WeFinance
| Type of business | Private company |
|---|---|
| Available in | English |
| Headquarters | San Francisco, United States |
| Founder(s) | Eric Mayefsky Willy Chu |
| Website | wefinance |
| Commercial | Yes |
| Current status | Active |
WeFinance is a technology-enabled platform connecting lender with borrowers, headquartered in San Francisco. The platform allows borrowers to pick their own interest rate, length, and other terms. Typical loans are non-restrictive and can be used towards educational expenses, tuition refinancing, coding bootcamps, or moving.
The platform is compared to Kiva or Kickstarter since it focuses on stories and relationships over credit scores.
In 2016, WeFinance partnered with Reactor Core, the parent company of Hack Reactor and MakerSquare, to create a platform where graduates can lend to incoming students.
WeFinance has raised capital from 500 Startups,Stanford's StartX, and Graph Ventures.
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