WeFinance

WeFinance is a technology-enabled platform headquartered in San Francisco, which 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.

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

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] Stanford's StartX,[5] and Graph Ventures.[6]

References
  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. "StartX". startx.stanford.edu.
  6. "Official website". angel.co. Retrieved November 3, 2019.
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