- Raised $820k funding round, Jun 2019
- Raised $322k funding round led by PipelBiz, Nov 2017
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
Q&A
- What is OurLend's primary business?
- OurLend operates as a person-to-person (P2P) loan platform that uses an algorithm to rate loan applicants and determine interest rates. It targets the non-bank loan, P2P, mortgage, and vehicle markets.
- When was OurLend founded?
- OurLend was founded in August 2017.
- What is the current status of OurLend?
- OurLend is currently inactive, having ceased operations in July 2023.
- How much funding has OurLend raised in total?
- OurLend has raised a total of $1,142,000 across its funding rounds.
- When was OurLend's last funding round and what was the amount?
- OurLend's last funding round occurred in June 2019, raising $820,000.
- Which investor participated in OurLend's November 2017 funding round?
- PipelBiz was a lead investor in OurLend's funding round in November 2017.
- How many employees does OurLend have?
- OurLend has an employee count in the 1-10 range.
- Where is OurLend's headquarters located?
- OurLend's headquarters is located in Tel Aviv-Yafo, Israel.
Team · 2
Sectors & technology
Tags
Full data — links, identifiers, deals & radar signals (jobs, patents, research, more)
External links
| linkedin.com/company/11341793 | |
| facebook.com/OurLend | |
| YouTube | youtube.com/channel/UCm9koOzDloEtOuYzqyldfaQ/featured |
| instagram.com/ourlendp2p |
Identifiers & details
| Founded | 2017-8 |
|---|---|
| Employees (exact) | 4 |
| Status reason | Non Active, Jul 2023 ceased to operate |