WeFinance

WeFinance
Type of business Private company
Available in English
Headquarters San Francisco, United States
Founder(s) Eric Mayefsky
Willy Chu
Website wefinance.co
Commercial Yes
Current status Active

WeFinance is a technology-enabled platform connecting lender with borrowers, headquartered in San Francisco. The platform allows borrowers to pick their own interest rate, length, and other terms.[1] Typical loans are non-restrictive and can be used towards educational expenses, tuition refinancing, coding bootcamps, or moving.

The platform is compared to Kiva or Kickstarter [2] since it focuses on stories and relationships over credit scores.[3]

In 2016, WeFinance partnered with Reactor Core, the parent company of Hack Reactor and MakerSquare, to create a platform where graduates can lend to incoming students.[4]

WeFinance has raised capital from 500 Startups,[5] Stanford's StartX,[6] and Graph Ventures.[7]

References

This article is issued from Wikipedia - version of the 10/10/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.