
for cargo owners and transporters. to make working capital fund easily accessible to
Working Capital - B2B - Marketplace SmartShift SMEs.
FINEXKAP [Paris, 2012]: FINEXKAP is a lending platform which connects small and
medium-sized businesses and qualified investors. It is a web-based marketplace
$7.46M Kima Ventures, FinSight Ventures
providing short-term working capital financing, through Finexkap AM, its fund
management affiliate company.
Working Capital - B2B - Marketplace


The Credit Junction [ , 2013]: The Credit Junction is a technology-enabled, online

marketplace lending platform focused on providing working capital and supply chain $2M GLI Finance, Victory Park Capital
financing solutions. It offers loans varying between $500K TO $5M.
Intoo [Sao Paulo, 2013]: The Intoo is a B2B platform that connects small businesses to
banks and investors. Uses the concept of supply chain finance to organize the
$126k Monashees
information supply chains, helping large purchasing companies to facilitate the
financing of its suppliers.
LoanZen [Bangalore, 2015]: LoanZen is a lending marketplace aiming to connect small
business borrowers with lenders for short term working capital finance. The
marketplace allows small private limited companies in the services sector to post their
invoices on the marketplace and get unsecured loans from lenders who are
comfortable with the borrower credit profile. The platform is primarily built for
companies with quality clients (MNCs, large Indian corporates) in the software / HR /
advertising / media / staffing / accounting services sectors. Their aim is to leverage
technology to be able to both underwrite credit risk for asset light companies and
connect borrowers with lenders in a transparent marketplace that enables them to
Tracxn Labs
leverage quality credit histories for lower cost credit. Has raised an undisclosed
amount of seed funding through Tracxn Syndicate, from Tracxn Labs and other angel
investors i.e. Rajan Navani, Abhishek Gupta, Vinay Gupta, Praful Thachery, Ashish
Taneja (MD at growX Ventures), Mahesh Parasuraman (co-founder &; partner at
Amicus Capital Partners), Suresh Bala (SVP at GIC, Govt of Singapore investment fund)
among others. Plans to utilized funds in building engineering team, which will work
with varied data sources, and for building the data science team, which will model the
data to predict borrowers’ probability of default. Currently (Feb 2016) lends in
Working Capital - B2B - Marketplace Bangalore, and plans to expand to Mumbai and Chennai by April 2016.


KNAB Finance [Bangalore, 2015]: Knab Finance claims to be working to digitize loan
origination, underwriting, collection and servicing process. Plans to assess credit
worthiness by using data from multiple sources. It partners with online marketplaces,
industry associations and large enterprises to enable working capital needs of their
buyers and suppliers. It also partners with financial institutions and help them deploy
funds to MSMEs. As of Jan '16, the company is in stealth mode. Team from IIT Delhi,
Working Capital - B2B - Marketplace IIM Calcutta and IIM Lucknow.
Behalf [New York City, 2011]: Behalf is an alternate lending platform that offers a line
of credit for purchases to businesses. The platform does not disburse any credit to the
borrower, it instead handles the purchase requirements of the borrowers by dealing
with their vendors directly. This principal of operations mitigates any mismanagement
of funds by the borrower. Once the purchase has been made by the portal, the goods MissionOG, Maverick Ventures,
are received directly by the borrower. The borrower then begins repayments on the $129M Sequoia Capital, Victory Park Capital,
amount of credit used. The portal charges interest rates of 1-3% and offers a Spark Capital
maximum credit line of $50,000 upto 180 days. Behalf is also beneficial to the vendors
as they no longer have to negotiate terms with their many customers. Behalf now
works with select vendors to enable you to get up Net 15, 30 or 45 day terms, interest
Working Capital - Direct Lender free.
SpotCap [Berlin, 2013]: SpotCap is an alternate lending platform that offers credit line
to businesses with a flexible repayment option. The credit line is open and used at the
discretion of the approved businesses, businesses can withdraw as often as once a Holtzbrinck Ventures, Finstar Financial
day. The repayment alternatives include a six month period over which the draw $50.71M Group, Kreos Capital, Rocket Internet,
down is amortized. Repayments lead to a replenishment of the credit line. SpotCap is Access Industries
backed by Rocket Internet and received debt financing worth $5 million USD in
Working Capital - Direct Lender March, 2015.


Expansion Capital Group [Sioux Falls, 2013]: Expansion Capital Group provides
business owners working capital financing using a 3–12 month term finance product.
The Company has developed a technology platform using predictive modeling, data
aggregation and electronic payment technology which enable it to service this target
$2.1M
market. The Company has developed a proprietary end-to-end lending platform
which includes an online based origination platform, a proprietary credit scoring
model, and an automated collection platform that collects ACH payments from
Working Capital - Direct Lender merchants.
Drip Capital [Sunnyvale, 2014]: Drip Capital provides credit lines to SMBs of up to
$200,000 at an interest rates starting at 1.25%. It charges the merchants only for the
amount that they withdraw rather than for the credit line that they were approved $120k Y Combinator
for. Repayment can be made either as monthly installments or as when the customer
Working Capital - Direct Lender makes payment.
National Funding [San Diego, 1999]: Small business loans from National Funding.
Equipment leasing, working capital loans, cash advances, and merchant account Wells Fargo, CapitalSource
services for small businesses.
Working Capital - Direct Lender
Boost Capital [Chelmsford, 2012]: Boost Capital offers working capital loans to
businesses in UK. The repayment is made daily/weekly deductions. The business must
be in operation for atleast 9 months in order to be eligible for loan. Some of the
industries it serves include restaurant, retail, beauty, hotel, and medical industries.


BFS Capital [Coral Springs, 2002]: BFS Capital is a direct lender for small business
loans and merchant cash advances. It lends in the US, Canada and in UK through an
affiliate, Boost Capital. The loans are offered within a range of $4,000 to $2,000,000.
The business must be in operation for atleast 2 years in order to be eligible for
funding. The business must have $4,000 per month in credit card sales in order to be
Working Capital - Direct Lender eligible for merchant cash advance.
ForwardLine [Woodland Hills, 2003]: ForwardLine is an online lending platform which
offers short term business loans. It also offers merchant cash advance wherein the
repayments are made through a fixed, agreed upon percentage of credit card sales.
The loans are available within a range of $5,000 to $150,000 with with 6, 9, or 12-
month repayment plans. The business must be in operation for at least one full year
and have at least $3,000 in credit card sales per month or have at least $150,000 in
sales annually, in order to be eligible for financing on the platform. It is also offers
payment card processing services and Point-of-Sale options for payment processing
needs. Payment products include traditional and wireless terminals, mobile and
Working Capital - Direct Lender virtual terminals, payment gateway solutions etc.
United Capital Source [New York City, 2011]: United Capital Source for premier
financial services including small business loans upto $2M, merchant cash advances,
credit card processing, and more. It works with a wide range of startup businesses
and organizations, specifically restaurant franchises, construction contractors,
pharmacies, and senior living centers. Borrowing businesses should be open for at
least three months and can provide official documentation of their sales history. It
Working Capital - Direct Lender requires at least 51% ownership to close on a deal and in some cases 80%.
PinCap [Gurgaon, 2014]: PinCap is a tech-NBFC registered with RBI offering financial
services in SME Domain. Offers discounting, working capital and sales advance
services. Partners include ebay, Snapdeal, Fashion and You, Jabong, PayU, Myntra,
among others. PinCap was established in 1995 but shifted focus on e-commerce and
retail sector in Oct’ 2014. Claims that most of the loans are collateral free and are
Working Capital - Direct Lender disbursed in 48 hours.


BizCash [Newport Beach, 2012]: BizCash offers small businesses a variety of short
term Cash Flow based loans that range in duration from 6-24 months. Loans range in
size from $25,000 to $1,000,000. These loans can be funded within 3-5 days from the
time of application. Rates are significantly cheaper than a typical Merchant Cash
Advance and loans are paid back via fixed daily payments taken from the borrower’s
Working Capital - Direct Lender checking account each business day. No upfront costs or application fees.
Sqirl [Toronto, 2015]: Sqirl Capital is a provider of capital - through microloans - to
small and medium sized enterprises.They have deployed a proprietary software which
uses an algorithm to assess a business’s health through their online purchasing habits
and their financial statements via custom built API's. They have partnered with
VersaPay to collaborate with customers through their invoicing and accounts
receivable solution. They have also partnered with Experian that ensure healthy
Working Capital - Direct Lender financials and risk management for its customers.
ZipLoan [Delhi, 2015]: ZipLoan is an online lending platform for small businesses.
Uses automated loan underwriting. Gives businesses a ZipScore, a proprietary
scorecard which captures peculiarities of small businesses using 50 variables. Offers
loans ranging from INR 2 lakhs to INR 10 lakhs for a tenure of 1 to 3 years. Ziploan is a
Working Capital - Direct Lender registered NBFC with RBI.
Kikka [Perth, 2014]: Kikka provides Australian small businesses working capital loans
of up to A$100,000. It utilizes alternative data sources to assess finance applications
in real time to provide quick loan decisions.


Everline [London, 2012]: Everline is a provider of working capital financing to SMBs in
UK. Businesses can borrow up to £120,000 for up to 24 months with annualised credit
costs typically between 16-24%. Customers can repay early, in full or in part, at any
time at no extra cost as they are only charged interest for the time they have
borrowed the funds. Everline was acquired by Orange Money (which operates under
Working Capital - Direct Lender a trading name of Ezbob) in 2015.
IOU Financial [Kennesaw, 2006]: IOU Financial is a US based provider of working
capital loans to small businesses. It offers fixed interest loans from $5,000 to
$150,000 for a loan tenure of 6,9 or 12 months with a personal guarantee of the
borrower. It has, so far, offered loans of $200M to a range of businesses like medical,
dental, grocery and retail for purposes such as expansion, inventory building,
Working Capital - Direct Lender purchases etc.
Nongfadai [Shenzhen, 2015]: Nongfadai is an online platform that connects lenders

with borrowers seeking agricultural loans. Offers loans for harvesting, agricultural
credit, auto loans for farming, winter storage credit and other agricultural supply $15.5M
chain financing. Claims to offer 6-12% of interest on loans and also provides
Working Capital - P2B Marketplace protection on principal borrowed.
Jinbank [Beijing, 2014]: Jinbank is an online platform dedicated towards the

investors/lenders to investment in the financial needs of small and micro enterprises.
$7.72M
It loan terms range from within a month to more than 3 months, primarily focusing on
working capital loans. It claims to have raised $7.7M in Series A round of funding.
Working Capital - P2B Marketplace
Renqidai [Shanghai, 2014]: Renqidai is a P2P lending platform that connects users
with idle funds to lend them to SMBs that need financing. Loans are provided for
purposes such as expansion of operations, operational expenses, buying inventory,
$3.07M
etc. Provides a list of portfolios for users to invest in based on returns, offers between
8-14% interest rate. Claims to provide security and risk management for the amount
Working Capital - P2B Marketplace lent.


Loanbook [Barcelona, 2012]: LoanBook Capital is a Spanish peer-to-business (P2B)
finance platform, providing an alternative to traditional savings and fixed income
products to investors of all types via direct participation in loans, and other forms of
credit finance to Spanish SMEs. SMEs borrow from a multitude of people through an
auction mechanism while people are able to diversify their portfolio by lending to a $1.45M
broad range of companies. Prior to get to the marketplace, businesses pass through a
credit and risk analysis process. Also has a secondary market for trading loan
participations. The types of loans offered to borrowers are working capital loans,
Working Capital - P2B Marketplace credit lines and notes financing.
Capital Match [Singapore, 2014]: Capital Match provides short term financing
(invoice discounting, working capital loans) to businesses for amounts between
S$50,000 and S$200,000. The tenure of the loan varies between 3-12 months and the
interest rate between 1.5-2.5% per month. Borrowers can withdraw the money to Innosight LLC, Crystal Horse
$710K
their accounts once 80% of the total loan amount has been funded. The investors can Investments, Tech Invest
invest minimum S$1,000 and pay 20% of the interest earnings as a commission to
Capital-Match. Company's directors provide a personal guarantee on the loans taken
Working Capital - P2B Marketplace by the company.
58KLC [Beijing, 2015]: 58KLC is a P2P lending platform which provides supply chain
financing services platform for restaurants. Some of the credit assessment procedure Capital Nuts Investment Management,
include study of procurement accounts, accounts payable, guarantee, credit rating NewMargin Ventures, Unity Ventures
etc.
Junrongdai [Beijing, 2014]: Junrongdai is an online P2P lending platform which

focuses on supply chain finance systems. Some of its clients include Eventown.com.cn, Chunxiao Capital
kezhanwang.cn, JD.com, Lenovo, Youngor, Pingan Danbao etc.


Jiandanlicai [Tianjin, 2013]: Jiandanlicai.com is a platform which helps industry-
leading small loan companies, security companies, consumer finance company, to
explore the network P2P lending services to other businesses. It claims to have Tianjin Venture Capital
received 50 million yuan Pre-A round of investment, by the Tianjin venture capital
Working Capital - P2B Marketplace management company lead investor.
Kaicaibao [Beijing, 2015]: Kaicaibao is an online financial lending platform and is

focused on enterprises. It helps in financing needs of small and micro enterprises core
Tongxi Capital
business and helps investors by providing low financial risk and stable income based
financial products.
Veekn [Shenzhen, 2011]: Veekn is an information provider platform for both lenders
and borrowers. It helps users negotiate lending rates independent of transactions. It
aims to help individuals and SMEs to solve their business financing needs at
reasonable rates.
Mutual Farm [Kochi, 2015]: Mutual Farm is an online platform where accredited
investors offer loans to farmers for growing crops. It offers entire information
regarding the farmer, land location, farmers experience, soil condition, entire crop
needs and market to the investors through presentations and offers financial analytics
Working Capital - P2B Marketplace for each investment. nner of AngelHack Kochi, 2015.
Easy Financing [Jieyang, 2013]: Easy Financing is a P2P lending platform. It aims to be
safe, efficient, professional network platform for funding the demand side to create
new financing channels, and also to provide investors with low risk factor and a
reasonable return on investment. It also aims to help SMEs and enterprises, in terms
Working Capital - P2B Marketplace of financial development and economic growth.


Damailicai [Shenzhen, 2014]: Damailicai is a online P2P lending platform. It provides
credit insurance, risk capital disbursements solution, business factoring etc. It aims to
help business and pays more attention to corporate financiers to help them identify
companies with good credit record and financial condition, and thereby help
borrowing companies to improve accounts receivables. It has raised Series B round of
Working Capital - P2B Marketplace funding.
NetInvesting [Warsaw, ]: NetInvesting provides a peer to peer financing platform for
businesses to raise finance on terms which match their needs and abilities to pay and
provide investors with a range of investment projects from which they can choose.
The platform is dedicated to businesses with a limited access to the bank financing
and looking for alternative to capital market financing sources, and investors looking
for alternative ways of investing. For growing companies it is a source of fast
affordable short-term and equity financing outperforming bank and market financing
Working Capital - P2B Marketplace for speed and formalities.
Growth Street [London, ]: Growth Street offers a revolving credit facility as an

alternative to a bank overdraft. This allows companies to access capital when they
need it, repay when they want, and only pay interest on what they borrow, when $7.59M Arts Alliance
Working Capital - P2B Marketplace - Only they borrow. It allows HNIs, sophisticated investors and company/institution to lend
accredited investors on the platform.
NeoGrowth [Mumbai, 2010]: NeoGrowth Credit is a non-deposit taking NBFC that is

involved in the merchant cash advance business. Neogrowth extends short term
working capital and inventory loans to small merchants in India against future sales
Aspada Investments, Khosla Impact,
from credit and debit cards on its POS. Its flagship product is NeoCash, an online $11.6M
Accion, Omidyar
lending financing option for businesses with no-fixed EMI model and a flexi-
repayment scheme. The firm extends financing if a substantial portion of borrowers’
Merchant Cash Advance sales happens on the PoS machine.


Viking Funding [Floral Park, 2011]: Viking Funding provides merchant cash advance to
SMEs. The advances are available for up to $250,000. The repayment is made through
fixed percentage from each credit/debit card sale transaction or a fixed ACH dollar
amount daily or weekly from the business checking account. The business must be in
Merchant Cash Advance operation for atleast one year in order to be eligible for funding.
Cresthill Capital [New York City, 2013]: Cresthill Capital provides merchant cash
advance to small and midsized businesses. They claim to approval within 48 hrs - for
loan amount of up to $2M. They provide capital to existing businesses and are not
providing start-up financing. A large part of approving funds is based on recent proof
Merchant Cash Advance of business revenue.
Retail Capital [ , 2010]: Retail Capital is a South African based company providing
business cash advances to companies that accept credit/debit cards. In order to
qualify for an advance the business should have a 6-12 month history of card turnover
and have monthly average of card turnover >R30,000. They industries they serve
Merchant Cash Advance includes restaurants, retailers, beauty spas, and medical practitioners.
Prime Funding Source [New York City, 2012]: Prime Funding Source offers small to
medium size businesses access to working capital. To qualify for a merchant cash
advance, the business must process no less than $5,000 per month in
Visa/Mastercard sales or deposit no less than $15,000 per month in cash. The
Merchant Cash Advance business can obtain working capital within a range of $5,000 - $500,000.
Bizbrella [New York City, 2015]: Bizbrella offers merchant cash advance to small and
medium sized businesses. To qualify for a merchant cash advance, your business must
process no less than $5,000 per month in Visa/Mastercard sales or deposit no less
than $15,000 per month in cash. Also, the business must have been accepting credit
cards for at least 4 months and have no open bankruptcy. The business can obtain
Merchant Cash Advance working capital within $5,000 - $500,000.


GoAccredited [New York City, 2010]: GoAccredited offers merchant cash advancesto
help entrepreneurs enrich and advance their businesses. The range of cash advance is
$5000 - $25000. They charge a one-time flat fee for the money in exchange for future
credit card receivables or banks deposits.
Merchant Cash Advance
Cash Flow Capital [Pretoria, 2014]: Cash Flow Capital provides merchant cash
advance to SMEs in South Africa. Repayments are deducted from the daily revenues
of the merchant.
Tiger Funding [Miami, 2014]: Tiger Funding provides merchant cash advance within a
range of $3,000-$500,000. In order to qualify for the advance the business must be
operative for atleast 6 months and have $10,000.00 in bank deposits every month.
Smart Business Funding [Brooklyn, 2014]: Smart Business Funding is a financial

services provider focused on helping solve the cash flow needs of small businesses. It
offers merchant cash advance. The businesses which can access loan from Smart
Business Funding include furniture store, sporting goods store, gas station, doctors &;
Merchant Cash Advance medical practices, salons, restaurants.
Swift Financial Corporation [Wilmington, 2006]: Swift Capital offers merchant cash
advance to small businesses. Businesses can get funding amounts ranging from
$5,000 to $300,000, depending on monthly revenue, financial payment history and
business strength. Minimum requirements for funding are at least one year in
Merchant Cash Advance business and at least $5,000 in monthly revenue.


Sterling Funding [Tampa, 2005]: Sterling Funding provides merchant cash advances
to businesses. Its business cash advances generally range from $5,000 -$250,000
depending on the business size and type. The business that it provides cash advance
include restaurants, auto service centers, liquor stores, salons, bakeries.
BillFront [London, 2014]: BillFront is an online lending platform that provides working
capital solutions to media houses and app developers. It extends advances to the
customers after looking at their accounting data with which it integrates by its API or
by logging into the user's system. It charges a fee of 2.5% on the advances it extends.
Elevate Funding [Gainesville, 2015]: Elevate Funding provides uncollateralized

merchant cash advances to SMBs of up to $250,000. There are no restrictions on the
funds provided, and can be used for remodeling, payroll, advertising, or new
equipment.
YALBER [Teaneck, 2007]: Yalber provides alternative financing options to businesses

such as merchant cash advance, business loans and royalty-based investments. In
royalty-based investments, the company receives a royalty, or a percentage, of a
business's sales until the specified ROI is reached. It also provides a line of SaaS
Merchant Cash Advance products created for the alternative-lending market.


Innervation PAN African Payment Solutions [Johannesburg, 2000]: Innervation
offers PCI level-1 retail and online payment acceptance solutions to African market.
Its solutions include back-channel card acceptance software used in conjunction with
PoS devices, called Destiny Card Payments. It offers P2PE and Tokenization services as
measures of security, also provides a secure server separate from the store in which Capital Eye Investments
card transactions can be safely completed. Its switch is connected with major African
banks and card issuers. It also provides mPoS devices powered by ikhokha, white label
gift and loyalty card issuing, merchant cash advance and reconciliation services as
Merchant Cash Advance - Daily Deductions well.
Softek [San Juan, 1990]: Softek Financial provides payment processing solutions to
businesses, both online and offline. Its products and services include PoS devices,
virtual terminals, mPoS devices that are compatible with both Android and iOS,
payment gateway aggregator, check acceptance, hosted gateway PaySmart, prepaid
card management program, merchant cash advance, gift and loyalty card programs,
Merchant Cash Advance - Daily Deductions and finally, automated web-based mortgage management service.
Capify [ , 2008]: Capify offers working capital to SMEs. Its loans products include
merchant cash advance and business term loan. Businesses can apply for loan
between £3,500 – £500,000.
Merchant Cash Advance - Daily Deductions
eMerchant Cash Advance [Godalming, 2011]: eMerchant Cash Advance are a

provider of business cash advance. The repayments are deducted from the sales done
through debit and credit cards It requires no security of assets. It offers cash advance
to restaurants, hotels and other small businesses.
Merchant Cash Advance - Daily Deductions


All Business Loans [King Of Prussia, ]: All Business Loans provides business loans
between $5,000 and $50M to business owners for a loan tenure of 4-12+ months. The
loans are of two types: Merchant Cash Advance and Unsecured Business Loans. The
platform matches the borrowers with a range of lenders which can then proceed to
Merchant Cash Advance - Daily Deductions - B2B - approve the borrower and extend a suitable line of credit. Repayment is usually fixed
Marketplace as a % of the future revenue of the merchant.
Fleximize [Ipswich, 2013]: Fleximize is a UK based business lending platforms.

Business receive an immediate capital lift in exchange for a small portion of future
Merchant Cash Advance - Daily Deductions - B2B - revenue at a fixed cost. It offers loans from £1,000 to £1 million +.
Marketplace
Fundomate [Los Angeles, 2015]: Fundomate provides business cash advances up to
$500,000 at the cheapest possible rates, with no personal collateral, and no personal
guarantee. No unnecessary fees and the merchant retains complete control to accept
the offer that best fits their business. All while having their credit pulled just once
during the approval process. The qualified funding amount is based on the volume of
merchant's average monthly credit card sales or average monthly Bank deposits.
Business Cash Advance program allows lenders to convert your future credit card
receivables or bank deposits into the immediate capital. Repayments are linked to
your businesses daily/weekly credit card sales or your bank deposits. When sales are
slow, repayments are minimal and automatically applied until your balance is
Merchant Cash Advance - Daily Deductions - B2B - satisfied. Qualifying terms are 1 Month in Business, $2,500 a month in deposits, Less
Marketplace than 10 NSF's a month, Bankruptcy and Tax Liens Accepted
Snap Advances [Salt Lake City, 2008]: Snap Advances pays the business in advance
for a portion of your future credit &; debit card transactions. As the customers pay, $31.5M TAB Bank
Merchant Cash Advance - Daily Deductions - Direct the advance is paid back with a small, fixed percentage of the daily transactions.
Lender


Lighter Capital [Seattle, 2010]: Lighter Capital is an alternate lending platform that
provides loans to tech-focused startups involved in technology services like SaaS,
software, technology and digital media/advertising. The principal amount lent is up to
$1M or up to 1/3rd of company's annualized return rate. Repayments are scaled to Voyager Capital, Community
company's revenue and terms are available at variable interest rates. All loans are set $15M Investment Management, Summit
to a maximum term of 5 years but can be repaid sooner depending on the revenue Capital, Founders
generation of the company. The loans are secured only against the assets of the
Merchant Cash Advance - Daily Deductions - Direct business. The company has so far participated in over 40 financings with over 30
Lender companies.
Jet Capital [Hurst, 2015]: Jet Capital is a merchant cash advance provider to SMEs.
The advances are given within a range of $1,000 and $100,000. The repayments are
made through daily deductions from the sales revenue. The business must have an
Merchant Cash Advance - Daily Deductions - Direct annual sales revenue of atleast $60,000 and be in operation for atleast 1 year in order
Lender to be eligible for the merchant cash advance.
Merchant Cash Group [Gainesville, 2008]: MCG gives cash advances ranging from
$1,000 to $150,000 to SMBs processing a minimal of 4,000 a month in revenue,
including cash and credit card sales. It should have been in business for at least 6
months. Provides approval decisions within 48 hrs. Repayments are done either from
each credit card batch or by debiting clients' business checking account every day.
They offer various funding programs with expected repayment times that range from
Merchant Cash Advance - Daily Deductions - Direct 1 month to 12 months. It works with over 20 different processors for split funding
Lender including First Data platforms.


Business Credit and Capital [ , ]: BCC specializes in offering retail, restaurant and
service businesses a unique funding solution. It offers fast, low-documentation
merchant cash advances ranging from $3,000 to $100,000- even if client's credit is
less than perfect. To qualify business should have revenue of least $3,000 a month in
credit card sales and should have been in business for at least one month. Repayment
is done by ACH withdrawals and/or Credit Card Split until the Cash Advance is paid in
full. It offers a special “Line of Credit” program for qualified applicants. This gives
Merchant Cash Advance - Daily Deductions - Direct customers the ability to only take a cash advance for what they need now and draw
Lender on the Line of Credit when they need it. No collateral required.
Amplifi Capital [Hong Kong, ]: Amplifi is a wholly-owned subsidiary of AMP Credit

Technologies (“AMP”). Amplifi Capital is a direct lender to small businesses for a range
of £3,500 to £100,000. Its loans are designed for businesses that accept credit/debit
Merchant Cash Advance - Daily Deductions - Direct card payments. Daily automated payments are made from the borrower's bank
Lender account. It has operations in UK, Hong Kong, Singapore and Philippines.
1st Merchant Funding [Miami, 2007]: 1st Merchant Funding provides business
solutions and immediate working capital for small- to mid-sized businesses
nationwide upto a loan size of $500,000. 1st Merchant Funding leverages its expert
'big data' portfolio insights provided via 1MF’s proprietary PowerForce platform – to
drive customer revenue and profitability. 1MF services over 800 industries, and was
recently named by INC500 as the 94th fastest growing company in the United States.
Merchant Cash Advance - Daily Deductions - Direct 1MF has provided over $100 million of immediate working capital to thousands of
Lender small- to mid-sized businesses around the country.


Future Payment [Dallas, 2013]: Future Payment provides payment processing
services for credit cards, pin-based debit cards, gift cards, and checks. It provides a
terminal for credit card, debit card acceptance and offers various forms of services
including face to face transactions (retail), mail / telephone order (MOTO), shopping
carts (e-commerce payment gateway) and cell phone processing (m-commerce). It
also offers gift card programs for consumers and check processing services. In
Merchant Cash Advance - Daily Deductions - Direct addition to payment acceptance, it also offers merchant cash advance services to
Lender merchants.
Knight Capital [Miami, 2013]: Knight Capital Funding offers merchant cash advance.
In order to qualify the business must be operative for atleast 6 months and its
monthly revenue must exceed $10,000. The industries they serve include
Merchant Cash Advance - Daily Deductions - Direct constructon, retail, restaurant, salon, manufacturing, automotive.
Lender
New Era Lending [Wilmington, 2012]: New Era Lending provides short-term 3 to 12
months commercial loans of up to $300K. In order to qualify for loan, the business
must be operative for at least 6 months and have minimum $15K in revenue per
Merchant Cash Advance - Daily Deductions - Direct month.
Lender
Happy Rock [New York City, 2008]: Happy Rock Merchant Solutions California
Licensed Lender. It provides finance to small businesses. The borrowers pay back with
a percentage of their future credit card receipts. To qualify, the borrower needs to
Merchant Cash Advance - Daily Deductions - Direct have been in business a year or more and process a minimum of $5,000 per month in
Lender credit card sales. Cash advances range from $2,500 to $300,000.


Better Capital [Toronto, 2014]: Better Capital provides revenue based financing to
SMBs which do not qualify for conventional financing. It offers financing from
$200,000 to $3M to companies and seeks to take a royalty of 2-8% without any
Merchant Cash Advance - Daily Deductions - Direct personal guarantees from the business owners.
Lender
Merchant Advance Express [Uniondale, 2012]: Merchant Advance Express is a
premier provider of unsecured cash advances for small businesses. It offers credit
lines up to $100,000 for various reasons such as renovations, expansions, pay down
debt, purchase additional inventory or equipment, payroll or just general business
Merchant Cash Advance - Daily Deductions - Direct cash flow. Its services are used by businesses in varied industries such as retail,
Lender healthcare provider, hospitality sector and construction.
Liberis [London, 2013]: Liberis provides alternative financing options to businesses in

UK. Some of its main products are business cash advance, business loans, unsecured
business loans and business credit cards. It offers between £4,000 and £300,000 or
Merchant Cash Advance - Daily Deductions - Direct upto 100% of merchant's average monthly revenue. The repayment is also linked to
Lender the monthly revenue of the business.
onlinecheck [Essex, 2003]: Merchant Advisors provides payments solution including

ACH processing, credit card processing and alternative small business financing via
business cash advance solution. It offers a full suite of financing options including SMB
loans, secured and unsecured loans, working capital loans, merchant check advance
Merchant Cash Advance - Daily Deductions - Direct and account receivable financing. It also offers payment processing services including
Lender card processing, PoS systems and other hardware, and merchant gift-card program.
BusinessLoansDirect [ , 2013]: Business Loans Direct provides alternative financial to
businesses including business cash advance, small business loans, merchant cash
advance, restaurant financing, bar and nightclub financing and medical business
financing. The maximum amount allowed to be borrowed is $250,000 and the
Merchant Cash Advance - Daily Deductions - Direct repayment is either a fixed instalment per month or as a fixed % of daily card sales.
Lender The loans are secured against the business' receivables.


eSmallBusinessLoan [ , 2012]: eSmall Business Loans provides alternative working
capital financing to businesses in the form of Merchant Cash Advance and Commercial
Cash Advance. The advance can be up to 125% of merchant's average monthly
Merchant Cash Advance - Daily Deductions - Direct revenue and the repayment is tied up to merchant's credit card sales/monthly
Lender revenue.
Prompt Lending LLC [Scottsdale, 2013]: Prompt Lending provides financing to small
businesses in the range of US$5,000 to US$500,000. It offers a variety of alternative
financing methods including merchant cash advance, bank only program, poor credit
financing (based on historical sales) and cash flow financing. It serves diverse set of
Merchant Cash Advance - Daily Deductions - Direct businesses including contractor financing, dealership financing, healthcare provider
Lender financing and restaurant financing.
Capital For Merchants [Troy, ]: Capital For Merchants provides merchant cash
advance of up to $500,000 to businesses such as restaurants, bars, beauty salons,
auto shops and retail stores. Repayments can be made either by ACH or as a % of
Merchant Cash Advance - Daily Deductions - Direct credit card sale. It is a subsidiary of North American Bank.
Lender
Merchant Cash and Capital [New York City, 2005]: Merchant Cash and Capital
provides merchant cash advances to businesses in need of working capital finance.
The platform allows businesses to raise up to $500,000. The costs levied on the
advance is determined on a per case basis, with several factors being considered such
as amount borrowed, projected time of repayment, and in some cases even FICO
Merchant Cash Advance - Daily Deductions - Direct scores of the applicants. The platform has received debt financing commitments
Lender worth $75 million from Comvest Group.


Super G Funding [Newport Beach, 2008]: Super G Funding is a national provider of
business financing solutions with loans ranging in size from $100,000 – $5,000,000.
Super G makes loans up to five times the value of an ISO’s revenue stream, with a
maximum value of $2 million. Revenues streams include core processing revenues
and recurring fee revenues from terminal leasing, prepaid cards, and gateway and
check-guarantee services. ISOs can take loans for 12, 24, or 36 months on which they Discovery Capital
are typically charged an interest rate between 17% and 19%. Under the terms of the
loan, the ISO agrees to have its processor sign an approval to temporarily assign
distribution of its residuals to Super G. Upon receiving the residuals, Super G takes its
Merchant Cash Advance - Monthly Deductions - monthly payment, then forwards the remaining balance to the ISO the next business
Direct Lender day.
Everest Business Funding [Miami, 2013]: Everest Business Funding is a direct lender
for merchant cash advance. It offers advance within a range of $5,000 to $500,000.
Some of the top industries it serves include healthcare, restaurant, retail, service,
Merchant Cash Advance - Monthly Deductions - trade, seasonal business,
Direct Lender
Eugene Kim [Austin, 2014]: NextSeed is a Texas Crowdfunding Portal that allows the
community to invest in its local businesses. This allows businesses to raise funds from
the crowd and repay them back with interest from the revenues generated.A business
applying to raise capital on NextSeed will provide relevant business and financial
information to NextSeed. NextSeed will analyze the business's financial condition and
risk factors through its proprietary underwriting process and propose investment
terms to the business. If the business accepts the proposed terms, it will then create
an offering that is listed on NextSeed. Investors will be able to sign up on NextSeed to
view offerings and make investments. NextSeed facilitates monthly payments to
investors. The platform works on a campaign based model and offers an 'all-or-
Merchant Cash Advance - Monthly Deductions - nothing' form of fund-raising. NextSeed charges a one time origination fee of $500
P2B Marketplace and 5-8% fee on all funds raised by a successful campaign.


Startwise [California, 2015]: Startwise helps investors (individual and institutional)
connect with a curated list of socially responsible companies thereby giving them an
option to invest based on their personal values. It enables them to invest in these
companies through a revenue sharing agreement. Investors will receive regular data
about the impact of the company as well as a return. They believe that traditional
methods of funding do not fit all types of companies, debt-funding is rigid and venture
capital focuses on high risk high return markets, hence there are numerous
Merchant Cash Advance - Monthly Deductions - companies with great business models and sustainable revenue streams that have a
P2B Marketplace hard time finding adequate funding.
Peerfunder [Toronto, 2015]: Peerfunder is a crowdfunding and revenue sharing

platform, catering specifically to small and medium-sized businesses in Canada. The
investors get a pre-decided percentage of the monthly revenue of the business. It
Merchant Cash Advance - Monthly Deductions - charges 5% listing fee from the businesses and 1% transaction fee from the investors.
P2B Marketplace
List71 [Singapore, 2014]: List71 is a Singapore and London based firm which engages
in revenue based crowdsourcing. In Revenue based crowdsourcing (RBC),
entrepreneur raise money in exchange for revenue sharing with investors. The
Merchant Cash Advance - Monthly Deductions - investors get a pre-decided percentage from revenue of business every month.
P2B Marketplace
Bolstr [ , 2011]: Bolstr provides income sharing based financing to businesses in need
of capital by inviting accredited investors to invest on the platform. According to the
agreement, once the funding has been disbursed business pays a fixed percentage of
Kapor Capital, DRW,
their monthly revenue to investors at the end of each month till the time all of the
$4.76M montageventures, Merrick Ventures,
loan has been repaid. Once the business submit the required details to the platform,
Wilson Sonsini Goodrich & Rosati
the deal is listed on the marketplace and investors are invited to commit capital on
Merchant Cash Advance - Monthly Deductions - the deals. When the total commitment has been achieved, the deal is taken off the
P2B Marketplace - Only accredited investors marketplace and money is disbursed to the borrowers.


Amicus [London, 2009]: Amicus provides property loans from £50,000 to £5,000,000,
helping landlords and developers build their businesses and realize their ambitions: to
acquire, refurbish, develop and build properties. Has been awarded Bridging Lender
of the Year in Bridging and Commercial Awards 2015
Mortgage Loans
crowdcitee [London, 2015]: Crowdcitee is a real estate crowd investing platform with
main operations in Europe and Asia. Crowdcitee is a collaboration between Grow VC
and Sapphire Capital Partners.
Mortgage Loans
The Loan King [Calgary, 2009]: The Loan King provides loan services to individuals and
businesses of Southern Alberta. It does not deal with credit bureaus or credit
companies and there are no credit checks required for loan approvals. An amount of
$1000 – $25,000 can be borrowed using your Car, Truck, Van, SUV, Semi-Truck,
Gravel-Truck, Service Vehicle, Motorcycle, RV, Motor Home, Heavy Duty Equipment,
and Machinery. The company loans up to 50% of the wholesale value of the vehicle.
Customers have the choice to borrow for a minimum of 3 months to a maximum term
Mortgage Loans of 24 months.
PLUM [San Francisco, 2014]: Plum is a marketplace lender providing non-recourse
commercial real estate financing. The loans can be availed for different property types
including multifamily, office, retail, industrial, manufactured housing and self-storage.
It offers permanent loans with a loan size between $1M and $25M and a tenure of
5,7,10 years and a 30 year amortization. The bridge loan amounts vary between $5M
Mortgage Loans and $100M with a 5 year maturity.


AssetAvenue [Los Angeles, 2013]: AssetAvenue is a marketplace that provides
finance to real estate project owners of up to $20M through loans provided by
institutional investors. It offers acquisition, refinance, and value-add/renovation loans
on all commercial and non-owner occupied residential projects. Investors can invest
Vectr, DCM Ventures, Matrix Partners,
between $5,000 and $25M per loan in loans, or notes, secured by commercial real $15M
NetEase, Launchpad, BAM Ventures
estate and diversify their portfolio across loans. The platform provides acquisition,
refinance, and value-add/renovation loans on all commercial and non-owner
occupied residential projects. The platform charges an origination fee and standard
Mortgage Loans - B2B - Marketplace closing fees to borrowers.
CityFunders [New York City, 2014]: CityFunders is the an online portal for investors to
invest in real estate investments in the New York City area. Minimum required
$1M
investment is $5000. Returns on debt investments are typically paid monthly, and
equity investments are paid quarterly.
Mortgage Loans - B2B - Marketplace
Loquidity [Grand Rapids, 2014]: Loquidity is a real estate crowdfunding platform that
offers debt and equity investments to accredited investors. The platform offers a
campaign modeled form of fund raising, developers list their projects through a
campaign and the list funding amount among other details. Only if a campaign has
been fully funded does the fund transfer take place, until then the funds are held in
Mortgage Loans - B2B - Marketplace escrow.
Crowdahouse [Stevenage, 2012]: Crowdahouse is a B2B lending platform for real
estate loans for businesses secured against the property. Borrowers can borrow
upwards of £20,000 for a loan tenure between 9 months and 5 years. The minimum
amount to lend for an investor is £500 and thereon in blocks of £500. The investor
can choose to sell the whole loan in the secondary marketplace "Crowdabourse".
Interest rates are generally between 5-6% for a simple purchase or refinance and up
to 10% for purchase &; refurbishment or development projects. Crowdahouse was
initially launched in 2012 as an equity funding platform but relaunched in 2015 as a
Mortgage Loans - B2B - Marketplace debt-based funding platform.


MortgageHippo [Chicago, 2013]: Mortgage Hippo is an online mortgage marketplace.

It allows the users to create their application on the website and get pre-approved for
eligible offers. The loan is then disbursed by one of the lenders which work on the
platform.
Mortgage Loans - B2B - Marketplace
Lend2Fund [London, 2014]: Lend2Fund is an online platform that enables global
investors to directly fund small businesses. It screens and curates property-backed
loan applications for commercial real estate assets. Investors then underwrite the
loans and place fractional bid on the platform to form a price for the asset. A
secondary private exchange will be available for passive investors that do not wish to
participate in the primary market underwriting process. The secondary exchange will
provide fixed-interest investment notes priced per risk grade. Real time book building,
weighted average pricing and comparative yield curve data are just some of the
features. It provides standardized, detailed asset and market data through an open
Mortgage Loans - B2B - Marketplace API
HouseFundr [London, 2014]: HouseFundr is a P2P real estate debt platform catering
to financing real estate development projects in central and greater London. It offers
curated real estate development opportunities to retail and institutional investors.
HouseFundr sources suitable development investment opportunities through a
network of real estate developers. Investment opportunities typically span up to
£2.5M, the individual minimum investment required is £50. As of August 2015, the
Mortgage Loans - B2B - Marketplace company is still in development phase.
Thinktank [Sydney, 2006]: Thinktank Commercial Property Finance provides
mortgage commercial property finance between $100,000 and $5 million to owner
occupiers and investors for property purchases, refinancing of existing loan, equity
release for property improvement, investment, working capital and business
expansion. They also offer Line of Credit and Flexi Loan (short term loans from 6
Mortgage Loans - B2B - Marketplace months to 3 yrs).


Raisal.com [Coral Gables, 2014]: Raisal is an online marketplace for commercial
mortgage loans. It provides a host of services to borrower to facilitate the lending
such as Loan Request Card (the request visible to lenders and includes financial and
personal details of the borrower), StreetView Pictures (to include actual street images
of the property), Interactive Valuation Modelling, Cashflow Evaluation and
Affordability Analysis and Interactive Negotiations. As of August 2015, Raisal is under
Mortgage Loans - B2B - Marketplace development.
Visio [Austin, 2011]: Visio is an alternate lending platform that enables real estate
project owners to raise funds. The loan product on offer is a term loan with interest
rates that start as low as 5% and can rise to beyond 18%. The loans are secured $8.5M Octavia Investments
against the property value, and the minimum acceptable FICO score on applications is
Mortgage Loans - Direct Lender 580. The portal charges a closing fee on every loan application processed.
iCap Equity [Issaquah, 2011]: iCap Equity is an investment capital fund located in the
Pacific Northwest with a focus on equity investment and lending for real estate deals.
iCap funds its own loans and also draws upon a wide network of real estate lenders
for potential bridge loan, construction loan, or an architecture and development
$3.1M
loan. It also purchases loans from lenders who want to exit their loans' portfolio. iCap
also provides equity for real estate transactions and underwrite their deals for
borrowers who require cash investments to obtain a loan. Equity investments require
Mortgage Loans - Direct Lender the repayment and profit share usually within a span of 18 months.


MoFin [New York City, 2016]: MoFin helps real estate investors purchase or refinance
non-owner occupied properties with loans that are tailored for their unique
situations. It offers 30-year fixed-rate and adjustable-rate loans, as well as 3-year and
5-year balloon loans for investors with a shorter investment horizon and requires a
minimum 20% down payment for qualified applicants purchasing an Investment
Property. Cash-out refinances require a minimum of 30% borrower equity based on a
current appraisal of the property. Eligible properties for MoFin loans are: Single
Family Residences, Townhomes, Planned Unit Developments, Condominiums, 2-4
Units, 5 - 9 Units. Its target market consists of small, seasoned investors who own 1-
10 rental properties and currently have few or no financing options. Loan amount
varies from $50,000 - $2,000,000 with rates starting at 5.5%. It is not currently a
licensed mortgage lender in any state and intend to begin lending by the summer of
Mortgage Loans - Direct Lender 2016.
LendingOne [Boca Raton, 2014]: LendingOne is a direct private lender focused on

providing capital to professional real estate investors. They offer fix-to-flip bridge
loans, rental financing, and credit facilities for high volume investors. Their rates vary
from 9.9% – 13.9%.
Mortgage Loans - Direct Lender
Newfi [Emeryville, 2014]: Newfi provides an online platform for mortgage lending. It
allows users to create their profile to get a customized rate on the platform. Users can
then upload their documents and track the stage at which their loan process is. Once
the documentation has been closed, consumers receive their funding amount. Newfi
Mortgage Loans - Direct Lender is a part of Nexera Holdings.


LendInvest [London, 2013]: LendInvest is an investment platform for property
mortgage loans. LendInvest provides an online platform which circumvents the banks
- allowing investors to lend directly to borrowers. LendInvest is providing investors
with superior risk adjusted returns. All LendInvest loans are secured by a registered
charge against residential or commercial property in the United Kingdom. This $116.82M Kunlun, Atomico, Macquarie
provides investors with significant additional protection than many other investments,
and provides far more protection than lending to or investing in a start-up business,
or providing finance on an unsecured basis. Incubated at Montello Capital Partners.
Mortgage Loans - P2B Markeplace Raised $14.3M in Debt Round in Nov 2013.
Sensible Lender [Kent, 2015]: Sensible Lender is a P2P lending platform that connects
investors directly to borrowers with loans secured against real estate assets in the
United Kingdom. The loans are available to developers and owners of commercial real
estate. The minimum investment amount per loan on the Sensible Lender platform is
$10.6M
£5000. Loan terms range from 3 months to 1 year and average loans amounts range
from £100,000 to £2,000,000. It makes money by charging borrowers an arrangement
fee (made up of a listing fee and a completion fee) being a percentage of the value of
Mortgage Loans - P2B Markeplace the loan. As of March 2016, it has originated £52.9M in loans.
Groundfloor [Raleigh, 2013]: Groundfloor is an alternate lending platform which
allows retail investors to invest in construction, renovation and acquisition of real
estate projects. The platform allows private listing by real estate developers that look
for funding for up to $250,000, the developers set a target and an interest rate $7.5M Fintech Collective
offered by them on the funding received. The minimum investment amount is $10,
and returns vary on rates that range from 6-26%. The loan tenure if flexible between
Mortgage Loans - P2B Markeplace 6 to 18 months with rates starting at 10%.
Fruitful [Liverpool, 2013]: Fruitful enables savers to lend their money directly to
$6M
business mortgage borrowers. All the money lent is secured by borrower's property.
Mortgage Loans - P2B Markeplace


Crowdestates [London, 2013]: Crowdestates is a peer to peer lending platform aimed
at providing financing for property developers. The platform was launched following a
successful period on the Barclays/Techstars programme.The investor can choose the
right investment and risk profile to satisfy his goals and invest. The platform handles Barclays Accelerator
all legal documentation, communications and payments. Once interest has been paid
on the project or it has been completed and the money will be returned to the
Mortgage Loans - P2B Markeplace investor to realise the profit or to reinvest in a new project.
Peermatch [Frankfurt am Main, 2014]: Peermatch is a P2P lending marketplace app

that directly connects commercial and residential real estate borrowers with private
and institutional investors. It also offers chat based consultation wherein the
documents can also be shared.
Invest and Fund [St Leonards, 2012]: Invest and Fund is a UK-based P2P lending
platform that connects retail investors, HNIs and institutional investors with UK
property developers. The loans are available within a range of £150,000 to £3M for
property development and bridging finance in England and Wales. The minimum
investment amount on the platform is £500. Lenders are charged 0.75% per annum
on outstanding funds lent through our platform. It charges a arrangement fee of 3% -
Mortgage Loans - P2B Markeplace 3.5% of the loan amount from the borrowers.
EstateGuru [Tallinn, 2013]: EstateGuru is a P2P platform designed to facilitate loans
process to real estate developers &; companies. We connect businesses with lenders,
enabling them to raise the necessary capital to finance their projects or to borrow
against existing properties. At the same time, investors can earn 10-12% annual
returns by investing in property-backed loans. Only companies registered in and with
a bank account in Estonia can currently borrow through EstateGuru. Only if the listed
loan is fully funded, the pledge will be created and the loan will be paid out to
borrower. In case the loan do not get funded, the contracts will end instantly and all
Mortgage Loans - P2B Markeplace the invested funds will be released to investors accounts.


weeXimmo [Paris, 2015]: weeXimmo is a real estate crowdfunding platform that

connects regional developers and individual investors. Through the platform investors
invest in bonds and the minimum investment on the platform is €500. The funds
raised are used for construction of new housing in the French regions.
LendZoan [San Francisco, 2013]: LendZoan is a real estate crowdfunding platform

which connects borrowers and investors.

R2crowd [Toronto, 2015]: R2crowd is Canada’s based national online marketplace for
real estate investing and raising capital in a crowdfunding format. The platform offers
solutions across the entire capital stack including equity and debt. A user can create a
free account and review the investment opportunity in real estate commercial
properties as well as residential properties before they invest their money. A user can
Mortgage Loans - P2B Markeplace start investing for as low as $1500.


WiSEED [Toulouse, 2008]: WiSEED is a French equity-based crowdfunding site that
funds innovative startups and cooperatives. It has also launched debt and equity
crowdfunding for real estate projects - residential as well as commercial. The platform
allows users to invest as little as €100 ($130) in return for a company’s shares. Each
month, WiSEED's community votes on 10 innovative startups. Following an audit,
three of these companies are selected, enabling them to raise between €50,000 and
€500,000 against an equity stake of 5-20% of the company. All of the individual
investments are combined into a single holding company, dedicated exclusively to this
investment, in which each investor holds a stake. Thereafter, the platform monitors
the project and maintains communication between investors and entrepreneurs. The
company itself raised €1 million ($1.3 million) from its own community of investors. It
has a community of over 20,000 registered investors. The platform has raised €6.5
million ($5.8 million) in total, and its portfolio contains 34 French startups as of Jan
Mortgage Loans - P2B Markeplace 2014.
Canberra Immo [Paris, 2015]: Canberra Realty is a crowdfunding platform dedicated

to the real estate industry. It offers users to invest: - in projects of real estate
development and rehabilitation of buildings. People can invest as little as 2000 euros
to be part of a great project in Paris area or the French Riviera. It offers both debt and
Mortgage Loans - P2B Markeplace equity.
Se Prêter [ , 2014]: SePrêter is a platform dedicated to finance real estate projects.

Promoters and borrowers (private or professional) can ask them funding from their
community (relatives, friends or acquaintances), but also more widely to the general
public. Lenders or investors may give or lend with or without interest. All Promoters
could solicit donations and interest-free loans. Only professionals can apply for paid
loans. The lender himself chooses the rate at which it wishes to lend, within the limit
set by the borrower.To pool risks and protect the lenders, the French regulations limit
to 1,000 euros per project per year any contribution within the framework of a loan
(with or without interest). Donations do not have any cap. SePrêter.com makes
Mortgage Loans - P2B Markeplace money by taking a 5% commission on the sums collected on the platform.


Lymo [Toulouse, 2013]: Lymo is French real estate crowdfunding platform. It allows
individuals to finance real estate projects selected, constructed and marketed by its
specialists in property development by investing in bonds. The minimum investment
on the platform is € 1,000. It focuses on residential real estate. It does not charge any
fees from the investors. Till December 2015 they have raised €3121000 for 12
Mortgage Loans - P2B Markeplace projects.
fullinvest [Paris, 2015]: Fulllinvest is a crowdfunding platform dedicated to the real

estate sector allows investors, individuals or companies, to participate in the financing
of real estate development projects. For each selected project, Fullinvest organizes a
fundraiser in the form of bond loan to investors, intended to provide additional
Mortgage Loans - P2B Markeplace capital to the proponent.
Lenndy [Vilnius, 2015]: Lenndy is a real estate crowdfunding platform in Lithuania. It

is a solution for real estate developers to raise capital and for investors to invest spare
money starting from €100 and earn solid ROI. The system works like this: users who
want to invest their funds in real estate projects, to lend their money to other users
Mortgage Loans - P2B Markeplace who are looking for financing real estate projects.
Estateguru [Tallinn, 2013]: EstateGuru is an online peer-to-peer (p2p) marketplace

for property Investments and loans with an ambition to become a leading cross-
border marketplace for short-and mid term property loans in Europe. Currently loans
can be applied against real estate in Estonia. EstateGuru lets investors access a variety
of real estate investments with a relatively small amount of capital. The minimum
amount for investment is 50 euros, which enables to create much diversified
portfolio. All loans are secured by real estate asset. Average interest is 11.90% to
Mortgage Loans - P2B Markeplace investors.


Crowdestate [Breda, 2015]: Crowd State is an online platform where real estate
developers can offer their projects and may bring to the attention of investors.
Investors can choose from various projects on the platform and invest. The projects
are placed on the platform after they are closely monitored for quality and feasibility.
Home Rocket [Graz, 2015]: HOME ROCKET is the crowdfunding platform for real
estate projects in Germany and Austria, and offers real estate financing through
Crowd Investing. It claims to be the first crowdfunding platform in Austria, which
specializes in real estate projects and opens real estate market to retail investors.
Real Funds [London, 2014]: Real Funds is a peer-to-peer lending platform for small
and medium-sized house builders. Its allows an investment of as little as £100 in pre-
vetted development projects for returns upto 10-12%.
CrowdProperty [London, 2014]: Crowd Property is a P2P lending platform to facilitate
real estate loans between private individuals and professional property businesses
which are secured by first lien on the property with a tenure of 6-18 months. Once a
borrower updates the details of the project on the portal, Crowd Property appraises
the property and releases the same on the website. Lenders then commit to the
project with preferred amount (minimum GBP 500). Lenders have an option to
diversify their portfolio by committing to multiple loans. The interest and principal
amount are paid out at the end of the project completion and is usually between 5-
11%. However if the funding goal on the project is not reached, the money is returned
Mortgage Loans - P2B Markeplace to the investors.


Proplend [London, 2013]: Proplend is a P2P lending platform which offers individual
lenders the opportunity to lend directly to corporate borrowers where the loan is
backed by security over income producing commercial properties. Once a borrower
uploads loan details on the platform, the loan is divided in different tranches based on
LTV (Loan-to-value) and each tranche has its own fixed interest rate (Tranche A, 0-
50% LTV, Low Risk; Tranche B, 51-65% LTV, Medium Risk; Tranche C, 66-75% LTV,
Higher Risk). Lenders can then invest in the loans in two ways: In Funding investments
(invest in loans which are currently in funding, no interest till loans is completely
funded) and Proplend Loan Exchange (secondary marketplace for trading of loan
notes). Minimum investment amount is GBP 5,000 and investors can diversify their
Mortgage Loans - P2B Markeplace portfolio based on location, rate, amount, tranche, loan and asset class.
LendingHome [San Francisco, 2013]: Lending Home is an online mortgage
marketplace for real estate loan borrowers, investors, and brokers. It offers bridge
loans, rental loans and is planning to offer consumer mortgage loans as well. It allows
First Round, Ribbit Capital, Foundation
both institutional investors and accredited retail investors to invest on its platform.
$109.3M Capital, Cowboy, RenRen Games,
Institutional investors including hedge funds, private equity, mortgage desks, family
Colony Capital INC
offices, university endowments can start investing with a minimum investment
Mortgage Loans - P2B Markeplace - Only accredited amount of US$10,000 and retail investors from US$1,000. Lending Home is a direct
investors lender and sells whole loans to institutional or retail investors.
Realty Mogul [Los Angeles, 2013]: Realty Mogul is an online platform for real estate
based lending and equity crowdfunding. It offers equity capital in real estate projects
between $1M and $5M with a hold period of 2-10 years and a minimum IRR of 15% to
investors. It provides residential loans starting from $100,000 for a loan tenure of 12 Canaan, Microsoft, Microsoft,
$49M
months with an optional 6 months extension. The commercial loans start from $1M VoiVoda, Sorenson Capital
with a loan tenure between 1 and 10 years. The minimum amount required for
Mortgage Loans - P2B Markeplace - Only accredited investors to start lending is $10,000. As of February 2016, $150M+ has been raised for
investors 330+ properties.


RealtyShares [Mountain View, 2013]: RealtyShares.com is an equity as well as debt-
based crowdfunding platform for real estate investments. They offer different types
of real estate investments to choose from- some of which are intended to be long-
Union Square Ventures, 500 Startups,
term holds and others intended as short-term flips. It uses all-or-nothing funding. One $36.21M
Menlo Ventures, General Catalyst
must be an accredited investor in order to use the platform. The minimum investment
Mortgage Loans - P2B Markeplace - Only accredited amount is $5000, but may change depending on the specific investment being
investors offered.
Patch of Land [Los Angeles, 2013]: Patch of Land is a peer to real estate
crowdfinancing platform, offering accredited investors the opportunity to invest in
high yield, asset-backed real estate debt deals with low minimum investments.
Properties are secured by title and developer guarantee with LTV values that protect $24.8M SF Capital
investors from unnecessary risk. Patch of Land acts as a coinvestor, they invest by
Mortgage Loans - P2B Markeplace - Only accredited putting their own money into every deal. In September, 2014 the platform secured a
investors debt funding of $125,000.
EarlyShares [Miami, 2011]: EarlyShares is a real estate crowdfunding platform that

provides real estate owners, operators, and developers with cost-effective solutions
for raising capital online. It offers both equity and debt crowdfunding on the platform. $8.65M
Mortgage Loans - P2B Markeplace - Only accredited Only accredited investors can invest on the platform. All the projects are pre-vetted
investors before they appear on the platform.
Acquire Real Estate [Miami, 2013]: Acquire Real Estate is real estate crowdfunding
platform for debt and equity investments. The platform is open only to accredited
$6M
investors. The minimum investment on the platform is $10,000. Acquire Real Estate
Mortgage Loans - P2B Markeplace - Only accredited invests its own capital in every project along with investors.
investors


Fund That Flip [New York City, 2014]: Fund That Flip provides residential real estate
investment opportunities to accredited investors by partnering with professional real
estate re-developers. Investors can review and diligence each opportunity on
company's website and short-list companies to invest in. Investors need to invest a
minimum of US$5,000 per project and can diversify the portfolio across deals. Each $2.28M fintechv.com
project provides monthly interest payments and is backed by a first lien on the
project. It charges a one-time origination fee on the loans and also generates revenue
Mortgage Loans - P2B Markeplace - Only accredited from the spread in interest rates it charges borrowers and what it passes on to
investors investors.
iFunding [New York City, 2012]: iFunding is a real-estate crowdfunding platform that
connects project developers and accredited investors for equity and debt
investments. The portal lists properties for investors to browse and fund. It offers
commercial real estate opportunities ranging from multifamily, office, industrial,
$2.16M
retail, hospitality and land. Once a funding goal of a project is met, the portal creates
a single purpose vehicle LLC to manage the investment during the term. The minimum
Mortgage Loans - P2B Markeplace - Only accredited investment amount on the platform is $5,000. The portal charges a listing fee and its
investors quote for services varies with every listing.
Money360 [Ladera Ranch, 2010]: Money 360 offers real estate purchase or
refinancing loans to borrowers for commercial or non-owner occupied residential
properties. It offers loans in the range of $1M to over $20M for a tenure ranging
between 6 months to 5 years. The loans are secured by placement of first lien on the
asset and LTV does not exceed 80%. Loans are provided by accredited investors $2M
including banks, insurance companies, pension funds and High-Net Worth individuals.
The investors have options to purchase seasoned whole loans or buy loan
Mortgage Loans - P2B Markeplace - Only accredited participations via loan-specific, bankruptcy-remote LLCs. It has so far raised $113M of
investors funding including $111M of debt funding.


Equityroots [Chicago, 2014]: Equityroots is a equity and debt crowdfunding platform

for investing in hotels. All the hotel property listings on the platform are pre-vetted by $99k
Mortgage Loans - P2B Markeplace - Only accredited the company. Minimum investment on the platform is $15,000 per unit investment.
investors
CapitalStackers [Stockport, 2013]: CapitalStackers is an online P2P lending platform
for real estate investment and development. It provides secured financing to real
estate developers who want to bridge the gap between senior debt and self equity by
sourcing the funds from investors on its platform. It also helps the borrowers source
senior debt from bank if they're unable to do so. For investors it offers lending options
which are either Agreed, in which lenders and borrowers agree on a deal, and Non-
Agreed, where there is a standard auction process for the loans and investors can
commit to loans based on their risk appetite. The loan is split in risk-based parts based
on LTV thus giving investors option to invest in the loan in the band which suits their
Mortgage Loans - P2B Markeplace - Only accredited risk-return preference. Returns usually range from 5% to 20% and the minimum level
investors of investment is £5,000.
Open Source Capital [Fort Lauderdale, 2011]: OpenSourceCap is a real estate

crowdfunding platform operated by Open Capital Source LLC. The platform offers
debt and equity investment opportunities to accredit investors in real estate projects.
Mortgage Loans - P2B Markeplace - Only accredited Upon registering with the portal, investors can view property lisitings on dealscene.
investors The properties are vetted by OpenSource Capital.
Equidy [San Francisco, 2013]: Equidy is a P2P lending platform for residential and
commercial real estate mortgage loans in California. The loans are offered for
construction, renovation and refinance of existing loan. The loan tenure can vary from
Mortgage Loans - P2B Markeplace - Only accredited 6 months to 5 years. It allows only accredited investors to lend on the platform and
investors the minimum investment amount on the platform is $5k.


OneSource by pcs [Calabasas, 2015]: OneSource by PCS is an online real estate
finance marketplace for accredited and institutional investors to invest in mortgage
loans. The returns on the platform vary between 4-9.5%. The funding is allowed for
Mortgage Loans - P2B Markeplace - Only accredited investment and non-owner occupied transactions including construction, residential,
investors commercial properties.
Blackhawk Corp [San Francisco, 2011]: Blackhawk provides real estate backed P2P
lending. It currently boasts of 6% to 11% of annual returns over a fixed time period
ranging from 1 to 3 years. The loans can be borrowed for commercial and non-owner
occupied residential properties and can range between $25,000 and $200M. The
company only permits accredited investor and organizations to invest in the loans and
allows up to 100% funding of the loan with the minimum investment amount as
Mortgage Loans - P2B Markeplace - Only accredited $25,000. It does not charge the investors anything but charges an origination fee of
investors 2.5% from the borrowers.
RealtyXE [Napa, 2015]: RealtyXE is a real estate debt crowdfunding platform which
connects accredited investors directly to a variety of real estate opportunities with
Mortgage Loans - P2B Markeplace - Only accredited state of the art software technology.
investors
Reamerge [Sugar Land, 2014]: Reamerge is a crowdfunding platform for loans

secured by real estate. Only qualified investors can invest on the platform. All the
investment opportunities are pre-screened before they are featured on the platform.
Mortgage Loans - P2B Markeplace - Only accredited The minimum investment on the platform is $3000.
investors


Sharestates [Great Neck, 2012]: ShareStates is a real estate crowdfunding portal that
offers debt and equity investments to accredited investors. The investments can be
classified as Senior Secured Debt, Mezzanine Debt, Preferred Equity, Common Equity.
The platform performs due diligence on the real estate projects and assigns a grade to
each investment that represents its ROI capability. Criteria for assigning grades
include but are not restricted to Lien Position, developer track record, personal
guaranty. In may 2015 the platform secured an expected commitment of $30 million
Mortgage Loans - P2B Markeplace - Only accredited from an affiliate of Ranger Capital Group for investments in project listed on
investors sharestate platform.
Property.com [Miami, 2014]: Property.com is a real estate crowdfunding platform

that offers debt and equity investment opportunities to accredited investors. The
platform lists several types of investments such as senior debt, mezzanine debt,
Mortgage Loans - P2B Markeplace - Only accredited preferred equity, and more. Property.com is a website owned by Property.com
investors Ventures LLC. Property.com Ventures LLC. is an EarlyShares company.
Real Estate-Gold [ , 2015]: Real Estate-Gold is a real estate crowdfunding platform for
accredit investors to invest in pre-vetted properties. The minimum investment
amount is $10,000. Real Estate-Gold has an account with a major financial institution
that the investor will deposit their funds into. Once the goal is met funds will be
applied toward development. If the goal is not met the funds will be returned to the
Mortgage Loans - P2B Markeplace - Only accredited investors (60 days). Upon completion of the project funds will be paid out via a check
investors or wire transfer to the investors There are no fees to the investor for the transaction.
RoundVIP [Geneva, 2014]: RoundVip is an real estate crowdfunding platform which
offers pre-screened real estate investment opportunities to accredited investors and
family offices. RoundVIP features both equity and debt investments, in a variety of
cities and real estate asset classes, including: Residential, Commercial, Office, Retail,
Mixed-Use and Land opportunities. There are no investor fees for joining RoundVIP
Mortgage Loans - P2B Markeplace - Only accredited and accessing the investment opportunities. Fees are paid by the developer or
investors property owner only upon successful fundraising campaign.


CoPower [Montreal, 2013]: CoPower is the online platform that lets anyone invest in
pre-vetted local clean energy projects, for their portfolio. In stealth mode as in August $850k RBC Capital Markets
2015.
Project Loans
AWCC Capital [Essex, 2009]: AWCC invests in renewable energy projects in America
with a focus on wind and solar projects. The company offers low cost capital for solar
projects and wind projects and has done acquisition, power plant development,
finance and construction of renewable projects of over 1000 MW capacity.
Project Loans
Brydg [London, 2014]: Brydg provides short term, property-backed bridge financing.
It offers loans between GBP 100,000 and GBP 3M for a loan tenure between 1-12
months.
Project Loans
Neighborly [Kansas City, 2011]: Neighborly is a community investing platform that
helps communities create assets without relying on tax revenues. It is partnering with
the cities, communities, and organizations to create rewarding opportunities for Structure, 500 Startups, Maven
$6M
citizens and with companies and institutions to earn perks. It allows to everyone to Ventures, Formation, Bee Partners
invest in municipal bonds to support city projects. The investor gets the capital back
Project Loans - P2B Marketplace plus interest.
Abundance [London, 2009]: Abundance is an alternative lending platform that offers

retail investors to invest in debentures of a clean energy project that is in need of
funding. The objective of the portal is to facilitate funding for clean energy projects $4.5M
while offering an investment opportunity that is relatively more lucrative than that
Project Loans - P2B Marketplace offered by traditional lending platforms.


Lumo [La Rochelle, 2012]: Lumo is a crowd lending platform for energy projects in
France. The investors lend on the platform for 8 to 5 years and get yearly repayments
along with interest. The platform charges 5% of the amount raised.
Project Loans - P2B Marketplace
Lendosphere [Paris, 2014]: Lendosphere is a France-based crowd lending platform for

energy projects. The project remain live for raising funds on the platform for 31 days.
The minimum investment is €50 per project. The platform charges a commission of
4% on the amount raised.
Enerfip [Montpellier, 2014]: Enerfip is a P2P lending platform for renewable energy
projects including solar, wind, hydro, biomass and marine energy. The project pays
interest to the investors through production of energy. The returns received by the
investors can either be reinvested in other energy projects or withdrawn.
Bettervest [Frankfurt, 2012]: Bettervest is a crowdlending platform for energy
efficiency projects of established enterprises, NGOs and local authorities. Every single
crowd investor is party to the loan contract with the project owner. The investor
receives an annual payment, consisting of interest and repayment. The platform
charges a commission based on the initial investment sum and an annual handling fee
Project Loans - P2B Marketplace from the project owner.
TRINE [Gothenburg, 2015]: TRINE uses a crowdinvesting platform, which invests in

solar energy projects to provide remote communities with electricity. People can
invest in solar project, the electricity generated by the solar installation is sold to the
local population and the investors get the return on investment.


INIDEV [Voisins-le-Bretonneux, 2014]: Inidev is a crowdfunding platform that helps to

finance projects through equity, the gift or loan crowdfunding. It helps to finance 3
sectors; real estate, renewable energy and innovative projects. All the projects are
pre-screened before they appear on the platform.
Trillion Fund [London, 2010]: Trillion Fund is an open renewable energy investment
platform for investing directly in large-scale clean energy projects. Trillion Fund is an
appointed representative of Abundance NRG Ltd, which structures the debentures
for the Energy Projects. Till date, it has raised crowdfunding for direct investments,
Project Loans - P2B Marketplace funds and local community projects.
SunFunder [San Francisco, 2012]: SunFunder is solar finance business based in San
Francisco and Tanzania that connects investors to high-impact solar projects that
improve the lives of low-income communities in Africa, Asia and Latin America. Raises
and aggregates capital to finance solar projects from both non-accredited investors on
their web platform sunfunders.com and directly from accredited and institutional Khosla Impact, Treehouse
investors through our Solar Empowerment Fund (SEF) note issuances. Their focus is $6.3M Investments, Schneider Electric,
on providing short-term, working capital and project finance loans for solar lighting, OPIC.gov, Radicle Capital
phone charging, micro-grids and commercial solar projects. Was incubated in Better
Ventures. Since 2012, SunFunder has launched 9 solar customer relationships,
Project Loans - P2B Marketplace - Only accredited facilitated over $414,000 of loans with a 100% repayment rate and impacted 105,000
investors people with affordable solar energy.
Open Energy [New York City, 2013]: Open Energy is an alternate lending marketplace
that provides loans to solar projects that need funding. The platform offers loans
starting from $500,000 to $10,000,000, with a term no longer than 10 years. Open
Energy charges borrowers a fee of 1.95% and an interest rate that is usually 6.5%. The
Project Loans - P2B Marketplace - Only accredited loans are funded by institutional and accredited investors that have partnered with
investors Open Energy.


Ablrate [Singapore, 2014]: Ablrate is a peer lending platform for the leasing industry
and bring lenders together with borrowers in aircraft transactions. The platform
claims to complete $3.5M of deals and has a secondary market where lenders can buy
and sell loans.
Asset Backed Loans
Lend.Me [ , ]: Lend.Me is an online lending platform that facilitates loans with digital
assets, such as domain names and websites, as collateral. It offers loan tenures of 6
months to 3 years with a minimum loan amount of $3,000. Lender pays to the escrow
company the loan amount, and borrower deposits the collateral (digital assets) under
escrow ownership. Escrow pays the borrower the loan amount minus escrow fees.
After the first 3 months the borrower starts paying the quarterly interest and the
escrow will forward it to the lender minus escrow fees. At loan term the borrower will
pay the remaining loan balance to escrow minus escrow fee and the escrow will pay
Asset Backed Loans the lender and will send back the digital collateral to the borrower.
Loanzy [New York City, 2014]: Loanzy provides short term asset backed lending for
personal and business needs of up to $5M. The borrower emails the loan details and
specification of the asset against which the loans is to be borrowed. The asset can be
either personally dropped off at the Loanzy office or shipped by a pre-paid Fed-Ex
shipping and is 100% insured. The Loan-to-Value ranges between 40% to 70% and
interest rate is between 1.99% to 3.99% per month. It accepts luxury watch, jewellery,
car, fine art, fine wine, precious stones, boats and motor yachts and antiques as
Asset Backed Loans - B2B security for the loans.
Assetline [Bondi, 2012]: Assetline Capital is a specialist short term secured asset
lender. The platform can fund up to $5,000,000 for business loans and $5,000 -
$1,000,000 for personal loans.The loans are from 1 month to 12 months. The assets
used to secure business loans include plant and equipment, boats and cars, valuable
personal assets, trade receivables, while personal loans are secured against gold and
precious metals, jewellery and diamonds, luxury watches, fine art &; antiques, luxury
Asset Backed Loans - B2B cars, luxury boats, fine wine collections.


Xiaogouqianqian [Shanghai, 2014]: Xiaogouqianqian operates an online platform that

connects SMBs which need financing with lenders. Offers various products, such as:
loans against invoice, loans against bank acceptances, etc. Raised RMB 80M in funding
in Feb 2016.
Asset Backed Loans - B2B - Marketplace
LiquiditySA [Johannesburg, 2014]: Liquidity is an alternative lender providing asset
backed loans. It offers loans against personal and commercial assets such as cars,
watches, property, aircraft, yachts, industrial equipments, jewellery and precious
stones, gold, fine art and commercial vehicles. Various loans offered by Liquidy are: 1.
Personal loans: Loans starting from R5,000 and secured against personal assets.; 2.
Commercial loans: Loans starting from R10,000 secured against commercial assets.;3.
Bridge financing: Advances against approved bonds, sellers equity finance and estate
agents commission.; 4. Bond origination: Offers bond origination that can be used
Asset Backed Loans - Direct Lender standalone product or with their bridge financing.
UltraPawn [Littleton, 2012]: UltraPawn is an online pawn shop providing secured
loans for business and personal requirements. It accepts jewellery, gemstones,
electronics, collectibles and industrial equipments in lieu of the loan amount. Loan
disbursed is usually a percentage of the value of the asset secured up to a total $1M
with a repayment period ranging between 30 and 180 days. It provides collateralized
business loans, business cash advance, accounts receivables financing and equipment
Asset Backed Loans - Direct Lender financing.
Lingxianlicai [Shenzhen, 2014]: Lingxianlicai is an online based P2P lending company

which focuses on providing P2P based mortgage lending with primary focus on
Xianfeng Huaxing
agriculture and rural enterprises. They have rigorous credit assessment policy, risk
protection, and have partnered with Finance Office of Agricultural Requirements.
Asset Backed Loans - P2B Marketplace


Pingan Licaiwang [Beijing, 2014]: Ping Financial Network is a leading automobile
industry financing company which aims at financing via P2P. It was established in
September 19, 2014 and claims to have helped 100 auto dealers to complete Zhongxing Guotou, China Investment
financing loan of 200 million yuan, to help customers get ten thousand financial
Asset Backed Loans - P2B Marketplace income of RMB 200 million. Also claims to have raised Series A funding in April 2015.
Ablrate [England, 2014]: Ablrate is a peer to peer lending platform providing asset
backed business loans.The platform was initially launched for aircraft leasing space. It
also has a secondary marketplace where lenders can sell and buy loans.
Asset Backed Loans - P2B Marketplace
Saving Stream [Portsmouth, 2012]: Saving Stream is a P2P lending platform for
secured property loans. The platform offers interest rate of 12% per year, with loans
typically repaid after 6 months. The minmum investment on the platfrom is £100. All
proposals are fully assessed before being made available for investment. Lending is
secured with a legal charge, and loan amounts do not exceed 70% of the open market
Asset Backed Loans - P2B Marketplace value.
BoeFly [New York City, 2009]: BoeFly is a business financing marketplace that helps
business owners seeking small business loans, commercial financing and franchise
financing secure the capital they need.
Franchise Loans - B2B - Marketplace
ApplePie Capital [San Francisco, 2014]: ApplePie is a alternate lending marketplace
for the credit needs of franchise businesses. The portal brings together accredited
investors who are looking to invest and franchise businesses in need of credit. The
QED Investors, Signia Venture
platform offers loans that start at an interest rate of 7% and for a term that is typically $10M
Partners, Freestyle
between 3-7 years. Apple Pie determines the interest rates after a rigorous and
Franchise Loans - P2B Marketplace - Only proprietary underwriting process.The platform charges an origination fee to
accredited investors borrowers, and a service fee to lenders for every periodic repayment.

Lendinghive [Chester, 2016]: Lendinghive is an online asset financing platform for
SMEs. It is part of Cheshire-headquartered UK funder LDF Group. It offers SMEs
financing of upto 100K. It claims that SMEs can enter information on the site and
receive a response and quote in real time. It also claims to offer its services 24x7 and
Purchase Financing disburse the amount in 30 minutes.
Cathedral Leasing [Oak Ridge, 2014]: Cathedral Leasing is an online marketplace

platform for the equipment leasing industry that quickly and efficiently scores and
matches applicants to our lease finance partners’ underwriting criteria. The cloud-
based Cathedral platform provides small to medium-sized enterprises (SMEs) with
multiple lease offers from multiple providers with one application. Our algorithms
score and qualify applicants, according to our lease finance partners’ underwriting
criteria. Companies are able to obtain multiple lease offers, enabling them to
compare the best terms and rates. Lease partners extend their marketing reach to a
larger pool of qualified applicants. It is a multi-sided platform that also provides a
marketplace for financial institutions to purchase and sell loans on the secondary
Purchase Financing - B2B - Marketplace market.
IMCA Capital [Los Angeles, 2012]: MCA Capital is a business financing company
specializing in commercial finance, equipment leasing and business loans. It has IMCA
Express product where it offers equipment financing to equipment buyers through
vendors. They also run a premier platinum card program on invitation only basis
where they provide card based loans to businesses on basis of time in business, social
Purchase Financing - Direct Lender media reviews, estimated revenue, industry, location, and unique business model.
LENDonate [San Francisco, 2015]: LENDonate is a P2P lending marketplace where

non-profit borrowers can showcase their programs on LENDonate and receive needed
capital. At any point, the lender can choose to convert a portion of the loan, principal,
or interest into a tax-deductible donation.
Loans for Non-Profits - P2B Marketplace


Semble [Bellevue, 2011]: Semble is an online lending platform that facilitates low cost
financing for nonprofit organizations. This is done by using Semble’s (“Social
Investment”) model that allows socially responsible investors to invest in the loan
needs of nonprofits that they support. As enough funds to address the need are
invested by supporters, the nonprofit receives these funds as a loan. Loan payments
Loans for Non-Profits - P2B Marketplace are then directed back to those that invested.
COLLECTICITY [Paris, 2015]: COLLECTICITY is a crowdlending platform dedicated to
local government (City Councils, Communities of Municipalities, Provinces, Regions
etc.) and structures deploying public projects. People can fund local projects by
lending money to the Communities or their structures, in return for interest. The
platform also hosr donation-based projects wherein the backers don't get anything in
Public Sector return for their monetary contribution.

Alternate Financing (1/21)

LSQ [Maitland, 1996]: LSQ Funding provides accounts receivable financing, including
factoring and asset-based lending, to help growing companies get the working capital $140M Ares Capital Corp, Lovell Minnick
they need.
Silverfox [Hangzhou, 2014]: Silverfox is an online supply chain financing platform for
SMEs. It connects both the investors and borrowers on the platform. It provides risk
control management system to help investors maximize return and at the same time $4.6M
aims to help businesses solve the financing problem. It has raised $4.6M in Series A
round of funding.
Quanmin Caifu [Shanghai, ]: Quanmin Caifu is a online supply chain financing

company that offers an investment platforms. The platform offers debt investment
opportunity to users for funding enterprises that are in need of supply chain $3.2M Delta Capital Management
financing. The financing of assets used in supply chains serve as collateral to protect
the investment of the users.
Money56 [Guangzhou, 2014]: Money56 is a supply chain finance platform. It claims

to handle and strengthen risk control measure by analyzing operational data,
China Renaissance K2 Ventures, Will
payment and settlement data, logistics data and others. The data processing provides $1.5M
Hunting Capital, 9C Capital
convenience of financial services to the users. Claims to have raised Seed round of
funding.
City Invoice Finance [Salford, 1998]: City Invoice Finance Ltd., a business services
company, provides invoicing and factoring services. It also provides invoice
discounting, and bad-debt protection services. The company was founded in 1998 and £1.76M Smedvig Capital
is based in Manchester, United Kingdom. As of August 29, 2006, City Invoice Finance
Ltd. operates as a subsidiary of ABN AMRO Commercial Finance PLC.


AREX [Dublin, 2014]: AREX is an innovative invoice financing platform where small
and medium sized business can sell their unpaid invoices and finance their cash flow.
It provides a stock exchange-like venue for trade receivable financing. Small and mid-
sized companies post their B2B invoices to the platform, which are used as colletaral
to create an AREX contract. The contract is published to the exchange where investors
compete to participate in the contracts that fit their investment strategy. It allows
investors to build complex trading strategies while keeping it super simple for the
businesses to issue new contracts to the market. It charges only 0.25% per invoice
financed.
Rioux Capital [Austin, 2012]: Rioux Capital provides provide working capital financing
to small and mid-market businesses with capital needs not met by traditional bank
financing. It serves companies selling on credit terms in a variety of industries with
annual sales ranging from $1,000,000 to $100,000,000.It typically advances 70 – 85%
of your company’s current accounts receivable. So, if your current accounts receivable
is $200,000 we could advance $140,000 to $170,000. Initial funding occurs within 1 –
3 days after documents are finalized. It also helps to analyze and administer client
credit accounts to minimize bad debt and ensure prompt payment.
Youscm [Shenzhen, 2014]: Youscm is an O2O based which is a SME-oriented supply

chain financing platform. It is based on the process of buyers and sellers trading,
thereby there is an establishment of a credit transaction data for SMEs, to deal with
the SME credit financing.
Finanzarel [Madrid, 2013]: Finanzarel is an online trading platform for promissory

notes and invoices that enables companies obtain financing for their working capital
needs, from an alternative source vs the banks. In Finanzarel, companies auction
their trade credits and a network of investors bid for them, closing at the agreed
discount price. Finanzarel is targeted to qualified investors looking for secure, high
yield and short term assets.


TouchFinancial [London, 2008]: Touch Financial are UK’s largest business finance
intermediary and match business owners to their funding method for their
requirements and situation. Has a panel of over 30 lenders to cater to services. Its
invoice financing products consists of invoice discounting and factoring. It also offers
business insurance, credit protection, export/import finance, trade finance and asset
finance. It serves a variety of industries such as recruitment, manufacturing,
wholesalers, construction, transport, logistics, publishing and business services.
Piaojuke [Shanghai, 2012]: Piaojuke is an online platform that helps SMBs to raise
funds in lieu of their invoices / bills. Claims to have 1,000+ enterprises on the platform
$3.04M Zero2IPO
that have raised money through their bills. Gives investors an opportunity to diversify
their investments. Raised Series B funding from Spring Capital
Discounting
GapCap [ , 2014]: GapCap offers selective invoice finance and supply chain finance.
Once the client is on-boarded, he can choose to upload invoices via their Client Portal
or just email them to their client manager. GapCap’s Supply Chain Finance Solution $1.53M
allows the client to help his suppliers to finance their approved invoices to him up
Discounting front whilst allowing the client to increase his payment terms.
DEBIFO [Vilnius, 2015]: DEBIFO is a Lithuania-based platform offering invoice

discounting solution to small and medium business. It offers finance for upto 90% of
the invoice value. The business must be operative for atleast more than 6 months and
have an yearly sales revenue of 30k euros.
Discounting
Payplant [Palo Alto, 2013]: Payplant is a invoice discounting platform. The business
can choose the invoices it wants to get financed. The platform pays the invoice value
to the business retaining a certain percentage which is paid when the customer makes
payment.
Discounting

Skippr [Sydney, 2016]: Skippr is a cash flow management tool with invoice
discounting services for small businesses. SMEs upload their pending invoices either
manually or by connecting their accounting software with Skippr. SMBs choose the
invoices to be funded and sell the invoices to Skippr. Skippr charges the following fees
from the users: 1) Exchange Fee - It is a flat fee charged against the value of selected
invoices. 2) Discount Fee - It is a variable fee charged against advanced funds. On
average the fee is 1% per 30 days. Accrues daily up until date of payment. Fee is taken
out of invoice residual. 3) Transaction Fee - flat fee of $50 charged upon funds being
Discounting advanced to ensure user receives funding within 24 hours.
Tungsten Network [London, 2000]: Tungsten Network Limited provides e-invoicing

network for companies worldwide. The company includes invoice and workflow
automation featuring standards-based validated integration for Oracle E-Business
Suite and JD Edwards, and SAP certified integration. It also offers 'Tungsten Early
Discounting Payment' whereby companies can get their pre-approved receivables discounted.
Finnovo [Hyderabad, 2015]: Finnovo is a technology platform that aims to connect

small businesses to Financial Institutions (FIs)/individual investors. Businesses can
raise money by pledging their invoices/receivables. As of November 2015, the
company is in stealth mode.
Discounting
WorkCapital [Sao Paulo, 2015]: WorkCapital provides immediate working capital

relief for underserved and overcharged small and medium businesses across the
globe. Through real-time mobile reverse factoring, a patent pending and
groundbreaking invoice payment system, the company discounts invoices generated
Discounting by suppliers.


Virtaus Finance [Reading, 2015]: Virtaus is a provider of smart financing, providing
businesses of all sizes with online and immediate access to short-term working
capital. Offer customers the ability to raise finance against their receivables allowing
fast access to cash, without having to enter into lengthy contracts. The solution will be
Discounting available initially in the UK in early 2016.
FastPay [Beverly Hills, 2009]: FastPay provides liquidity and financial workflow
solutions to the media industry. It offers a diverse set of products to entertainment
industry such as FastPay for sellers (payment advances on receivables from the
strongest advertisers, agencies, and ad tech businesses), ClearingHouse and FastPay
$15M SF Capital, Wells Fargo, Oak HC/FT
for buyers (integrates directly with Buyers to offer accelerated payments to their
vendor base). Since inception, FastPay has originated over $550M in loans to over
30,000+ businesses including publishers, networks, exchanges, DSPs, SSPs, agencies
Discounting - B2B - Marketplace and app developers.
Obillex [Birmingham, 2011]: Obillex is a B2C Marketplace for supply chain finance
which connects non-bank investors and SMEs. The suppliers are financed based on
the credit rating of their customers. Suppliers get their invoices discounted with
Oblliex. Funding for early-payment comes from a 3rd party Investor. Instructions for $4.7M MMC Ventures, Dawn
all payments are sent to a government-regulated Independent Paying Agent (IPA),
who handles all payments. Buyer pays the Investor, via the IPA, on the date that the
Discounting - B2B - Marketplace invoice was originally due.
FundThrough [Toronto, 2014]: FundThrough is a marketplace lender for small
business loans. They work with businesses that sell to established, credit worthy
companies. They give small business owners better access to working capital by
$2.2M Real Ventures, Origin Merchant
allowing them to leverage the credit strength of their customers. The businesses
upload the invoices that they want funded and once approved they receive access to
Discounting - B2B - Marketplace 80-90% of the invoice as a line of credit.


SGRecX [Singapore, 2014]: The Singapore Receivables Exchange (SGRecX) offers a
platform for the sale and purchase of accounts receivables for SMEs. The platform
connects qualified institutional investors with public or privately-rated corporations.
$100K
Corporations benefit in the form of more flexible liquidity management options,
mitigated credit risk and enhanced balance sheet management. Investors benefit with
Discounting - B2B - Marketplace higher risk-adjusted short-term yields over traditional money market investments.
Yinchengku [Beijing, 2013]: Yinchengku is an online platform for invoice and bill
financing. It aims to provide enterprises with discounting based financial services to
IDG, China Growth Capital
raise working capital. It also provides bill payment services and helps enterprises
increase their capital efficiency.
Discounting - B2B - Marketplace
Pro Quidity [Amsterdam, 2014]: Pro Quidity aims to give small and medium-sized
enterprises (SMEs) control over liquidity. Based on the strategic cooperation between
large corporates and Pro Quidity, SMEs can convert their invoices into cash at any
point they choose, at a marginal rate. Direct payment is guaranteed by the Pro
Discounting - B2B - Marketplace Quidity Fund in which a range of banks participate.
Invoice Interchange [Singapore, 2015]: Invoice Interchange is a B2C marketplace for

invoice discounitng. It offes both selective invoice discounting (only sell when
business needs to) or the whole turn over invoice discounting. The fees for the SMEs
include discount fee: 0.8% – 1.5% (per 30 day) of invoice amount and transaction fee:
Discounting - B2B - Marketplace 1.5%-2.5% of invoice amount.
Get Fiscal [Bangalore, 2015]: Get Fiscal is an online platform for businesses to receive
an advance on their invoices. It aims to eliminate the time gap between when the
invoice is generated and when the clients gets paid. It is allows users to add and
upload their invoices and thereby complete their application. After which the clients
Discounting - B2B - Marketplace can choose which invoices they want to get funded.


Fundbox [San Francisco, 2012]: Fundbox provides short-term loans so businesses can
keep up with expenses while they're waiting the 30, 60, or 90 days it typically takes
for invoices to be paid. Advances are repaid with a clearing fee over 12 weekly
SV Angel, Nyca, Bezos Expeditions,
installments. They charge a fixed fee for every invoice they clear, and customers who
Khosla Ventures, Entree Capital,
repay early are rewarded. They analyse the credibility of the business as well as the
$107.5M Blumberg Capital, Spark Capital,
customer to calculate the fee. The solution, though similar to invoice discounting and
sound ventures, General Catalyst,
factoring, doesn't involve buying of invoices or using them as collateral. Fundbox also
LionBird
plugs into the existing accounting software a small business is using and analyzes a
variety of data points to build a risk profile for each invoice. Shlomo Kramer
Discounting - Direct Lender participated in the Series B round.
ApexPeak [Singapore, 2013]: ApexPeak is an invoice discounting firm providing
capital to small and medium size enterprises. It offers two products: Invoice Pay and
Purchase Pay. It provides Invoice Pay to customers who need immediate access to
cash in lieu of accounts receivables. Apex Peak extends cash of up to 80% of the
receivables' value and charges a fee of 3% of the credit line. It provides Purchase Pay
to borrowers who want credit to pay for certain purchases and can payback over a
$1.84M
time period of 3-4 months in addition to the fee for the credit. It seeks to invest in
trade receivables/payables with targeted annualised returns of 8-15% (net) across
multiple trade finance platforms (including its own), geographies and credit risk
bands. 100% of all receivables/payables purchased are insured. It raises credit line
and investment from accredited investors for the investments. In July 2015 Apex Peak
Discounting - Direct Lender acquired ASYX, a Netherlands-based financial supply chain company.
Financing Solution [Ridgewood, 2000]: Financing Solutions provides short term
emergency business funding to SMBs using their receivables as collateral. Payments
from receivables are controlled by the client himself. It accommodates companies
who need funding of $5,000-$150,000 in 48 hours or less. It does not require personal
guarantees (other than those for needed for fraud prevention) that would affect
client's credit score, nor does its funding effect any other financing that he may
Discounting - Direct Lender already have in place from a factor or bank.


Piaojiaowang [Shanghai, 2015]: Piaojiaowang claims to be a one-stop trading

platform for discounting of invoices. Its major areas of operations are in large
$1.5M
payments, export bills, bank inquiry, reporting the loss of control, bill transactions,
financial instruments etc. It has raised seed round of funding.
Discounting - P2B Marketplace
Acudeen [Makati, 2016]: Acudeen is a P2P marketplace for invoice discounting. It
accepts invoice values of 50,000 PHP to as high as 5,000,000 PHP. It has partnered
with Dun and Bradstreet Philippines to use their data as part of its vetting framework.
The assessment is put together to come up with the Acudeen Payment Score (APS), its
proprietary scoring model that combines the risk of delay and default of a transaction
based on data from the SME and its payor. Based on this, borrowers are charged a
discount rate between 8-14% of the invoice face value. Repayment happens 3 days
after full invoice amount has been received by borrower. He submits it to the
Discounting - P2B Marketplace dedicated e-wallet provided by Acudeen.
InvoiceX [ , 2014]: InvoiceX is a P2P invoice financing platform for SMEs. They have
created a list of approved debtors. Any SME who wants to finance an invoice received
from any of their approved debtors, can get a cash advance upto 85% of the approved
invoice value by the next business day. They charge processing fee, fixed percentage
of the invoice value, for facilitating the transaction. Discount fee, accrued on a daily
basis, is charged by the investor for providing cash. They have a co-invest policy
Discounting - P2B Marketplace where founders' investment vehicles finance 20% of every client's transactions.
Funding Invoice [Guildford, 2015]: Funding Invoice is a UK-based online invoice

financing platform. It offers an alternative financing option to SMEs. The invoices are
funded by professional investors. The amount of advance becomes available to SME
within one working day.
Discounting - P2B Marketplace


Advanon [Zurich, 2015]: Advanon is an online platform where SMBs looking for short-
term financing can sell their invoices to financial investors. The company allows both
institutional and private investors to invest on the platform and has risk based classes
with corresponding discount rates. The invoices have a repayment term of 30-180
Discounting - P2B Marketplace days and are sold with recourse.
P2Binvestor [Denver, 2012]: P2Binvestor is a crowdlending platform that provides

crowdfunded, receivables-secured working capital loans to growing small and
medium-size businesses. It has created a platform that allows investors to buy into a
portfolio of business receivables and earn returns. It gives investors the ability to
$6.32M Rockies Venture Club
examine underwriting information about clients and choose which receivables
portfolio to buy into. Investors own a percentage of every invoice in a portfolio and
Discounting - P2B Marketplace - Only accredited earn their returns in cash every month. Investors can liquidate part or all of their
investors portfolios without fees with 60 days notice.
NoviCap [Barcelona, 2014]: NoviCap is an online platform which allows Small and
Medium Enterprises (SMEs) to turn outstanding invoices into working capital through
an online auction. It is an alumni company of the Barclays Techstars Accelerator. After Cabiedes & Partners, Techstars,
the NoviCap team has verified the invoice, it is offered for sale to a pool of $1.7M Partech Ventures, Barclays
professional investors. Client pays the invoice directly to NoviCap. The investors on Accelerator
Discounting - P2B Marketplace - Only accredited the platform include HNIs, family offices, corporates, asset managers and hedge
investors funds. Novicap charges 20% of the return the investors earn.
Timelio [Melbourne, 2014]: Timelio is an online platform that provides invoice based
financing to businesses in Australia. It finances invoices starting from A$10,000 for a
$500k
time period of 30-120 days. Only accredited and institutional investors are allowed to
Discounting - P2B Marketplace - Only accredited invest on the platform with a minimum investment amount of $25,000.
investors


MarketBills [Delhi, 2016]: Marketbills allows institutional investors and HNIs to offer
invoice financing solutions to SMEs. Investors can see all the borrowers, ask questions
and transfer money to the borrower's account through the company's escrow
Discounting - P2B Marketplace - Only accredited account. All the borrowers are screened and verified. Charges one time transaction
investors fee from borrowers.
BlueVine [Palo Alto, 2013]: BlueVine is an online provider of factoring to small

businesses. It provides up to 85% of the invoice value, between $5,000 and $100,000.
Kima Ventures, Silicon Valley Bank,
Once the user uploads the invoices on the platform, BlueVine transfers the money
83North, Citi Ventures, Kreos Capital,
after checks on the invoices and on due date the invoices are transferred to the
$64M Menlo Ventures, Rakuten, Lightspeed
company's BlueVine account rather than its own account. It also provides due date
Venture Partners, Correlation
based rebates to the merchants. BlueVine charges a 1% origination per week for a
Ventures
maximum of 3 weeks and also provides custom rates for businesses invocing over
Factoring $30,000 per month.
Dianwd [Shenzhen, 2015]: Dianwd an online based supply chain P2P financing
platform. It is focused on enterprise supply chain operations. It follows various
processes in listing of a loan requirement, which include factoring a risk control $6.1M Shenzhen guotou capital
mechanism, project applications review, on-line review before signing the agreement,
Factoring post-loan management etc. It has raised Series A round of funding in December 2015.
Suishirong [Beijing, 2014]: Suishirong is a Chinese Internet supply chain finance

company. The company offers debt investment opportunity to users on its platform.
It focuses on short-term financing of listed companies in supply chain, mainly through $3.2M
financial leasing and factoring. The platform claims to have financed enterprises with
Factoring over 10 million Yuan.


LiquidX [New York City, 2016]: LiquidX is a online marketplace for trade finance
assets including receivables, payables and letters of credit. Its participants include Broadridge
large corporations, banks, asset managers, and hedge funds.
Factoring
Harper Partners [Los Angeles, 2015]: Harper Partners is a platform that provides
invoice factoring to digital startups, digital media, advertising and technology
companies. After approval the businesses get a credit line ranging from $50,000 to
$5,000,000. Their fees range from 1-3% per month with advance rates ranging from
Factoring 70-85%.
InvoicePool [Vilnius, 2015]: InvoicePool is a invoice factoring platform in Lithuania

which connects . The companies must be operative for more than 6 months and with
an annual turnover of more than 30k euros in order to be eligible for selling their
invoices on the platform. The company claims to disburse funds within 24 hours of
Factoring the submission of invoice.
Wangcaigu [Nanjing, ]: Wangcaigu is a financial platform that offers its portal for
factoring services. The platform claims to operate on an F2B platform where on one
end are institutional investors looking for investment opportunities while on the other
end lie SMEs in need of financing for their working capital needs.
Factoring
Mayi [Beijing, 2015]: Mayi is an online platform for supply chain financing for various
enterprises. It claims to provide 100% guarantee of principal and interest in full, based
on the transfer of receivables and repurchase agreements and claims to bear the
responsibility for repayment.
Factoring


Iqunxing [Shanghai, 2013]: Iqunxing is a financial services platform offering factoring
services for various companies in different sectors. supply chain. It claims to help
enterprises in providing working capital costs marketing costs, operational financing
etc. It claims to have raised Series A and Series B round of funding from Northern
Factoring Light Venture Capital.
Lendo [ , 2015]: Lendo is a Russia based company which offers invoice factoring
services to online stores. It offers three types of financing options - 20 days, 40 days
and 60 days.
Factoring
Egypt Factors [ , 2005]: Egypt Factors offers factoring services to support and
promote Egyptian cross-border trade, i.e. exports and imports as well as domestic
trade. The service - packages are designed to cater for the needs of suppliers both for
domestic as well as deliveries abroad. It's a joint venture between: 1) Commercial
Factoring International Bank (CIB) 2) FIMBank, Malta 3) International Finance Corporation (IFC)
Biashara Factors [Nairobi, 2009]: Biashara Factors Ltd is a supply chain financing
company in Nairobi Kenya providing factoring financial services to Small and Medium
Enterprises who supply goods and services on credit terms to well established
companies. They are currently factoring invoices for suppliers of all leading
Supermarkets, NGOs, Private institutions &; Schools, Sports Clubs, Private Companies,
Factoring Hotels, Hospitals, Government Parastatals and Ministries.
Quickpay Funding [San Diego, 2015]: Quickpay Funding is a Factoring company that
helps businesses with faster payment for open Accounts Receivable and unpaid
invoices. Their funding programs offer flexible and competitive rates, including
quickpays, fuel advances, and other programs to help fund the business. Their free
credit checking service allows customers to monitor the risks of non-payment of
Factoring invoices for work completed.


KCMX Capital [Mexico City, 2013]: KCMX Capital offers factoring services. Their line
of factoring is focused on small and medium-sized industrial, commercial and service
sectors, the purpose of the loan is its liquidity through factoring.
Factoring
Platform Black [ , 2011]: Platform Black provides an online marketplace platform for
invoice trading for invoices of up to 90 days.. The invoice seller puts up the details of
the invoice on the platform for auctioning. The buyers are then notified of the new
auction and are invited to bid on the invoices. Money is transferred to the seller's
account a day after the bidding is closed. Platform Black charges 1%+VAT as fee for
the auction (floor of £100). Apart from this, Platform Black also offers supply chain
Factoring financing to a business' suppliers.
CBAC Funding [Manchester, 2012]: CBAC in an online marketplace for invoice
factoring. It enables businesses to link their accounting platforms to the website and
upload the invoices that the company wants to sell. It the receives bid/quotes from
financiers willing to buy the invoice at a discounted rate and selects the preferred
bidder. CBAC has customers from diverse industries such as banking, oil &; gas,
Factoring medical, construction and transportation.
InvoiceBid [Melbourne, 2014]: Invoice Bid is an online factoring marketplace that
allows businesses to sell their invoices to investors. The invoices should be of at least
A$10,000 and have maturity in 120 days of uploading. Investors bid on the invoices
and have option of partial bidding as well as full bidding on the invoice value. Once
the invoice is paid, investors are distributed the money on a pro-rated basis.
Borrowers are charged a certain fee on the invoice and investors are charged 15% +
GST on the profit made. It only allows certain investors to bid on the platform such as
Factoring Institutional investors, sophisticated investors and High Net Worth Individuals.


The Receivables Exchange [New Orleans, 2007]: The Receivables Exchange is a
marketplace for financing commercial receivables that helps businesses increase
liquidity and drive down their cost of capital. Businesses post outstanding invoices on
the Exchange, where a pool of institutional investors (including banks, hedge funds, Redpoint, StarVest Partners, Fidelity
asset-based lenders, and family offices) compete in real time through an auction- $39.75M Ventures, Prism Venture, Bain Capital
process to purchase them. Receivables posted on the exchange have a term of 15-360 Ventures
days and and offer wide ranges of credit risk / yields. NYSE Euronext and RecX
partnered in September 2011 to jointly market RecX to both private and publicly-held
Factoring - B2B - Marketplace companies.
Kredx [Bangalore, 2015]: KredX (formerly Mandii) is an online marketplace for SME
lending, connecting enterprises looking for financing and investors looking to earn
higher short-term yields with lesser risk. Borrowers can sign up, upload payment
pending invoices or post date instruments of their customers, select from among the
best bids available and receive funds. Investors can view invoices/PDIs from
$750K Prime Venture Partners
companies along with credit profiles to post their bids against them. Post the tenure,
investors can get the funds directly to their account. The company receives a
brokerage fee from both the parties once the trade is settled. Claims to have
processed over 1K invoices ranging from INR 1 Laks to INR 1Cr in less then a year.
Factoring - B2B - Marketplace Service of Minions Ventures Pvt Ltd.
Funding Gates [New York City, 2009]: Funding Gates provides credit screening,
monitoring and collection tools that enable small businesses to better manage their $618.6k
receivables.
Factoring - B2B - Marketplace
Tesorio [Philadelphia, 2013]: Tesorio is a cloud-based marketplace for invoice

factoring. It enables buyers to provide an option of early payments to vendors and
$220k StartUp PHL, Y Combinator
then repay Tesorio. Vendor's can also directly approach Tesorio to sell their invoices
on the platform.

Pagido [Berlin, 2013]: Pagido provides bill generation and factoring services for
freelancers in Germany. Its services include payout of 80% of each bill immediately
Axel Springer Plug and Play
after validation, complete insurance for freelancers, formally perfect invoices for the $34.62k
Accelerator
freelancer’s clients and automated mediation service. It charges a flat rate of 5% of
Factoring - B2B - Marketplace sales from freelancers and 3%-5% from companies.
Trefi [Amsterdam, 2012]: Trefi provide financing to SMEs by buying bills with the
money of its Financiers. Just a day after sending the invoice, SMEs already have a
portion of the invoice amount. It buys their invoices and pays them an initial purchase
price (= the first part). This amount is 67% of the invoice amount on an average. This
is determined on the basis of the value of the basket of invoices for each SME. Thus,
they already have a part of the money to get started in their business. Whenever a
customer pays the full amount on the invoice, SME will receive the deferred purchase
Factoring - B2B - Marketplace price (= the second part). They charge an interest and commission.
Trefi [Hong Kong, 2001]: Trefi offers an operational platform that covers all IT needs,
including client interfaces for invoicing and for confirming, risk management on clients
and debtors, back office, collections and more. With Trefi, Factoring companies may
reduce funding cost and increase access to finance. It provides multiple forms of
finance to both MSME and large corporates: Receivable based overdraft, Value based
factoring and Reverse factoring (supply chain finance). It also supports dynamic
Factoring - B2B - Marketplace discounting. The finance is always provided in the currency of the invoices.
Pagaresya [Madrid, 2014]: Pagaresya provides credit lines to SMEs using their
promissory notes and invoices. Their financial experts analyze customer's commercial
promissory note, with no costs or commitments. Similarly to investors they provide
free advice and reviews for better returns on their capital.


Invoice Market [Moscow, 2014]: Invoice Market is a Russia based platform for
factoring. Entrepreneurs are able to sell accounts receivable at most favorable rates.
It connects sellers with investors: banks, factoring companies and other organizations
willing to finance overheads. It is an auction based factoring where investors offer
Factoring - B2B - Marketplace sellers the best price conditions.
Interface Financial [Bethesda, 1972]: The Interface Financial Group's Invoice Finance
Marketplace provides selected invoice finance service which can be a beneficial tool
for SME owners in times of financial need. IFG invoice finance service is not a loan, it
is the purchase of single or selected group of invoices. With over 150 offices, IFG is
managed on a local level, providing immediate service to the clients with local
knowledge and experience. Funding in 24 to 48 hours for B2B companies in all
Factoring - B2B - Marketplace industries except medical insurance receivables.
Fakturabörsen [Stockholm, 2009]: Fakturaborsen is an Invoice Stock Exchange where

SMEs can sell their accounts recievables to hedge funds and investment companies in
an auction type format. It is operated by the European Factoring Exchange.
FactorAuction [ , ]: FactorAuction.com is a receivables exchange where factoring

companies compete to purchase the unpaid invoices from companies for immediate
upfront cash. The entire auction and advance process takes approximately 5 days. A
typical auction takes 24 hours and the remaining 4 days is to submit all
Factoring - B2B - Marketplace documentation to the winning bidder.


Ulusal Factoring [Istanbul, 2001]: Ulusal Factoring is a national non-bank factoring
company in Turkey, providing receivables based working capital financing to primarily
Turkey's growing small-and-medium sized businesses. As a part of factoring, it
provides receivable collection services. A maturity receivable to be due on a future
date is paid by the factoring company to the seller at a pre-determined advance
payment ratio prior to the relevant maturity date subject to the limits set for the
Factoring - B2B - Marketplace seller.
Creancio [Paris, 2015]: Créancio helps small businesses secure steady cash-flows
through innovative invoice funding. SMEs upload outstanding invoices online and
receivre immediate payment. Créancio also leverages technology to deliver lightning-
fast credit decisions (24H approval process). It pays a share (80% to 95%) of
customer's bills as soon as its loaded online on Créancio. It transfers funds to the bank
account of the company. When their customer pays the invoice, it notifies the
company and non-funded share of 5% to 20% is paid immediately, net of costs and
interest. On average, the cost of Créancio financing starts at 0.49% of VAT of each
Factoring - Direct Lender invoice.
SMRT Finance [Amsterdam, 2015]: SmrtFinance is a factoring service is Netherlands.

The platform runs entirely in cloud. All invoices and contracts are available round the
clock. Offers services if debtor is based in Netherlands, min amount per invoice is
EUR 1000 and debtor is insured with a credit insurer. SmartFinance is a part of smart
Factoring - Direct Lender services.
INVOICE CYCLE [London, 2015]: Invoice Cycle offers businesses instant finance, by
advancing payments for their outstanding invoices. Their online platform allows
businesses to sell their outstanding invoices instantly, rather than waiting 30-90 days
for payment from their customer. They offer invoiced backed loans as well as
Factoring - Direct Lender factoring solutions.


European Credit Partners [Rotterdam, 2015]: EuroCPS is an online platform that

provides invoice based financing to borrowers. The company provides services in the
field of Factoring, Corporate Finance Rings, Finance Rings Real Estate, Financial
Management of Real Estate Portfolios and Legal Services.
Factoring - Direct Lender
Rechnung48 [Dresden, 1998]: Rechnung48 is an online service of the Elbe-Factoring

GmbH, which is bank-independent financing partner for SMEs. It finances the bills in
less than 48 hours and charges a service fee of 3.97% plus VAT. It assumes 100
percent of the default risk.
AR Funding [Greenville, ]: AR Funding provides invoice factoring services to

businesses. It advances up to 90% of the invoice value with a 2% fee for a 30 day
period. The client has to forward the cheque/online repayment to AR Funding's
account.
eDebex [Brussels, 2013]: eDebex is a peer-to-peer factoring platform. It brings
together companies looking for liquidity and investors looking for short-term
investment opportunities. Sellers receive the invoice amount minus a discount from
the buyers within 72 hours. The discount is based on the due date and the credit
rating of the seller’s client. Their client pays Edebex on the due date of the invoice.
That amount is then transferred to the buyer. Invoices are insured against non- $4.3M
payment, thus limiting the risk for buyers and sellers alike. eDebex accepts the
invoices for payment for goods or services completed / delivered with a minimum of
5,000 euros and maximum 99 999 euros, VAT included. The time between the issue
date and the payment date of the invoice or claim shall be of maximum 120 days and
Factoring - P2B Marketplace 20 days minimum.


Investly [Tallinn, 2013]: Investly is a P2P invoice financing platform. The have
companies should stable cash flows and be operating for at least 2 years in order to
raise money on the platform. It also offers P2P factoring services where business can $670k SpeedInvest, Startup Wise Guys
sell their outstanding invoices and investors bid in an auction to purchase those
Factoring - P2B Marketplace invoices.
Monetaflex [London, 2014]: Monetaflex is a platform where business can either sell
their unpaid invoices or get them paid earlier at discounts. The investors can invest in
$0.26M
these unpaid invoices gain returns and the buyers can pay their suppliers earlier to
get early payment discounts.
Factoring - P2B Marketplace
Mesfix [Bogota, 2014]: Mesfix is an electronic trading platform which connects SMEs
with investors. The SMEs use the platform to sell their unpaid invoices to a group of
investors. It was announced as a winner at Santander InnoVentures' fintech startup
event in São Paulo.
Factoring - P2B Marketplace
Decimo GmbH [Berlin, 2014]: Decimo offers factoring services to freelancers as well
as small companies in Germany. Decimo focusses on efficient, fast and
automated processes through the internet. Investors can participate in its business
model through the crowd financing campaign with an interest rate of 6% on the
Factoring - P2B Marketplace crowdinvesting platform FunderNation.


MarketInvoice [London, 2010]: Marketinvoice provides online platform to enable
SMBs gain access to working capital requirements using invoice financing. The
company allows accredited investors including corporate and local pension
funds,asset managers, hedge funds, family offices and high net worth individuals to
$28M British Business Bank, Northzone
invest in the businesses. It an charges an origination a fee of 1.5% to 3% of the invoice
value and requires a business to have at least 6 months of trading history and GBP
Factoring - P2B Marketplace - Only accredited 100,000 in annual revenues. It has so far helped raise GBP 300M of financing for
investors SMBs and counts Northzone and Paul Foster amongst its investors.
Kickpay [San Francisco, 2014]: Kickpay is an marketplace for buyers and sellers of
sales invoices. Buyers get a chance to invest in a new asset class, and sellers get the
much needed financing for their supply chain. The platform works on an auction $120k fundersclub,com, Y Combinator
Factoring - P2B Marketplace - Only accredited model where buyers bid for the invoice that are listed by the sellers. As of June, 2015,
investors the platform is still in BETA mode.
Inwise [Tallinn, 2015]: Inwise is an online factoring platform which enables

companies to sell their receivable invoices at the auction to investors with the highest
bid. In order to participate in an auction the investor transfers a respective sum of
money to their virtual account, after which they can participate in invoice sales
auctions within the limits of the financial resources in their account. The investor who
makes the highest bid wins. Generally the sales price of an invoice is 97-99%
depending on the payment deadline and auction result. It charges a fee of up to 0.5%
Factoring - P2B Marketplace - Only accredited from all invoices irrespective of their amount. It charges a commission of 20% on the
investors profit earned by the investor.
Invoice Interchange [Singapore, ]: Based in Singapore, InvoiceInterchange is a P2P

invoice trading marketplace that helps SMEs resolve cash flow challenges by
auctioning outstanding invoices to investors to raise working capital. The SMEs that
Factoring - P2B Marketplace - Only accredited qualify for this funding should be at least an year old, engaged in a B2B business and a
investors turnover of at least SG $500K.


Dansk Faktura Børs [Copenhagen, 2011]: Dansk Faktura Børs is an electronic

marketplace for selling invoices. It enables companies to sell its invoices, via an
auction, to the highest bidder. Only professional investors can purchase invoices on
Factoring - P2B Marketplace - Only accredited the platform.
investors
EntreXchange [Singapore, 2013]: Entrexchange is an online auction platform for the

trade receivables of small and medium enterprises. Through the platform SMEs can
auction their non liquid assets such as trade receivables online. The company has its
Factoring - P2B Marketplace - Only accredited office in Singapore and is planned to open up another office in Hong Kong in 2016.
investors
Facturedo [Santiago, 2015]: Facturedo is an online invoice factoring platform in Chile.

It allows institutional investor or qualified individual investor to invest on the platform
and facilitates advances between 80-95% of the invoice value. It charges 0.5 - 2.0%
Factoring - P2B Marketplace - Only accredited depending on the risk of commercial debtor.
investors
Aztec Money [Dubai, 2012]: Aztec Money provides an online invoice trading platform
for export trade receivables and invoices. Once a company uploads the invoice on the
platform, Aztec Money lists the invoice on the marketplace for auction for investors
Factoring - P2B Marketplace - Only accredited to bid on. Aztec Money allows the company to set the discount and advance on the
investors invoice.

Enablers (1/27)
Dimeng [Shenzhen, 2005]: Dimon net loan system (www.dimeng.net) is a systems

solution provider to net loan platforms. Dimon provides technical infrastructure to $79M
several P2P loan platforms in China.
FinLocker [St. Louis, 2015]: FinLocker is a consumer-enabled financial data platform

that gives lenders access to critical borrower information via a trusted 3rd party that
can be used to streamline the origination and underwriting processes for mortgages
and other financial products. It reduces costs, time, and risks for all participants in the
loan life-cycle, while expediting the data collection, verification, and analytics
processes. The consumer can also use FinLocker to manage their personal finances.
FinLocker providers can invite their consumers to utilize the FinLocker tool. With the
consumer’s consent, FinLocker accesses online financial information from the sources SixThirty, Holton Capital, Cultivation
$2.35M
of the consumer’s choosing, including bank statements, brokerage statements, credit Capital
card statements, tax information, and other financial data. Using FinLocker, the lender
can then access consumer-consented data in a secure online platform. That data can
be integrated into existing loan origination and business systems.FinLocker also
applies business rules and analytics to provide actionable information that can be
utilized by lenders, servicers, and investors. FinLocker allows the consumer to easily
manage their financial data, and share it for many types of loans and financial
products at their discretion.
Oradian [Zagreb, 2012]: Oradian provides microfinance institutions with core banking
software-as-a-service with a focus on financial inclusion. Their core offering Instafin
includes key banking functionalities of accounting, security, administration, loan
portfolio management, deposit tracking. They are also creating an ecosystem Seedcamp, Day One Capital,
(marketplace) for financial inclusion technology connecting third party vendors with SpeedInvest, Edventure Holdings,
their customers catering to specific requirements. Lastly, they also offer capacity Playfair Capital, Credo Ventures
building services assisting their customers in implementation and leveraging
technology. Winner of Pioneer's Challenge 2014, it has also been nominated for The
Europas Awards in the Best European Startup Aimed At Improving Society category.
Enablers (2/27)
LendFoundry [Irvine, 2013]: LendFoundry provides end to end lending solution from
marketing, acquisition, underwriting to loan servicing system. Its solutions include
loan origination, loan servicing, customer relationship management, API intergration,
Credit Bureau Reporting and marketing solutions. Some of the industries they have
partnerships with include personal loans, working capital, auto lending, merchant
cash advance, real estate. Its clients include LoanDepot, Realty Mogul, National
Funding, LendingUSA.
Think Finance [Fort Worth, 2001]: Think Finance develops financial solutions to meet
the needs of underbanked consumers. It offers Presta, lease-purchase program for
electronics and housewares online; Elastic, a line of emergency credit offered to
people by their employers and Rise, and installment loans product. In addition, they $60M Sequoia Capital, Victory Park Capital
also provide analytics and marketing services to financial institutions. They provide
technology for Loan Origination &; Management Products, fraud/risk management
Analytics among other lines of businesses.
Open Lending [Austin, 2000]: Open Lending provides automated lending services to
financial institutions. The company specializes in loan analytics, risk-based pricing, risk
$50M Bregal Sagemount
modeling and automated decision technology for automotive lenders throughout the
United States. The company was founded in Austin, TX in 2000 and is privately owned.
Analytics
Crowdnetic [New York City, 2011]: Crowdnetic Corporation is provides technology,
infrastructure and market data solutions to the marketplace lending and
crowdfunded-securities industries. It's data and technology solutions are used by
$1.9M
hedge funds, family offices, asset managers, venture capitalists and investment banks.
It is offering a marketplace lending gateway which matches borrowers with lenders.
Analytics Its other solutions include Lendvious.com, CrowdneticWire.com and CrowdWatch.co.

Enablers (3/27)
Account Technologies [London, 2011]: Account Technologies uses the data found in
bank and credit card statements of consumers and businesses to enhance credit risk
modeling, provide market leading affordability assessments and match consumers to
better value products and services. This can potentially transform their financial
position.They have 3 customer facing products: SafetyNet Credit: funds a customer's
existing current account when their balance becomes low, and takes a repayment
$56M
when money comes into their account, preventing them from paying expensive
unauthorized overdraft fees. ClearAccount: Personal Finance Manager which
aggregates all of a customer's bank accounts and credit cards into a single dashboard.
AccountScore: AccountScore checker uses the bank information to calculate a score
which can be used as their credit score. They have extended a credit of £170m to
Credit Scoring more than 100,000 customers.
WeCash [Beijing, 2013]: Wecash is a big data credit assessment platform that
provides solutions for technology companies. It uses machine-learning algorithms to
provide credit assessments in less than 15 minutes. By mining public mobile data from
$26.5M IDG, SIG
roughly 600 million mobile internet users, Wecash is able to quickly provide extensive
credit assessments and build predictive models for customers’ credit risk. As of
Credit Scoring January 2015, the company has eight million registered users
QuantGroup [Beijing, 2014]: QuantGroup is a machine learning and big data platform
which determines the creditworthiness of individuals and small businesses. This data
is useful to obtain low-interest loans. It claims to be working with more than 50
$3.5M Fosun Kinzon, China Growth Capital
financial institutions and consumer finance companies which also includes P2P
Lending platforms. Claims to have raised $3.3M in Series A round of funding from
Credit Scoring Fosun Kinzon.
Argos Risk [Minneapolis, 2010]: Argos Risk provides online business-to-business
credit risk management tools and technology for SMBs. Argos Risk Online is a credit
risk management solution that helps businesses monitor the financial health of its
$1.8M
customers, suppliers, and competitors with online dashboard tools. Argos Risk
Defender provides tools, business intelligence and best practices that helps users to
Credit Scoring defend business and employees against cybercrime and business identity fraud.
Enablers (4/27)
IceKredit [Shanghai, 2015]: IceKredit uses uses machine learning and advanced big
data technologies to assess the credit level of individuals and SMEs. They claim that
Frees Fund, Yunqi Partners, Will
their credit models are built upon the loan data from various financial institutions and
Hunting Capital
other related data sources. It is used by financial institutions to evaluate credit of
Credit Scoring businesses and consumers. It claims to have raised an Angel round of funding.
Koala Credit [Beijing, 2014]: Koala Credit is a third-party credit assessment and
management service provider. It uses big data to asses credit of the users who
comprise of SMEs also. On the basis of the credit users can also choose a series of Glodon, 51job
credit products from different lending platforms. The scores range from 300-850
Credit Scoring points. It claims to have raised Series A round of funding.
Credit2go [Shanghai, 2015]: Credit2go provides credit assessment and other financial
services through the platform for individuals and businesses. The score ranges from Taoshi Capital
300 to 850. Has raised Angel round of funding from Taoshi Capital.
Credit Scoring
51zhengxin [Shanghai, 2015]: 51zhengxin has established the credit rating system in
the loan industry. It firstly takes the data from the central database, then implements
various other metrics to find the credit worthiness of a user. It provides a standard
unified interface so that borrowers create their query of detailed personal
information, loan agency information, personal debt ratio and other exclusive P2P net
Credit Scoring loan credit data.
Lendvest [Bangalore, 2015]: Lendvest is working in lending space and aims to make
credit accessible to consumers and businesses using sophisticated machine learning
algorithms. As of January 2016, the company is in stealth mode.
Credit Scoring

Enablers (5/27)
Logical Glue [London, 2015]: Logical Glue provides credit scoring software for lenders
/FIs. Lenders can use predictive modelling to supplement traditional credit scoring
and underwriting processes to make decisions with lower overheads.The Logical Glue
platform provides lenders with sophisticated predictive models for automated
decision making. Predictive analytics can also be applied to target and price new
lending products, and value existing loan portfolios. The Logical Glue platform also
allows businesses to manage key areas of their enterprise including customer
Credit Scoring retention, new business development, process optimization and risk management.
Advice Robo [Amsterdam, 2013]: AdviceRobo is a machine learning platform that

combines data from structured and unstructured sources to score and predict risk
behaviour of consumers. The product CreditRobo focuses on all credit products, such
as Loans, Mortgages, Credit Cards, Payday Loans, Student Loans etc. Features include
Credit Scoring default predictor, bad debt predictor, payment predictor and outflow predictor.
Instantor [Stockholm, 2010]: Instantor is an international Credit Scoring and Online

Identification company that makes use of existing financial infrastructure to identify
and credit score consumers. They assess creditworthiness by analyzing the
transactional history from the individuals internet bank. This allows them to ensure
that the individual has a steady income and that he pays his bills regularly. They then
send a recommendation to the merchant who makes the final decision about
Credit Scoring approval.
Credit Check [Apeldoorn, 2015]: CreditCheck.nl is a provider of credit information

and data management services. The information provided to consumers, managers
and companies is extracted from the Creditcheck.nl Databank.
Credit Scoring

Enablers (6/27)
Funding Metrics [Langhorne, 2013]: Funding Metrics provides a suite of real-time
business credit and debt monitoring, and data verifying service to lenders investing in
the short term and non-prime market. It offers 1. Risk management using historical
loan repayment; 2. Analytics to recognize trends in the small business loan industry
and forward-looking evaluations of delinquencies or associations of businesses to its
Credit Scoring companions within the industry; 3. Automated underwriting services.
Credit Benchmark [London, 2012]: Credit Benchmark gathers, aggregates,
anonymizes credit data from multiple banks and then delivers it in a highly secure,
confidential and legally-compliant manner. Its systems maximize data quality through
rigorous data validation and entity matching, with the ability to handle unlimited
datasets. By doing this, it creates consensus credit data and analysis that directly
$27M Balderton, Index Ventures
reflect the views of banks’ own risk teams. Its system specifically produces estimates
for probability of default and loss given default, used for risk management and more
broadly as benchmarks in the financial industry. The model allows it to offer insights
on unrated sovereigns, hedge funds, public and private companies as well as their
Credit Scoring - Businesses trading subsidiaries.
Nav (fka Creditera) [South Jordan, 2012]: Nav (fka Creditera) helps small business
owners access the financing they need to grow and effectively manage their business.
They do this giving business owners tools to take control over their credit profiles--
offering both personal and business credit data and insights for free. With the goal of Peak Ventures, Kleiner Perkins, Rock
empowering business owners with better transparency into their credit lives, the site $6.5M and Hammer Ventures, Kickstart Seed
includes easy-to-read personal and business credit reports, contextual advice and Fund
monitoring all in one spot. It also provides tools that help members build business
credit and a marketplace that makes it easy for them to use credit to create the
Credit Scoring - Businesses business of their dreams.

Enablers (7/27)
Open Book Ben [Golden, 2013]: Open Book Ben is a business credit reporting agency.
BEN has a business credit score for nearly every company in the United States. These
scores are based on publicly available data, as well as data provided by their users.
$3.45M
This approach allows business owners to have active and meaningful impact on their
credit reputation and opens the door to additional features including better trade
Credit Scoring - Businesses agreements, new customers, and more favorable capital opportunities.
modeFINANCE [Trieste, 2009]: modeFinance is a Credit Rating Agency. Its products
and services help its clients in the decision making, giving the best information in
terms of quality, efficiency, transparency. Utilizing the modeFinance products, their
clients have easy access to the knowledge of the credit risk of companies, sectors,
$1.4M CORVALLIS
holdings, countries, suppliers’ chains, vendors, etc. modeFinance provides
international credit reports on every company across the world. modeFinance
elaborates the ratings by using proprietary method: MORE Multi Objective Rating
Credit Scoring - Businesses Evaluation.
Wuyintong [Xuhui, 2015]: Wuyintong is an online platform providing risk modelling

for SMEs to borrow capital from banks and other investors. It uses big data analytics
capabilities to improve risk control model of business operations in a real-time and AV Capital
historical analysis, this enables companies to obtain approval and issuance of the bank
Credit Scoring - Businesses loans.
LJLPAY [Beijing, 2015]: LJLPAY is a SMEs credit rating online platform. It uses data
analysis techniques and various criteria such as user transactions, financial data etc. to
create a dynamic risk control process. It aims to help in building efficient online
financial services availability to B2B businesses.
Credit Scoring - Businesses

Enablers (8/27)
Social Credits [Hangzhou, 2014]: Social Credits is an in-depth analysis and machine
learning tool which integrates various other traditional data sources to evaluate the
enterprise customers. It also provides users with credit risk assessment services and
early financial risk warning solutions.
CrediWire [Copenhagen, 2015]: CrediWire is a SaaS platform that integrates and
collects financial cloud data (such as ERP, POS and bookkeeping systems) in order to
do real-time credit rating and customer analytics as well as delivering workflow
optimising software to banks, leasing, factoring and other finance providers.
CrediWire is a real-time financial data connector that allows banks and FIs to access
potential customers real-time accounting data and assess their credit score with one
click. It also helps them to keep an eye on their current customer sales, purchasing
and risk. This allows banks and FIs to automate risk management and save their
advisors and sellers time. It charges € 169 per user / month to the banks and
Credit Scoring - Businesses accountants. The platform can be used by SMEs for free.
Shuidixy [Shanghai, 2015]: Shuidixy provides SME credit data from government
public data, corporate public information, enterprise independent reporting data,
users evaluation, and intelligent acquisition. Thereby which the platform processes,
correlates, models comprehensive portrait of the enterprise for the government
Credit Scoring - Businesses authorities, commercial banks, P2P companies, funds and general business users.
Verifo [London, 2016]: Verifo offers SME credit risk analysis and management for
peer-to-peer lending platforms and banks. It uses big data and proprietary machine
learning algorithms to provide credit scoring for small and medium enterprises.

Enablers (9/27)
aFundia [Atlanta, 2015]: aFundia offers risk assessment solutions to help small
business lenders in accessing the risk of their business loan applications. It scrapes
data from credit bureau, third parties and loan application data to build a credit score
for a business.
RingBellDeal [Mumbai, 2015]: RingBellDeal plans to launch an analytics based

financial product which uses data from marketplaces/social etc. to carry out CWC
(credit worthiness check) &; credit score of the e-commerce reseller online. Received
NBFC MFI license in January 2016
CRiskCo [Sunnyvale, 2015]: CriskCo is an online platform that connects with vendors
and helps them evaluate their customers' credit and reduce credit failures. CriskCo
creates a credit score for businesses, similar to the successful FICO score for
individuals, by building a community that shares business information. The company
is focusing on customer-vendor relationship and motivate customers to improve their
payment and debt ethics. Also help SMB's identify imminent risks based on patterns
Credit Scoring - Businesses that can identified from the customers history.
SMBscorecard [New York City, 2013]: SMBscorecard provides the information behind
business credit scores to the 26 million SMBs and 6,416 banks in the United States.
SMBscorecard is a product and trademark of Corporate Legacy, Inc.

Enablers (10/27)
PayNet [ , 1999]: PayNet provides proprietary small business lending analytics and
tools that help lenders to identify optimal portfolio growth opportunities; help
mitigate portfolio risk by providing warning instead of detection; and accurately
forecast default rates to balance risk and reward when pursuing new small business
lending opportunities. PayNet tracks lending and default data on more than 22 million
small business loans, providing unmatched forecasts and insights on industry sector
growth, regional trends and default risk. PayNet MasterScore is developed from the
largest pool of term debt leases and loans compiled to predict 90+ Days Past Due
(DPD) on a 3 digit scale. The PayNet MasterScore contains a total of 149 variables with
Credit Scoring - Businesses 50 unique variables. It operates in US and Canada.
EFL [Lima, 2010]: The Entrepreneurial Finance Lab (EFL) is an innovative financial-
technology company which employs psychometric and nontraditional applicant data
to create credit scores to measure risk and potential among new and existing small
businesses. EFL, a product of its early Harvard research, has been recognized by the
G-20 as one of the most innovative approaches to SME finance globally, and is
supported by numerous international organizations, both public (IFC, IADB, G-20) and
private (over a dozen of the largest financial institutions across 26 countries in Africa,
Latin America, South Asia, and Southeast Asia.) EFL identifies high potential
entrepreneurs by measuring risk among micro and SME borrowers with insufficient
Credit Scoring - Businesses credit history.
Check Business [London, 2013]: Check Business is an online service that provides
credit and risk rating of businesses in the UK in partnership with Equifax. It allows
members to look up and monitor credit scores for any UK business, partnerships and
sole traders. The reports and ratings can be accesses by searching for company name,
Credit Scoring - Businesses registration number or VAT number.

Enablers (11/27)
ZestFinance [Los Angeles, 2009]: ZestFinance (fka ZestCash) uses big data technology
to dramatically improve underwriting quality for lenders. It helps lenders in all credit
Northgate, Eastward Capital Partners,
segments better assess the credit risk of potential borrowers. Our technology can
Fortress Investment Group,
supplement or replace an organization’s current underwriting algorithms. It analyzes $112M
Lightspeed Venture Partners,
thousands of potential credit variables – everything from financial information to
Kensington Capital, Matrix Partners
technology usage – to better assess factors like the potential for fraud, the risk of
Credit Scoring - Individuals default, and the viability of a long-term customer relationship.
FactorTrust [Atlanta, 2006]: FactorTrust provides underbanked consumer data,
analytics and risk scoring solutions to a variety of lenders. The Atlanta-based company
utilizes an internal team of predictive analytics experts and statisticians combined
with a deep, proprietary database of underbanked consumer loan performance and
best-in-class third-party data sources. As a result, providers of short-term or
$43.62M MissionOG, ABS Capital Partners
installment loans, credit and pre-paid cards, automotive loans, retailers, wireless
services and collection agencies have an unparalleled view of the underbanked
community. This unique data, along with FactorTrust’s data modeling and analytics,
serves lenders throughout the US, UK and Canada in one of the largest and fastest
Credit Scoring - Individuals growing consumer segments, the underbanked.
100credit [Beijing, 2014]: 100credit is a big data financial information services
company that combines massive financial and non-financial data to provide customers
with credit risk modeling, fraud risk, credit assessment, risk control management etc.
It also provides value-added services which covers the lifecycle of a bank's customer $40.95M
and post-loan management services. Its solutions can also be used by the insurance
enterprises to improve customization and quality, detect fraudulent behavior of a
Credit Scoring - Individuals customer etc. It claims to have raised Series B round of funding.
Inventure [Los Angeles, ]: InVenture is a mobile technology company providing

simple credit scoring and accounting tools for emerging markets. Collects borrowers India Internet Fund, Google Ventures,
data through SMS and builds a credit score which then lenders can refer to while $11.2M LOWERCASE capital, MESA Ventures,
providing loans. Apart from financial help Inventure also offers financial literacy and Collaborative Fund
Credit Scoring - Individuals vocational training.

Enablers (12/27)
Cignifi [Cambridge, 2010]: Cignifi provides a big data platform to develop risk and
marketing scores for emerging consumers using mobile phone data. It helps banks,
retailers and insurance partners to identify qualified leads for credit cards, personal
$7.1M Omidyar
loans, insurance and savings among tens of millions of pre-pay customers. The Cignifi
platform also drives new and intelligent marketing for mobile carriers, enabling them
Credit Scoring - Individuals to increase spend and reduce churn.
RevolutionCredit [Irvine, 2012]: RevolutionCredit’s engagement platform and
database of consumer behavioral economic data transforms the credit decisioning
process for both lenders and consumers. Its a proprietary behavioral analytics
platform that identifies upwardly mobile credit consumers – consumers who perform
1-2 times better than their current credit score – by deriving predictive performance
signals directly from users at the point of transaction. it is a full turnkey solution that
$4.64M Accion
supports all credit life-cycle management strategies: Lenders invite their eligible
customers / prospects to get certified within the RevolutionCredit online program and
offer a reward for successful completion. The company is backed by an impressive
group of financial services entrepreneurs including the former CEO of FICO and
current Board Fellow, the founders of FreeCreditReport.com, LowerMyBills.com,
Credit Scoring - Individuals PriceGrabber.com, and GeoCities.com.
L2C [Atlanta, 2000]: L2C is a provider of advanced consumer scoring and analytics
solutions. L2C leverages alternative payment and asset data to create new predictive
credit, collection and marketing scores for over 260 million Americans. L2C’s clients $4.01M QED Investors, Core VC
include leading institutions in the financial service, retail, healthcare, automotive,
Credit Scoring - Individuals telecommunication, and media and entertainment industries.

Enablers (13/27)
Mines [San Francisco, 2014]: Mines is a proprietary credit scoring system, which uses
sophisticated algorithms to analyze multiple data sources and cost-effectively predict
default risk for both banked and unbanked consumers. Mines.io builds consumer
behavior profiles that help financial institutions and mobile operators extend services
$2.24M Nyca, Fintech Collective, XSeed Capital
to consumers. For example, it computes instant credit scores for unbanked consumers
with a mobile phone number. These credit scores are used by banks to pursue growth
opportunities in consumer lending, airtime lenders to extend product offerings, and
Credit Scoring - Individuals credit bureaus to extend coverage.
91Zhengxin [Beijing, 2015]: 91Zhengxin is a provider of credit management and

services via platform. It also establishes the risk management for the whole process of
$1.5M Matrix Partners
P2P lending platforms by providing supporting services. It has raised seed round of
funding from Matrix Partners in China.
Credit Scoring - Individuals
Aire [London, 2014]: Aire is a London-based company which provides credit scoring of
individuals via machine-learning algorithms. It allows users to enter their information
in the application and generates a credit score for them, especially users with no prior
SparkLabs Global, Accion, Barclays
credit history. It also provides APIs to lenders, to be integrated in their systems, to $1.4M
Accelerator, Tom Glocer
provide credit scores of the applicants applying for the loans on their platform. The
API was built to provide real time response.It has been counted amongst the 10
Credit Scoring - Individuals hottest Fin-Tech startups in London and in Top 15 Financial startups in Europe.
CreditX [Shanghai, 2015]: CreditX is a big data platform which provides tools to
mitigate credit risks in the different verticals of the financial sector, primarily aiming
at banking, P2P platform, consumer finance companies etc. The data technology
$1.08M ZhenFund
claims to help in the healthy development of credits through risk assessment. Some of
its features are industrial grade encryption, IT infrastructure, data modeling etc.
Credit Scoring - Individuals Claims to have raised Angel round of funding.

Enablers (14/27)
First Access [New York City, 2011]: First Access sells an instant, SMS-based
recommended loan size, which serves as a proxy for a credit score in informal markets
where there is no other alternative. It combines demographic, geographic, financial
and social data from mobile phones and other sources to provide decisions on loan
requests.Current and potential clients include microfinance institutions, commercial Acumen, tsef.com, Accion, Golden
banks, agricultural input suppliers, housing improvement lenders, biofuel equipment Seeds
lenders, solar lamp/distributed energy asset lenders, and sanitation equipment-
related lenders. It earns a margin from buying raw data on demand from mobile
network operators for $0.19-0.32 per query and selling derived information to
Credit Scoring - Individuals financial service providers for $0.75-$1.25.
Juvo [Los Gatos, 2014]: Juvo partners with mobile operators to offer people access to
credit and basic financial services via their everyday interactions with their mobile
services. The company is leveraging the rapid adoption of smartphones around the
world to improve the way that mobile operators offer prepaid mobile service and to
improve financial inclusion. It uses the daily mobile behavior of the subscriber to
assign them an Identity Score, which guides the marketing promotions and services
packages of mobile operators. The subscribers are engaged through a rewards-based
app and uses machine learning technology to determine the credit score. As of March
Credit Scoring - Individuals 2016, they are present in 23 countries and working with 100 million subscribers.
FinMobile [Camberley, 2013]: FinMobile does credit risk assessment of unbanked
and underbanked customers using AI and machine learning algorithms so that credit
providers can underwrite finance for prepaid subscribers to purchase smartphones
and other products and services. It uses operator billing and other data to predict
which customers are good credit risks. Its product includes-InstantFone, direct to
Credit Scoring - Individuals consumer smartphones on installment payments.

Enablers (15/27)
Cefy [Mumbai, 2015]: Cefy is an alternate credit scoring company in stealth mode.
Cefy will be available to public in early 2016.
Monsoon FinTech [Delhi, 2015]: Monsoon Fintech is developing an alternate credit

scoring system and claims to have developed proprietary machine learning algorithms
to collect and analyze data from different sources.
Credit Kudos [London, 2015]: Credit Kudos uses consumer transaction data to build
highly accurate and transparent credit score-cards and affordability metrics. The
product makes decisioning possible for unbanked as well as those with nonexistent or
thin credit files. It is backed by Entrepreneur First, Europe-based leading pre-seed
investment programme for technical founders. Offers APIs to online lenders wherein
Credit Scoring - Individuals the borrowers have to authorize access to their data.
Udhaar [Pune, 2015]: Udhaar leverages Aadhaar to provide alternate credit scoring
mechanisms for underserved individuals. Currently validating business model that
involves microlending, credit score of low/medium income groups in India for
Financial Institutions. Credit score based on a myriad of data sources. Also developing
a marketing platform for FMCG companies and designing easy to use point-of-sale
systems, including authentication via biometric methods. Was among the top 20
Credit Scoring - Individuals startups in Innovate for Digital India Challenge 2015.
Destácame [Santiago, 2014]: Destácame helps people to use their utility bills like
electricity, water and telephone in order to demonstrate to banks and large stores
that they are responsible and worthy of good credit conditions.
Enablers (16/27)
Union Financial Tech [Tallinn, 2012]: Union Financial Technologies provides real-time
scoring of clients to support the account opening, loan origination and annual review
processes. It offers Digital Core, Credit Scoring and Client Engagement solutions to
international Retail banks, Credit Unions and start-up Consumer Credit firms.
Union.score access multiple internal and external data sources such as credit history,
state registries, etc simultaneously in real-time. At present they are active in the
Baltic, Nordic, UK, Irish markets. As per their website they plan to launch a new
Credit Scoring - Individuals solution to support Crowd/P2P providers in 2015.
Scorelogix [Newark, 2003]: Scorelogix is a predictive analytics company and its scores
and data help businesses make better decisions. Scorelogix’s patented Ability To Pay
risk score (ATP score) is the score that predicts consumer’s ability to pay and credit
risk using the primary drivers of payment capacity i.e. income adequacy, income
stability, and economic conditions. Scorelogix is a pioneer in job risk scoring, a leader
in economic forecasting, and the inventor of Job Security Score and many proprietary
Credit Scoring - Individuals economic indexes.
Karza [Mumbai, 2015]: Karza is a cloud based solution and has two products, Score
and Watch. Karza Score is an credit assessment mechanism fueled by borrower
information gathered from multiple databases, both within and outside the financial
institution. Karza Watch aims to keep a close watch on loan portfolios of financial
institutions to identify any red flags, indicating any unexpected behavior by their
Credit Scoring - Individuals borrowers.
underwrite.io [Boston, 2015]: Underwrite.io utilizes a biology-based, machine
learning approach to credit modelling. It combines the results of a consumer inquiry
from conventional bureaus, like FactorTrust or MicroBilt, with multiple other
attributes and uses its proprietary MetaScore to generate an accurate credit score of
a person. It primarily uses name, address, SSN and email to predict the loan default
chances. The response on the loan query is usually generated in under 5 seconds. The
lender enters a set of inputs via the provided APIs to obtain a decision as well as a
Credit Scoring - Individuals credit tier or interest rate on the loan query.

Enablers (17/27)
VisualDNA [London, 2006]: VisualDNA is an audience insights company with patented
technology that makes it possible for businesses to understand people online. It has
developed a method of understanding, driven by the science of converting data from
personality quizzes into rich, accurate and scalable audience profiles. In the credit and
risk sector VisualDNA's product allows a lender to assess any potential customer, with Horizons Ventures, Atomico,
$28.6M
or without a credit history, allowing them to reach a larger market, and score that Northzone
market more accurately. And by collecting rich first-party data through its quizzes,
building scalable audience segments through its profiling algorithm and providing data
to all leading media-buying platforms, VisualDNA data also powers highly-targeted
Credit Scoring - Individuals - Quiz Based Scoring advertising in real-time.
TypeScore [London, 2015]: TypeScore does credit assessment for borrowers with low
or no credit score. It offers an API that can be integrated on the lenders website.
Borrowers respond to questions integrated into the lender’s application form
providing a minimum of 40-50 words. It predicts the risk of default through the
patterns contained within free-form text responses provided by the borrower. Its
Credit Scoring - Individuals - Quiz Based Scoring target customers are banks and online lenders.
Rental Kharma [Denver, 2011]: Rental Kharma enables renters to self report rent
payments and build their credit. Rent has traditionally not been included on credit
reports and Rental Kharma is the first company to partner with TransUnion and allow
renters to get the credit they deserve for making timely rent payments. Through the
$15k Jumpstart Holdings LLC
easy registration and verification process, renters can report up to two years of past
rent payments all at once. They charge one time verification fee of $40 and then
$9.95/month to verify your rent payment each month. You will also have the option
Credit Scoring - Individuals - Rent payments based to verify past rent payments during enrollment.
PayYourRent [Beverly Hills, 2007]: PayYourRent enables landlords and tenants to

collect and submit rent payments online. It reports these rent payments to credit
bureaus-Experian RentBureau and TransUnion, and help tenants to build a credit
history. It also enables payments through iOS and Android mobile apps.
Credit Scoring - Individuals - Rent payments based

Enablers (18/27)
RentTrack [Minnetonka, 2013]: RentTrack enables to build a credit history by

reporting their rent payments to major credit bureaus- Equifax, Experian, TransUnion.
For property managers, RentTrack makes it easy to accept credit cards and e-checks
online while integrating with rental accounting software.
Credit Scoring - Individuals - Rent payments based
Lenddo [Singapore, 2011]: Lenddo is a provider of social network based credit scoring
Accel Partners, Lumia Capital, Golden
for individuals. Users link their social networking accounts to their Lenndo account
Gate, atcapital.com, iNovia, Blumberg
and complete their profiles to generate the LenddoScore. This score can be used on $14M
Capital, Life.SREDA, Omidyar,
Credit Scoring - Individuals - Social Network Based websites providing financial products to consumers for financing or to get a better Metamorphic, Kickstart
Credit Rating interest rate.
FriendlyScore [London, 2013]: Friendly Score is a SaaS B2B company that provides
social media based credit scoring for people. It scans a person's Facebook profile to
uses semantic analysis to gather data points like education, employment residential
history, social network strength, behavioural, communication and lifestyle patterns. $375K Startupbootcamp, Mercia Fund
Its provides APIs which can be integrated in a lender's system and augment the credit
Credit Scoring - Individuals - Social Network Based score that has been generated by using other scoring methods and can be customized
Credit Rating as per the website's URL.
Trustami [Berlin, 2015]: Trustami aggregates a user’s distributed social media
information and ratings from different channels such as ebay, airbnb and facebook
and verifies the information for a use of the Trustami Widget – a digital Trust-ID. It
provides the user a platform-independent online reputation that can be used to build
trust in any kind of online interaction (e.g. P2P-ecommerce, house-sharing). The $137K entrepreneurship.tu-berlin.de
underlying Trustami algorithm aggregates and verifies the comprehensive and
complex social media data in order to evaluate the trustworthiness. Its use cases are
Credit Scoring - Individuals - Social Network Based accommodation sharing, marketplace lending, job interviews and other places
Credit Rating requiring background checks.

Enablers (19/27)
TrustingSocial [New York City, 2013]: Trusting Social provides consumer credit score
based on social, web and mobile data. It provides three major scores on an applicant:
1.Authenticity: Measures how likely an online identity is real and trustworthy.;
2.Network quality: Measures the depth of the network, based on interactions with
other people and their background.; 3.Financial Credibility: Estimates a person's
income percentile based on her work history and education. Their solution enables
Kima Ventures
lenders in emerging markets to lend to billions of “financially invisible” consumers
who are not covered by credit bureaus. The platform modules can be tailored for
social marketing, sale lead scoring, personalized offerings, and credit risk. Trusting
Social is the winner of Future of Money and Technology Startup Competition (2014),
Credit Scoring - Individuals - Social Network Based and among top 10 fintech startups in Americas presenting at the Innotribe Startup
Credit Rating Showcase New York (2014).
Sesame Credit [Hangzhou, 2015]: Sesame Credit part of Ant Financial is an
independent credit assessment and credit management organization. It is a social
credit service system, which uses big data and cloud computing to provide a credit
score to the consumers. It takes into account the purchases made using Alipay,
Credit Scoring - Individuals - Social Network Based personal information, timely payments on bills and credit cards, and when more
Credit Rating friends join Sesame Credit, the user's score will go up.
Xcredi [ , 2014]: Xcredi helps it clients to increase the value of their scorecard. It can
be used by banks, credit intermediaries, retail and credit card and debit card
companies by installing its plugin on their sales platform. Once installed, it collects
more than 7,000 data points from Facebook (and possibly. Linkedin, etc.) scores
applicants in real time with modern data processing tools and techniques. In no time a
score is generated, that clients can use individually or as part of their current scoring
Credit Scoring - Individuals - Social Network Based process. As a result, they can serve more customers and increase their credit quality
Credit Rating significantly.

Enablers (20/27)
Big Data Scoring [Tallinn, 2012]: Big Data Scoring is a European credit scoring
company that develops generic and tailored credit score models based on BIG DATA
and social networks. Their big data credit score model for consumer credit, uses
information from the Facebook social network and other sources. Big Data Scoring
offers a proven, generic social media scorecard as a service to creditors around
Credit Scoring - Individuals - Social Network Based Europe.They work with lenders of any kind – banks and non-bank lenders, payday and
Credit Rating P2P lenders, microfinance providers and leasing companies.
Credible [Tel Aviv, 2015]: Credible provides loans backed by predictive analytic
algorithm that price the risk of borrower. Their predictions are based on financial data
and social profiling. They use machine learning and scientific statistical models to
predict borrower’s creditworthiness. Based on their prediction they charge fees and
Credit Scoring - Individuals - Social Network Based interest on loans. Their target market are borrowers, lenders, financial institutions,
Credit Rating P2P lending platforms, real estate property agencies &; gaming platforms.
Neo [Palo Alto, 2011]: Neo Finance Inc. offers credit scores to consumers based on
their actual income and social data. The company is backed by Social+Capital
Partnership, a Bay Area venture firm. It claims to save its consumers as much 50% in
interest costs and targets young adults who may not have comprehensive credit
histories but will likely be high earners in the future.The company does review a
user's credit report for red flags but doesn't use the FICO score in its risk calculation.
Instead, the company spends more time parsing through a person's LinkedIn profile to
Credit Scoring - Individuals - Social Network Based determine how long users have held jobs, the number and quality of connections in
Credit Rating their industry and geography and the seniority of their connections.

Enablers (21/27)
Orchard [New York City, 2013]: Orchard Platform is an investment and analytics
platform that supports the marketplaces for loans by providing technical and
operational efficiencies to help institutional investors and loan originators connect Brooklyn Bridge Ventures, Canaan,
and transact.The platform enables institutional investors to scale their investment in QED Investors, Nyca, Conversion
the marketplace lending space by providing investment strategy, real-time execution $44.7M Capital, Victory Park Capital, Spark
and reporting, analytics, and access to supply. It helps originators expand the credit Capital, Thomvest, Tom Glocer, Thrive
landscape by connecting them to a diverse set of capital providers and enables them Capital
to focus on making loans and giving borrowers more choices. The company is a SEC
Investment Platform registered investment adviser
LendingRobot [Bellevue, 2012]: LendingRobot automates loan selection and
investment in P2P Lending. It allows investors to optimize their strategies and define
rules to systematically execute them. The platform selects and submits orders in less
$3M Runa Capital
than one second after new loans appear, allowing individual investors to compete
with hedge funds and institutions for the most sought-after opportunities. Charges an
Investment Platform annual fee equal to 0.45% of user's account value above $5,000.
Pagaya Investments [Tel Aviv, 2016]: Pagaya Investments is an investment platform
that uses machine learning algorithms to help institutional investors to invest in online
lending market. The institutions can invest in the funds of the company (Pagaya
Optimum and Pagaya Defensive) which invest in the loans on various online lending $1.25M Carmel Ventures
platforms. It also offers tailor-made portfolio to meet individual goals of the investors.
Some of the lending platforms that it invests in include LendingClub, Funding Circle
Investment Platform and Prosper.
AlphaFlow [San Francisco, 2015]: AlphaFlow is an investment platform that enables

investors to compare deals across multiple platforms and build portfolio across P2P
$120K Y Combinator
lending platforms. The investors can choose and pick their investments or can invest
passively by building portfolio with AlphaFlow funds.
Investment Platform

Enablers (22/27)
PeerTrader [Chicago, 2013]: PeerTrader is a high-speed investment automation
engine for lenders who use the P2P lending site Prosper.com. It enables P2P investors
to purchase notes via the Prosper Marketplace loan platform. Also offer a full range of $50K
analytics and consulting services, including advanced portfolio analysis, strategy
Investment Platform development, and algorithm testing.
Batiaoyu [Tianjin, 2014]: Batiaoyu is an online platform for financial services. The
platform verifies the user through phone and the funds are dispersed through third-
party payment platform directly to the creditor. The platform claims to have the JFS
optimum risk-benefit ratio thereby reducing the user's investment and risk threshold.
Investment Platform It has raised Series A round of funding.
Shindo [London, 2016]: Shindo is an investment platform which enables institutional

and high-net-worth investors to invest in a portfolio of loans originated on alternative
lending platforms. It also offers analytics tools to the investors for implementing
optimal investment portfolio strategy. For the loan originating platforms it enables
Investment Platform effective distribution of loans to a wide range of investors.
LendingWell [London, 2016]: LendingWell is an investment platform that offers

access to retail and institutional investors to invest in loans on P2P lending platforms.
It offers three investment options - Model Portfolio, Self-Direct Account, Bond
Products. Model Portfolio offers packaged investment in diversified portfolio of P2P
loans across partner P2P lending platforms. In Self Direct Account, the investors can
make their own investment decisions. Bond Products are the fixed return bonds
Investment Platform issued against portfolios of P2P loans.

Enablers (23/27)
LendingHarbor [New York City, 2015]: LendingHarbor is an online platform that
enables investors to analyze and invest on P2P lending platforms. The platform
provides historical analysis using data provided by LendingClub based on factors such
as credit score, annual income, loan purpose, etc. It also provides screening on
proprietary statistical models which provide performance projections for each loan
listed on LendingClub. It also offers portfolio optimization based on returns and user's
Investment Platform risk preferences and facilitates automatic investments.
NSRInvest [Denver, 2015]: NSR Invest is an investment and analytics platform that
provides access to P2P marketplaces for financial advisors, institutions, and
individuals. Account minimum is $10,000. Charges 0.60% AUM as management fee.
Investment Platform
Next Invest [Belfast, 2015]: Next Invest is an alternative finance comparison

company. It compares alternative investment opportunities including Retail Bonds,
Peer-to-Peer Lenders and others. It enables individuals to invest in a number of
different Peer to Peer Lending opportunities from one site.
Investment Platform
Zen Fin Tech [ , 2015]: Zen Fin Tech provides a white label platform to companies that
want to extend financing services over a mobile app. Its app, which is connected via
API with the main server, can be branded by lenders as per their preferences and
offered to consumers.
Investment Platform
IDX MarketSync LLC [New York City, 2015]: IDX MarketSync offers a fully automated
platform for investing across Prosper, Lending Club and Funding Circle. The platform
offers proprietary loan selection algorithms and comprehensive reporting to
participate in the P2P asset class. Free for accounts up to $25,000 and charges then 2
Investment Platform basis points a month.

Enablers (24/27)
Peer Lending Server [Tampa, 2013]: Peer Lending Server provides underwriting and
analytics software for marketplace lending. PLS underwrites and filters loans as and
when they are listed and also provides historical analytics on current and projected
return on investment as a way of evaluating loan strategies. The company combines
Investment Platform machine learning, automation and analytics to provide services to users.
BlueVestment [Boston, 2013]: BlueVestment is a P2P account management service.

Using the BlueVestment service, users can configure automatic management of day-
to-day activities of their Lending Club account. There are two main components: the
BlueVestment web site and the BlueVestment engine. BlueVestment website is to
configure the BlueVestment engine. The BlueVestment engine runs on their own
servers and is not something that user installs. It is a third-party service which
interacts with Lending Club. In June 2015 BlueVestment and Interest Radar
announced that they were merging. They will operate under the combined entity,
Investment Platform BlueVestment, LLC and will continue their focus on Lending Club.
NSR Invest [ , 2015]: NSR Invest is an investment and analytics platform that provides
access to P2P marketplaces for financial advisors, institutions, and individuals. Its
services for individuals consists of P2P Fund (accredited investors) and Managed
Account (retail investors). Managed accounts usually consist of three risk classes:
Conservative, Balanced and Assertive. For investment advisers and institutional
investors it provides a trading and analytics platform directly connected to loan
origination marketplaces. For Lending Club and Prosper it provides back testing and
Portfolio Analyzer. It also provides services for other platforms such as Funding Circle
Investment Platform and Upstart.
Smart Lenders Asset Management Ltd [London, 2014]: Smart Lenders Asset
Management is a London based asset manager focused exclusively on marketplace
lending. It focuses on the prime segment of the credit curve, both in the United
States and Europe, actively studying the new online marketplaces in order to find
value and diversification. The company invests exclusively in loans issued through
Investment Platform lending marketplaces, not in equity of platforms or other ventures.

Enablers (25/27)
PeerCube [Seattle, 2014]: PeerCube is a marketplace lending analytics platform. The
SaaS platform currently offers P2P lenders data-driven lending portfolio management,
lending decision and automation, lending strategy development and back-testing with
historical data. for Lending Club and Prosper peer to peer lending platforms. Almost
$6 million of portfolio is analyzed on weekly basis using PeerCube portfolio analysis
tools. Over 800 lending strategies have been developed using PeerCube tools and
Investment Platform data.
Lendery [London, 2014]: Lendery is a centralised platform that enables institutional
investors deploy capital across marketplace lending platforms. It offers a trading
software to buy/sell loans in real-time manually or automatically according to credit
strategies and view all investments in a single portfolio. They have partnership with
lending platforms to enable the investors manage and diversify their portfolio from a
single website. Its product features are automated loan acquisition, real-time order
Investment Platform processing, analytics reporting and diversification based on investors' preferences.
CrediFi [New York City, 2013]: Credifi provides real-time and large scale monitoring
of loan and property markets using big data analytics to facilitate prospecting, deal
and loan origination, and post-deal asset monitoring and trading. It also provides
comps analysis, risk analysis, market benchmarking, and loan and property analytics.
The company focuses on whole loans, loan portfolios, and CMBS loans and covers $9.6M Carmel Ventures, Battery
mortgage-backed loans of all types including single-lender, syndicated, and CMBS. It
covers over a 100 cities in US and provides its services to various institutions including
funds and buy side, lenders and sell side, owners, REIT ans brokers and other
Investment Platform - Analytics professionals.

Enablers (26/27)
dv01 [New York City, 2014]: DV01 helps institutional investors decide which
consumer loans to finance through marketplace lenders like Prosper Marketplace Inc.
and Lending Club. It improves workflows and facilitates transactions for institutional
investors, banks, and lenders. It allows users to review loan performance, both at the
$7.5M Jefferies
pool and individual level. Its streamlined user interface makes it easy to execute
complex queries to quickly identify a specific pool or subset of loans by origination
attributes and returns. They have provided investors real-time insight into $20+ billion
Investment Platform - Analytics of loans till date.
iyoucai [Beijing, 2013]: iYoucai is a credit rating and analysis platform for P2P and
alternative lending platform. It helps the lenders on the platform in investment
Haitong Leading Capital Management
decision making. It has raised angel round of funding from Haitong Leading Capital
Management.
Investment Platform - Analytics
PeerToPeer Quant [ , 2014]: Peerto Peer Quant provides analytics and

recommendations for investors investing on lending club. Its model is based on
historic note performance and artificial intelligence to determine which borrowers
will pay the highest interest rates but not default.
Investment Platform - Analytics
Croudify [San Francisco, 2014]: Croudify offers a secondary market to investors who
have lend on online lending platform. As of June 2016, it is in Beta stage and offering
secondary market only for LendingClub loans. The other services offered by it include
ratings for all loans across platforms and risk profile based portfolio management.
Secondary Market

Enablers (27/27)
Blackmoon Financial Group [ , 2014]: Blackmoon provides institutional investors with
marketplace lending as a service (MPLaaS) a direct access to the assets originated by
balance sheet lenders and marketplaces that have no API. Blackmoon serves as an
infrastructure provider to both originators and investors.For Originators: it provides IT
integration, Real-time portfolio securitization and Advanced performance analyticsFor
Investors: Independent scoring and loan assessment, Continuous due
diligence,Automated order processing and investment execution, Advanced interfaces
Securitization Platforms for analysisTesting and reporting

Aggregators (1/28)
Credit Sesame [Mountain View, 2010]: Credit Sesame is a personal finance
management tool for analyzing a person’s current debt situation and then make
recommendations as to how they can make improvements. Offers complete picture
Syncora, Menlo Ventures, GLOBESPAN
of their credit, including their credit score, loans and peer comparison on the web and
$35M CAPITAL, Inventus Capital Partners, IA
via a Mobile app. It offers loan comparison facility for various types of loans including
Capital Group
home loan, student loan, personal loan, auto loan, etc. Proactively monitors market to
deliver just in time alerts and product recommendations. Earns revenue by charging
fee from banks after a user closes a loan. Has raised $35.4Min funding in 4 rounds.
Fundera [New York City, 2013]: Fundera is an online marketplace that connects small
business owners with the best funding provider for their businesses. Fundera works
with hand-picked, prescreened lenders to assemble the highest quality funding
sources for small business owners and ensures borrowers receive fair terms and rates
QED Investors, SV Angel, First Round,
on each loan. Displays term loans on the basis of data analysis of merchant's payables
Khosla Ventures, Lerer Hippeau
and receivables through accounting softwares such as Xero and QuickBooks. The $15M
Ventures, BoxGroup, Susquehanna
company was co-founded in 2013 by GroupMe co-founder Jared Hecht, successful
Growth Equity
software entrepreneur Rohan Deshpande and seasoned entrepreneur Andres Moran
to bring transparency to the lending process. Angel investors Strauss Zelnick, Rob
Wiesenthal, David Rosenblatt and David Tisch also participated in the seed round. Has
Secured $12M In Funding For More Than 300 Small Businesses as of Feb 2015.
Sindeo [San Francisco, 2013]: Sindeo is a lead generator platform for mortgage loan
providers. It provides many services to consumers, looking for mortgage loans, such
as information on mortgage loans, consumer's readiness, personalized action plan,
approval and qualification, and closing formalities including document aggregation
$12.05M RenRen Games
and closing. It has a marketplace for various nationalized and specialty lenders
providing comparison on price, closing formalities, time etc. Sindeo charges a fee
from the lenders as lead generation fee. Its investors are Renren, MMO Holdings,
New Ground Venture and Endurance.

Aggregators (2/28)
New England Funding Technologies, LLC [Newport Beach, 2014]: NEFT is a fintech
company focused on developing cloud based consumer credit solutions. It has
developed 'MPower Credit' which is a consumer credit platform, facilitating direct and $10M
real-time communication of the consumer with the existing network of lenders,
creditors, credit bureaus and retailers.
LoanHero [La Jolla, 2014]: LoanHero is a loan origination marketplace that brings
together customers, merchants, and loan products and services providers. Using
LoanHero's technological infrastructure, customers can check their credit rating and
gain access to loans and services providers. Merchants can sell their products quicker $4.2M Mucker Capital, Alsop Louie
if they partner with LoanHero as their consumers get the availability of financing
options. The platform received debt financing commitments worth $20 million in
June, 2015.
Alltuition [Chicago, 2010]: Alltuition is an online search engine that enables collage
Kapor Capital, Excelerate Labs,
students to find sources for financial aid. It tracks student loan providers to help
$4.02M Pritzker Group, Sandbox Industries,
students find the best loans they are eligible for and to understand the real cost of
Hyde Park Angels
borrowing.

Aggregators (3/28)
Nail Your Mortgage [Chicago, 2009]: Nail Your Mortgage’s (NYM) proprietary solution
allows borrowers and lenders to interact in a completely open, transparent electronic
marketplace. This marketplace supports the delivery and closing of mortgage loans
for both property purchases and refinance transactions. The company is more than a
lead generation tool for lenders or a pricing engine for borrowers/brokers and it does
not function as a loan broker/intermediary in the traditional sense. NYM’s technology
is running in a live production mode. The platform was opened to borrowers and
$3.1M
lenders in May 2011. Multiple lenders present their loan products on the NYM
platform; when a prospective borrower enters the marketplace to search for
financing options, he/she will always see the lowest wholesale rates available from
NYM’s lenders, unburdened by hidden fees or lending spreads. Lenders can present
their loan products on NYM at no cost, affording a zero customer acquisition cost for
each loan closed. NYM is compensated for enabling transactions through a fixed fee
paid by the borrower when the loan closes.
Funding Options [London, 2011]: Funding Options is an online technology platform
that acts as a match maker between borrowers seeking business loans and numerous
alternative lenders. A borrower can list his details that would usually be filled in a loan
$2.88M GLI Finance, The North West Fund
application and sift through various lenders that will be suitable for his loan
requirement. A business owner can search for various types of loans including
working capital financing.
EVEN Financial [New York City, 2014]: EVEN Financial is a supply side platform for
marketplace lending (P2P) market to help bring more and better quality borrowers Brooklyn Bridge Ventures, Canaan,
into the marketplace lending ecosystem. Its platform uses a data-driven and market- $2.8M Social Leverage, Conversion Capital,
based approach, matching borrowers with the appropriate lender, loan product and Lerer Hippeau Ventures
the borrrowing rate.

Aggregators (4/28)
rateGenius [Austin, 1999]: RateGenius is a multi-state, web-based auto loan
refinance/brokerage company. By hosting a virtual marketplace, rateGenius brings
together qualified borrowers and more than 200 lenders to create financing $2.13M
opportunity for its customers to refinance their loans on cars, trucks, SUVs and
specialty vehicles, such as boats, RVs and motorcycles.
Octane Lending [New York City, 2013]: Octane Lending is a loan application platform
that enables recreational dealers to apply to multiple sources of financing for their
Rider Insurance, Contour Venture
customers simultaneously, without rekeying information, and with a single hard credit $2.12M
Partners, Dreamit Ventures
pull instead of one-by-one with pulls for each application. Signed up 50 dealerships
with a combined 36 stores.
FinanZero [Sao Paulo, 2015]: FinanZero is a marketplace for consumer loans in Brazil.
It is an independent broker for loans, negotiating the customer’s loan with several
banks and credit institutions, to find the loan with the best interest rate and terms for
the consumer. FinanZero handles the lending process from start to finish, with the
customer and the bank fully integrated into its system. It combines aspects of
$1.2M
comparison, lead generation and consumer loan brokerage. It currently provides
vehicle financing options through a bank loan, or loan guarantee vehicle. The
maximum financing amount is 90% of the vehicle, with a maximum term of 60
months. FinanZero has a partnership with Brazil’s largest e-commerce site,
OLX.com.br, that delivers qualified loan applications.
Bayzat [Dubai, 2012]: Bayzat allows users to search and compare banking products
such as Credit Cards, Personal Loans, Home Loans, Auto Loans and Accounts and
Insurance. The platform provides comprehensive information covering all the major
banks in the UAE. In addition, the portal also provides guidance and answers to any $1M BECO Capital
banking-related questions. Visitors can apply for a callback from banks for specific
products, and Bayzat works with the banks to guarantee that visitors are being
contacted.

Aggregators (5/28)
Roadoor [Shanghai, 2009]: Roadoor is an online loan aggregator platform for
consumers and businesses. It has various banks and P2P platforms listed and it
forwards various loan applications to them. The users have to fill a form and thereby $1M INESA Venture Capital, SAIC Capital
the banks and P2P platforms list the criteria and the lending rates to the users. It has
raised Series B round of funding in January 2016.
Lendedu.com [Cedar Rapids, 2014]: LendEDU is an online marketplace for student

loans and student loan refinancing. Borrowers submit an application on the
company's website which then pulls in credit history of the applicant alongside
applicant information such as name, requested loan amount, school, degree, area of
study, email, personal address and social security number to match users with lenders
in real-time. After submission, borrowers are taken to the lender dashboard. On the
Y Combinator, Iowa Startup
lender dashboard borrowers can filter lender matches by interest rate, interest rate $140k
Accelerator
type, term length, and more. The borrower can then finish the application in full on
the lender's website. LendEDU works with all of the top student loan lenders including
SoFi, DRB, U-fi, LendKey, CommonBond, iHelp, Education Success Loans, College Ave
Student Loans, and Upstart. Rates start as low as 2.13% for qualified applicants.
Currently in the most recent batch of Y Combinator, the company had 70,000 unique
visitors to their website in January 2016.
Achieve Lending [New York City, 2014]: Achieve Lending is a portal that allows users
to find and compare multiple loan offers all in one place. The loans can be personal,
business, student, or debt/consolidation in nature. Users need to complete a survey,
$50K
compare loan offers, and choose from among the ones that best meet their needs.
The platform also offers an affiliate program where promoters of the portal can earn
30% commission via referral.
Comparabien [ , 2010]: Comparabien is a financial products comparison website. The

products compared on the platform include personal loans, car financing, credit cards,
$40k Start-Up Chile
real estate financing. They have operations in Argentina, Brazil, Chile, Columbia,
Mexico, Peru.

Aggregators (6/28)
Loandesk [North Sydney, 2013]: Loan Desk provides an online loan matching
platform for borrowers and lenders in Australia. The borrower completes a profile on
the website with specific details post which their requirements are matched with
specific lenders on the platform. The user can then choose the lender they want to
$19K
work with and select the suitable offer. The platform facilitates different types of
business loans including unsecured business loan, equipment financing, fixed term
loan, trade financing, inventory finance, short term financing, invoice financing,
commercial real estate loan and business line of credit.
Loanstreet [Kuala Lumpur, 2012]: Loanstreet is an independent Malaysian loan

comparison website which also provides independent loan advisory service free of
Undisclose
charge. Loanstreet makes it easy to compare all available options and know the Accelerator
d
borrowing eligibility before applying for a loan. With a single application customers
can get offers from multiple banks.
Fluent Money [ , 2008]: Fluent Money is a brokerage firm that help consumer get a
secured loan ranging from £1,000 - £250,000. They do soft search on user's credit
profile initially which does not affect his credit rating. They search their panel of Beech Tree Private Equity
lenders to find the right loan for the user. Once user accepts the loan offer, it will
process the loan application.
financebuddha.com [Bangalore, 2012]: FinanceBuddha allows users to compare and

apply for home loans, personal loan and business loans. Also offers last mile
paperwork help. Finance Buddha which has offices in 12 cities, a team of 200
Chennai Angels
employees and more than 500 business associates, is slated to disburse more than
1,000 Cr loans in FY16. In Feb '16, the company announced pre-series A funding from
Chennai Angels

Aggregators (7/28)
Bizfi [New York City, 2005]: Bizfi is an aggregator platform that offers businesses the
optimal options from various available products in the credit market. From
application, to customizing results, to support and e-signing a contract, the platform
has automated the entire process for the consumer. Bizfi is owned by the alternative Metropolitan Equity Partners,
finance leader Merchant Cash and Capital, a group that has originated over $1 billion Community National Bank, Comvest
in loans. In Sept 2014, it rolled out an application protocol interface (API) and a white
label solution that will allow its partner companies to provide direct lending solutions
to small businesses.
Money Workout [Southampton, ]: The Good Mortgage Company (formerly Money
Workout) is a web enabled service provider working with the mortgage market to
improve productivity and the quality of mortgage business generated. They purchase
and generate mortgage enquiries which matches with the best available mortgage
product in the market. Its service benefits consumers, lead generators and
lenders.They aim to remove 50% of the origination costs for mortgage companies. £1.52M Octopus Ventures
Having initially acquired a lead through either a lender’s own, or a comparator
website, the Company’s online tool properly qualifies the enquiry. The resulting
mortgage applications are then completed and submitted to the lender, delivering
fully qualified leads to lenders at a substantially lower cost than that incurred when
generating leads itself or via a broker
FinanceAcar [London, 2009]: FinanceAcar is a car finance comparison engine for

comparing vehicle finance prices based on car loans, financial options etc. Allows a
Seedcamp, Anthemis Group
user to select their preferred new vehicle by make and model, by budget and/or by
car type and then it tells them the cheapest monthly price to finance that car.

Aggregators (8/28)
MoneyPark [Wollerau, 2011]: MoneyPark mainly focuses on mortgage advisory for
private properties; single family-houses and apartments. MoneyPark can assess your
situation, define a strategy, and find you the best mortgage from out of 70 partners in
Tamedia AG
about one week. It also provides investment advice and pension planning. Has
branches in Zurich, Berne, Baar, Basel, Wil, Baden, Lucerne, Ticino, Solothurn,
Winterthur, Rapperswil, Rheineck, Schaffhausen &; Lausanne.
GetFinancing [Long Branch, 2004]: GetFinancing is an aggregator for point of sale
financing options for a range of $100 to $100,000. It allows consumers to obtain
instant financing from numerous lending sources under the best possible terms, when
making a purchase online at a participating merchant’s website. The participating
lenders range from peer to peer lenders, private lenders/banks to large financial
institutions. Some of the lenders include Lending Club, Avant. The lenders make
settlement with the merchant and customers pay back the installments to the lender.
Simpler Funding [New York City, 2015]: Simpler Funding is an aggregator which
connects startups and small business owners to a number of financing options from
online lenders, crowdfunding platforms and other alternative options. It has referral
arrangements with lenders and whenever a business receives funding from those
lenders, the platform receives a fee.
Valiant [Sydney, 2015]: Valiant is an Australia-based aggregator for business loans. It

helps businesses find suitable lenders for working capital, equipment finance, invoice
financing, purchasing property.
Business Agent [Ware, 2013]: Businessagent is a aggregator of the alternative finance

marketplaces. It lists equity crowdfunding platforms, P2P lending platforms and
business lending platforms. It caters to both investors and the borrowers, listing the
returns and interest rates available on various platforms.

Aggregators (9/28)
BizLender [Lancaster, 2013]: BizLender is an aggregator for small business loans. It
partners with alternative funding companies to arrange funding for business
applicants. Loans are available within a range of $5,000 to $500,000. The business
must be in operation for atleast 3 months and have $10,000 per month in average
monthly sales.
Loanshub [Gurgaon, 2015]: Loanshub.in is a lead generation platform for unsecured

personal loans. Users just have to fill a form and the sales executives will get in touch
with the applicant. Has loan care executives and partners to assist users throughout
the loan application. Partner banks include Citibank, Bajaj Finserv, ICICI Bank, Kotak ,
Fullerton India, Indusind bank, Standard chartered and HDFC.
Ybanking [Warsaw, 2015]: Ybanking acquires customers and sales products of banks.
They transfer the commission received from banks to customers to create viral
marketing. They provide better prices for customers and better economics for banks
by exchanging the cost of sales into benefits for customers. The user can avail loan or
deposit products through their platform, which acts as a connector, however all
agreements/contracts are directly between the banks and customers. The platform
pays bonuses to users, based on their social interactions and friends/family network
on the platform. Ybanking is run by Yfin SA, a Jastrzębie-Zdrój- based joint stock
company.
Rangewell [London, 2014]: Rangewell helps businesses and their advisors find,
compare, and apply for business finance. They have developed and built the first fully
comprehensive and independent map of the business finance market in the UK,
featuring almost 23000 loan products and over 300 mainstream, specialist, boutique,
and online business lenders. Rangewell allows customers to review and apply for all
business finance options in a simple, transparent and easy manner, letting them keep
abreast of all the changes in what is now a fast evolving business finance market.

Aggregators (10/28)
P2P Lending Market [London, 2013]: P2P Lending Market is a UK-based site which
compare P2P lending platforms. The borrowers can choose various P2P lending
platforms to choose the one that suits them. Some of the P2P lending platforms it is
working with include FundingCircle, Zopa, RateSetter, ThinCats, etc.
antoubao.cn [Beijing, 2014]: AnTouBao is an online platform which lists different P2P
lending sites as well as rates and ranks them to guide the users for different investing
platforms for P2P lending. It also enlists the number of people who have invested via
a particular platform and gives an average interest rate return for the lenders.
Welch [Ontario, ]: Welch and company is a team of mortgage brokers to provide

clients with low mortgage rates. Client meets the realtor who supplies offer to
purchase to their team. They will seek approval from lender of choice and ask for
client's approval.
finfind [Durban, 2015]: finfind was developed by the USAID’s Financial Sector
Program (FSP), which supports the accomplishment of the U.S. Government’s
Economic Growth Objective in South Africa. It is a resource for small businesses from
start-up to expansion stages. It contains both private and government funders and
can learn about small business finance, test the state of your finance readiness and
get the list of finance options appropriate to your need.
Borrowize LLC [Los Angeles, 2014]: Borrowize is an aggregator of online lending

platforms. The loan types that can be obtained through this platform include personal
loans, education loans, small business loans. The online lending platforms available
through it include SoFi, Lending Club, Avant, PAVE, Prosper, Upstart, Fundbox. It earns
revenue through compensation from these platforms.

Aggregators (11/28)
Max Credit [Singapore, 2010]: Max Credit provides short term personal loans,
business loans and payday loans. The company has a network of moneylenders who
approve the limit of sanctioned amount that an individual can borrow.
Lendo [Oslo, 2012]: Lendo is an aggregator for consumer loans. Individuals can make
a loan application within a range of 5K to 500K Swedish Krone for 3 to 12 years on the
platform. It platform then distributes these applications to several banks.
FundingTree [Marina del Rey, 2011]: Fundingtree is an aggregator of debt as well as

equity crowdfunding platforms. It collaborates across multiple platforms to streamline
availability of Capital, in a private deal room, designed for online due diligence,
document control, and communication logs. Projects &; deals are verified for accuracy
of information, completeness of due diligence documents &; given a green light
'ready to fund' status prior to presentation. It also provides marketing solutions to
project creators.
Lendo [Stockholm, 2007]: Lendo compares the loan offers and communicate the best
price for the client. After undergoing a credit check, Lendo's customers can obtain
loan offers from multiple banks simultaneously and then choose the one that suits
them best. The service is free of charge to customers and is paid for by the partner
banks. The limited number of credit reports also has a favorable effect on customers'
credit rating.
Smart Comparison Limited [Dhaka, 2015]: Smart Kompare is a platform to compare

financial products - Personal loans, Home Loans, Car loans, Credit Cards and
Insurance. The company is based out of Dhaka, Bangladesh. The platform also offers a
learning center which educates users on personal finances.

Aggregators (12/28)
Freedom Finance [Angelholm, 1999]: Freedom finance is an independent loan broker
which has partnered with several lenders and listed their various loan products on
one platform. Consumer application is reviewed and is shared with lending partners
for bidding. Consumers can then choose the best offer from all available. Only one
credit is recorded at UC and is free to apply. User can apply for personal loans, auto
loans and mortgage.
Credix [Zurich, 2012]: Credix is a mediator that helps user access to the full range of
loan providers in the market through a single loan application. This helps them avoid
unnecessary rejections that affect their credit ratings. Credix will only be
compensated by the financial partners, if user is satisfied as a customer with the loan
offer.
Hypoguide [Zurich, 2013]: Hypoguide is a platform to search and compare offers for
private property financing from various lenders. With their mortgage calculator users
receive individual conditions which take into account their credit and financial
situation. They offer loan products from Credit Suisse, Alternative Bank, Swiss Bank
etc.
Emergency Payday Loans [Houston, 2015]: Emergency payday loans is a platform for
comparing loans offered by a carefully selected panel of leading Payday Loan Lenders
in USA. Once registered, it allows users to access their comparison tools and loan
calculators for free of charges. It is not a direct lender or broker.
Lend Me [Perth, 2013]: Lend Me provide credit assistance to the applicants by

determining the most suitable loan products as per the Preliminary Assessment. They
get commissions from lenders for introducing customers. They currently deal in
mortgage, auto loans, personal loans.

Aggregators (13/28)
Businessfinancecomp [London, 2014]: Businessfinancecomp is an aggregator that
helps UK SMEs find and compare alternative sources of funding. It is part of a fintech
company called Bizfitech. It also offers UK businesses with information and news
related content for business insurance, business banking and business benefit related
topics.
KreditAja [Jakarta, 2011]: Launched by Loan garage of Singapore, KreditAja is an

online platform for borrowers and lenders to conduct transactions, compare loans
and interest rates in Indonesia. In Dec'14, the company was acquired by MoneySmart,
a Singapore based personal finance portal. Post acquisition the website is redirected
to DuitPintar.com, a part of MoneySmart group.
LoanGarage [Singapore, 2012]: Loangarage is a mobile app which is a market place

for the lenders and banks (loan providers). It allows the user to compare the loan
rates available and also show the status of their loan application. Revenue model is to
charge a commission from the lender and none from the end user. Started in
Singapore, Loangarage expanded to Indonesia as well under the name of
KreditAja.com. It is acquired by moneysmart.com for an undisclosed amount.
Lendea [Scottsdale, 2013]: Lendea is an aggregator for unsecured business loans.

Loans can be availed from $5,000 to $250,000 with tenure between 3 and 24 months.
The industries it serves include restaurants, spa, retail, startups, etc.
Silver Rock Funding [Alexandria, 2014]: SilverRockFunding is an aggregator for

business loans. They help busiess with loan application and connect them with
suitable lenders. The amount that business can borrow is within a range of $5,000 and
$500,000 for upto 3 to 18 months.

Aggregators (14/28)
BankCircle [Delhi, 2012]: Bankcircle enables customers to check their eligibility,
compare and apply for personal loans. Offers comparison services for both consumer
and commercial loans. Users get offers from multiple lenders and can compare them
on the platform. Partners include Bajaj Finserv, Citibank, HDFC, Chola, Kotak, DHFL,
Standard Chartered among others.
Sulabhloan.com [Bangalore, 2008]: Sulabhloan.com helps borrowers to find &; apply

for loans online. Users can compare and choose loans from 15+ banks. Associated
banks include ICICI, Axis, SBI, Barclays, HDFC Bank, Punjab national bank among
others.
Thuthukani [Pretoria, 2001]: Thuthukani is a aggregator for short term personal

credit products.
Cred24 [Riga, 2010]: cred24 is a global payday loan, credit, brokers comparison app.
Currently operates in United Kingdom, Poland, Latvia and Lithuania.
Money Loans S.A. [Cape Town, 2013]: MoneyloansSA provides a free loan finding
service giving individuals access to the online unsecured short term personal loans in
South Africa for an amount of upto R50,000..

Aggregators (15/28)
Cash Centre [Johannesburg, ]: Cash Centre is an aggregator of credit products for

salaried employees within a range of R500 - R8000 for upto 6 months.
Salary Advance Loans [ , ]: Salary Advance Loans is a South Africa-based aggregator

for payday loans.
Loansfind [Johannesburg, 2013]: Loansfind is a aggregator for personal loan credit

products. They provide individuals access to online lenders in South Africa that meet
their requirements. They also provide comparison of various lenders.
Fastloans4u [Pretoria, ]: Fastloans4u is a aggregator for personal cash loans and

payday loans. It forwards the loan applications received to the lenders. It loans are
divided into two categories namely, long term cash loans of up to R50,000 with
repayment term up to 60 months and one month payday loans, known also as payday
loans or salary advance loans.
QuickRands [Cape Town, 2014]: QuickRands is aaggrgator for personal loan products
within a range of R500 to R50 000.

Aggregators (16/28)
LAGOS LOANS [SANG] [Lagos, 2012]: LAGOS LOANS is a credit product aggregator for
loans within a range of N100k to N1m for upto 12 months.
KZN Loans [Durban, 2014]: KZN Loans is an aggregator of credit products and deals in
credit within a range of R500 - R25 000 for upto 1 to 36 months. It submits the loan
applications received to KZN-based loan providers.
Indigo Leads [Ukiah, 2015]: indigo leads is a lead generator for lenders wanting
consumer loan leads. These loans include payday, installment, tribal, cash advance,
small dollar, personal. It is a wholly owned lead company of the Guidiville Indian
Rancheria, a Pomo Tribe organized under and governed by the laws of the Guidiville
Indian Rancheria, a federally recognized sovereign nation located within the United
States of America.
Loans [ , 2013]: Loans is a credit product aggregator. They review major lenders and
help individuals to choose right loan for themselves. Its product categories include
cash loans, peer to peer loans, personal loans, short term loans, vehicle finance.
Kenya Loans [Nairobi, 2012]: Kenya Loans is credit products aggregator which
includes secured loans, unsecured personal loans, tenant loans, payday loans, car
loans, laptop loans, other asset-based loans or even the bad credit loans. By
partnering with lenders, they are able to direct the borrower to the best possible
products.

Aggregators (17/28)
Cash Loans S.A. [ , 2013]: Cash Loans S.A. is an aggregator of short term credit
products.
Bad Credit Loans [Cape Town, 2012]: Bad-Credit-loans is a South-Africa based

aggregator for consumer credit products. It assist individuals with personal loans up to
R200,000 for a period of 12 to 72 months.
CompareLend [Paris, 2015]: Comparelend.com is a P2P lending comparator. They

give P2P lending users an overview of the best investment opportunities and loans
specifications. It compares platforms across US, South America and Europe. It to gives
users an online comparison tool to access all the lending and investing possibilities
that will help them in achieving their personal goals, expanding their businesses or
helping others do so. CompareLend.com does not provide a lending or borrowing
service. After the comparison process the individuals will be redirected to the website
of the platform they have selected.
Everest Merchant Funding [New York City, ]: Everest Merchant Funding is a
merchant cash advance and small business loans originator and broker. The range of
cash advance is from R100 000 to R1000000. They direct applications received to
providers with whom we have structured relationships and notify applicants of
funding offers that meet their parameters. Applicants select an offer based on criteria
considered most important to them.

Aggregators (18/28)
Fintura [Darmstadt, 2014]: Fintura is an online lending platform that provides SMB
loans from €10,000 to €10M for a loan tenure of 1-10 years. The loans can be availed
for a variety of reasons such as investment in fleet, machinery and equipment etc.
Andromeda Loans [Mumbai, 1991]: Andromedaloans.com is the web portal for

Andromeda Sales and Distribution. Offers home loan, personal loan, loan against
property comparison, etc. Andromeda operates out of 30 cities in the country and in
its two decades of operations has disbursed loans worth over Rs.8,000 crore per year
and has served more than 2 million customers. Claims to be the biggest financial
distributor in India. Acquired Apnapaisa in July 2015.
Finance Bazaar [Delhi, 2011]: Finance Bazaar is an online platform for users to
compare financial products for free. Provides services for the customers to facilitate
the process with banks.
Maxwell [Palo Alto, 2015]: Marxwell is platform for consumers to to find, compare
and close their mortgage with loan officers. Platform enables homebuyers to upload
their data and loan officers then review anonymized borrower profiles and make
offers for the homebuyer's mortgage, whether it is for a new home purchase or a
refinance.
Purple Home Loans [Truro, 2015]: PurpleHomeLoans is a mortgage advisor covering

the whole of the UK. The company searchs a wide range of mortgage lenders as it is
not tied to one lender.Charge a fee for mortgage advice. Average fee is £495. Also
receive commission from the lender.

Aggregators (19/28)
FindTitleLoans.com [Scottsdale, 2015]: FindTitle loan is a recommendation platform

for auto title lenders. Work with cars, boats, and motorcycle title loans. Users can
search by zip code or by car model to find the title loan offer on their vehicle. The
entire process usually takes less than 30 minutes to complete
ebroker [Sydney, 2015]: eBroker is listing platform that provides a list of lenders for
Australian small businesses owners. Network with 25+ non bank lenders offering Un
Secured business loans from 5k to 500k.
Funda [London, 2015]: Funda is an aggregator of P2P lending platforms thus

providing SME access to capital. It is an app where businesses can connect all their
cards &; accounts.
Cashflow Bridge [ , 2015]: CashFlow Bridge is a lead generation platform for short
term business financing. The company has the relationships with major lenders in the
market. The company find the most suitable lender and put together the best
application possible within borrower's timescales. The lenders pay a commission to
the company for volume business.
CreditSquare [London, 2013]: CreditSquare is a boutique finance broker sourcing

debt finance for established SMEs from alternative, institutional lenders. It is a broker
for small-to-medium-sized UK businesses &; alternative lenders.

Aggregators (20/28)
The Lendster [ , 2014]: TheLendster is an online platform that connects small business
owners with lenders in their region for working capital financing needs. It lets the
business owners upload their information to the portal where they'e connected to the
lenders. Lendster is only a referral network that helps in lead generation and not a
lender or a marketplace.
LoanBaazar [Pune, 2010]: LoanBazaar is an online platform for loan comparison.

Users can search for loans, and get information regarding them (EMI rates, quotes).
Allow users to apply for loans using their platform. Also offers free calculators such as
stampduty calculator and EMI calculator.
MoneyLeo [Mumbai, 2011]: MoneyLeo.com is a loan comparison engine in India,

which allows its customers to transparently compare, anonymously apply and get a
fast response for their loan enquiry from multiple banks of their choice. MoneyLeo
helps consumers make an informed decision, by providing them near-accurate
customized loan quotes of various banks, based on their income specifications. Also,
consumers are connected with banks over IVR to protect their privacy.
The LoanWala [Noida, 2012]: TheLoanWala is an online platform to make
comparative analysis of loan products. Based on the user's inputs, various options in
the desired loan product are showcased to him/her. User then chooses the deal that
best suits him and submits the loan documents to the company. Provides assistance
to get loans like Home Loan, Personal Loan, Business Loan, Loan Against Property,
Education Loan, Corporate loan etc and partners with over 15 banks and NBFCs like
HDFC Bank, ICICI Bank, Axis Bank, SBI, PNB HFL, India Bulls, Religare etc. Also has a
Referral Programme where users can make money every time some one referred by
them gets a loan through the company. Claims to have over 10,000 customers.

Aggregators (21/28)
Loan Yantra [Hyderabad, 2013]: Loan Yantra is an online loan comparison platform
for users to compare and get quotes from various loan providers.
BankUdhaar [Ahmedabad, 2013]: Web platform that offers information about

various types of loan products for customers and enables them to compare them.
Users can browse through various types of loans on the platform, compare the
policies, request for quotes and get expert guidance, profile evaluation and
recommendations from the firm. Also provides an EMI calculator and amortization
calculator on the portal.
Compare Guarantor Loan [London, 2012]: Compare Guarantor Loans, as the name
suggests, provides a portal for users to compare various loan products provided by
several lenders. All loans are Guarantor backed and are neither secured against any
asset nor are they based upon any credit score. The platform is free of charge to users
and offers loan products for upto 12,000 GBP. Compare Guarantor Loans is a trading
style of Affiniti Digital Media Ltd
LoanUncle.org [Delhi, 2015]: LoanUncle.org helps users in comparing loans and

ensure their query reaches the chosen banks. All loans are on discretion of the
respective Banks. The service is completely free for the users and it act as online
advertising platform for Banks. It provides services for both retail and business loans.

Aggregators (22/28)
Ratescanner [Johannesburg, 2014]: RateScanner is an online loan comparison
platform that aggregates various loan products and provides users with the optimal
choice. The platform is available free of charge to users and earns money through
lead generations. The main purpose is to provide people with access to updated,
relevant and transparent information on the various loans available and a platform to
apply for the loan once they have decided on the loan best suited to them. It has a
scorecard system in place to rate each application before submitting it to the specific
financial institution for approval. It only submits scored and approved loan
applications to avoid the submission of unqualified leads.
Payday-Choice [London, 2012]: Payday Choice is a loan comparison platform for

users in need of payday loans. Users need to enter details such as income, expenses,
family history, expected loan terms, and more, and the portal aggregates available
options to the user.The platform affirms to comparing pay day loan products from
over 40 lenders to provide the optimal alternative to the user.
SwitchMyLoan [Perth, 2012]: SwitchMyLoan is a comparison platform where you can

compare lenders offers to see how much money they can save off their current home
loans. The platform is available free of charge to users and connects them to their
bank of preference.
United Finances [San Francisco, 2008]: UnitedFinance is an online loan comparison

portal. The platform aggregates loan products such as personal loans, payday loans,
auto loans, and more, offered by lenders for the benefit of consumers. The platform is
free of charge for the user and gets compensated by loan providers listed on the
portal.

Aggregators (23/28)
CompareHero [Kuala Lumpur, 2013]: Based in Malaysia, Comparehero is an online
platform to compare different financial products such as loans, credit cards,
insurances and also broadband plans. Being founded by the Compareasia's founder
Gerald Elder, It is a subsidiary to Compareasia in Malaysia. The competitors in
Malaysia are iMoney and loanstreet. The revenue model is to take money from the
partnered financial organisations for their listings and recommendations to the end
users.
Bookmybank [Noida, 2015]: Online marketplace platform for instant customised rate
quotes on various types of loans, credit cards. Users can check for their eligibility to
get loans or credit card registration. Customers can shop for various financial products
from multiple banks on real time basis and do self risk assessment at the same time.
Claims that as of Feb '16, the company has 7500 plus subscriber base.
Loan Magik [Mumbai, 2015]: LoanMagik is aims to address the challenges for both,
the customer and the lender in the mortgage and SME space, such as of unguided
eligibility with the use of the profiler tool that helps the customer understand their
loan eligibility. This customer data is then used to generate the detailed profile report
which is shared with the lender as a pre-qualified lead. They have partnered with Axis
Bank, HDFC Bank, SBI, LIC etc.
quikrupee [Chennai, 2015]: Quikrupee.com is an online financial portal catering to

the SMEs and consumers. They aim to ease the process of availing credit from banks
and financial institutions by automating a part of the process. It offers complete
documentation support and hand-holding from application stage to disbursal of the
required facility.
Borrow [London, 2015]: Borrow me is a free online loan finding service that helps
people find the personal loans suited to their needs.

Aggregators (24/28)
Landmark Cash [Los Angeles, 2012]: Landmark cash is an online platform that allows
individuals to apply for Payday loans. After the submission of application, borrowers
are automatically directed to the lenders to cater the people with bad credit.
LendingTree [Charlotte, 1996]: LendingTree, LLC is an online lending exchange,

providing a marketplace that connects consumers with multiple lenders that compete
for their business. LendingTree provides access to lenders offering mortgages and
refinance loans, home equity loans/lines of credit, auto loans, personal loans and
credit cards. Launched in 1998 with headquarters in Charlotte, N.C., LendingTree
also owns and operates LendingTree Loans sm, GetSmart.com, and
HomeLoanCenter.com. The company went public in February, 2000 and was acquired
by IAC in 2003.
CompareKing Group [Warsaw, 2014]: CompareKing is an online marketplace for

competitive loan offers. Consumers can apply for secured and unsecured loans and
receive multiple offers from lenders buy submitting single application.
Lend Me [Manila, 2015]: Lendme is an online platform to submit a loan application to

different lenders/ lending companies. Partnering with different financing companies
and lenders, Lendme provides its customer the suitable lender based on his
requirements such as collateral willing to provide, interest rates and income range.

Aggregators (25/28)
LendersBox [Miami, 2015]: LendersBox is a free business tool enabling small business
owners to access credit fast, secure and completely free of charge. Its business model
is based on advertising and sponsorship revenue paid by lenders. The entrepreneurs
apply on the platform by providing their financial data. The platform assesses their
business eligibility and matches them to the lender with the best repayment rates and
terms. The borrower can then select the offer and receive funds.
Haven Investor [Los Angeles, 2015]: Haven Investor is an online lending marketplace
for alternative financing. It offers P2P lending for businesses, individuals, property,
invoice discounting, crowdfunding for startups and offshore investment
opportunities.
FUNDING XCHANGE [London, 2014]: Funding Xchange provides an online lead

generation platform for business loans. It provides a single application which can
enable borrowers apply for business loans to multiple lenders. It offers various
financing products such as fast business cash, unsecured business loans, secured
business loans, overdrafts, invoice finance, and merchant funding. It has partnered
with multiple lenders to originate and disburse loans.
BorrowBuddi [New York City, 2014]: BorrowBuddi is an online lead generation

platform for personal loans. The company has partnered with lending platforms such
as Lending Club, Prosper, UpStart, Earnest and Circle Back Lending and provides a
comparison of interest rates amongst the partner lenders.
LogicFI [Nashville, 2013]: LogicFi provides a turnkey lending and decision platform to
banks and other financial institutions which are willing to invest on lending
marketplaces. The platform provides application for the borrowers (automates
customer experience), underwriting and decisioning, document management and a
marketplace for lending.

Aggregators (26/28)
Fundastic [Palo Alto, ]: Fundastic provides an online lead generation platform for
business loans. it has currently tied up with some of other financing providers
including SmartBiz, lending Club, Funding Circle. Dealstruck, Fundation and Creditera.
It shows a search option where borrowers can look for business loans and filter by
criteria such as funding timeline, repayment tenor and collateral requirements.
LenCred [Bentonville, 2001]: LenCred specializes in providing unsecured credit lines

to businesses. SOme of its loan products are Business Credit Lines, SBA loans,
Factoring, Equipment Financing, 401(k) Financing and ACH/MCA Financing. It provides
an online platform where it matches the borrowers with the lenders based on
borrower's credit profile and history.
Fundivo [New York City, ]: Fundivo provides an online platform to match business
owners with lenders. The borrower creates an application on the platform and the
algorithm of Fundivo matches the borrower with a potential lender. Once the
borrower selects the loan offer, closing formalities are executed and loans are
disbursed. Its loan products are suitable for a range of business including retail stores,
restaurants, bakery shops, beauty salons, healthcare practices and grocery stores.
Lendvious [New York City, 2011]: Lendivious provides an online lending marketplace
that integrates different lending platforms for various types of loans such as personal
loan and real estate loan. In addition, it also provides SnapInvest, an automated
investment platform, and YieldMaster, a Cash Flow Analyzer to allow mature
investors to test their analytics on hypothetical portfolio.
Touchpoint Lending [Washington D.C., 2014]: Touch Point Lending provides a

platform to enable borrowers receive lending quotes from non-bank financing
companies for business purposes such as expansion, inventory, payroll and
acquisition. The company can facilitate bridge financing for up to $2M, Working
Capital loans for up to $500,000 and Acquisition/expansion loans for up to $15M.

Aggregators (27/28)
Grow Local Project [San Francisco, 2014]: Grow Local Project is a P2P lending
platform focusing exclusively on backing small business owners. It provides fixed rate
loans of up to $300,000 for a tenure between - years. The loans are provided through
Lending Club and originated by Web Bank. It provides business loans for expanding to
new locations, acquire additional inventory, make physical improvements to their
stores and pay off high interest debt.
Onelyst [Singapore, 2014]: Onelyst is an online loan comparison platform for
alternative lending in Singapore. Consumers can compare and select loan offers from
licensed moneylenders across a range of loan products. The user receives up to 10
offers from various moneylenders on the platform after completing the online
application. He/she can then decide to accept the preferred offer or reject the all the
offers. After acceptance the user receives an approval in principle (AIP) from a
licensed lender and the rest of the formalities are done at the lender's branch.
Connect Lending [Chicago, 2011]: Connect Lending is a platform that connects
business owners and lenders to facilitate business loans. It has a proprietary algorithm
matches borrowers, based on an application, to up to 5 investors who are looking to
invest in similar companies. It offers commercial real estate loans, asset based loans,
factoring, equipment loans, merchant cash advance, start-up financing, acquisition
financing, franchise financing, healthcare financing, SBA financing, and Working
Capital.
LendTech Group [Toronto, 2014]: LendTech develops turnkey solutions for lending
platform including automated lead generation, portfolio management and digital
marketing on a mobile and web-optimized platform. Its main product is Storefront
Platform which provides end-to-end lead generation and management solution for
storefront lenders. The platform generates, qualifies, and manages local/national
web-based leads in real-time and helps target leads by state, zip code, age, income,
employment type, pay frequency, payment method, bank account type and loan
amount. It also integrates reporting options that analyse a lender's campaign's key
performance indicators, send SMS and email alerts, and includes tiered pricing models
and support ticketing system..
Aggregators (28/28)
investUP [London, 2012]: InvestUp is a porfolio management service that brings
together several UK based peer to peer investment onto one platform. Investors can
use the services of UP(InvestUp) to organize and co-ordinate all of their P2P
$270K
investment activities on one site, for free of charge. Up does not charge any fee to
investors, it instead charges a fee to the P2P crowdfunding websites with whom it has
Comparison platform for Investors partnered.
Orca Money [Edinburgh, 2015]: Orca Money is an aggregator of P2P lending

platforms which enables investors to compare various P2P lending platforms o make
an investment decision. It receives a referral fee from the lending platforms and so
offers a free service to investors.
Comparison platform for Investors

White-label Platform (1/5)

Insikt [San Francisco, 2012]: Insikt is a US based provider of "Lending-as-a-service"
platform for online lending businesses. It offers white label loan origination and
investment platform that enables any brand to lend to its customers and accredited Peterson Partners, Accelerator
investors to invest in consumer loan portfolios. Its Lendify platforms lets companies Ventures, Kinnevik, Atalaya Capital
$24.3M
build their own online lending business and provide services like credit and risk check, Management, FirstMark Capital,
loan funding and debt service and collections. It also offers investment services like Revolution Ventures
grouping of loans based on their credit score, debt securitisation and borrower
collection and payments on the basis of loans' seniority.
Mirador Financial [Portland, 2014]: Mirador Financial offers a cloud based, white
label "lending as a service" (LaaS) solution that allows companies to start their own
lending platforms. Its solutions are useful for a variety of institutions including Banks,
Nyca, Vesta Corp, Vesta Corporation,
Credit Unions, Non-Profits and Specialty Lenders. Its platform consists of various
$10.1M Core VC, Crosslink Capital, Jump
modules such as Instaforms (electronic application form), APIs (send application data,
Capital, LLC, Collaborative Fund
receive loan pricing and application packages), Risk Tiered Rates, Daashboard
(includes portfolio compliance monitoring, loan auditing, portfolio risk monitoring)
and Decision Intelligence (algorithm based underwriting).
AMP Credit Technologies [Hong Kong, 2009]: AMP Creditech provides a platform
that utilizes data analytics and dynamic loan management functionality to enable
automation in loan origination, repayment and credit monitoring. The platform
consists of 5 core components: Management (customer relationship workflow
management), Targeting (pre-qualification and lead management), Origination
(application processing, credit assessment and sales closing), Servicing (repayment
and risk management) and Reporting. Its platform can be branded and used by banks SBT Venture Capital, Route 66
$5M
and other financial institutions wanting to offer financing to their customers. Ventures
Alternatively it also offers Amplfy Capital which is a direct lender for short term
working capital loans to businesses. In 2014, AMP was recognised by SWIFT as a
‘growth-stage innovator’, selected by Accenture to participate in the FinTech
Innovation Lab Asia-Pacific. AMP currently has operations in Hong Kong, Singapore,
the Philippines, and the United Kingdom – with expansion plans across Asia and
Europe.


CrowdfundingPlatform.com [ , 2011]: CrowdfundingPlatform.com provides white-

label platfrom for debt-based, equity-based and donation-based crowdfunding. It also
offer an administration console that can makes it easy for lenders to manage site and
monitor the payments and disbursements of loans.
CrowdZip [England, 2012]: CrowdZip is a white-label crowdfunding solution provider

which allows individuals, groups and other businesses set up their own funding
platform - be it rewards, equity, lending.
Mipise [Puyricard, 2014]: Mipise provides white-label solution for lending, donation,
reward, equity crowdfunding. It also offers white-label solution for crowdsourcing. It
solution includes dedicated internet platform and mobile applications, marketing
strategy, bank regulation, project leading, technical issues and social networks,
management of fundraising, integration of information system.
White Label Crowd [ , 2014]: White Label Crowd offers white-label crowdfunding
solution. The sectors covered by it include p2p lending, equity, donation and rewards.
It develops all the platforms using the same framework. This means as new features
or compliance measures are developed, they are automatically included. It also
advises its clients on various aspects of their marketing and post-launch strategy, such
as affiliate marketing, targeting investors and borrowers and building brand presence.
Their clients include lending companies like rebuildingsociety, eMoneyUnion and
Invest Next Door.


MyAzimia [London, 2009]: MyAzimia is provides a white-label technology solution for
businesses in the Peer to Peer lending sector. Its products' features include payment
gateway integration, customer database management, loan management and
reporting suite, multi-currency support, lender and borrower reporting management
and borrower repayment reporting.
Prunto [Texas City, 2014]: Prunto is a Lending as a Service company. It offers white-
label lending platform to banks, marketplace lenders and credit unions. Its services to
lenders include turnkey solution and inbuilt regulatory compliance.
Lending.com [New York City, ]: Lending.com is a turnkey, plug-and-play proprietary

lending platform. It platform has originated more $1B of loan volume since inception
and has securitized $530M in loans by December 2015.
Madiston [ , ]: Madiston Plc provides softwares to companies wanting to launch

marketplace lending. Its softwares include various modules like loan origination,
bidding tools, matching tools, loan servicing and information system. It also offers its
crowdfunding engine which includes features such as security control, customer
database management, interfaces for payment systems and credit referencing,
automated transaction processing and loan reporting.
Crowd Valley [San Francisco, 2012]: Crowd Valley offers digital back-office suites for
lending and online investing to financial industry. Its applications consist of Brokers,
Private Equity and VCs, Private and Public Trading, Real Estate, Crowdfunding, P2P
Lending and Wealth Management. Its API provides native support for third-party
services and products including those for AML and KYC, ID Verification, Investor
Accreditation, Credit Scoring, Escrow, Payment and Research.


QCash Financial, LLC [Seattle, 2015]: QCash offers an omni-channel software-as-a-
service application that interfaces with the core financial and banking system of an
institution and enables the financial institutions offer instant approval, short term
credit and small-dollar loans to their borrowers. It offers two products: QCash and
QCash Plus. QCash is a fee-based short-term small-dollar loan. QCash Plus is an
interest-based, higher-balance short-term loan. The platform connects securely
through the cloud to the credit union’s core banking platform to retrieve member
relationship, behavioral attributes and all information required for instant
underwriting, decisioning and funding.
FundersCloud [Los Angeles, 2011]: FundersCloud provides a turnkey, fully automated

platform to lenders involved in merchant cash advance. Its white label platform
enables lenders to import and manage the deals with CRM, choose whether
employees are originators or closers, set their commissions, closing fees etc.
White Label Finance Solutions [Christchurch, 2012]: White Label Financial Solutions
offers solutions for online financial products and lending platforms. It provides out of
the box solutions including white label payday loan website, white label guarantor
loans website, white label peer to peer loans website, white label unsecured loan
website.
Profile Software [London, 1990]: Profile Software provides technology solutions and
services to the Banking and Investment Management industry. Products include
IMSplus, FMS.next, Axia and Mobius Wealth that offer comprehensive coverage for
the business needs of Asset, Fund, Private Wealth and Portfolio Management Banking
and Brokerage Services. Also offers Omni-channel platform for wealth management
and mobile wealth management application that connects to any third party system.


CareCap [Bellevue, 2013]: CareCap is a cloud-based payment platform that
empowers any business to offer flexible direct-to-consumer financing. It lets the
business offer their customer option to pay for the purchase/service over time. It
$519k
retains 3% merchant fee on each payment received from the customer and transfers
the funds directly to merchant. Some of the industries it offers its services include
Payment Plans medical, auto repair, home repair, veterinary, funeral services.

9
Scope of Report
Investment Trend
Who is Investing
Sub Sector Analysis
Useful Links
Company List
Team

Team
Surinderjit Kaur Bhatti Tarun Bansal
Analyst – Fintech Lead Analyst – Fintech

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2 Alternative Lending, June 2016

SECURITY BITCOIN MOBILE COMMERCE SAAS

TECH CONSUMER EDUCATION HEALTHCARE

INTERNET OF THINGS MARKETPLACES EDUCATION IT LIFE SCIENCES

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6 Alternative Lending, June 2016

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Funding Circle Lufax JD Finance WeLab Qufenqi Jiedaibao Pagaya Investments

Renovate America SoFi Avant Harmoney Juzilicai DriverUp Edstart

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Note: The funding includes debt rounds also.

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SoFi SoftBank, Third Point, Wellington, Institutional Venture Partners, RenRen

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Orchard Think Finance ZestFinance

Aggregators Fundera Fundera Fundera

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500 Startups 7 Sequoia Capital 10 Sequoia Capital 6 Institutional Venture Partners 5

Y Combinator 6 First Round 6 Victory Park Capital 6 Blumberg Capital 3

Kapor Capital 5 Matrix Partners 6 Matrix Partners 5 DFJ 3

Barclays Accelerator 3 Khosla Ventures 5 Blumberg Capital 4 First Round 3

CrunchFund 3 QED Investors 5 Khosla Ventures 4 Foundation Capital 3

Google Ventures 3 Collaborative Fund 4 QED Investors 4 Khosla Ventures 3

Peterson Partners 3 IDG 4 Balderton 3 Lightspeed Venture Partners 3

Accion 2 Lightspeed Venture Partners 4 Canaan 3 QED Investors 3

Alpha JWC Ventures 2 Accion 3 Index Ventures 3 RenRen Games 3

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P2P online lending marketplace

Yirendai China- based P2P lending platform NYSE : YRD

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Everline Working capital provider to small businesses in UK.

Prosper Healthcare Online healthcare financing platform

Contigo Financial Emerge Financial Employer loans provider.

BillSAFE Offers invoice payment solution for online purchases

E-commerce company that allows customers to finance

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WHITE-LABEL PLATFORM $40M

Practice Area - Fintech | Analysts: @SurinderjitB Cumulative funding in the sector

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Lufax Kabbage ZestFinance LSQ Credit Sesame Insikt

SoFi Funding Circle Think Finance Fundbox Fundera Mirador Financial

$658M $443M $97M $40M

Avg. Age 2011.7 2012.4 2012.7 2011.6 2011.9 2010.8

# Cos. 700 469 100 88 118 17

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YoY – Total Funding and No of Rounds BM wise Investment

Funding Amount (in Millions)

7200 219 200 6400

3600 77 $3.0B 100 3200

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YoY – Total Funding and No of Rounds BM wise Investment