WeFinance
| Type of business | Private company |
|---|---|
| Available in | English |
| Headquarters | San Francisco, United States |
| Founder(s) |
Eric Mayefsky Willy Chu |
| Website |
wefinance |
| 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
- ↑ http://techcrunch.com/2015/04/07/wefinance-offers-a-crowdfunded-alternative-to-student-loans-and-more/
- ↑ http://techcrunch.com/2015/04/07/wefinance-offers-a-crowdfunded-alternative-to-student-loans-and-more/
- ↑ https://www.edsurge.com/news/2015-04-24-how-you-can-plan-to-pay-for-college
- ↑ http://reactorcore.com/wefinance-launches-reactor-core-funding-page/
- ↑ http://500.co/startup/wefinance-2/
- ↑ http://startx.com/companies
- ↑ https://angel.co/graph
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