Lend-Grow

Neutral
BETA

Online lending marketplace connecting borrowers with local lenders in 28 states

Analytics

Raised to Date: $580,412

Aggregate Commitments $
Platform

Microventures

Start Date

07/20/2020

Close Date

10/19/2020

Min. Goal

$50,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

Convertible Note

Funding Type

RegCF / RegD 506(C)

Series

Seed

Valuation Cap

$10,000,000

Discount Rate

0%

Weekly Commitments $
Status
Funded
Reporting Date

11/01/2020

Days Remaining
Funded
% of Min. Goal

1,161%

% of Max. Goal

54%

Likelihood of Max
Funded
Avg. Daily Raise

$6,378

# of Investors

1,284

Momentum
Funded
Location

Reston, Virginia

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Business Type

Growth

Lend-Grow, with a valuation cap of $10 million, is raising funds on MicroVentures. It is an online lending marketplace that connects lenders and borrowers across 28 states in the US. The borrowers get access to small regional lenders with competitive rates, and the lenders receive strong portfolio growth with qualified leads. Lend-Grow was founded by Nish Krishna, Fred Rubin, and Harris Schachter in 2019. The current crowdfunding round has a minimum raise of $50,000 and a maximum raise of $1,070,000. The funds will be used for business development, internal development, licenses and marketing, and operations. Lend-Grow matched borrowers with loans totaling $15 million in May 2020 and plans to grow to all the 50 states of the US by 2021.

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

Ratings

last updated 10/20/2020

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