Lenmo On SeedInvest

Republished By Plato

Followers: 0

Analytics

Raised to Date: $0

Aggregate Commitments $

Total: $' + total_amount_formatted + '

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Platform

SeedInvest

Start Date

10/03/2019

Close Date

11/29/2019

Min. Goal

$25,000

Max. Goal

$1,070,000

Min. Investment

$1,000

Security Type

Equity - Preferred

Funding Type

RegCF / RegD 506(C)

Valuation

$10,000,000

Rolling Commitments $

Prior period: $' + weekly_amount_formatted + '

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Status

Not Funded

Reporting Date

11/24/2019

Days Remaining

Not Funded

% of Min. Goal

% of Max. Goal

Likelihood of Max

Not Funded

Avg. Daily Raise

Momentum

Not Funded

Location

Industry

Financial & Insurance Products & Services

Tech Sector

Lenmo, with a pre-money valuation of $10 million, is raising crowdfunding on SeedInvest. The lending platform of Lenmo allows businesses, financial institutions, and individuals to invest in the small-amount loan market. Thus, it provides platforms for both investors to make short-term investments with high returns, and borrowers to get small amount of loans. Lenmo was founded by Mark Maurice, John Hakim, and Kyo Kim and has raised $430,000 in a previous round of funding. The current round of crowdfunding has a minimum goal of $700,000 and a maximum goal of $3,000,000, and the proceeds will be used for marketing, legal expenses, software and services, data partnerships, and salaries. Lenmo has more than 90,000 registered users, with an average monthly growth rate of 60%. Over $1.2 million of loans have already been originated on the platform, with 40 businesses signed-up and 75 more in the pipeline.

Source: https://www.crowditz.com/2019/10/lenmo-on-seedinvest/

Time Stamp: October 3, 2019