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WeFinance

From EverybodyWiki Bios & Wiki

WeFinance
Type of businessPrivate company
Available inEnglish
Headquarters
San Francisco
,
United States
Founder(s)Eric Mayefsky
Willy Chu
Websitewww.wefinance.co
CommercialYes
Current statusActive

WeFinance is a technology-enabled platform headquartered in San Francisco, that connects lenders with borrowers. The platform allows borrowers to pick their own interest rate, length, and other terms.[1] Typical loans are non-restrictive and can be used for educational expenses, tuition refinancing, coding bootcamps, or moving.

The platform is compared to Kiva or Kickstarter[1] since it focuses on stories and relationships over credit scores.[2]

In 2016, WeFinance partnered with Reactor Core, the parent company of Hack Reactor and MakerSquare, to create a platform where graduates can lend to incoming students.[3]

WeFinance has raised capital from 500 Startups,[4][5] Stanford's StartX,[6] and Graph Ventures.[7]

References[edit]

  1. 1.0 1.1 "WeFinance Offers A Crowdfunded Alternative To Student Loans And More". April 7, 2015.
  2. "How You Can Plan to Pay for College - EdSurge News". EdSurge. April 24, 2015.
  3. "Coding Bootcamp & Software Engineering Course". Hack Reactor.
  4. "WeFinance".
  5. "Finxocap". Financial guidelines.
  6. "StartX". startx.stanford.edu.
  7. "Official website". angel.co. Retrieved 2019-11-03.



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