| Type of business | Private company |
|---|---|
| Available in | English |
| Headquarters | San Francisco , United States |
| Founder(s) | Eric Mayefsky Willy Chu |
| URL | www |
| Commercial | Yes |
| Current status | Active |
WeFinance is a technology-enabled platform headquartered in San Francisco, that connects lenders with borrowers. The platform allows borrowers to pick their own interest rate, length, and other terms.[1] Typical loans are non-restrictive and can be used for educational expenses, tuition refinancing, coding bootcamps, or moving.
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
- 1 2 "WeFinance Offers A Crowdfunded Alternative To Student Loans And More". April 7, 2015.
- ↑ "How You Can Plan to Pay for College - EdSurge News". EdSurge. April 24, 2015.
- ↑ "Coding Bootcamp & Software Engineering Course". Hack Reactor.
- ↑ "WeFinance".
- ↑ "StartX". startx.stanford.edu.
- ↑ "Official website". angel.co. Retrieved November 3, 2019.
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