This report covers lending companies which operate through an online platform and use alternative data points for credit scoring. It also covers ecosystem of companies that enable alternative lending.

2. Alternative Lending Report, September 2016
Tracxn
World’s Largest Startup Research Platform
2

3. Alternative Lending Report, September 20163
Contents
Topic Page No.
Scope of Report 04
Entrepreneur Activity 06
Investment Trend 10
Who is Investing 18
Exit Outlook - IPO, Acquisitions 22
Sub Sector Analysis 25
Interesting Companies 40
Useful Links 53
Company List 55
Team 280

4. Alternative Lending Report, September 20164
Sector Overview
Scope of report
This report covers lending companies which operate through an online platform with little/no physical presence for loan
servicing/operations, are not backed, operationally, by a traditional/brick & mortar financial institution and use alternative data
points for credit scoring. It also covers ecosystem of companies that enable alternative lending (credit scoring, aggregators,
while-label platforms). It excludes aggregators catering to offline financial institutions, companies offering lending software and
dynamic discounting companies.
The online lending platforms have been categorized into consumer lending platforms and business lending platforms.
Further each of these sub sectors have been divided into following business models:
The scope of this report includes equity as well as debt funding received by the companies.
Business Model Description
Direct Lender Platforms that have a lending license and take the loans on their own books.
B2C Platforms that tie up with a single lender for loan origination.
B2C - Marketplace Platforms that tie up with multiple lenders for loan origination. Lenders include financial institutions and banks.
P2P Marketplace Platforms that allow individual investors – accredited as well as retail.

5. Alternative Lending Report, September 2016
Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Interesting Companies
Useful Links
Company List
Team
5

6. Alternative Lending Report, September 2016
67
110
144
269
416
373
61
0
90
180
270
360
450
2010 2011 2012 2013 2014 2015 2016
NumberofCompanies
6
YoY – Number of companies founded
Funding Circle Lufax JD Finance Fenqile Qufenqi YiXin Capital (Daikuan) InCred
Renovate America Sofi Avant WeLab Juzilicai Jiedaibao LoanTap

7. Alternative Lending Report, September 20167
Large Upcoming Sectors
No. of Companies
Founded
Average
Age
No. of Companies
Funded
Business Model
Total
Funding
Example
49 2013 22
Business Loans > Working Capital
> Invoice Financing > Discounting
$219M
Invoice Finance
2015, Amsterdam
68 2013 27 Business Loans > Mortgage Loans $502M
LendInvest
2013, London
53 2013 27
Consumer Loans > Education
Loans
$3.3B
Future Finance
2013, Dublin
80 2012.8 40 Enablers > Credit Scoring $599M
Aire
2014, London
63 2012 13 Consumer Loans > PayDay Loans $542M
LendUp
2012, SF

8. Alternative Lending Report, September 20168
Niche Upcoming Sectors
No. of Companies
Founded
Average
Age
No. of Companies
Funded
Business Model
Total
Funding
Tracxn Picks
12 2014.6 8 Consumer Loans > Auto Loans $1.1B
DriverUp
2015, Austin
25 2014.2 10 Enablers > Investment Platform $76M
Orchard
2013, New York City
8 2013.9 7
Consumer Loans > Credit Builder
Loans
$17M
SelfScore
2013, Palo Alto
12 2013.8 5
Consumer Loans > Mortgage
Loans > P2P Marketplace
$478M
Landbay
2013, London
11 2013.6 7 Consumer Loans > Employer Loans $89M
Salary Finance
2015, London

9. Alternative Lending Report, September 2016
Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Interesting Companies
Useful Links
Company List
Team
9

10. Alternative Lending Report, September 201610
YoY – Number of Rounds and Total Funding
Note: The funding includes debt rounds also.
$174M $92M $238M
$616M $689M
$1.2B
$4.8B
$12.9B
$8.7B
14 20
32
60
79
142
310
452
267
0
100
200
300
400
500
0
2800
5600
8400
11200
14000
2008 2009 2010 2011 2012 2013 2014 2015 2016
NumberofRounds
FundingAmount(inMillions)
Funding Amount Number of Rounds

11. Alternative Lending Report, September 201611
YoY – Number of Rounds by Stage
21 33 46
130 143
6721
21
53
121
209
121
8
12
13
23
37
32
0
90
180
270
360
450
2011 2012 2013 2014 2015 2016
NumberofRounds
Seed Early Late

12. Alternative Lending Report, September 201612
YoY – Funding by Stage
$18M $27M $37M $126M $170M $96M$139M $287M $420M
$1.2B
$4.3B
$4.2B
$351M $157M
$237M
$1.5B
$4.1B
$2.0B
0
2000
4000
6000
8000
10000
2011 2012 2013 2014 2015 2016
TotalFundingAmount(inMillions)
Seed Early Late

13. Alternative Lending Report, September 201613
Average Ticket Size – Early Stage
$0.7M $1.0M $1.0M $1.3M $1.9M $2.2M
$7.5M $6.2M
$9.3M
$11.6M
$25.1M
$27.2M
$9.0M
$23.6M
$11.1M
$24.8M
$38.9M
$79.8M
0.0
18.0
36.0
54.0
72.0
90.0
2011 2012 2013 2014 2015 2016
FundingAmount(inMillions)
Seed Series A Series B

14. Alternative Lending Report, September 201614
Top investments in last one year
Company
Funding
Amount
Round
Name
Date Investors
lu.com
Lufax
(Shanghai, 2011)
$1.2B Series B Jan-2016
Bank of China Group Investment, China Minsheng Bank, Guotai Junan Securities, CDH
Investments, CICC, BlackPine Private Equity Partners
jr.jd.com
JD Finance
(Beijing, 2012)
$1B Series A Jan-2016 Ample Harvest Capital, Sequoia Capital, China Taiping Insurance Group
sofi.com
Sofi
(San Francisco, 2011)
$1B Series E Sep-2015
SoftBank, Third Point Ventures, Wellington Management, Institutional Venture Partners,
Renren, Baseline Ventures, DCM Ventures
daikuan.com
YiXin Capital
(Daikuan)
(Beijing, 2015)
$550M PE Aug-2016 Tencent, Baidu, JD.Com
qufenqi.com
Qufenqi
(Beijing, 2014)
$449M Series F Jul-2016
jiedaibao.com
Jiedaibao
(Beijing, 2015)
$380M Series B Jan-2016
avant.com
Avant
(Chicago, 2012)
$325M Series E Sep-2015
JPMorgan Chase & Co., August Capital, RRE Ventures, DFJ Growth, General Atlantic,
Balyasny Asset Management, Tiger Global Management
commonbond.co
CommonBond
(Brooklyn, 2011)
$300M Debt Jul-2016

15. Alternative Lending Report, September 201615
Top investments in last one year
Company
Funding
Amount
Round
Name
Date Investors
pave.com
Pave
(New York City, 2012)
$300M Series A Dec-2015 Seer Capital
commonbond.co
CommonBond
(Brooklyn, 2011)
$275M Debt Jan-2016 Macquarie Group, Barclays
quarterspot.com
QuarterSpot
(Wayne, 2011)
$237M Debt Jun-2016
fenqile.com
Fenqile
(Shenzen, 2013)
$235M Series D Jun-2016
joinmosaic.com
Mosaic
(Oakland, 2011)
$220M Series C Aug-2016 Warburg Pincus, Core VC, Obvious Ventures
meetearnest.com
Earnest
(San Francisco, 2013)
$200M Debt Nov-2015 New York Life Insurance
mogo.ca
Mogo.ca
(Vancouver, 2006)
$200M Debt Sep-2015 Fortress Investment Group
joinmosaic.com
Mosaic
(Oakland, 2011)
$200M Debt Apr-2016 dzbank.com, greenbank.ny.gov

16. Alternative Lending Report, September 201616
Funnel view of Sector
Percent of
Previous
0.38%
0.65%
0.35%
45
70
152
431
666
1747
0 400 800 1200 1600 2000
M&A & IPO
Late
Series B
Series A
Funded
Founded
Number of Companies

17. Alternative Lending Report, September 2016
Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Interesting Companies
Useful Links
Company List
Team
17

18. Alternative Lending Report, September 201618
Most Active Investors in Sector
27
24
23
18 18
17
16
14
13 13
0
5
10
15
20
25
30
QED Investors Victory Park
Capital
Sequoia Capital 500 Startups First Round
Capital
Omidyar
Network
Accel Partners Blumberg Capital Khosla Ventures Matrix Partners
China
TotalNumberofRounds
Zopa Kabbage JD Finance KonfÃo Earnest Lenddo Lenddo Kreditech Affirm Jimubox
Klarna LendUp Klarna Lenda vouch Prosper Indifi Lenddo OnDeck Juzilicai

19. Alternative Lending Report, September 201619
Where are Top Investors investing
QED
Investors
Victory Park
Capital
Sequoia
Capital
500
Startups
First Round
Capital
Omidyar
Network
Accel
Partners
Blumberg
Capital
Khosla
Ventures
Matrix
Partners
China
Consumer
Loans
Zopa, Klarna,
LendUp
LendUp,
Kreditech,
Kueski
JD Finance
Klarna
WeLab
Lenda
WeFinance
Finova
Financial
Earnest
vouch
Upstart
Prosper
Finestrella
Zest Money
Wonga
Prosper
SelfScore
Kreditech
Zibby
BLender
Affirm
Upstart
Jimubox
Juzilicai
Fenqile
Business
Loans
KonfÃo, CAN
Capital,
ApplePie
Capital
Kabbage,
Behalf, The
Credit
Junction
Behalf
PPDai
Capital Float
KonfÃo
LendSquare
RealtyShares
OnDeck
Swift Financial
Corporation
BetterFinance
NeoGrowth
Indifi
Funding Circle
CAN Capital
Fundbox
Able Lending
OnDeck
Fundbox
Swift
Financial
Corporation
Huasheng
Finance
FDFactoring
Rongyu100
Enablers L2C, Orchard,
Think Finance,
ZestFinance,
Orchard
Think
Finance
Lenddo
Cignifi
Revolution
Credit
Lenddo Lenddo 91Zhengxin
Aggregators Fundera Fundera Fundera

20. Alternative Lending Report, September 201620
Top Investor by Stage of Entry
Sequoia Capital 6
Victory Park Capital 6
Omidyar Network 5
Blumberg Capital 4
Canaan Partners 4
Khosla Ventures 4
Balderton Capital 3
Lightspeed Venture Partners 3
Matrix Partners China 3
Nyca Partners 3
QED Investors 5
First Round Capital 4
Institutional Venture
Partners
4
Khosla Ventures 4
Accel Partners 3
Baidu 3
Foundation Capital 3
GLI Finance 3
Lightspeed Venture Partners 3
Meritech Capital 3
Seed Series A Series B Later Stage
Sequoia Capital 12
First Round Capital 6
Matrix Partners China 6
QED Investors 6
Blumberg Capital 5
Collaborative Fund 5
Khosla Ventures 5
500 Startups 4
IDG Capital Partners 4
Lightspeed Venture Partners 4
Y Combinator 11
500 Startups 10
K2 VC (Xianfeng Evergreen) 5
Kapor Capital 5
Accion 4
Alpha JWC Ventures 4
Google Ventures 4
Barclays Accelerator 3
Ceyuan 3
Collaborative Fund 3

21. Alternative Lending Report, September 2016
Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Interesting Companies
Useful Links
Company List
Team
21

22. Alternative Lending Report, September 201622
Top IPOs in last three years
IPO
Date
Company Overview
Funding
Amount
Dec-2015 yirendai.com
Yirendai
(Beijing, 2012)
P2P lending platform
Baidu $10M
Jun-2015 mogo.ca
Mogo.ca
(Vancouver, 2006)
Online lending and debt management company
Fortress Investment Group, Difference Capital $3.89M
Dec-2014 ondeck.com
OnDeck
(New York City, 2007)
Online platform for business loans.
First Round Capital, Deutsche Bank, Village Ventures, Khosla Ventures, Goldman Sachs, Institutional Venture Partners, Tiger
Global Management, Google Ventures, Foundation Capital, RRE Ventures, Contour Venture Partners, Industry Ventures,
Fortress Investment Group, KeyBank, Square 1 Bank, Lighthouse Capital Partners, SF Capital, Sapphire Ventures
$174M
Dec-2014 lendingclub.co
m
Lending Club
(San Francisco, 2006)
P2P online lending marketplace
Canaan Partners, Union Square Ventures, Norwest Venture Partners, Morgenthaler, KPCB, Silicon Valley Bank, Foundation
Capital, Plug and Play Tech Center, BlackRock, T. Rowe Price, Amidzad Partners, Gold Hill Capital, Bay Partners, Thomvest
Ventures, TrueBridge Capital Partners, Canvas Ventures, Flint Capital, IG Angels, Wellington Management, Sands Capital,
South Ventures, Pejman Mar Ventures, Nyca Partners, Stelac Capital Partners, Corigin Ventures
$166.23M
Nov-2014 enova.com
Enova
(Chicago, 2003)
Provides online financial services to alternative credit consumers.
Mar-2014 ioufinancial.co
m
IOU Financial
(Kennesaw, 2006)
Working capital loan provider to small businesses.
Dec-2013 symbid.com
Symbid
(Rotterdam, 2011)
Equity-based Crowdfunding
AllMobile, Rhapsody Ventures $549.97K
Jan-2013 springleaffinanc
ial.com
Springleaf
(North, 1920)
Personal Loans

23. Alternative Lending Report, September 201623
Major Acquisitions in the sector
Date Company Acquirer
Deal
size
Overview
Total
Funding
Jun-2016 fundingknight.com
Funding Knight
(Portsmouth, 2011)
GLI Finance
Peer-to-Peer money lending service
GLI Finance
Sep-2015 smartpaylease.com
SmartPay Lease
(San Francisco, 2009)
TEMPOE
Purchase Finance
Investor Growth Capital
$37M
Jan-2015
Prosper Healthcare
(Salt Lake City, 2009)
Prosper $21M
Online healthcare financing platform
Dec-2014 kreditaja.com
KreditAja
(Jakarta, 2011)
Money Smart
Online financial product comparison platform
Oct-2014 l2c.com
L2C
(Atlanta, 2000)
TransUnion
Consumer credit scoring and analytics company.
QED Investors, Core VC, CFSI
$4.01M
Jul-2014 demica.com
Demica
(London, 1992)
JRJ Group
Recievables financing platform.
Jul-2013 contigofinancial.com
Contigo Financial
(Nashville, 2012)
Emerge
Financial
Wellness
Employer loans provider.
Solidus, Jumpstart Foundry, Jumpstart Foundry
$15K
Jun-2008 billmelater.com
Paypal Credit
(Lutherville-
Timonium, 2000)
PayPal $945M
Provides purchase financing options to consumers.
Amazon, Upfront Ventures, Azure Capital Partners, Kingdon Capital, Crosspoint
Venture Partners
$100M

24. Alternative Lending Report, September 2016
Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Interesting Companies
Useful Links
Company List
Team
2424

25. Alternative Lending Report, September 201625
September 2016Tracxn BlueBox : Alternative Lending
Cumulative funding in the sector
1700+ companies in the sector, 638 funded in last 5 years, $21b invested in 2015/2016
Most Active Investors: QED Investors, Sequoia Capital, Victory Park Capital, 500 Startups
Practice Area - Fintech | Analysts: @SurinderjitB
CONSUMER LOANS $16B
Personal Loans
Lending Club (2007, IPO)
Mortgage Loans
LendInvest (2013, $116.M)
Education Loans
SoFi (2011, $1.5B)
Purchase Financing
Affirm (2012, $420M)
Payday Loans
LendUp (2012, $164M)
Asset Backed
Borro (2008, $178M)
Project Loans
Renovate America (2010, $146M)
Auto Loans
DriverUp (2015, $70M)
Employer Loans
Zebit (2011, $35M)
Credit Card Refinancing
Payoff (2009, $24.8M)
Micro Loans
Kiva (2005, $9M)
Healthcare Loans
PrimaHealth Credit (2014, $1M)
BUSINESS LOANS $3.6B
Term Loans
FundingCircle (2010, $273M)
Working Capital
Kabbage (2009, $240M)
Merchant Cash Advance
Lighter Capital (2010, $15M)
Mortgage Loans
LendingHome (2013, $109M)
Project Loans
Mosaic (2011, $20M)
Franchise Loans
ApplePie Capital (2014, $9.8M)
Invoice Discounting
Fundbox (2012, $107.5M)
Factoring
BlueVine (2013, $64M)
ENABLERS $592M
White-Label Platform
Insikt (2012, $24.3M)
Investment Platform
Orchard (2013, $44.7M)
Credit Scoring
Zest Finance (2009, $112M)
AGGREGATORS $86M
Fundera (2013, $18M)

26. Alternative Lending Report, September 201626
Top Business Models by Funding
$16.3B
$3.7B
$593M
$86M
0
3600
7200
10800
14400
18000
Consumer Loans Business Loans Enablers Aggregators
TotalFundingAmount(inMillions)
# Cos. 846 650 131 120
Avg. Age 2011.98 2009.47 2012.87 2012.21
Lufax Funding Circle Dimeng Bizfi
Sofi Kabbage Think Finance Fundera

27. Alternative Lending Report, September 201627
Consumer Loans – Business Model Description
Consumer Loans – Online lending platforms offering loans to consumer for various purposes like point of sale finance, auto
finance, education finance, housing finance.
Unsecured Personal
Loans
Asset Backed Loans PayDay Loans Purchase Financing Education Loans
Online lending platforms
offering loans secured
against a collateral.
Online lending platforms
which give loans for a
tenure of 7 to 30 days.
Online lending platforms
offering point of sale
financing.
Online lending platforms
offering loans to
students for education.
Online lending platforms
offering loans for any
personal purpose.

28. Alternative Lending Report, September 201628
Consumer Loans – Entrepreneur Activity and
Investment Trend
$25M $61M $99M $477M $322M $662M
$3.2B
$9.0B
7 13 18
33 45
77
162
250
0
60
120
180
240
300
0
2000
4000
6000
8000
10000
2008 2009 2010 2011 2012 2013 2014 2015
NumberofRounds
FundingAmount(inMillions)
YoY – Total Funding and No. of Rounds
23 32 30
52
71
113
194
179
0
50
100
150
200
250
2008 2009 2010 2011 2012 2013 2014 2015
NumberofCompaniesFounded
YoY – No. of Companies Founded
226
159
84
71
31
18 17 16
0
50
100
150
200
250
United
States
China India United
Kingdom
South
Africa
Spain Australia Kenya
NumberofCompanies
Distribution of Companies across Countries
$8.1B
$2.8B
$1.9B
$1.1B
$0.6B $0.5B
0.0
1.8
3.6
5.4
7.2
9.0
Unsecured
Personal
Loans
Purchase
Financing
Education
Loans
Auto Loans Project
Financing
PayDay
Loans
FundingAmount(inBillions)
BM wise Investment

29. Alternative Lending Report, September 201629
Consumer Loans – Most Funded Companies
Company Overview Business Model
Funding
Amount
lu.com
Lufax
(2011, Shanghai)
Peer-to-peer lender and financial-asset exchange
CDH Investments, Arbor Ventures, CICC, China Minsheng Bank, Guotai Junan Securities, Ping An
Insurance, BlackPine Private Equity Partners, Bank of China Group Investment
Consumer Loans > Unsecured
Personal Loans > P2P
Marketplace
$1.71B
sofi.com
Sofi
(2011, San Francisco)
Educational loans marketplace
Morgan Stanley, SoftBank, QED Investors, Institutional Venture Partners, Innovation Endeavors,
Grail Partners, Baseline Ventures, DCM Ventures, Ulu Ventures, Thomvest Ventures, SGVC,
Renren, Discovery Capital, East West Bank, Wellington Management, The Bancorp, New Ground
Ventures, Third Point Ventures, Baseline Ventures
Consumer Loans > Education
Loans > B2C > Marketplace
$1.51B
jr.jd.com
JD Finance
(2012, Beijing)
Internet based financial services and products for consumers and SMEs
Sequoia Capital, China Taiping Insurance Group, Ample Harvest Capital
Consumer Loans > Unsecured
Personal Loans
$1B
daikuan.com
YiXin Capital (Daikuan)
(2015, Beijing)
Online platform for automobile financing
JD.Com, Baidu, Tencent, Yiche
Consumer Loans > Auto Loans $950M
qufenqi.com
Qufenqi
(2014, Beijing)
Online microloan / installment plan provider for e-commerce purchases
Alipay, BlueRun Ventures, Kunlun, Kalends, Source Code Capital, ICH Group
Consumer Loans > Purchase
Financing
$874M
jiedaibao.com
Jiedaibao
(2015, Beijing)
Anonymous P2P lending platform within a user's social circle
Consumer Loans > Unsecured
Personal Loans > P2P
Marketplace
$693.9M
avant.com
Avant
(2012, Chicago)
Online lending platform
General Atlantic, Credit Suisse, QED Investors, Tiger Global Management, KKR, DFJ Growth,
August Capital, RRE Ventures, Ribbit Capital, JPMorgan Chase & Co., Victory Park Capital, HPVP,
Accolade Partners, Jefferies, Redhills Ventures, Balyasny Asset Management
Consumer Loans > Unsecured
Personal Loans > B2C >
Marketplace
$655M
affirm.com
Affirm
(2012, San Francisco)
Online lending platform for purchase financing
Lightspeed Venture Partners, Andreessen Horowitz, Khosla Ventures, Spark Capital, Founders
Fund, Silicon Valley Bank, Jefferies, Nyca Partners
Consumer Loans > Purchase
Financing > B2C
$420M

30. Alternative Lending Report, September 201630
Business Loans – Business Model Description
Business Loans – Online lending platforms offering loans to businesses for working capital, expansion, equipment financing, etc.
Term Loans Working Capital Mortgage Loans Project Loans Purchase Financing
Online lending platforms
offering loans to
businesses for a tenure
of less than a year, in
order to meet day to day
expenses of business.
Online lending platforms
offering loans for
commercial mortgage.
Online lending platform
providing commercial
project loans.
Online lending platforms
offering purchase
finance to businesses.
Online lending platforms
offering loans to
businesses for a fixed
tenure usually more
than a year.

31. Alternative Lending Report, September 201631
Business Loans – Entrepreneur Activity and
Investment Trend
$148M $13M $42M $93M $272M
$524M
$1.3B
$3.2B
6 4 8
19 25
49
114
153
0
36
72
108
144
180
0
700
1400
2100
2800
3500
2008 2009 2010 2011 2012 2013 2014 2015
NumberofRounds
FundingAmount(inMillions)
YoY – Total Funding and No. of Rounds
$1.6B $1.5B
$441M
$21M
0
360
720
1080
1440
1800
Term Loans Working Capital Mortgage Loans Project Loans
FundingAmount(inMillions)
BM wise Investment
14 16
26
38
53
113
166
130
0
36
72
108
144
180
2008 2009 2010 2011 2012 2013 2014 2015
NumberofCompaniesFounded
YoY – No. of Companies Founded
209
87
75
40 33 30 21 20
0
50
100
150
200
250
United
States
United
Kingdom
China India France Australia Singapore Netherlands
NumberofCompanies
Distribution of Companies across Countries

32. Alternative Lending Report, September 201632
Business Loans – Most Funded Companies
Company Overview Business Model
Funding
Amount
fundingcircle.com
Funding Circle
(2010, London)
P2P lending marketplace for small businesses
Accel Partners, Index Ventures, Union Square Ventures, DST Global, Temasek, Ribbit Capital, Baillie
Gifford, Sands Capital, Montage Ventures, Endurance Companies
Business Loans > Term Loans >
P2B Marketplace
$273M
kabbage.com
Kabbage
(2009, Atlanta)
Working capital financing for small businesses.
SV Angel, United Parcel Service, Mohr Davidow Ventures, SoftBank, ING, BlueRun Ventures, Western
Technology Investment, Lumia Capital, Thomvest Ventures, Victory Park Capital, Recruit Strategic
Partners, Guggenheim Partners, Scotiabank, TCW Group, Mavcap, Reverence Capital Partners,
Santander InnoVentures
Business Loans > Working
Capital > Unsecured Loans >
B2B
$240.81M
ondeck.com
OnDeck
(2007, New York
City)
Online platform for business loans.
First Round Capital, Deutsche Bank, Village Ventures, Khosla Ventures, Goldman Sachs, Institutional
Venture Partners, Tiger Global Management, Google Ventures, Foundation Capital, RRE Ventures,
Contour Venture Partners, Industry Ventures, Fortress Investment Group, KeyBank, Square 1 Bank,
Lighthouse Capital Partners, SF Capital, Sapphire Ventures
Business Loans > Term Loans >
Direct Lender
$174M
cgtz.com
CGTZ
(2013, Hangzhou)
P2P lending and investment platform
Shunwei
Business Loans > Term Loans >
P2B Marketplace
$162.22M
lsq.com
LSQ
(1996, Maitland)
Accounts Receivable Financing for Growth
Lovell Minnick, ARCC
Business Loans > Working
Capital > Invoice Financing
$140M
renrendai.com
Renrendai
(2010, Beijing)
P2P Lending Platform targeting white collar employees and SMEs
Honghe Venture Capital
Business Loans > Term Loans >
P2B Marketplace
$133M
behalf.com
Behalf
(2011, New York
City)
Lending platform for SMBs
Sequoia Capital, Spark Capital, Western Technology Investment, Victory Park Capital, MissionOG,
Maverick Ventures
Business Loans > Working
Capital > Unsecured Loans >
Direct Lender
$129M
lendinvest.com
LendInvest
(2013, London)
P2P Lending for Mortgages
Atomico, Kunlun, Macquarie Group
Business Loans > Mortgage
Loans > P2B Markeplace
$116.82M

33. Alternative Lending Report, September 201633
Enablers – Business Model Description
Enablers - Companies providing allied services to alternative lending platforms and to the investors on online lending platforms.
Credit Scoring Investment Platform White-label Platform
Online platform which enables investors
to invest in the loans on various
alternative lending platforms and also
maintain the investors’ portfolio.
Platforms that enable companies to start
their online lending websites.
Companies that use alternative data
sources and machine learning algorithms
to assess the credit risk of potential
borrowers.

34. Alternative Lending Report, September 201634
Enablers – Entrepreneur Activity and Investment
Trend
$1M $14M
$94M
$20M
$93M
$40M
$125M
$451M
1 2
2
4
7
12
23
38
0
10
20
30
40
50
0
100
200
300
400
500
2008 2009 2010 2011 2012 2013 2014 2015
NumberofRounds
FundingAmount(inMillions)
YoY – Total Funding and No. of Rounds
$335M
$100M
$75M
0
80
160
240
320
400
Credit Scoring White-label Platform Investment Platform
FundingAmount(inMillions)
BM wise Investment
5
3
10 10
22
28
38
0
8
16
24
32
40
2009 2010 2011 2012 2013 2014 2015
NumberofCompaniesFounded
YoY – No. of Companies Founded
55
21 20
7
3 3 2 2
0
12
24
36
48
60
United
States
United
Kingdom
China India Latvia Netherlands Israel Estonia
NumberofCompanies
Distribution of Companies across Countries

35. Alternative Lending Report, September 201635
Enablers – Most Funded Companies
Company Overview Business Model
Funding
Amount
dimeng.net
Dimeng
(2005, Shenzhen)
Developer of systems for net loan platforms Enablers $79M
thinkfinance.com
Think Finance
(2001, Fort Worth)
Analytics and technology services for lenders
Sequoia Capital, TCV, Victory Park Capital
Enablers > White-
label Platform
$60M
indigomichael.com
Account
Technologies
(2011, London)
Credit scoring services for individuals and SMEs, in addition to overdraft facilities and personal
finance manager
Enablers > Credit
Scoring
$56M
zestfinance.com
ZestFinance
(2009, Los
Angeles)
Machine Learning technologies to give lenders a better understanding of risk
Lightspeed Venture Partners, Upfront Ventures, Baidu, Matrix Partners, Eastward Capital Partners,
Flybridge Capital Partners, Northgate, Victory Park Capital, Fortress Investment Group, Lighthouse
Capital Partners, Subtraction Capital, TenOneTen, Thiel Capital, Kensington Capital Holdings
Enablers > Credit
Scoring > Individuals
$54M
orchardplatform.com
Orchard
(2013, New York
City)
Technology and infrastructure provider for marketplace lending.
Canaan Partners, Spark Capital, QED Investors, Thrive Capital, Thomvest Ventures, Victory Park
Capital, Conversion Capital, Tom Glocer, Brooklyn Bridge Ventures, Nyca Partners, Social Leverage
Enablers >
Investment Platform
$44.7M
factortrust.com
FactorTrust
(2006, Atlanta)
Provider of consumer data, analytics and risk scoring solutions on those underserved by traditional
banking channels
ABS Capital Partners, MissionOG, Archbrook
Enablers > Credit
Scoring > Individuals
$43.62M
100credit.cn
100credit
(2014, Beijing)
Fraud and credit risk assessment and management services for banks and insurance companies
Enablers > Credit
Scoring > Individuals
$40.95M
visualdna.com
VisualDNA
(2006, London)
Credit-Scoring and Marketing Insights
Atomico, Northzone, Horizons Ventures
Enablers > Credit
Scoring > Individuals
> Quiz Based Scoring
$28.6M

36. Alternative Lending Report, September 201636
Aggregators – Business Model Description
Aggregators – These are the platforms which aggregate a number of online lending companies on one website, wherein the
borrower can compare and choose where to borrow from. These companies have tie-ups with online lending companies and
charge lead generation fee from them upon conversion of lead.

37. Alternative Lending Report, September 201637
Aggregators – Entrepreneur Activity and
Investment Trend
$3M $4M
$27M
$3M $0.1M
$83M
$126M
1
4 4
2
4
11
11
0
2
5
7
10
12
0
28
56
84
112
140
2009 2010 2011 2012 2013 2014 2015
NumberofRounds
FundingAmount(inMillions)
YoY – Total Funding and No. of Rounds
3 4
8
10 10
21
28
26
0
6
12
18
24
30
2008 2009 2010 2011 2012 2013 2014 2015
NumberofCompaniesFounded
YoY – No. of Companies Founded
47
22
13
7
5
3 3 3
0
10
20
30
40
50
United
States
United
Kingdom
South Africa India Australia China Singapore Switzerland
NumberofCompanies
Distribution of Companies across Countries

38. Alternative Lending Report, September 201638
Aggregators – Most Funded Companies
Company Overview Business Model
Funding
Amount
bizfi.com
Bizfi
(2005, New York City)
Credit product aggregator
Comvest Partners, Community National Bank, Metropolitan Equity Partners
Aggregators $20M
fundera.com
Fundera
(2013, New York City)
Multiple credit solutions provider for small businesses.
First Round Capital, Lerer Hippeau Ventures, SV Angel, Khosla Ventures, QED
Investors, BoxGroup, Susquehanna Growth Equity, Lerer Hippeau Ventures, BoxGroup
Aggregators > For
Borrowers > Business Loans
$14.9M
sindeo.com
Sindeo
(2013, San Francisco)
Lead generator for mortgage loan providers.
Second Century Ventures, Renren, New Ground Ventures, Endurance Companies
Aggregators > For
Borrowers > Consumer
Loans
$12.05M
neftllc.com
New England Funding
Technologies, LLC
(2014, Newport Beach)
Financial services platform providing credit tools for consumers
Aggregators > For
Borrowers > Consumer
Loans
$10M
loanhero.com
LoanHero
(2014, La Jolla)
A loan origination marketplace.
Alsop Louie Partners, Mucker Capital
Aggregators > For
Borrowers > Consumer
Loans
$4.2M
alltuition.com
Alltuition
(2010, Chicago)
Financial aid aggregator for college students
Excelerate Labs, Kapor Capital, Pritzker Group, Hyde Park Angels, Sandbox Industries
Aggregators > For
Borrowers > Consumer
Loans
$4.02M
nailyourmortgage.com
Nail Your Mortgage
(2009, Chicago)
Solutions for borrowers and lenders to interact in an open electronic marketplace.
Aggregators > For
Borrowers > Consumer
Loans
$3.1M
fundingoptions.com
Funding Options
(2011, London)
Third party customized solution provider for alternative lending.
North West Fund, AXM Venture Capital, GLI Finance
Aggregators > For
Borrowers > Business Loans
$2.88M

39. Alternative Lending Report, September 2016
Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Interesting Companies
Useful Links
Company List
Team
39

40. Alternative Lending Report, September 201640
Interesting Unfunded Companies
Company Overview
Business
Model
fastbanking.com
Aprenita
(2015, NYC)
Platform providing growth capital for mobile app
developers.
Business Loans > Term Loans
udhaar.co
Neat Capital
(2015, Boulder)
Online lending platform for residential mortgages.
Consumer Loans > Mortgage Loans
vote4cash.in
TightSpot
(2015, Palo Alto)
Mobile first P2P lending platform.
Consumer Loans > Unsecured Personal Loans > P2P Marketplace
indiamoneymart.com
Flyto
(2016, London)
Finance provider for airline fares. Consumer Loans > Purchase Financing
lendsmart.in
Finvoice
(2014, SF)
Marketplace for invoice discounting. Business Loans > Working Capital > Invoice
Financing > Discounting > P2B Marketplace > Accredited investors
vote4edu.in
Croudify
(2014, SF)
Secondary market for P2P lending investors. Enablers > Secondary Marketplace
underwrite.io
Mesfix
(2014, Bagota)
Crowdfactoring marketplace for SMEs
Business Loans > Working Capital > Invoice
Financing > Factoring > P2B Marketplace
Credit Kudos
(2015, London) Credit scoring using consumer transaction data.
Enablers > Credit Scoring > Individuals

41. Alternative Lending Report, September 201641
Interesting Seed Companies
Company Overview Business Model
Total
Funding
Payfully
(2016, NYC)
Lending platform that advances money to Airbnb hosts against
their future bookings.
Business Loans > Working Capital $300K
Lendable
(2015, NYC)
Debt marketplace for financing receivables in Nairobi and New
York.
Business Loans > Working Capital > Invoice
Financing > Discounting > P2B Marketplace
Undisclosed
Toneboard
(2015, Latvia)
Provider of credit risk assessment solutions using speech
analytics.
Enablers > Credit
Scoring > Individuals > Speech Analytics
Undisclosed
Ziero
(2015, SF)
Online platform for employer loans. Consumer Loans > Employer Loans $150K
Airfordable
(2015, Chicago)
Lending platform for airline ticket expense. Consumer Loans > Purchase Financing $120K
skills.fund
Skills Fund
(2015, Austin)
Student financing Consumer Loans > Education Loans $11.5M
pagaya-inv.com
Pagaya Investments
(2016, Tel Aviv)
Investment platform that enables institutional investors to
invest in online lending platform.
Carmel Ventures
Enablers > Investment Platform $1.25M

42. Alternative Lending Report, September 201642
Interesting Series A Companies
Company Overview Business Model
Total
Funding
jr.jd.com
JD Finance
(2012, Beijing)
Internet based financial services and products for consumers and SMEs
Sequoia Capital, China Taiping Insurance Group, Ample Harvest Capital
Consumer Loans > Unsecured
Personal Loans
$1B
greenskycredit.com
GreenSky
(2006, Encino)
Purchase finance provider
QED Investors, TPG
Consumer Loans > Purchase
Financing > B2C > Marketplace
$360M
pave.com
Pave
(2012, New York City)
Online lending platform for personal loans.
Maxfield Capital, Seer Capital, C4 Ventures, Maxfield Capital
Consumer Loans > Unsecured
Personal Loans > P2P Marketplace >
Accredited investors
$318.6M
renrendai.com
Renrendai
(2010, Beijing)
P2P Lending Platform targeting white collar employees and SMEs
Honghe Venture Capital
Business Loans > Term Loans > P2B
Marketplace
$133M
9fbank.com
9FBank
(2006, Beijing)
P2P microfinance credit provider
IDG Capital Partners, SIG China, Grandis Capital
Consumer Loans > Micro Loans >
P2P Marketplace
$114.6M
billmelater.com
Paypal Credit
(2000, Lutherville-
Timonium)
Provides purchase financing options to consumers.
Amazon, Upfront Ventures, Azure Capital Partners, Kingdon Capital,
Crosspoint Venture Partners
Consumer Loans > Purchase
Financing > B2C
$100M
better.com
Better Mortgage
(2014, New York City)
Alternative lender for Mortgage loans and refinance
IA Venttures, Goldman Sachs, Pine Brook Partners, Global Asset Capital,
1/0 Capital
Consumer Loans > Mortgage Loans >
Direct Lender
$52.1M
lendico.com
Lendico
(2013, Berlin)
An online P2P lending marketplace.
Access Industries, Holtzbrinck Ventures, Rocket Internet
Consumer Loans > Unsecured
Personal Loans > P2P Marketplace
$22.44M

43. Alternative Lending Report, September 201643
Interesting Series A Companies
Company Overview Business Model
Total
Funding
nongfadai.com
Nongfadai
(2015, Shenzhen)
Platform for P2P agricultural loans Business Loans > Working Capital >
Unsecured Loans > P2B Marketplace
$21.47M
dealstruck.com
Dealstruck
(2012, San Diego)
Customized credit solutions for small businesses.
Trinity Ventures, Blackbird Ventures, Peterson Partners, Community Investment Management
LLC, Brevet Capital
Business Loans > Term Loans > P2B
Marketplace > Accredited investors
$19.5M
autofi.com
AutoFi
(2015, San Francisco)
Point of sale solution for financing a vehicle online
500 Startups, Crosslink Capital, Laconia Ventures, Basset Investment, Lerer Hippeau Ventures
Consumer Loans > Auto Loans > B2C
> Marketplace
$19.5M
payjoy.com
PayJoy
(2015, California)
Online purchase financing platform.
Metamorphic Ventures, Union Square Ventures, Western Technology Investment, Red Swan
Ventures, Core VC
Consumer Loans > Purchase
Financing > Direct Lender
$17.45M
neyber.co.uk
Neyber
(2014, London)
Offers loans to employees which are repaid through salary deduction Consumer Loans > Employer Loans $12.35M
inventure.com
Inventure
(2011, Los Angeles)
Credit scoring
MESA Ventures, Lowercase Capital, Google Ventures, Expansion Venture Capital,
Collaborative Fund, Vast Ventures, India Internet Fund, Female Founders Fund, BAM Ventures
Enablers > Credit Scoring >
Individuals
$11.2M
ablelending.com
Able Lending
(2014, Austin)
Collaborative lending platform for small businesses
Founders Fund, Correlation Ventures, Western Technology Investment, Expansion Venture
Capital, E-Merge, Rothenberg Ventures, RPM Ventures, Blumberg Capital, TDF Ventures,
Peterson Ventures, Base Ventures, 2020 Ventures, BaseCamp Ventures, Peterson Partners,
StartupRunner Capital, SierraMaya360, OTTORROCKCAPITAL, Zenstone Venture Capital
Business Loans > Term Loans >
Direct Lender
$11M
sensiblelender.com
Sensible Lender
(2015, Kent)
P2P lending platform for loans secured against commercial real estate. Business Loans > Mortgage Loans >
P2B Markeplace
$10.6M

44. Alternative Lending Report, September 201644
Interesting Series A Companies
Company Overview Business Model
Total
Funding
branch.co
Branch
(2014, San Francisco)
Short term lending mobile application.
Andreessen Horowitz, Formation 8, Khosla Impact
Consumer Loans > Micro Loans $10.6M
salaryfinance.com
SalaryFinance
(2015, London)
Online lending platform for employer loans.
Bright Bridge Ventures
Consumer Loans > Employer
Loans
$10.4M
miradorfin.com
Mirador Financial
(2014, Portland)
Provides platforms for lending as a service.
Crosslink Capital, Collaborative Fund, Core VC, Vesta, Vesta Corp, Nyca
Partners, Jump Capital, LLC
Enablers > White-label Platform $10.1M
vouch.com
vouch
(2013, San Francisco)
A social lending platform that uses the borrower's network as sponsors.
AngelList, Greylock Partners, First Round Capital, IDG Capital Partners, Data
Collective, IDG ventures, Core VC, Cooley, IDG Ventures USA, Exhilarator,
Linden Mobile Ventures, Maiden Lane
Consumer Loans > Unsecured
Personal Loans > B2C
$10.06M
troo.ly
Troo.ly
(2014, Palo Alto)
Provider of trust rating service for peer-to-peer marketplaces.
Bain Capital Ventures, Milliways Ventures
Enablers > Credit Scoring >
Individuals
$10M
lendingworks.co.uk
Lending Works
(2012, London)
Online P2P lending platform for personal loans and investments.
NVM Private Equity
Consumer Loans > Unsecured
Personal Loans > P2P Marketplace
$9.64M
unilend.fr
Unilend
(2013, Paris)
P2P lending platform for business loans
Bpifrance, 360 Capital Partners, Ventech
Business Loans > Term Loans >
P2B Marketplace
$8.39M
landbay.co.uk
Landbay
(2013, London)
A P2P lending platform for residential mortgage investments.
Seedrs, Omni
Consumer Loans > Mortgage
Loans > P2P Marketplace
$8.33M

45. Alternative Lending Report, September 201645
Interesting Series A Companies
Company Overview Business Model
Total
Funding
lu.com
Lufax
(2011, Shanghai)
Peer-to-peer lender and financial-asset exchange
CDH Investments, Arbor Ventures, CICC, China Minsheng Bank, Guotai Junan Securities,
Ping An Insurance, BlackPine Private Equity Partners, Bank of China Group Investment
Consumer Loans > Unsecured Personal
Loans > P2P Marketplace
$1.71B
jiedaibao.com
Jiedaibao
(2015, Beijing)
Anonymous P2P lending platform within a user's social circle
Consumer Loans > Unsecured Personal
Loans > P2P Marketplace
$693.9M
welab.co
WeLab
(2013, Hong Kong)
Alternate lending solutions for consumers
Sequoia Capital, ING, Iconiq Capital, Khazanah Nasional, TOM Group, Ule, Guangdong
Technology Venture Capital
Consumer Loans > Unsecured Personal
Loans > Direct Lender
$180M
cgtz.com
CGTZ
(2013, Hangzhou)
P2P lending and investment platform
Shunwei
Business Loans > Term Loans > P2B
Marketplace
$162.22M
behalf.com
Behalf
(2011, New York City)
Lending platform for SMBs
Sequoia Capital, Spark Capital, Western Technology Investment, Victory Park Capital,
MissionOG, Maverick Ventures
Business Loans > Working Capital >
Unsecured Loans > Direct Lender
$129M
lendinvest.com
LendInvest
(2013, London)
P2P Lending for Mortgages
Atomico, Kunlun, Macquarie Group
Business Loans > Mortgage Loans >
P2B Markeplace
$116.82M
meetearnest.com
Earnest
(2013, San Francisco)
Alternative lending platform for refinancing student debt
First Round Capital, Andreessen Horowitz, Atlas Venture, Maveron, Battery Ventures,
Correlation Ventures, Adams Street Partners, Collaborative Fund, Designer Fund, New
York Life Insurance, QueensBridge Venture Partners, Accomplice, Spectrum, Propel
Venture Partners
Consumer Loans > Education Loans >
Direct Lender
$107M
driverup.com
DriverUp
(2015, Austin)
Online marketplace for auto loans
RRE Ventures, SF Capital, Emerald Development Managers
Consumer Loans > Auto Loans > P2P
Marketplace > Accredited investors
$70M

46. Alternative Lending Report, September 201646
Interesting Series B Companies
Company Overview Business Model
Total
Funding
spotcap.com
SpotCap
(2013, Berlin)
Alternate lending platform providing credit lines to businesses.
Kreos Capital, Access Industries, Holtzbrinck Ventures, Rocket Internet, Finstar
Financial Group
Business Loans > Working Capital >
Unsecured Loans > Direct Lender
$66.53M
prospa.com
Prospa
(2012, Sydney)
Online lending platform for unsecured business loans.
The Carlyle Group, Entree Capital, Ironbridge Equity Partners, AirTree Ventures
Business Loans > Working Capital >
Unsecured Loans > Direct Lender
$60M
realtymogul.com
Realty Mogul
(2012, Los Angeles)
Online real estate equity and debt based crowdfunding platform
Microsoft, Canaan Partners, Microsoft Ventures, Techstars, VoiVoda, Pelion Venture
Partners, Sorenson Capital, Target Global, Target Global
Business Loans > Mortgage Loans > P2B
Markeplace > Accredited investors
$49M
orchardplatform.com
Orchard
(2013, New York City)
Technology and infrastructure provider for marketplace lending.
Canaan Partners, Spark Capital, QED Investors, Thrive Capital, Thomvest Ventures,
Victory Park Capital, Conversion Capital, Tom Glocer, Brooklyn Bridge Ventures, Nyca
Partners, Social Leverage
Enablers > Investment Platform $44.7M
lendingkart.com
Lendingkart
(2014, Ahmedabad)
Online platform that provides working capital for SMBs in India
IFMR Trust, Saama Capital, Mayfield, Bertelsmann, India Quotient, Bertelsmann
India Investments
Business Loans > Working Capital >
Unsecured Loans > Direct Lender
$42.65M
capitalfloat.com
Capital Float
(2013, Bangalore)
Online lending platform for small businesses
SAIF Partners, Sequoia Capital, Creation Investments, Aspada Advisors
Business Loans > Working Capital $41M
realtyshares.com
RealtyShares
(2013, Mountain View)
Crowdfunding for Real Estate
Union Square Ventures, 500 Startups, General Catalyst Partners, Menlo Ventures,
MetaProp NYC
Business Loans > Mortgage Loans > P2B
Markeplace > Accredited investors
$36.21M
lendix.com
Lendix
(2014, Paris)
Online lending platform for SME loans.
Partech Ventures, CNP Assurances, Matmut, Zencap Asset Management, Banque
Wormser Freres
Business Loans > Term Loans > P2B
Marketplace
$25.23M

47. Alternative Lending Report, September 201647
Interesting Series B Companies
Company Overview Business Model
Total
Funding
lenddo.com
Lenddo
(2011, Singapore)
Social networking based credit scoring
Accel Partners, Omidyar Network, Metamorphic Ventures, Western
Technology Investment, Inovia Capital, Lumia Capital, Blumberg Capital,
Life.SREDA, Golden Gate Ventures, Alpine Meridian, Kickstart Ventures,
Future Perfect Ventures, FinTech Innovation Lab, atcapital.com
Enablers > Credit Scoring >
Individuals > Social Network Based
Credit Rating
$14M
prodigyfinance.com
Prodigy Finance
(2007, London)
Online platform for community loans for international business school
students.
Balderton Capital
Consumer Loans > Education Loans
> P2P Marketplace
$13.7M

48. Alternative Lending Report, September 201648
Interesting Late Stage Companies
Company Overview
Business
Model
Total
Funding
sofi.com
Sofi
(2011, San Francisco)
Educational loans marketplace
Morgan Stanley, SoftBank, QED Investors, Institutional Venture Partners, Innovation Endeavors, Grail Partners, Baseline
Ventures, DCM Ventures, Ulu Ventures, Thomvest Ventures, SGVC, Renren, Discovery Capital, East West Bank, Wellington
Management, The Bancorp, New Ground Ventures, Third Point Ventures, Baseline Ventures
Consumer Loans >
Education Loans >
B2C > Marketplace
$1.51B
daikuan.com
YiXin Capital (Daikuan)
(2015, Beijing)
Online platform for automobile financing
JD.Com, Baidu, Tencent, Yiche
Consumer Loans >
Auto Loans
$950M
qufenqi.com
Qufenqi
(2014, Beijing)
Online microloan / installment plan provider for e-commerce purchases
Alipay, BlueRun Ventures, Kunlun, Kalends, Source Code Capital, ICH Group
Consumer Loans >
Purchase Financing
$874M
avant.com
Avant
(2012, Chicago)
Online lending platform
General Atlantic, Credit Suisse, QED Investors, Tiger Global Management, KKR, DFJ Growth, August Capital, RRE Ventures,
Ribbit Capital, JPMorgan Chase & Co., Victory Park Capital, HPVP, Accolade Partners, Jefferies, Redhills Ventures, Balyasny
Asset Management
Consumer Loans >
Unsecured Personal
Loans > B2C >
Marketplace
$655M
affirm.com
Affirm
(2012, San Francisco)
Online lending platform for purchase financing
Lightspeed Venture Partners, Andreessen Horowitz, Khosla Ventures, Spark Capital, Founders Fund, Silicon Valley Bank,
Jefferies, Nyca Partners
Consumer Loans >
Purchase Financing >
B2C
$420M
prosper.com
Prosper
(2005, San Francisco)
P2P Lending Marketplace
Accel Partners, Omidyar Network, Sequoia Capital, Benchmark Capital, Francisco Partners, Credit Suisse, Draper Fisher
Jurvetson, QED Investors, Institutional Venture Partners, J.P. Morgan, TomorrowVentures, Meritech Capital, DAG Ventures,
Crosslink Capital, BlackRock, Passport Capital, Draper Associates, Phenomen Ventures, USAA, Volition Capital, Atlanticus,
Target Global, BBVA Ventures, Suntrust Banks, Fenway Summer, Breyer Capital, Neuberger Berman, F-Prime Capital
Partners, Propel Venture Partners
Consumer Loans >
Unsecured Personal
Loans > P2P
Marketplace
$353M
fenqile.com
Fenqile
(2013, Shenzen)
Online microloan e-commerce
JD.Com, Matrix Partners China, SS&C Technologies, Bertelsmann Asia Investment Fund
Consumer Loans >
Purchase Financing
$345M
fundingcircle.com
Funding Circle
(2010, London)
P2P lending marketplace for small businesses
Accel Partners, Index Ventures, Union Square Ventures, DST Global, Temasek, Ribbit Capital, Baillie Gifford, Sands Capital,
Montage Ventures, Endurance Companies
Business Loans >
Term Loans > P2B
Marketplace
$273M

49. Alternative Lending Report, September 201649
Interesting Late Stage Companies
Company Overview Business Model
Total
Funding
kabbage.com
Kabbage
(2009, Atlanta)
Working capital financing for small businesses.
SV Angel, United Parcel Service, Mohr Davidow Ventures, SoftBank, ING, BlueRun Ventures, Western Technology
Investment, Lumia Capital, Thomvest Ventures, Victory Park Capital, Recruit Strategic Partners, Guggenheim Partners,
Scotiabank, TCW Group, Mavcap, Reverence Capital Partners, Santander InnoVentures
Business Loans > Working
Capital > Unsecured Loans
> B2B
$240.81M
oportun.com
Oportun
(2005, Menlo Park)
Credit building unsecured personal loans for underbanked Hispanics.
Greylock Partners, Fidelity Investments, Bank of America, Charles River Ventures, Institutional Venture Partners, Silicon
Valley Bank, DAG Ventures, Great Oaks Venture Capital, Core VC, HTGC, CFSI, Peterson Partners, BlackRock Capital
Investment Corporation
Consumer Loans >
Unsecured Personal Loans
> Direct Lender
$221.09M
dianrong.com
Dianrong
(2012, Shanghai)
China's P2P Leading Platform
Standard Chartered, Tiger Global Management, Data Collective, IDMVC, Northern Light Venture Capital, Sun Hung Kai
Properties, Stelac Capital Partners, Presidio Partners, ZJ Capital
Consumer Loans >
Unsecured Personal Loans
> P2P Marketplace
$219M
lendup.com
LendUp
(2012, San Francisco)
Payday loans direct lender
Y Combinator, Andreessen Horowitz, SV Angel, KPCB, QED Investors, GV, Google Ventures, Kapor Capital, Data
Collective, Founders' Co-op, Thomvest Ventures, Victory Park Capital, Eagle Cliff Partners, Susa Ventures, AFSquare
Consumer Loans > PayDay
Loans > Direct Lender
$211.5M
weidai.com.cn
Weidai
(2011, Hangzhou)
P2P Lending platform in China
Shanda Group, Vision Knight Capital, HAKIM, ZSVC
Consumer Loans > Asset
Backed Loans > P2P
Marketplace
$192.2M
renovateamerica.com
Renovate America
(2010, San Diego)
Financing programs for water and energy efficient home improvements.
Draper Fisher Jurvetson, Silver Lake, RockPort Capital, Valor Equity Partners, Macquarie Group, Spring Creek Group, 400
Capital Management
Consumer Loans > Project
Financing > B2C
$170M
kreditech.com
Kreditech
(2012, Hamburg)
Personal lending based on big data points
IFC, Kreos Capital, Point Nine Capital, Amadeus Capital, Blumberg Capital, Victory Park Capital, Global Founders Capital,
Digital Pioneers, J.C. Flowers & Co. LLC, Global Founders Capital, Varde Partners, Inc., HPE Growth Capital
Consumer Loans >
Unsecured Personal Loans
> B2C
$150.5M
wacai.com
Wacai
(2008, Hangzhou)
Personal finance ledger and management app and an advisory & distributor platform
IDG Capital Partners, CBC Capital, CDH Investments, New Horizon Capital, Qiming Venture Partners
Consumer Loans >
Unsecured Personal Loans
> P2P Marketplace
$149M

50. Alternative Lending Report, September 201650
Interesting Late Stage Companies
Company Overview Business Model
Total
Funding
wonga.com
Wonga
(2007, London)
Online platform for short term personal loans.
Accel Partners, Greylock Partners, Balderton Capital, Meritech Capital, Oak Investment
Partners, Holtzbrinck Ventures, Dawn Capital, Wellcome Trust, Oak Investment Partners,
83North
Consumer Loans > PayDay Loans > Direct
Lender
$145M
harmoney.com
Harmoney
(2013, Auckland)
Online P2P lending platform.
Trade Me, P2P GLOBAL INVESTMENTS PLC, NZX.com
Consumer Loans > Unsecured Personal
Loans > P2P Marketplace
$136.1M
jimubox.com
Jimubox
(2013, )
P2P Lending marketplace
Shunwei, Investec, Mandra Capital, Matrix Partners China, Xiaomi, Ventech China,
Ventech, Magic Stone Alternative, Vertex Ventures
Consumer Loans > Unsecured Personal
Loans > P2P Marketplace
$131.2M
renewfinancial.com
Renew Financial
(2008, Oakland)
Financing solutions for renewable energy projects
Braemar Energy, NGEN Partners, Angeleno Group, Apollo Investment Corporation,
Claremont Creek Ventures, Prelude Ventures
Consumer Loans > Project Financing $125M
lendinghome.com
LendingHome
(2013, San Francisco)
Alternative loans for residential mortgages.
First Round Capital, Foundation Capital, Cowboy Ventures, Ribbit Capital, Renren, Colony
Capital
Business Loans > Mortgage Loans > P2B
Markeplace > Accredited investors
$109.3M
fundbox.com
Fundbox
(2012, San Francisco)
Invoice Financing for SMEs
SV Angel, Khosla Ventures, Spark Capital, General Catalyst Partners, Silicon Valley Bank,
Bezos Expeditions, Blumberg Capital, Entree Capital, Nyca Partners, Sound Ventures
Business Loans > Working Capital > Invoice
Financing > Discounting > Direct Lender
$107.5M
auxmoney.com
Auxmoney
(2007, Dusseldorf)
Online lending platform for P2P loans.
Index Ventures, Union Square Ventures, Foundation Capital, Partech Ventures, Aegon,
SevenVentures, SevenVentures
Consumer Loans > Unsecured Personal
Loans > P2P Marketplace
$84.72M
yinke.com
Yinke
(2013, Beijing)
Online P2P lending platform for SMEs and consumers
Kalends, Source Code Capital
Consumer Loans > Unsecured Personal
Loans > P2P Marketplace
$65M

51. Alternative Lending Report, September 201651
Funded Deadpooled Companies
Company Overview Business Model
Total
Funding
rongerong.com
Rongerong
(2012, Shenzhen)
Online real estate mortgage lending platform Business Loans > Mortgage
Loans
$10M
somolend.com
SoMoLend
(2011, Cincinnati)
Peer to peer lending platform
QED Investors, Blue Chip Venture, Queen City Angels, NYC Seed, CincyTech, North
Coast Angel Fund, LaunchHouse
Business Loans > Term Loans
> P2B Marketplace
$5.4M
nailyourmortgage.com
Nail Your Mortgage
(2009, Chicago)
Solutions for borrowers and lenders to interact in an open electronic marketplace. Aggregators > For Borrowers
> Consumer Loans
$3.1M
studentfunder.com
StudentFunder
(2012, London)
P2P platform for education loans.
Emerge Education, Wayra
Consumer Loans > Education
Loans > P2P Marketplace
$872K
thefundwell.com
FundWell
(2010, San Francisco)
Aggregator for business loans. Aggregators > For Borrowers
> Business Loans
$150K
bilbus.com
Bilbus
(2010, New York City)
Working Capital Platform
Seedcamp
Business Loans > Working
Capital
$53.3K

52. Alternative Lending Report, September 2016
Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Interesting Companies
Useful Links
Company List
Team
52

53. Alternative Lending Report, September 201653
Useful Links
Slide Title Content Platform Link
List of All Companies in readable format Companies Link
Large Upcoming Sectors Entrepreneur Activity Link
Niche Upcoming Sectors Entrepreneur Activity Link
Top investments in last one year Investment Trend Link
Top IPOs in last three years Exit Outlook - IPO, Acquisitions Link
Major Acquisitions in last one year Exit Outlook - IPO, Acquisitions Link
Consumer Loans – Most Funded Companies Sub Sector Understand Link
Business Loans – Most Funded companies Sub Sector Understand Link
Enablers – Most Funded Companies Sub Sector Understand Link
Aggregators – Most Funded Companies Sub Sector Understand Link
Funded Deadpooled Companies Companies Link

54. Alternative Lending Report, September 2016
Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Interesting Companies
Useful Links
Company List
Team
54

55. Alternative Lending Report, September 201655
Alternative Lending – Company List
Consumer Loans Business Loans Enablers Aggregators
740 FUNDED COMPANIES AND 1008 UNFUNDED COMPANIES
COVERS THE FOLLOWING SECTORS

56. Alternative Lending Report, September 2016
Consumer Loans (1/108)
Company Overview Business Model
Total
Funding
Meili Jirong
(2015, Beijing)
P2P lending platform
JD.Com, Morningside Ventures, Bertelsmann Asia Investment Fund, GX
Capital
$65M
Exchange Corporation
(2008, Tokyo)
Japanese P2P Lending Company
500 Startups, Recruit Strategic Partners, ACE and Company,
Cyberagent Ventures, SIG, Arbor Ventures
$12.8M
MILI
(2012, Moscow)
Short term micro loans
$6.1M
UangTeman
(2014, Jakarta)
Indonesia based online microlender for personal and business
purposes
Alpha JWC Ventures
$800k
Prestamos Prima
(2013, Barcelona)
Alternative Lending for Consumers
Finstar Financial Group
Enova
(2003, Chicago)
Provides online financial services to alternative credit consumers.
PerPay
(2014, Philadelphia)
Seed stage lending and payment platform
Finova Financial
(2015, San Francisco)
Direct lender for car title loans
Metamorphic Ventures, 500 Startups, MHS Capital, Coventure,
Alhamragroup
Asset Backed Loans $52.5M
Go to BM List >> Business Loans
56

57. Alternative Lending Report, September 2016
Consumer Loans (2/108)
Company Overview Business Model
Total
Funding
Pawngo
(2009, Centennial)
Asset Backed Online Loans
Access Venture Partners, Daylight Partners
Asset Backed Loans $6.95M
Valendo
(2015, Berlin)
online platform for luxury asset-backed lending
Rheingau Founders, ProSiebenSat.1 Accelerator, Finleap
Asset Backed Loans $27.48k
Lendvo
(2015, Alexandria)
Provider of working capital loans to digital businesses.
Asset Backed Loans
Tangguojr
(2014, Beijing)
Loan against automobiles
Asset Backed Loans
Cashdown Nigeria
(2014, Lagos)
Nigeria-based online asset backed lending platform.
Asset Backed Loans
GuateApuros
(2015, Mixco)
Asset backed loans platform.
Asset Backed Loans
Gelman Loan
(2015, Pittsburgh)
Asset backed loans on luxury items
Asset Backed Loans
CocheGO
(, Madrid)
Car Title Loans Provider
Asset Backed Loans
Go to BM List >> Business Loans
57

58. Alternative Lending Report, September 2016
Consumer Loans (3/108)
Company Overview Business Model
Total
Funding
ipfand
(2012, Essen)
Online pawn shop
Asset Backed Loans
GadaiBarang
(2006, Jakarta)
Online pawn lending
Asset Backed Loans
Ablrate
(2014, Singapore)
P2P lending platform operating in Singapore
Asset Backed Loans
Pinjam
(2015, Jakarta)
Asset backed loans
Asset Backed Loans
Prendamovil
(2012, Mexico City)
Personal loans with warranty of car
Asset Backed Loans
PawnHero
(2014, Manila)
Online pawn shop service provider
500 Startups, Hatchd Digital, IMJ Investment Partners
Asset Backed Loans
Lend.Me
(, )
Online lending platform with digital assets as collateral.
Asset Backed Loans
Loanzy
(2014, New York City)
Short term asset backed lending
Asset Backed Loans > B2C
Go to BM List >> Business Loans
58

59. Alternative Lending Report, September 2016
Consumer Loans (4/108)
Company Overview Business Model
Total
Funding
Assetline
(2012, Bondi)
Asset backed loans for personal and business expenses.
Asset Backed Loans > B2C
Helloan
(2012, Beijing)
Collateral backed B2C marketplace lending platform
Haodai, Lantian Holding
Asset Backed Loans > B2C >
Marketplace
$14.9M
Rupeek
(2015, Bangalore)
Alternate lending platform for gold loans Asset Backed Loans > B2C >
Marketplace
Mojo Title Loans
(2014, Burbank)
Car Title Loans Asset Backed Loans > B2C >
Marketplace
Gold Uno
(2015, Mumbai)
Online gold loan comparison Asset Backed Loans > B2C >
Marketplace
Scottsdale Title Loans
(2015, Scottsdale)
Car Title Loan Provider Asset Backed Loans > B2C >
Marketplace
Levart
(, New York City)
Loans against art work Asset Backed Loans > B2C >
Marketplace
Xiaogouqianqian
(2014, Shanghai)
Asset backed loans for SMBs Asset Backed Loans > B2C >
Marketplace
Go to BM List >> Business Loans
59

60. Alternative Lending Report, September 2016
Consumer Loans (5/108)
Company Overview Business Model
Total
Funding
Borro
(2008, London)
Alternative lending platform for asset backed loans.
Canaan Partners, OurCrowd, QED Investors, Ribbit Capital,
Augmentum Capital, European Founders Fund, Victory Park Capital,
Eden Ventures, Rocket Internet, Rockridge Investment Partners
Asset Backed Loans >
Direct Lender
$177.9M
PawnUp.com
(2011, Montreal)
A pawning service for personal asset backed loans. Asset Backed Loans >
Direct Lender
$250k
DCANS Investments
(2013, )
Direct lender for secured loans. Asset Backed Loans >
Direct Lender
Title Loan Direct
(2015, Orange County)
Direct lender for car title loans. Asset Backed Loans >
Direct Lender
LoanMart
(2001, Encino)
Lending Platform for Auto Title Loans Asset Backed Loans >
Direct Lender
Good Financial
(2010, Nevada)
Online Collateralized Lender Asset Backed Loans >
Direct Lender
PawnLoan
(2013, Oregon)
Asset backed loan against luxury assets Asset Backed Loans >
Direct Lender
ValueMax Group
(1988, Singapore)
Provides pawnbroking services and trading of luxury goods Asset Backed Loans >
Direct Lender
Go to BM List >> Business Loans
60

61. Alternative Lending Report, September 2016
Consumer Loans (6/108)
Company Overview Business Model
Total
Funding
Kamdo
(2015, Singapore)
Mobile first listing platform for pawn lending Asset Backed Loans >
Direct Lender
LiquiditySA
(2014, Johannesburg)
Asset based lender Asset Backed Loans >
Direct Lender
UltraPawn
(2012, Littleton)
Online asset-secured lending Asset Backed Loans >
Direct Lender
Luxury Asset Lending
(2009, Newport)
Asset backed, personal loans that are secured against big ticket
items.
Asset Backed Loans >
Direct Lender
plej®
(2015, Queenstown)
New Zealand based online pawning services for short term, asset
backed personal loans.
Asset Backed Loans >
Direct Lender
Zillidy
(, Canada)
Canadian alternative lending platform that provides online pawning
service.
Asset Backed Loans >
Direct Lender
ePawnMarket
(2010, Atlanta)
Online pawn shopping services that provides short term, asset
backed personal loans.
Asset Backed Loans >
Direct Lender
White Glove Capital LLC
(2013, Chicago)
Alternate lending that is secured against personal assets. Asset Backed Loans >
Direct Lender
Go to BM List >> Business Loans
61

62. Alternative Lending Report, September 2016
Consumer Loans (7/108)
Company Overview Business Model
Total
Funding
Weidai
(2011, Hangzhou)
P2P Lending platform in China
Shanda Group, Vision Knight Capital, HAKIM, ZSVC
Asset Backed Loans > P2P
Marketplace
$192.2M
Jiurong
(2014, Wuhan)
Platform for borrowers and investors which enable information
exchange
Tian Ge
Asset Backed Loans > P2P
Marketplace
$7.5M
Tutengdai
(2014, Chengdu)
Online P2P lending platform against vehicles Asset Backed Loans > P2P
Marketplace
$3M
Mintos
(2014, Riga)
An online marketplace lending platform.
Skillion Ventures
Asset Backed Loans > P2P
Marketplace
$2.21M
Pingan Licaiwang
(2014, Beijing)
Online P2P lending platform for businesses and consumers
Amphora Capital
Asset Backed Loans > P2P
Marketplace
Relendex
(2010, London)
P2P lending platform for secured loans. Asset Backed Loans > P2P
Marketplace
Boluolc
(2014, Beijing)
Asset-backed loans for commercial purposes Asset Backed Loans > P2P
Marketplace
Topzrt
(2014, Shenzhen)
Online asset backed P2P lending platform
HUIPE
Asset Backed Loans > P2P
Marketplace
Go to BM List >> Business Loans
62

63. Alternative Lending Report, September 2016
Consumer Loans (8/108)
Company Overview Business Model
Total
Funding
Qishidai
(2014, Beijing)
Online P2P based asset-backed lending platform
LeTV, Lancapital Holdings
Asset Backed Loans > P2P
Marketplace
Car Loans
(2012, Reno)
Lender and servicer for auto loans. Asset Backed Loans > P2P
Marketplace
Ablrate
(2014, England)
Peer-to-peer platform providing asset backed business loans. Asset Backed Loans > P2P
Marketplace
83Chedai
(2014, Shanghai)
Online platform for automotive mortgage based financing
Meridian Capital China
Asset Backed Loans > P2P
Marketplace
Xiaoxialicai
(2016, Shanghai)
Online asset backed loans P2P platform Asset Backed Loans > P2P
Marketplace
Edianlicai
(2015, Beijing)
P2P lending platform providing loan against art Asset Backed Loans > P2P
Marketplace
Lingxianlicai
(2014, Shenzhen)
Online based P2P lending company focused towards mortgage in
agriculture sector
Will Hunting Capital, K2 VC (Xianfeng Evergreen), 9C Capital
Asset Backed Loans > P2P
Marketplace
Saving Stream
(2012, Portsmouth)
Secured property loans Asset Backed Loans > P2P
Marketplace
Go to BM List >> Business Loans
63

64. Alternative Lending Report, September 2016
Consumer Loans (9/108)
Company Overview Business Model
Total
Funding
Silver Bullion
(2009, Singapore)
Bullion backed P2P loans Asset Backed Loans > P2P
Marketplace
Wellesley & Co
(, London)
Asset-backed P2P lending platform Asset Backed Loans > P2P
Marketplace
Unbolted
(2014, London)
Unbolted is a P2P asset backed lending platform for personal loans. Asset Backed Loans > P2P
Marketplace
FundingSecure
(2012, Theale)
Online P2P lending platform for asset backed personal loans. Asset Backed Loans > P2P
Marketplace
MoneyThing
(2014, London)
P2P lending marketplace that facilitates asset backed loans. Asset Backed Loans > P2P
Marketplace
YieldStreet
(2014, New York City)
Online lending plaform for asset-backed loans
Expansion Venture Capital, Saturn Partners, Saturn Partners
Asset Backed Loans > P2P
Marketplace > Accredited
investors
$3.7M
YiXin Capital (Daikuan)
(2015, Beijing)
Online platform for automobile financing
JD.Com, Baidu, Tencent, Yiche
Auto Loans $950M
Shenma Jinrong
(2015, Shanghai)
Mobile based loan platform
Northern Light Venture Capital, Shunwei, Frees Fund
Auto Loans $15M
Go to BM List >> Business Loans
64

65. Alternative Lending Report, September 2016
Consumer Loans (10/108)
Company Overview Business Model
Total
Funding
Credit Acceptance
(, )
Auto Loans for consumers with bad credit history
Auto Loans
PowerAutoLoan
(2015, Irvine)
Platform for auto loans.
Auto Loans
Ziploans
(2015, Vancouver)
Auto loans for consumers
Auto Loans > B2C
Chedia
(2013, Shanghai)
Online platform for automobile loans
Matrix Partners China
Auto Loans > B2C >
Marketplace
$33.56M
AutoFi
(2015, San Francisco)
Point of sale solution for financing a vehicle online
500 Startups, Crosslink Capital, Laconia Ventures, Basset Investment,
Lerer Hippeau Ventures
Auto Loans > B2C >
Marketplace
$19.5M
Chedia Bitauto
(2015, Beijing)
Car loans and insurance marketplace platform Auto Loans > B2C >
Marketplace
SpringboardAuto
(2015, Irvine)
Auto Loans Platform
Auto Loans > Direct Lender
P2phx
(2013, Guangzhou)
P2P lending platform for car loans Auto Loans > P2P
Marketplace
$16.6M
Go to BM List >> Business Loans
65

66. Alternative Lending Report, September 2016
Consumer Loans (11/108)
Company Overview Business Model
Total
Funding
Chenengdai
(2014, Ningbo)
Online P2P lending platform focused at automobile loans
IIS 8, Peeli ventures
Auto Loans > P2P
Marketplace
$1.8M
DriverUp
(2015, Austin)
Online marketplace for auto loans
RRE Ventures, SF Capital, Emerald Development Managers
Auto Loans > P2P
Marketplace > Accredited
investors
$70M
SelfScore
(2013, Palo Alto)
Credit card for International students in the US.
Accel Partners, Pelion Venture Partners, Fenway Summer, SparkLabs
Global Ventures, Aspect Ventures
Credit Builder Loans $14.5M
Float
(2014, Los Angeles)
Provides unsecured interest-free line of credit for consumers.
500 Startups, Plug and Play Tech Center, FundersClub, Camp One
Ventures
Credit Builder Loans $125k
Cedi Financial
(2015, Accra)
Credit builder loans provider
Credit Builder Loans $0.1M
ModernLend
(2014, New York City)
Provides credit builder loans.
Entrepreneurs Roundtable Accelerator
Credit Builder Loans $40K
Lenny
(2015, California)
Offers microloans to students and helps build credit scores
Credit Builder Loans
Credit Fair
(2015, Louisville)
Installment loan provider.
Credit Builder Loans
Go to BM List >> Business Loans
66

67. Alternative Lending Report, September 2016
Consumer Loans (12/108)
Company Overview Business Model
Total
Funding
Credilike
(2011, )
Helps in building credit histories through short term loans to
millenials
Village Capital, Pomona Impact
Credit Builder Loans
Self Lender
(2014, Denver)
Provider of credit builder loans.
Techstars, Silverton Partners, Kickstart Seed Fund, Kickstart Seed
Fund, Galvanize
Credit Builder Loans > B2C $2.69M
LenderExchange
(, Singapore)
Marketplace for refinancing loans.
Hatcher
Credit Card Debt
Refinancing
Quick Consolidation Loans
(2014, Cape Town)
Offers debt consolidation loans Credit Card Debt
Refinancing
Payoff
(2009, Long Beach)
Provides loans to pay off credit card debt
FirstMark Capital, Great Oaks Venture Capital, Anthemis Group,
SparkLabs Global Ventures, Innovate Partners
Credit Card Debt
Refinancing > B2C
$71.12M
SimplyCredit
(2015, San Francisco)
Credit card debt consolidation
XSeed Capital, Blumberg Capital
Credit Card Debt
Refinancing > B2C >
Marketplace
$1.5M
LENDLIFT
(2012, Atlanta)
Online P2P marketplace for credit card pay-off.
Credit Card Debt
Refinancing > P2P
Marketplace
Future Finance
(2013, Dublin)
Lending platform for Education Loans
Blackstone, QED Investors, Fenway Summer, Ridge Road Partners, 1/0
Capital
Education Loans $27.31M
Go to BM List >> Business Loans
67

68. Alternative Lending Report, September 2016
Consumer Loans (13/108)
Company Overview Business Model
Total
Funding
Skills Fund
(2015, Austin)
Student financing
Education Loans $11.5M
Vested Finance
(2015, Austin)
Income Share Agreement based education loan provider
Sandleigh Ventures, Fastforward Innovations
Education Loans $8.83M
Student Loan Genius
(2013, Austin)
Employer enabled Student Debt Management Platform
Kapor Capital, Capital Factory, Village Capital, Travis Devitt, Socratic
ventures, Michael Brogioli, Socratic Ventures, St. James Park Ventures,
Gibraltar Ventures
Education Loans $4.43M
ClimbCredit
(2014, New York City)
Offers student financing
Education Loans $3.1M
LendLayer
(2014, San Francisco)
Alternative financing for coding bootcamps
Education Loans $400k
GradSchoolLoans
(2015, Cleveland)
Loans for medical school students, resident doctors and fellows
Education Loans $225K
Stilt
(2015, San Francisco)
Online lending platform for expats in the US
Y Combinator, Investomex
Education Loans $120k
Edstart
(2016, Sydney)
Lending platform for education.
Stone and Chalk, H2 Ventures
Education Loans $100K
Go to BM List >> Business Loans
68

69. Alternative Lending Report, September 2016
Consumer Loans (14/108)
Company Overview Business Model
Total
Funding
51bangxue
(2015, Beijing)
Online student focused education loan provider
Education Loans
Mingxiaodai
(2013, Xuhui)
Lending platform for student loans
Education Loans
Eduloan
(1996, Johannesburg)
South Africa-based educational finance provider.
Education Loans
Student Finance Africa
(2015, Nairobi)
Education loan provider for post secondary education.
Education Loans
Xiaoniujh
(2015, Beijing)
Online financing platform for K-12 education loans
Angel Plus
Education Loans
Ta-Lend
(2011, Miami)
Student loans for internationals students in the US.
Education Loans
LegUp
(2016, Mumbai)
Financing for career enhancing activities
Education Loans
LENFIN
(2015, Johannesburg)
School Fee Loans
Education Loans
Go to BM List >> Business Loans
69

70. Alternative Lending Report, September 2016
Consumer Loans (15/108)
Company Overview Business Model
Total
Funding
Student Loan Freedom
(2015, Richmond)
Student loan consolidation.
Education Loans
Future Finance
(, Dublin)
Student financing
Education Loans
U-fi Student Loans
(2015, Lincoln City)
B2C platform for private student loans
Education Loans > B2C
Quotanda
(2013, Barcelona)
Student financing platform.
Education Loans > B2C
Sofi
(2011, San Francisco)
Educational loans marketplace
Morgan Stanley, SoftBank, QED Investors, Institutional Venture
Partners, Innovation Endeavors, Grail Partners, Baseline Ventures,
DCM Ventures, Ulu Ventures, Thomvest Ventures, SGVC, Renren,
Discovery Capital, East West Bank, Wellington Management, The
Bancorp, New Ground Ventures, Third Point Ventures, Baseline
Ventures
Education Loans > B2C >
Marketplace
$1.51B
CommonBond
(2011, Brooklyn)
Online lending platform for education loans.
August Capital, Tribeca Venture Partners, Victory Park Capital,
Barclays, Nelnet, DBRS, Macquarie Group, Moody, Nyca Partners,
Social Capital
Education Loans > B2C >
Marketplace
$174.65M
LendKey
(2007, New York City)
Student loans provider
Gotham Ventures, Draper Fisher Jurvetson, Silicon Valley Bank,
Updata Partners, Zelkova Ventures, TTV Capital, Brazos Group, JBR
Media Ventures
Education Loans > B2C >
Marketplace
$20M
Go to BM List >> Business Loans
70

71. Alternative Lending Report, September 2016
Consumer Loans (16/108)
Company Overview Business Model
Total
Funding
Credible
(2014, San Francisco)
An alternate lending platform for financing student loans and
refinancing student loan debt.
REDBUS, Seraph Group, Orrick, Cap-Meridian Ventures, Cthulhu
Ventures, Carthona Capital
Education Loans > B2C >
Marketplace
$13M
CoderLoan
(2014, New York City)
Online financing platform for programming courses.
Conscious Venture Lab
Education Loans > B2C >
Marketplace
$25K
Loanscribe
(2013, New York City)
Alternative lending to refinance student loan debts. Education Loans > B2C >
Marketplace
Sixup
(2014, San Francisco)
Education finance platform
Western Technology Investment, Learn Capital, Accelerator Ventures
Education Loans > B2C >
Marketplace
PYT Funds
(2014, Washington)
Merger of donation based crowdfunding and lending to finance
college education
FinTech Innovation Lab
Education Loans > B2C >
Marketplace
Earnest
(2013, San Francisco)
Alternative lending platform for refinancing student debt
First Round Capital, Andreessen Horowitz, Atlas Venture, Maveron,
Battery Ventures, Correlation Ventures, Adams Street Partners,
Collaborative Fund, Designer Fund, New York Life Insurance,
QueensBridge Venture Partners, Accomplice, Spectrum, Propel
Venture Partners
Education Loans > Direct
Lender
$107M
College Ave
(2014, Wilmington)
Student loans marketplace
Comcast Ventures, Fenway Summer, Dw Investments, Fenway
Summer Ventures
Education Loans > Direct
Lender
$20M
Go to BM List >> Business Loans
71

72. Alternative Lending Report, September 2016
Consumer Loans (17/108)
Company Overview Business Model
Total
Funding
Smart-Pig
(2011, London)
Offers student top-up loans Education Loans > Direct
Lender
Prodigy Finance
(2007, London)
Online platform for community loans for international business
school students.
Balderton Capital
Education Loans > P2P
Marketplace
$13.7M
Funding-University
(2015, Atlanta)
Lending platform for student loans.
Bezos Expeditions
Education Loans > P2P
Marketplace
$1M
StudentFunder
(2012, London)
P2P platform for education loans.
Emerge Education, Wayra
Education Loans > P2P
Marketplace
$872K
qifang
(2007, Shanghai)
China's Online Student Loan Community Education Loans > P2P
Marketplace
$200k
Shared Interest
(, Brooklyn)
P2P lending platform for student loan debt refinancing. Education Loans > P2P
Marketplace
TuitionCoin
(2014, Leesburg)
Student loan refinancing, servicing and investment platform Help
us build a better lending system one loan and investor at a time.
Education Loans > P2P
Marketplace
Trustio
(2016, Delhi)
Platform to avail short term student loans from college alumni Education Loans > P2P
Marketplace
Go to BM List >> Business Loans
72

73. Alternative Lending Report, September 2016
Consumer Loans (18/108)
Company Overview Business Model
Total
Funding
GraduRates
(2012, )
Peer to peer loans for postgraduate study financing. Education Loans > P2P
Marketplace
Hxjx360
(2014, Chengdu)
P2P lending platform aimed at younger generation Education Loans > P2P
Marketplace
Splendit
(2014, Zurich)
P2P lending for student loans Education Loans > P2P
Marketplace
Gopher
(2015, Dallas)
Peer-to-peer lending platform for healthcare professionals
Collide Village
Education Loans > P2P
Marketplace
Gyandhan
(2015, Delhi)
Education financing marketplace
Stanford Angels & Entrepreneurs India
Education Loans > P2P
Marketplace
Vote4Edu
(2015, Hyderabad)
P2P lending marketplace platform for education loans Education Loans > P2P
Marketplace
Redfin
(, Mexico)
Peer-to-peer lending for Postgraduate business communities Education Loans > P2P
Marketplace
Aspiro Funding
(2013, London)
Social Education Crowdfunding Platform Education Loans > P2P
Marketplace
Go to BM List >> Business Loans
73

74. Alternative Lending Report, September 2016
Consumer Loans (19/108)
Company Overview Business Model
Total
Funding
DANA didik
(2015, Jakarta)
An online lending platform for education loans Education Loans > P2P
Marketplace
Duckling
(, New York City)
Provides student loans by pooling funds from students. Education Loans > P2P
Marketplace
EdAid
(2011, London)
Online lending marketplace for student loans. Education Loans > P2P
Marketplace
CapAlly
(2007, Chicago)
An online P2P lending platform for financing student loan debt. Education Loans > P2P
Marketplace
MPOWER Financing
(2014, Washington D.C.)
Online marketplace for student loans.
Baltimore Angels, Village Capital, 1776, Panther Angels
Education Loans > P2P
Marketplace > Accredited
investors
$4M
Edudream
(2014, )
B2C Marketplace for education loans
Education Loans > P2P
Marketplace > Accredited
investors
zebit
(2011, Middlesex)
Short Term Employer Loans
Mohr Davidow Ventures, QED Investors, Correlation Ventures,
Crosslink Capital, Leapfrog Ventures, Wildcat Venture Partners
Employer Loans $35M
Neyber
(2014, London)
Offers loans to employees which are repaid through salary
deduction Employer Loans $12.35M
Go to BM List >> Business Loans
74

75. Alternative Lending Report, September 2016
Consumer Loans (20/108)
Company Overview Business Model
Total
Funding
SalaryFinance
(2015, London)
Online lending platform for employer loans.
Bright Bridge Ventures
Employer Loans $10.4M
Fljr001
(2015, Guangzhou)
Online lending platform for employees of different enterprises
Employer Loans $1.2M
Ziero
(2015, San Francisco)
Online platform for employer loans.
Ferst Capital
Employer Loans $150k
Contigo Financial
(2012, Nashville)
Employer loans provider.
Solidus, Jumpstart Foundry, Jumpstart Foundry
Employer Loans $15K
Liquick
(, Mexico City)
Platform offering employer loans.
Employer Loans
Venmetro
(2015, )
Offers employer loans
Employer Loans
OpenTap
(2014, Chennai)
Peer to peer lending marketplace
Employer Loans
Kashable
(2013, New York City)
Employer loans
Raptor Group, Krillion Ventures, Corigin Ventures
Employer Loans
Go to BM List >> Business Loans
75

76. Alternative Lending Report, September 2016
Consumer Loans (21/108)
Company Overview Business Model
Total
Funding
MEDILOAN
(2012, Cape Town)
Helping companies provide loans to staff
Employer Loans
Prima Health Credit
(2009, Newport Beach)
Healthcare focused marketplace lender
Healthcare Loans $1M
Medmonk
(2012, Cupertino)
Provide financial assistance to patients who are unable to pay for
medical treatments and thus improving adherence
Rock Health
Healthcare Loans
Patient Lending
(2014, Mesa)
Provider of finance for medical & dental expenses.
Healthcare Loans
GetHonestPay
(2016, Bangalore)
Healthcare financing options
Healthcare Loans
Medicard Finance
(1996, Toronto)
Canada-based patient finance provider.
Healthcare Loans
Springstone Financial LLC
(2003, Westborough)
Patient financing solutions
Healthcare Loans
Prosper Healthcare
(2009, Salt Lake City)
Online healthcare financing platform
Healthcare Loans
Go to BM List >> Business Loans
76

77. Alternative Lending Report, September 2016
Consumer Loans (22/108)
Company Overview Business Model
Total
Funding
Finrise
(2015, San Mateo)
Offers healthcare financing
iAngels, NFX Guild
Healthcare Loans
First Health Finance
(2008, Cape Town)
Offers loans for medical procedures
Healthcare Loans
MediFin
(2012, Cape Town)
Offers loan for medical procedures
Healthcare Loans
MediPay
(2015, )
Payment plans for medical and dental procedures.
Healthcare Loans
Crediyo
(2014, New York City)
Lending platform for healthcare loans.
Healthcare Loans
easymedicalloan.com
(, Tustin)
Financing to patients and healthcare practices
Healthcare Loans
Fertility Funds
(2013, New York City)
Online lender for fertility procedures for women.
Healthcare Loans
United Medical Credit
(2011, Santa Ana)
Lending platform for medical credit Healthcare Loans > B2C >
Marketplace
Go to BM List >> Business Loans
77

78. Alternative Lending Report, September 2016
Consumer Loans (23/108)
Company Overview Business Model
Total
Funding
AmicCARE
(2014, Beverly Hills)
P2P platform for personal loans Healthcare Loans > B2C >
Marketplace
58fangdai
(2015, Nanjing)
Lending platform providing rent installment service
9FBank, China Renaissance, AC Index Fund, Will Hunting Capital,
Zhongcheng capital
Home Rentals $20.17M
Huifenqi
(2014, Beijing)
Online platform for loans to users for paying home rentals
Source Code Capital
Home Rentals $5.6M
ZU-BA
(2014, Beijing)
Lending platform for house rentals
K2 VC (Xianfeng Evergreen), CyberAgent Ventures
Home Rentals $1.8M
WeZebra
(2014, Beijing)
Online platform that provides loans for home rental
Renaissance Venture Capital Fund, Fenqile, N5Capital
Home Rentals $771k
Dashu Finance
(2014, Shenzhen)
Online small and micro loan platform
Sequoia Capital, PAG
Micro Loans $92.8M
Branch
(2014, San Francisco)
Short term lending mobile application.
Andreessen Horowitz, Formation 8, Khosla Impact
Micro Loans $10.6M
Musoni
(2009, Nairobi)
Nairobi-based micro-finance provider.
Oikocredit
Micro Loans $1.3M
Go to BM List >> Business Loans
78

79. Alternative Lending Report, September 2016
Consumer Loans (24/108)
Company Overview Business Model
Total
Funding
L-Pesa Microfinance
(2014, Dodoma)
Mobile based microfinance services in Africa and India
Micro Loans
M-pepea credit
(2011, Nairobi)
Mobile-based micro loans provider.
88mph
Micro Loans
4G Capital
(2012, )
Micro credit provider specializing in financial inclusion of self-
employed across Africa.
GSMA
Micro Loans
Blossom
(2014, San Francisco)
Blockchain-based micro loans for businesses.
Micro Loans
Ellis Microfinance
(2006, Tema)
Micro loans in Ghana
Micro Loans
Ndiza Finance
(2009, )
Micro loans to entrepreneurs
Micro Loans
Vittana
(2009, Seattle)
Education Microfinance Lender
Google
Micro Loans
Blossom Finance
(2014, Jakarta)
Islamic micro-financing in Indonesia using bitcoin
Micro Loans
Go to BM List >> Business Loans
79

80. Alternative Lending Report, September 2016
Consumer Loans (25/108)
Company Overview Business Model
Total
Funding
MoneyVeo
(, Kiev)
Online Micro loans
Micro Loans
Kueski
(2012, Guadalajara)
Micro-loans for Mexican Republic
CrunchFund, Richmond Global, Victory Park Capital, Rise Capital,
GAIN Guadalajara Angel Investor Network, Core Ventures Group,
Auria Capital, Angel Ventures, Variv Capital
Micro Loans > Direct
Lender
$11.3M
Accion
(1994, San Antonio)
Nonprofit microfinance company Micro Loans > Direct
Lender
Batian Capital
(2015, Nairobi)
Batian Capital Limited - Lending with a purpose Micro Loans > Direct
Lender
Makanda Finance
(2010, )
Direct Lender for micro loans Micro Loans > Direct
Lender
9FBank
(2006, Beijing)
P2P microfinance credit provider
IDG Capital Partners, SIG China, Grandis Capital
Micro Loans > P2P
Marketplace
$114.6M
Shoujidai
(2014, Shanghai)
Mobile finance app that provides micro loans
Sequoia Capital, Zero2IPO, Blue Lake Capital
Micro Loans > P2P
Marketplace
$45M
Kiva
(2005, San Francisco)
A non profit organisation for international P2P microfinance
lending
Micro Loans > P2P
Marketplace
$9M
Go to BM List >> Business Loans
80

81. Alternative Lending Report, September 2016
Consumer Loans (26/108)
Company Overview Business Model
Total
Funding
Milaap
(2010, Bangalore)
Online microlending and donation based crowdfunding platform
Jungle Ventures, Unitus Seed Fund, First Light Ventures, Khosla
Impact, LionRock Capital
Micro Loans > P2P
Marketplace
$1.35M
Lendahand
(2011, Rotterdam)
Microfinance P2P lending platform Micro Loans > P2P
Marketplace
$0.9M
Mobp2p
(2013, Shanghai)
Mobile based P2P lending platform
Glory Ventures
Micro Loans > P2P
Marketplace
Deki
(2008, Stokes)
P2P lending marketplace for micro loans. Micro Loans > P2P
Marketplace
Eweidai
(2013, Shenzhen)
Online P2P lending platform Micro Loans > P2P
Marketplace
Microwd
(2015, Madrid)
Microfinance lending marketplace. Micro Loans > P2P
Marketplace
Amartha
(2010, Bogor)
Microfinance P2P lending platform. Micro Loans > P2P
Marketplace
Pi Slice
(2012, Dubai)
Online micro lending platform in MENA region Micro Loans > P2P
Marketplace
Go to BM List >> Business Loans
81

82. Alternative Lending Report, September 2016
Consumer Loans (27/108)
Company Overview Business Model
Total
Funding
51Give
(2007, Beijing)
Online micro lending patform Micro Loans > P2P
Marketplace
LendforPeace
(2008, New York City)
P2P microlending platform Micro Loans > P2P
Marketplace
GandengTangan
(2015, Jakarta)
P2P lending platform for social impact Micro Loans > P2P
Marketplace
MicroGraam
(2009, Bangalore)
P2P lending microfinance marketplace Micro Loans > P2P
Marketplace
p2p Microfinance
(2010, Pilani)
Peer to peer microfinance platform Micro Loans > P2P
Marketplace
WeCareIndia
(2011, Gulbarga)
P2P lending platform for social investors. Micro Loans > P2P
Marketplace
RangDe
(2008, Bangalore)
Non-Profit Microcredit Portal
The World Bank Group, Millennium Alliance
Micro Loans > P2P
Marketplace
MyC4
(2006, Copenhagen)
A microlending platform for business loans in Africa. Micro Loans > P2P
Marketplace
Go to BM List >> Business Loans
82

83. Alternative Lending Report, September 2016
Consumer Loans (28/108)
Company Overview Business Model
Total
Funding
Kubaru Microfinance
(2011, London)
P2P micro-lending platform for entrepreneurs in post-disaster
areas
Micro Loans > P2P
Marketplace
LendFu
(2013, San Francisco)
An alternate marketplace for borrowers and lenders to
access/facilitate personal and payday loans.
Micro Loans > P2P
Marketplace
Zidisha
(2009, Sterling)
P2P microlending platform
Y Combinator
Micro Loans > P2P
Marketplace
HomeKuber
(2016, Delhi)
Home loans marketplace
Mortgage Loans
Abu Dhabi Finance
(2008, Abu Dhabi)
Mortgage lender for residential and commercial property in the
Emirates of Abu Dhabi and Dubai Mortgage Loans
PartnerOwn
(2014, )
Online lending platform for mortgage loans.
Mortgage Loans
Expedite Financial
(2014, San Francisco)
Mortgage lending platform.
Mortgage Loans
Rate Gator
(2015, Saratoga Springs)
An online mortgage marketplace.
Mortgage Loans
Go to BM List >> Business Loans
83

84. Alternative Lending Report, September 2016
Consumer Loans (29/108)
Company Overview Business Model
Total
Funding
Lenda
(2012, )
An alternate lending platform for refinancing mortgages.
500 Startups, Lakestar, Winklevoss Capital, Structure Capital, Quest
Ventures, China Growth Capital, Rubicon, MetaProp NYC, Cherry
Ventures
Mortgage Loans > B2C $3.65M
DDJF
(2015, Shenzhen)
Real estate loans platform
Sequoia Capital, PAG
Mortgage Loans > B2C
ditech
(1995, Fort Washington)
An alternate lending solution for home loans.
Mortgage Loans > B2C
RatesForUs
(2015, Philadelphia)
B2C marketplace for mortgage loans. Mortgage Loans > B2C >
Marketplace
Homeloans
(1985, Perth)
Home loans provider Mortgage Loans > B2C >
Marketplace
bijBouwe
(2015, Amsterdam)
Online mortgage lender. Mortgage Loans > B2C >
Marketplace
Magiera Mortgage
(2015, Chicago)
Platform for applying mortgage loans. Mortgage Loans > B2C >
Marketplace
loanDepot
(2010, Foothill Ranch)
Online platform for consumer loans.
Parthenon Capital Partners
Mortgage Loans > Direct
Lender
$71.95M
Go to BM List >> Business Loans
84

85. Alternative Lending Report, September 2016
Consumer Loans (30/108)
Company Overview Business Model
Total
Funding
Better Mortgage
(2014, New York City)
Alternative lender for Mortgage loans and refinance
IA Venttures, Goldman Sachs, Pine Brook Partners, Global Asset
Capital, 1/0 Capital
Mortgage Loans > Direct
Lender
$52.1M
Clara
(2000, San Francisco)
Online lending platform for home financing.
Redpoint Ventures, Venrock
Mortgage Loans > Direct
Lender
$27M
Privlo
(2011, Pasadena)
Online lending platform for mortgage loans.
Spark Capital, QED Investors
Mortgage Loans > Direct
Lender
$8.6M
Quicken Loans
(1985, Detroit)
Mortgage lending firm.
Camelot Venture Group
Mortgage Loans > Direct
Lender
Ventana Loans
(2015, Gilbert)
Mortgage Loans Provider Mortgage Loans > Direct
Lender
B.E. Lending
(2015, Phoenix)
Short-term, private money loans provider for Real Estate investors. Mortgage Loans > Direct
Lender
Landbay
(2013, London)
A P2P lending platform for residential mortgage investments.
Seedrs, Omni
Mortgage Loans > P2P
Marketplace
$8.33M
Gujinsuo
(2014, Shenzhen)
Consumer focused P2P lending platform
Small Ville Financial Advisor
Mortgage Loans > P2P
Marketplace
Go to BM List >> Business Loans
85

86. Alternative Lending Report, September 2016
Consumer Loans (31/108)
Company Overview Business Model
Total
Funding
Neat Capital
(2015, Boulder)
Online lending platform for mortgage loans. Mortgage Loans > P2P
Marketplace
Robin Hood Mortgages
(2014, London)
Online P2P lending platform for mortgage loans. Mortgage Loans > P2P
Marketplace
D.com.cn
(2011, Shanghai)
Mortgage based P2P lending platform
Ample Harvest Capital
Mortgage Loans > P2P
Marketplace
GoLend
(2013, Hong Kong)
P2P lending platform for mortgage loans. Mortgage Loans > P2P
Marketplace
Txdai
(2014, Beijing)
Online P2P lending platform for mortgages Mortgage Loans > P2P
Marketplace
Wanjiajinfu
(2014, Beijing)
P2P lending platform for real estate financing service
Shenzhen Oriental Fortune Capital Management
Mortgage Loans > P2P
Marketplace
Jungo
(2015, Amsterdam)
P2P Lending for Mortgage Loans With our platform, everyone
wins!
Mortgage Loans > P2P
Marketplace
INTERACTIVESHARES
(2014, Washington D.C.)
Real estate crowdfunding platform Mortgage Loans > P2P
Marketplace
Go to BM List >> Business Loans
86

87. Alternative Lending Report, September 2016
Consumer Loans (32/108)
Company Overview Business Model
Total
Funding
Viventor
(2015, Barcelona)
P2P lending platform dealing in loans backed by mortgages Mortgage Loans > P2P
Marketplace
PeerStreet
(2013, Los Angeles)
Marketplace for secured real estate loans.
Rembrandt Venture Partners, Felicis Ventures, Guggenheim Partners,
Montage Ventures
Mortgage Loans > P2P
Marketplace > Accredited
investors
$6.1M
MoneyMan
(2011, Moscow)
Online payday loans
Emery Capital
PayDay Loans $9M
Sipicredito
(2015, )
Online lending platform for payday loans.
PayDay Loans
Kredicity
(2016, Medellin)
Online lending platform for payday loans.
PayDay Loans
The Advancer
(2015, )
Online lending platform for payday loans.
PayDay Loans
CASHe
(2016, Mumbai)
Mobile first payday loan platform
PayDay Loans
Rapicredit
(2013, Bogota)
Online lending platform for payday loans.
PayDay Loans
Go to BM List >> Business Loans
87

88. Alternative Lending Report, September 2016
Consumer Loans (33/108)
Company Overview Business Model
Total
Funding
Lineru
(2011, )
Online platform for payday loans.
PayDay Loans
Mkobo
(2015, Lagos)
Offers payday loans
PayDay Loans
Shield
(2013, Nairobi)
Offers payday loans
PayDay Loans
Paylater
(, Lagos)
Short term consumer lending
PayDay Loans
Rupeelend
(2014, Delhi)
Pay day loan platform
PayDay Loans
Boodle
(2007, Johannesburg)
Online Payday loans
PayDay Loans
Kadki
(2015, Pune)
Online short term lending platform
PayDay Loans
kredit24
(2013, )
Offers payday loans
PayDay Loans
Go to BM List >> Business Loans
88

89. Alternative Lending Report, September 2016
Consumer Loans (34/108)
Company Overview Business Model
Total
Funding
Platiza
(2011, Moscow)
Online short-term loans
FINAM Global, Flint Capital
PayDay Loans
GetBucks
(2011, Port Louis)
Provides payday loans
TLG Capital
PayDay Loans
SafetyNet Credit
(2011, London)
Direct lender for short term loans
PayDay Loans
Moneyveo
(2013, Kiev)
Online short term microfinance company in Ukraine
PayDay Loans
Apoyos Express
(2014, Mexico)
Payday Loans
PayDay Loans
Vexcash
(2012, Berlin)
Lending platform for payday loans
PayDay Loans > B2C $1.4M
Kener Lending
(2014, Houston)
Israel-based online lending platform for short-term loans. PayDay Loans > B2C >
Marketplace
LendUp
(2012, San Francisco)
Payday loans direct lender
Y Combinator, Andreessen Horowitz, SV Angel, KPCB, QED Investors,
GV, Google Ventures, Kapor Capital, Data Collective, Founders' Co-op,
Thomvest Ventures, Victory Park Capital, Eagle Cliff Partners, Susa
Ventures, AFSquare
PayDay Loans > Direct
Lender
$211.5M
Go to BM List >> Business Loans
89

90. Alternative Lending Report, September 2016
Consumer Loans (35/108)
Company Overview Business Model
Total
Funding
Wonga
(2007, London)
Online platform for short term personal loans.
Accel Partners, Greylock Partners, Balderton Capital, Meritech
Capital, Oak Investment Partners, Holtzbrinck Ventures, Dawn
Capital, Wellcome Trust, Oak Investment Partners, 83North
PayDay Loans > Direct
Lender
$145M
ZestCash
(2009, Los Angeles)
A microlending platform for short term loans.
Lightspeed Venture Partners, Upfront Ventures, Matrix Partners,
Flybridge Capital Partners, Victory Park Capital, Lighthouse Capital
Partners
PayDay Loans > Direct
Lender
$92M
MoneyMe
(2013, Sydney)
Lending Platform for Payday loans PayDay Loans > Direct
Lender
$31M
EarlySalary
(2015, Pune)
NBFC linked lending platform for consumer loans
Transcorp International
PayDay Loans > Direct
Lender
$1.5M
L.O.A.F.
(2013, London)
Payday loans
Premia Capital
PayDay Loans > Direct
Lender
$0.25M
KiaKia
(2015, Abuja)
Online lending platform for payday loans. PayDay Loans > Direct
Lender
Quid24
(2010, London)
Lender for short term loans. PayDay Loans > Direct
Lender
Go to BM List >> Business Loans
90

91. Alternative Lending Report, September 2016
Consumer Loans (36/108)
Company Overview Business Model
Total
Funding
Rosmicrocredit
(2013, Moscow)
Lender for short term loans. PayDay Loans > Direct
Lender
paydayone
(2002, Fort Worth)
Provider of payday loan.
Authosis Ventures
PayDay Loans > Direct
Lender
Dollars Direct
(2009, )
Canada based online payday lender. PayDay Loans > Direct
Lender
DoctorCash
(, Makati)
Philippine-based payday lender. PayDay Loans > Direct
Lender
Viva Credit IFN SA
(2010, Bucharest)
Romania-based payday lender. PayDay Loans > Direct
Lender
GoDay
(2012, Toronto)
Canada-based online short term lender. PayDay Loans > Direct
Lender
MoneyMan
(2011, Espana)
Lending platform for payday loans PayDay Loans > Direct
Lender
QueBueno.es
(2011, Espana)
Lending platform for payday loans PayDay Loans > Direct
Lender
Go to BM List >> Business Loans
91

92. Alternative Lending Report, September 2016
Consumer Loans (37/108)
Company Overview Business Model
Total
Funding
Money Mouse
(2014, Pretoria)
Payday Loans - Direct Lender PayDay Loans > Direct
Lender
QuickQuid
(2007, London)
Payday loan platform — Visit our blog,
http://quickquid.co.uk/quid-corner
PayDay Loans > Direct
Lender
WongaZA
(2010, Cape Town)
Online payday lender PayDay Loans > Direct
Lender
Loan Shop
(2008, Pretoria)
Lender for payday loans PayDay Loans > Direct
Lender
Mulah
(2013, Garsfontein)
Provides payday loans PayDay Loans > Direct
Lender
wanna loan
(2011, Cape Town)
Provides Payday Loans in South Africa PayDay Loans > Direct
Lender
My Payday Loans
(2013, )
Offers payday loans in South Africa PayDay Loans > Direct
Lender
LittleLoans
(2014, Johannesburg)
Direct lender for payday loans PayDay Loans > Direct
Lender
Go to BM List >> Business Loans
92

93. Alternative Lending Report, September 2016
Consumer Loans (38/108)
Company Overview Business Model
Total
Funding
Loan Ranger
(2012, Perth)
Online direct lender for short term loans
LiberumCapital
PayDay Loans > Direct
Lender
Finance27
(2010, Johannesburg)
Online lending platform for payday loans. PayDay Loans > Direct
Lender
MoneyForAll
(2013, Johannesburg)
Provides short term loans PayDay Loans > Direct
Lender
Quidie
(2012, London)
Payday Loans PayDay Loans > Direct
Lender
Nextcredit
(, )
Provides payday loans PayDay Loans > Direct
Lender
Mr Lender
(2009, Essex)
Payday lender PayDay Loans > Direct
Lender
Telecredit.ro
(2014, Bucharest)
Online platform for short term loans. PayDay Loans > Direct
Lender
Twinero
(2011, Barcelona)
Offers short-term micro-loans. PayDay Loans > Direct
Lender
Go to BM List >> Business Loans
93

94. Alternative Lending Report, September 2016
Consumer Loans (39/108)
Company Overview Business Model
Total
Funding
Lending Stream
(2008, Edgware)
Payday loan cash advances. PayDay Loans > Direct
Lender
cohete
(2013, Miguel Hidalgo)
Provides payday loans. PayDay Loans > Direct
Lender
MobiLender
(2013, Jalisco)
Provides micro, payday loans. PayDay Loans > Direct
Lender
RISE Credit
(2013, Fort Worth)
Provides emergency loans. PayDay Loans > Direct
Lender
Fido Money Lending
(2014, Accra)
Short-term loans PayDay Loans > Direct
Lender
Savelend
(2013, Gavle)
P2P lending platform for short term loans. PayDay Loans > P2P
Marketplace
QuickCredit
(2015, Hyderabad)
P2P lending platform for short term loans. PayDay Loans > P2P
Marketplace
Lender
(2016, Tempe)
P2P lending platform for anonymous short term loans. PayDay Loans > P2P
Marketplace
Go to BM List >> Business Loans
94

95. Alternative Lending Report, September 2016
Consumer Loans (40/108)
Company Overview Business Model
Total
Funding
Vote4Cash
(2014, Hyderabad)
Online P2P payday loans marketplace PayDay Loans > P2P
Marketplace
Webtransfer
(2005, London)
P2P lending platform for short term loans PayDay Loans > P2P
Marketplace
Renew Financial
(2008, Oakland)
Financing solutions for renewable energy projects
Braemar Energy, NGEN Partners, Angeleno Group, Apollo Investment
Corporation, Claremont Creek Ventures, Prelude Ventures
Project Financing $125M
Ygrene Energy Fund
(2009, Santa Rosa)
Offers clean energy financing solutions
Project Financing
Greenworks Lending
(2015, Stamford)
Origination and lending platform for commercial building.
Project Financing
Renovate America
(2010, San Diego)
Financing programs for water and energy efficient home
improvements.
Draper Fisher Jurvetson, Silver Lake, RockPort Capital, Valor Equity
Partners, Macquarie Group, Spring Creek Group, 400 Capital
Management
Project Financing > B2C $170M
Mosaic
(2011, Oakland)
Residential solar financing provider
Verizon, Warburg Pincus, Department of Energy (US), Obvious
Ventures, Core VC, Spring Ventures, Serious Change, Toniic,
dzbank.com, greenbank.ny.gov
Project Financing > B2C >
Marketplace
$247M
Go to BM List >> Business Loans
95

96. Alternative Lending Report, September 2016
Consumer Loans (41/108)
Company Overview Business Model
Total
Funding
Geostellar
(2011, Reston)
Solar energy marketplace and patented platform to instantly &
interactively tailor equipment, financing and installation.
Department of Energy (US), Flash Forward Ventures, GeoEye
Analytics, NRG Energy, Select Venture Partners
Project Financing > B2C >
Marketplace
$18.91M
Wunder
(2013, Boulder)
Financing for commercial solar PV systems
Techstars, Fenway Summer, FinTech Collective
Project Financing > P2P
Marketplace
$4.45M
The Sun Exchange
(2014, Cape Town)
Peer to peer lending for solar energy projects Project Financing > P2P
Marketplace
Qufenqi
(2014, Beijing)
Online microloan / installment plan provider for e-commerce
purchases
Alipay, BlueRun Ventures, Kunlun, Kalends, Source Code Capital, ICH
Group
Purchase Financing $874M
Fenqile
(2013, Shenzen)
Online microloan e-commerce
JD.Com, Matrix Partners China, SS&C Technologies, Bertelsmann Asia
Investment Fund
Purchase Financing $345M
Klarna
(2005, Stockholm)
Provides purchase financing and late payment options.
Sequoia Capital, General Atlantic, Atomico, QED Investors, DST Global,
Northzone, Lakestar, GP Bullhound, Oresund Investments
Purchase Financing $289.79M
Aixuedai
(2012, Hangzhou)
Online microloan / installment plan provider for e-commerce
purchases
Bank of Zhejiang Investment Fund
Purchase Financing $88.62M
Go to BM List >> Business Loans
96

97. Alternative Lending Report, September 2016
Consumer Loans (42/108)
Company Overview Business Model
Total
Funding
P Omni Prime
(2014, Shanghai)
Mobile based purchase finance solution
Sequoia Capital, Morningside Ventures, Renren, Shunwei, China
Renaissance
Purchase Financing $65M
SmartPay Lease
(2009, San Francisco)
Purchase Finance
Investor Growth Capital
Purchase Financing $37M
Figtree Financing
(2010, San Diego)
PACE financing provider for property owners.
Purchase Financing $30M
Paidy
(2008, Tokyo)
Provides purchase finance and "pay later" options.
500 Startups, ITOCHU Corporation, Recruit Strategic Partners,
Cyberagent Ventures, SIG, SIG China, Arbor Ventures, SBI Holdings, MS
Capital, Cherubic Ventures, Eight Roads Ventures
Purchase Financing $23.3M
ZIPMONEY
(2013, Sydney)
Online payments and consumer finance lending for eCommerce and
retail
Victory Park Capital
Purchase Financing $21.6M
BorrowDay
(2015, Beijing)
Online platform to buy online goods primarily electronics on
installments Purchase Financing $16M
NewComLink
(2008, Austin)
Lending platform for PoS purchase financing.
StarVest Partners, Austin Ventures
Purchase financing $16M
Blispay
(2014, Baltimore)
A mobile based credit product
NEA, FirstMark Capital, Founder Collective, TriplePoint Capital,
Maiden Lane, Accomplice
Purchase Financing $14M
Go to BM List >> Business Loans
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