- What is Backed's primary business?
- Backed is an online lending platform that provides loans to borrowers who can add a co-signer (backer) to their application to improve qualification or reduce interest rates. The company uses a machine-learning underwriting algorithm to assess risk.
- When was Backed founded?
- Backed was founded in October 2014.
- What is Backed's current operational status?
- Backed is currently inactive and ceased to operate in May 2019.
- Where is Backed headquartered?
- Backed is headquartered in Tel Aviv-Yafo, Israel, with an additional office in New York, USA.
- What is the total amount of funding Backed has raised?
- Backed has raised a total of $3,000,000 USD.
- When was Backed's most recent funding round and who were the investors?
- Backed's most recent funding round was in January 2017, raising $1,000,000 USD with investment from Harel Insurance & Finance.
- Who were the investors in Backed's December 2015 funding round?
- In December 2015, Backed raised $2,000,000 USD from investors including Cyhawk Ventures.
- What is Backed's employee count?
- Backed has an employee count in the 1-10 range.
- What technologies does Backed utilize?
- Backed utilizes technologies such as Platforms & Interfaces, Web, Artificial Intelligence, and Machine Learning.
