What is Lenddo?
What is Lenddo?
Our mission is to help you improve your life!
Lenddo is the world's first online platform that helps the emerging middle class use their social connections to build their creditworthiness and access local financial services.
By combining community-based microfinance techniques with social media data, Lenddo is pioneering a new approach to serve the underbanked. We believe that the willingness of your community to vouch for you, coupled with data about how you behave online, can unlock opportunities to access much-needed financial services.
If you are active on social networks and need a life-improving loan now or in the future, Lenddo is the community for you!
What do we do?
Lenddo's community members can use their reputation on social networks such as Facebook, Linkedin, Twitter and Yahoo! to obtain life-improving loans, to use for education, healthcare, home improvement or a small business.
The process to apply for a loan with Lenddo is fast, easy and with the least amount of bureaucracy possible.
If you are thinking about applying for a loan, please remember:
- Be transparent. The more information and data sources you can provide, the better we can understand how to measure your creditworthiness.
- Be honest. We verify the information you submit against both private and public sources - we will be able to identify inconsistencies in the data you provide and the consistency of that information will impact your score.
- Be engaged The more people on the Lenddo platform that will vouch for you, the better we can understand your creditworthiness. A large and strong trusted connections speaks a great deal about you.
About the Company
Founded in 2011 by Jeff Stewart and Richard Eldridge, the Lenddo community has tens of thousands of members in over 35 countries and member growth continues to double every 60-90 days. Other members of the Senior Management team include Chief Scientist, Dr. Naveen Agnihotri and Americas CEO, Dan Gertsacov. Lenddo has offices in Manila (Philippines), Bogotá (Colombia) and New York City (USA).
Lenddo's investors include Accel Partners, Blumberg Capital, Omidyar Network, iNovia and Metamorphic Partners - some of the same investors behind the world's top technology companies, from Facebook and Groupon to Kiva and Prosper.
Lenddo helps all of our members with financial education and we currently provide loans in Colombia, Mexico and the Philippines, with more products and countries coming soon.
Lenddo was born of the following principles:
People are by nature responsible and trustworthy. We believe people are creditworthy, until they provide reason to prove us wrong.
The emerging middle class is highly motivated, hardworking and will be very successful, especially with access to credit through Lenddo.
By helping people, we can create relationships beyond financial transactions and build a global community that encourages goodwill and trust.