WeFinance

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.

WeFinance
Type of businessPrivate company
Available inEnglish
Headquarters
San Francisco
,
United States
Founder(s)Eric Mayefsky
Willy Chu
URLwww.wefinance.co
CommercialYes
Current statusActive

The platform is compared to Kiva or Kickstarter [1] since it focuses on stories and relationships over credit scores.[2]

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.[3]

WeFinance has raised capital from 500 Startups,[4] Stanford's StartX,[5] and Graph Ventures.[6]

References

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