Weemba, an online platform that matches borrowers to lenders, reached its first six month mark yesterday. The startup has seen continuous growth, and provides some stats:
Lending platform:
- 2,000 borrowers
- 45 lenders
- 500 loan projects
- Average loan amount of $75,000
- Over 3x increase in number of loan projects since October 2011
Loan types:
- Personal loans: just under 50%
- Home & mortgage: 21%
- Small business: 11%
- Car/motorcycle/RV/ATV: 9%
- Student loans: 5%
- Healthcare: 4%
To learn more about Weemba, watch its FinovateFall 2011 demo.