Ledge is a mobile lending platform that solves the pain of borrowing from family and friends, presenting a new financing alternative for millennials who are opting out of using credit cards and have embraced the sharing economy. Ledge is the only P2P lending platform that works with Venmo, enabling a simple and automated user experience around fundraising, lending, and repayment.
Borrowing through Ledge is as simple as creating a campaign, setting your terms, and sharing it with friends through the apps you use everyday. Friends can pledge money to your campaign without downloading the app, and they are only charged when you reach your campaign goal. Pledges are automatically transferred to your Venmo account once you reach your goal and fund your loan. Ledge keeps track of your loan balance and repayment is automatic, so you can focus on what's important -- being friends.
MGMT Team has had 2 exits for $130M with backgrounds in payments, analytics and social mediaDecember, 2015
Over 2,700 installs with virtually no marketing budget and $9,000 in campaigns funded within 30 days of launchNovember, 2015
Signed first lender affiliate agreement with Credit ShopDecember, 2015
Only company to close agreement with Venmo in the P2P lending spaceSeptember, 2015
Former executives of Prosper and SoFi joined advisory board and investedOctober, 2015
Featured in Product HuntSeptember, 2015
Official launch with coverage in TechCrunch, Forbes, Lifehacker, CNET, and MashableSeptember, 2015
Raised angel round from Social+Capital, Sky Dayton, and Diego BerdakinFebruary, 2014