Hundy on StartEngine

P2P Microloans for America's New Middle Class

Raise to date: $107,000

Reporting Date: 12/08/2019

Key Stats

Minimum Raise

$10,000

Maximum Raise

$107,000

Likelihood of Max Exceeded
Start Date

09/11/2019

Stop Date

12/05/2019

Days Remaining

Closed

Security Type

Convertible Note

Investment Minimum

$100

Deal Type

Deal to Watch


Investment Summary

Status

Confirmed Closed

# of Investors

263

% of Minimum Raised

1,070%

% of Maximum Raised

100%

Dollars Per Day to Reach Max

N/A

DPD* Committed

$1,259

DPD* Category

$228

DPD* All Companies

$1,441

Kingscrowd Momentum

$107,000

Total Dollars Raised

Commitments

Weekly Commitments ($)
Aggregate Commitments ($)

SEC Filing Data from Kingscrowd

Hundy, with a valuation cap of $4 million, is raising funds on StartEngine. The company helps America’s middle-class people to take small amounts of peer-to-peer loans through their mobile app. Hundy allows people to bypass the time-consuming bank channel and use their creditworthiness to avail small loans. The application rewards both borrowers and lenders through a point system. Hundy was founded by Pete Budlong and Ram Hegde in 2016 and has raised more than $500,000 from friends, family, and angels since its inception. The current crowdfunding round has a minimum goal of $10,000 and a maximum goal of $107,000. Hundy already has a 97% active borrower retention rate and has had 3,500 loans originated from its platform with a total loan volume of $350,000.

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