Source: GeekWire

Fig Loans: Techstars Seattle grad Fig Loans raises $2.6M for payday loan alternative

Fig Loans has just completed a $2.6 million seed round for its service that offers a payday loan alternative. The New York City-based company raised the funding from Access Ventures, Arrow Venture Partners, Tubergen Ventures, and Village Capital. Bizible co-founder Aaron Bird; Remitly co-founder Shivaas Gulati; and Wharton professor Peter Fader also invested. Founded in 2015 and a 2016 graduate of the Techstars Seattle accelerator, Fig Loans provides "installment loans" for low-income Americans. It offers a lower APR and fewer monthly payments than what is available from traditional payday loans. The idea is to help people re-enter the traditional credit markets. Fig... Read More

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Jeffrey Zhou's photo - President & CEO of Fig Loans

President & CEO

Jeffrey Zhou

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Fig Tech is an online lending platform that allows users to apply for refinancing, mortgages and personal loans. Read more