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Ledge

Ledge

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Company Overview

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.

Traction

  • MGMT Team has had 2 exits for $130M with backgrounds in payments, analytics and social media

    December, 2015
  • Over 2,700 installs with virtually no marketing budget and $9,000 in campaigns funded within 30 days of launch

    November, 2015
  • Signed first lender affiliate agreement with Credit Shop

    December, 2015
  • Only company to close agreement with Venmo in the P2P lending space

    September, 2015
  • Former executives of Prosper and SoFi joined advisory board and invested

    October, 2015
  • Featured in Product Hunt

    September, 2015
  • Official launch with coverage in TechCrunch, Forbes, Lifehacker, CNET, and Mashable

    September, 2015
  • Raised angel round from Social+Capital, Sky Dayton, and Diego Berdakin

    February, 2014

Testimonials

Andy Carra
Andy Carra
Co-Founder at SoFI
"Ledge is providing an innovative mobile-first solution for millennials to get started on the credit ladder. They are expanding the boundaries of what's possible with digital money APIs, and I'm excited to be advising them on their platform strategy."
Brad Lensing
Brad Lensing
Former CMO at Prosper
"Ledge has flipped the traditional lending model to make financing friendly and accessible for the debit generation, seamlessly incorporating the platforms and services that millennials rely on to communicate, share, and transact with friends."
Adam Neff
Adam Neff
CEO
"Ledge is a millennial-focused crowdfunding platform that lets you borrow from your friends and family, simply and securely from your phone. We are closing this round in 10 days so this is the last chance to invest at these terms before we open up our A round."
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