SoMoLend
Company

Last deal

$2.2M

Amount

Seed

Stage

28.03.2013

Date

3

all rounds

$4.23M

Total amount

date founded

Financing round

General

About Company
SoMoLend was a lending platform that allowed small businesses to raise debt financing from friends, family, customers and local banks.

Industry

Sector :

Subsector :

founded date

11.05.2011

Operating Status

Closed (20.08.2014)

Number of employees

Company Type

For Profit

Last funding type

Seed

IPO status

Private

Description

SoMoLend was a unique and transparent portal that connected investors with local businesses seeking funding. It aimed to support small businesses that were not being served by traditional funding sources by promoting peer-to-peer lending and providing a safe and secure platform for investment. The company's mission was to assist local businesses, help entrepreneurs grow, and allow lenders to invest in the companies and ideas they believed in. Unfortunately, SoMoLend ceased operations in August 2014.
Contacts

Contact Email

Phone number

Social url

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