Lend-Grow
Online lending marketplace connecting borrowers with local lenders in 28 states
Overview
Raised: $580,412
Rolling Commitments ($USD)
10/31/2020
$6,378
1,284
2019
Financial & Insurance Products & Services
Fintech
B2C
Low
Low
Summary Profit and Loss Statement
Most Recent Year | Prior Year | |
---|---|---|
Revenue |
$10,000 |
$0 |
COGS |
$-10,000 |
$0 |
Tax |
$0 |
$0 |
| ||
| ||
Net Income |
$-24,462 |
$0 |
Summary Balance Sheet
Most Recent Year | Prior Year | |
---|---|---|
Cash |
$9,998 |
$0 |
Accounts Receivable |
$1,000 |
$0 |
Total Assets |
$10,998 |
$0 |
Short-Term Debt |
$25,266 |
$0 |
Long-Term Debt |
$0 |
$0 |
Total Liabilities |
$25,266 |
$0 |
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Founder Profile
Founder Profile: Lend-Grow Co-founders Nish Krishna & Harris Schachter
Financial services are still confusing for the average consumer — despite the availability of information on the internet. This confusion arises in part from the fact that smaller banks and credit unions may have a limited digital presence, if they have one at all. At the same time, these smaller financial institutions often offer better terms on loans than the larger, name brand banks. But if consumers can’t find them, this resource simply goes to waste.
Lend-Grow has created a platform that helps connect borrowers with smaller, local lenders. The company hopes to provide borrowers with more competitive loans while also leveling the playing field for smaller banks and credit unions. We interviewed co-founders Nish Krishna and Harris Schachter to learn more about their vision for the online lending marketplace.
Note: This interview was conducted over phone and email. It has been lightly edited for clarity and length.