About
OurLend is a person-to-person (P2P) loan platform based on an algorithm that generates a rating for the loan applicant. According to certain criteria, the algorithm automatically chooses the best interest rate for both sides. The loan approval process is backed by a company that conducts a financial history examination of the loan applicant. On the basis of the results, it decides whether to approve or reject the loan offer. There is also a security fund, and a law firm closely accompanies the loan repayments in order to reduce delays in repayment. The platform targets the non-bank loan, P2P, mortgage, and vehicle markets. OurLend was founded with the support of Pipelbiz, an equity crowdfunding platform aimed at matching small businesses with investors.
Funding history · 2 rounds · $1.1M total
Company Intelligence Q&A
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- What is OurLend's primary business activity?
- OurLend operates as a person-to-person (P2P) loan platform that uses an algorithm to rate loan applicants and determine interest rates.
- When was OurLend founded?
- OurLend was founded in August 2017.
- What is the current operational status of OurLend?
- OurLend is currently inactive, having ceased operations in July 2023.
- Where is OurLend headquartered?
- OurLend is headquartered in Tel Aviv-Yafo, Israel.
- How much funding has OurLend raised in total?
- OurLend has raised a total of $1,142,000 through equity crowdfunding rounds. For a full financing history, refer to startupim.
- Which platform supported OurLend's initial funding?
- OurLend was founded with the support of Pipelbiz, an equity crowdfunding platform, which also led its first funding round in November 2017.
- What is OurLend's employee count?
- OurLend has an employee count of 4.
- Who are the founders of OurLend?
- OurLend was founded by Yuval Shalev and Yaron Mor.