Pave @pave

Startup, New York, NY – 1/10/2017 employees

Pave is a marketplace lender focused on providing credit to the millennial generation. We allow individuals to borrow money to fund their career and financial development. Our loans are 2 and 3 year installment loans and range from $3,000 to $25,000 with interest rates starting as low as 6%.

Millennial's, those aged 20 - 35 years old account for the largest segment of the US population and number approximately 80mm. Since 2008 and the financial crisis a huge amount of these individuals have been unable to access affordable credit due to the regulatory changes and due to having a "thin credit file". Its therefore not surprising that this generation has a fundamental mistrust of the banking system.

We've developed a unique algorithm that lets us lend to these thin files on an attractive risk adjusted basis. Further, by personalizing the user experience, adding transparency to the process and a heightened sense of customer service we're already seeing a great reaction to our product. December 2012Pave is an online marketplace focused on providing credit to the millennial generation.

The Borrowers:
Individuals typically aged 20-35 years and looking to borrow money to: (1) fund skills based further education such as coding courses; (2) relocation and related living expenses; (3) refinance credit card debt.

The Lenders
(1) Accredited Investors; and (2) Institutions, such as credit funds and family offices.