This article showcases Startup Pill’s top picks for the best Lending startups. These startups are taking a variety of approaches to innovating inside of the Lending industry and around the world. They are all exceptional startups well worth a follow.
We tried to pick companies across the size spectrum from cutting edge startups to established brands.
We selected these startups for exceptional performance in one of these categories:
- Innovative ideas
- Innovative route to market
- Innovative product
- Exceptional growth
- Exceptional growth strategy
- Societal impact
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Top Lending Startups
Founded in 2019 by seasoned fintech entrepreneur Bhavik Vasa and Tech & Ops veteran Amit Srivastava and headquartered in Mumbai, GetVantage is India & Southeast Asia’s first fintech platform providing fast, affordable, revenue-based financing to online brands. GetVantage makes data-driven investments that range from INR 20 lacs (USD25k) to INR 2 crores (USD 250k) to help digital brands unlock their growth potential.
GetVantage has quickly built a powerful ecosystem of strategic partners to provide business owners with the solutions (capital, business solutions, insights) they need to optimize, scale, and grow.. .
More than half of Canadian and US residents live on less that $15,000 per year in retirement. Only 3% achieve at least $60,000.
Planswell can improve this by providing everyone with enthusiastically satisfying financial planning experiences for free. Everyone wants to know when they can retire, how much they’ll have, and if they are contributing properly right now.
They gain these insights and more for free, in three minutes.. .
Nude helps first-time buyers save for and purchase their first home. Set a target, then get personal insights and lifestyle tweaks to knock months or even years off your goal – without ruining your social life.
We’re rebuilding the home-buying experience to make it easier and more enjoyable than ever before. From saving that first £5, to sending champagne to celebrate on move-in day, we guide you all the way.
You’ll have your keys in no time. Our ambitions are large and global, including applying for a banking licence to launch Nude mortgages and to support people through all of life’s big moments, like weddings, children’s accounts and retirement too..
Built on our award winning Credify idX secure data bridging technology, serviceX empowers enterprises across a broad range of industries, from banking to e-commerce, with the ability to target users of complementary services with deals that dynamically reflect users’ profiles and willingness to share their verified personal information during the onboarding process. Unlike traditional lead origination platforms, serviceX strikes the perfect balance between the growing need for data-driven leads and the highest level of user privacy and control, creating the most ethical lead generation system possible.
We help companies in Japan and Southeast Asia lower their client acquisition costs by up to 75% while at the same time giving them secure and compliant access to a data sharing market that is estimated to reach $370bn by 2023. Adopting serviceX, these institutions are introducing a step-change in the way they generate new leads for their services, giving users peace of mind that their information is safe as they control all aspects of how, what and with whom it is shared for access to the best-fit deals..
Click Cash is a mobile App that simplifies the complicated and bureaucratic process of personal unsecured lending to individuals. Available on Google Play Store for Android devices, the app uses BigData and Open Banking for a new approach to personal finance, enabling secure and reliable microcredit to financially underserved people, in addition to financial education to help them make the best use of the new credit options that are now opening for the general public. Based out of São Paulo (Brazil), the Fintech startup was originally idealized by Estonian entrepreneurs that saw in Brazil and Latin America the opportunity to develop their solution.
Key founders bring 15+ years of experience in online lending in Europe and were founders of Amarbank in Indonesia in 2014, which made IPO in January 2020. In 2019 it was estimated 45M unbanked and 65M financially underserved, but active and connected people, in Brazil alone.
A group that has a financial activity of more than U$154 billion / R$ 800 billion per year, and a huge unmet demand for microcredit. Click Cash offers, in a 5 minutes process, from 100 USD to 1.000 USD loans to be paid back in up to 12 months. Flexible and adapted to the new digital economy, we work with other Fintechs and traditional banks alike, using the most advanced technologies in Data Analytics and Mobile Security, i.e: facial recognition and device behavioral analytics, as well as financial history, that enables us to run a full credit analysis in seconds creating personalized offers per user.
The Click Cash App was officially launched in March 2020, and by August had +150K downloads and reached Top 5 in finance Apps in Brazil, with 4+ stars rating in Google Play Store and more than 9.5M USD / 50M BRL in received applications.. .
Atomic Loans is a protocol for bitcoin and crypto-backed loans on your terms, without middlemen. By extending atomic swap technology, Atomic Loans enables users to interact with trustless, cross-chain debt agreements.
We use the functionality of the native Bitcoin and Ethereum blockchains to enable lending without requiring customers to delegate trust to centralized custodians, ensuring their funds will never be stolen or seized.. .
Jeff is a personalized loan broker that matches borrowers and lenders through alternative data. Jeff’s mission is to help the unbanked to access financial services.
In the absence of credit history and bank transactions, Jeff gathers alternative data from sources like smartphones, social media, behavioral patterns, geolocation, and other types of digital footprint. Jeff then puts this information to good use and find ways on how alternative data points can prove creditworthiness and build trust, building new ways of accessing financing and evolving an alternative credit score.
The company was founded in 2019 and is located in Riga, Latvia.. .
Dinie provides flexible, convenient and easy-to-use financing solutions for small businesses. Through our end-to-end lending API, we enable digital platforms (marketplaces, Saas, ERPs) to offer instant credit to their customers to help them grow their businesses.
As more companies incorporate financial services into their existing product offerings, we look forward to enabling the huge market opportunity of next generation embedded banking services. Dinie was founded by two serial entrepreneurs, Suzy Ferreira and Andrea Burattini (at age 27 sold her first Fintech to Accenture in 2013).
Dinie has also Kris Lembke as Co-Founder & CTO (+10y in tech & payments) and Vinicius Cibim as Co-Founder & CFO (+10y in finance & fintech). Dinie counts on highly experienced angel investors like Rita Liu (Ex.
CEO Alipay Europe), Sergio Fogel (Co-Founder of dLocal), Benjamin Gleason & Thiago Alvarez (Founders of GuiaBolso), Markus Rinderer (Founder of PAY.ON), Alexander Muller (Founder of Kreditech) and Matthias Setzer (Global Payments Director at Facebook, and previously at Paypal & Naspers).. .
As the world economy becomes more volatile, Biteris creates ways to circumvent poverty. Essentially, our digital tokens can be used by anyone anywhere around the world to invest, reinvest or receive funding for a project or business idea.
Ultimately our crypto-tokens are converted from fiat currency into an investment tool that anyone in the world can have access to. Biteris not only funds businesses and real estate projects, but also grants funding for education and social projects that create sustainability for the general public can be offered..
Jungle is a payment method that enables the unbanked consumers to buy now and pay later without a need for a credit card or a credit history. Jungle lets you shop for your favorite purchases in monthly installments without a need for a credit card.
Jungle is a payment method that enables consumers to buy now and pay later.. .
Digital Lending Capital Corporation
Full-Service Institutional-Grade Prime Brokerage for Digital Asset Management. DLCC offers full-service Prime Brokerage solutions for digital assets.
Our all-in-one user interface leverages both API and Saas product offerings to connect clients with a growing network of liquidity providers to transact, borrow, and lend digital assets, and manage collateral. Our product suite also offers traditional Prime Brokerage services, such as consultation and capital introduction..
It is estimated that the global credit gap for SMEs – owned by women – amounts to USD 300 billion per year. Mujeres Wow, our B2B2C platform, aims to solve this credit gap in an innovative way, leveraging the concept of female empowerment.
In this regard, Mujeres WOW is aimed at female entrepreneurs interested in accessing loans to accelerate their ventures. Our platform uses an algorithm that analyzes the social reputation of the applicants and creates a credit rating based on related parameters.
This credit rating is then used by financial institutions to provide affordable loans. In our app, it is precisely women who qualify other women on particular metrics (reliability, collaboration, punctuality, etc.) according to their role as friends, neighbors, clients, mothers, colleagues, suppliers; thus creating a Women-to-Women community..
REINNO is a financial technology company which offers real estate tokenization and lending services that bring unprecedented leverage and liquidity to investors. Our offering allows using tokenized real estate as loan collateral and provides a paperless, hustle-free and quick access to cash.
REINNO’s easy-to-use platform enables users to deposit tokens and receive funds instantly. We are destroying the limitations set by lock-in periods by letting our clients access the value of their investments in just a few clicks..
Quanloop is an investment fund dedicated to wholesale funding. We attract capital from investors like you and act as the main source of financing for our commercial finance intermediary partners, such as leasing or factoring companies, crowdfunding platforms, etc.
We apply a unique business model by sourcing money for only 24 hours and splitting the capital in need into a myriad of tiny credit agreements, each valued at €1. Every day, our partners source capital from Quanloop by introducing projects (loans, assets, etc.) they wish to finance.
Following a strict filtering programme, we accept the projects for wholesale funding and prepare to pool funds from our investors. The projects being financed by Quanloop act as collateral for the money borrowed from you and other investors.
To avoid complex legal structures for collateral management, Quanloop pledges its capital to investors — so each Euro you invest is covered by a weighty portfolio which is under our management. Put simply, we borrow €1 from you, combine it with other investors’ money and lend it to our customer.
The next day, we take €1 from your fellow investors and refinance yours. Each time we borrow money to finance a project, we add an underwriting reserve of our own money.
That adds an extra liquidity layer to avoid you being unable to exit the next day. Although it should be impossible, in case we lack liquid funds to refinance your Euro, you earn an extra 2% for staying longer.
Seven Seas Funding
Seven Seas Funding is a Non-Bank Financial Service helping small businesses get fast access to cash, funding, small business loans and advances. we cater to all types of businesses and have an array of different loan options.
We’re here when your bank isn’t.. .
Pigeon Loans is a peer-to-peer lending platform that facilitates loans between family, friends, and loved ones. The platform provides their users the ability to generate legal contracts, make online payments, store loan documentation, enable automatic bank withdrawals, and make international transactions, all in an easy to use interface.
Pigeon Loans was founded by Brian Bristol and Anna Matilde Tanga in 2020 and is based in San Diego, CA, USA.. .
A virtual bank, money transfer and P2P lending beyond the borders on the blockchain. Helping 100 of millions of bank and unbanked people in Latin to get access to the banking and lending system and also make a quick profit while lending to the people in their neighborhood with trust.
The first quick approved microloans without any documentation. A network builds by people for people..
CrowdfundNC is an investment crowdfunding platform that provides syndication services. Syndication provides access for newer investors to invest alongside experienced investors in regional ventures they find attractive.
CrowdfundNC supports growing the economy in the southeast. Their marketplace facilitates a community of investors, founders, and entrepreneurial partners who invest and grow together..
An online platform that enables users to turn their valuables into money through obtaining a loan or a sale. We will be Hong Kong’s first mobile application provider that allows users to borrow money using their valuables from where ever they are, through our pawnshop and secured money lending partners nearby.
Users can also opt to sell their valuables through our marketplace platform.. .
LiUU (from “Lift Us Up“) was created with one goal: to save as many businesses as possible from the moment of crisis they are experiencing, by providing them with an innovative way to collect funds when they need it the most. We want to achieve this by tapping into that sense of community that normally surrounds the small and local businesses.
Together, we can overcome these dark times, and prepare for future successes. For this reason, we have created the first crowdliquidity platform in the world: so that those who have not been hit by the crisis can help those who have been hit the hardest.
In a simple and transparent way.. .
Instacash is a lending marketplace that uses preauthorized credit cards as collateral. For investors, this minimizes risk while maximizing returns.
For borrowers, this allocates loans instantly at an affordable rate. Using Instacash, investors decide how much they want to invest by allocating money into a secure digital wallet.
This gives investors a set interest rate of return. All repayments will then be deposited into the same wallet and the investor will be able to withdraw their money whenever they want.
Meanwhile, borrowers can set their desired loan amount and loan time frame. After verifying their credit card, the Instacash secure technology will preauthorize the collateral for the loan amount, which will be reduced as long as the borrower continues repaying the loan.
With our immediate peer-to-peer payment service, the money will go directly from the investor to the borrower, with a small commission going to help us continue advancing our platform. Users can track and manage all their operations from any digital device in real time.
With smart contracts, all users’ data and privacy are secure and protected. Instacash applies cutting-edge technology such as machine learning, artificial intelligence, and blockchain to ensure a fast, secure, and reliable platform, allowing you to get money when you need it or make money when you want to invest.
PROBLEM/OPPORTUNITY Interest rates are still really low meaning savings rates are below inflation. At the same time, more and more people have become comfortable with managing their finances online.
These two factors have led to the rise of Alternative Financing and the appearance of a large number of P2P lending platforms. But this boom, in turn, has brought about a very fragmented market, generally with platforms of a local nature, with few products and very different admission requirements for each one, that on occasion prevent investments from foreign investors.
All this makes it very difficult for investors and time consuming, not only to distinguish and value the best opportunities but also to access those, which prevents them from optimizing and diversifying their portfolios. Additionally, all of this must be added to the lack of liquidity that most of these alternative investments have and that makes investors reluctant to these investments due to the absence of a secondary market to provide them liquidity.
Also the platforms have difficulties with internationalization due to language barriers, the type of currency, and the different regulations, and additionally, it takes a lot of time, effort, and money in distribution and communication to explain their products, as well as in marketing to obtain quality investors, and also promoters looking for funding, on their websites. SOLUTION/PRODUCT The solution is a marketplace for P2P lending investment.
A platform of platforms that thanks to deep integration with each of the platforms, allows investors the convenience of investing from a single web and manage their portfolio in a centralized but diversified way. Brickfy’s mission is to make investing in P2P as simple, secure and efficient as possible.
Our service reduces risk through diversification, enables returns and provides easy access to the market In this way Brickfy helps, on one side, the platforms and loan originators to have greater exposure and dissemination of their opportunities, becoming an international sales channel, acting as a reseller of their loans. On the other side, Brickfy helps investors first to select and invest in the best platforms and investment opportunities by providing them with information, ratings, and reviews.
Peer-to-peer business lending and beyond marketplace Why we started this business? As many current startups started, our CEO was involved in financing with banks when worked for different companies in the financial roles (FD/CFO) and was always time consuming with a very long list of documents required. In other cases, for example when you work as a self-employed person or as a manager of a smaller firm you invoice larger corporations on their terms (e.g.
payment within 60 days) and you need to pay your expenses timely. The simple question, why you cannot get a prepayment to cover your expenses which occur today when you already performed services / delivered goods? For example, in Luxembourg a self-employed consultant can only go to a bank and it is not clear whether (s)he would get money before the invoice is paid.
From the other side, there are always people ready to invest free money, and looking at the example of the above mentioned invoice payable in 60 days, why not to transfer those free money to the small business? And here comes another point – how easy is it to find an investor with funds available for the firm, and a firm willing to get financing at a cost by investor? That is why in modern world with instant access to different markets and information it is quite easy to meet the two willing parties. Our marketplace is organised in order to facilitate the process of standardisation of contracts, different technical features (auction for example), at the same time getting a market offer from different investors.
If the amount is big enough it is quite easy to get funding from practically unlimited number of investors. And the marketplace would help here as well – when receiving the money from the customer/business itself the marketplace takes care of correct allocation of the funds received to all the investors took part in the financing.
#fintech #luxembourg #startup. .
SwyftHomes is a home search platform empowering home buyers, sellers, and their real estate agents with the efficiency that it desperately needs. In the U.S., 48% of real estate inquires go unanswered and oddly enough, agents are paying thousands of dollars to get in touch with these buyers and sellers.
At Swyft, we’ve pioneered a solution that’s going to make home buying and selling what it should be: swift.. .
VestedInterest an income-based student financing option that better aligns the cost of your education with the value you receive. We do that by offering Income Sharing Agreements – in exchange for financing your education, we take a small percentage of future income for a limited time.
The ROI on higher education is becoming more unpredictable for students and the debt burden overwhelming. In particular, the debt burden for professional school students (business, medicine, and law) is growing faster than ever.
That’s why VestedInterest is focused on providing ISAs for professional students (medicine, law, business, etc.).. .
Fitsyn is a robust white-label Debt CRM and Loan Marketplace that provides your customers with real-time results while putting your business at the forefront. Our innovative software empowers your team to shop loan options, and in the event of a decline, pivot to pitch alternative solutions.
Through a seamless and compliant online application process, Fitsyn’s offer wall provides your customers with the loan options available to them so they can make a decision and enroll in a single phone call. Plus, our custom offer tiles allow you to position your offers at the top of the results page, showcasing your brand’s alternative solutions..