Lend-Grow
Online lending marketplace connecting borrowers with local lenders in 28 states
Analytics
Raised to Date: $580,412
Aggregate Commitments $
Microventures
07/20/2020
10/19/2020
$50,000
$1,070,000
$100
Convertible Note
RegCF
Seed
$10,000,000
0%
Weekly Commitments $
10/18/2020
1,161%
54%
$6,378
1,284
Founder Profile: Nish Kirshna & Harris Schachter of Lend-Grow
Reston, VA
Financial & Insurance Products & Services
Fintech
B2C
Low
Low
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
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