LoanMeet
A Peer To Peer P2P lending marketplace.
Description
LoanMeet was a peer to peer lending platform that borrowers could use to get a personal or a business loan rom lenders. It enabled the borrowers to raise money from multiple lenders, and helped lenders earn good returns on their investment.
Legal Name
-
Former Legal Name(s)
-
Company Reputation
-
Entity Type
Private limited company
Ownership Status
-
Operational Status
Inactive
Founded Date
1 Jan 2015
Operational Duration
4 years
Shutdown Date
2019
Last Financing Round
Seed Round
Total Raised
-
Last Financing Date
12 Jun 2017
No. of Funding Round(s)
1
No. of Investor(s)
3
No. of Employees
1 - 10
Total Revenue
-
Post-money Valuation
-
Market Capitalization
-
Stage of Development
Growth
Transactional Model Type
P2P
Defensibility Moats
Two-sided marketplaces,
City
Bengaluru
State/Province
Karnataka
Country
India
Industry
Financial Services
Categories
P2P, Personal Finance, Finance,
- Lack of Funds
- Strong Competition
- LoanMeet competed with heavily backed companies.
- The fintech is the fastest growing sector in terms of venture capital funding, which thus, has led to an overcrowded market.
- Poor Customer Conversion
- Consumers had been waiting for having stock listed online for a good price and easy to buy.
- Unfortunately, over time the founders found that while people used the site once or twice, they quickly reverted back to emails and phone calls.
Failed to raise follow on funds.
The company was competing with heavily backed companies.
Consumers would revert back to emails and phone calls.
Note: Direct competitors are defined by similarity score of more than 40%, while similar companies are defined by similarity score of less than 40%
| No. | Image | Name | Similarity score | Description | Industry | Categories | Location | Ownership status | Entity type | Stage of development | Transactional model type | Defensibility moats | Last financing round | Total raised | Post-money valuation | Last financing date | No. of funding round(s) | No. of investors | Investors | Total revenue | Market capitalization | No. of investments | No. of acquisitions | No. of board seats taken | Competition | Management | No. of employees | Company reputation | Contact info | Operational status | Operational duration | Shutdown date | Founded date | Legal name | Former legal name(s) | Ticker |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1. |  | Fo-Sho | 52.2% | Peer-to-peer insurtech. | Financial Services | FinTech, Technology, Startup, P2P | South Africa | - | - | - | - | - | Seed | - | - | - | - | - | - | - | - | - | - | - | - | - | 1-10 | - | - | Inactive | - | - | 2015 | - | - | - |
1. |  | HSBC Brunei | 34.0% | A subsidiary of the global banking corporation HSBC Group. | Financial Services | Banking, Finance, Commercial, Credit Card Related | Brunei Darussalam | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 250-500 | - | - | Inactive | - | - | 1947 | - | - | - |
2. |  | Loot | 23.2% | A banking and money management app for students. | Financial Services | FinTech, Payments, Finance, Personal Finance, Applications | United Kingdom | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 10-50 | - | - | Inactive | - | - | 2014 | - | - | - |
3. |  | 37Coins | 22.2% | A startup that provided SMS bitcoin wallet service for unbanked and unteched in developing economies without internet access. | Financial Services | Banking, Bitcoin, Finance | United States | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1-10 | - | - | Inactive | - | - | 2014 | - | - | - |
4. |  | Wesabe | 22.2% | Personal finance management website designed to help users manage their daily finance. | Financial Services | Finance, Personal Finance, FinTech | United States | - | - | - | - | - | Early Stage | - | - | - | - | - | - | - | - | - | - | - | - | - | 10-50 | - | - | Inactive | - | - | 2005 | - | - | - |
5. |  | Wonga | 22.2% | An online payday lender that offered short-term personal cash loans to UK consumers. | Financial Services | Finance, Financial Services, FinTech, Risk Management | United Kingdom | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 501-1000 | - | - | Inactive | - | - | 2006 | - | - | - |
6. |  | Aditya Birla Payments Bank Limited (ABPB) | 19.6% | A payments bank. | Financial Services | Banking, Finance, Payments | India | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 250-500 | - | - | Inactive | - | - | 2016 | - | - | - |
7. |  | Comunitae | 17.2% | The pioneer platform to offer individuals a new way to save more profitably than traditional financial products. | Financial Services | P2P, FinTech, Finance | Spain | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1-10 | - | - | Inactive | - | - | 2008 | - | - | - |
8. |  | Finomena | 14.5% | A FinTech startup providing young working professionals access to credit to buy gadgets and electronics. | Financial Services | Finance, Professional Services, FinTech | India | - | - | - | - | - | Seed | - | - | - | - | - | - | - | - | - | - | - | - | - | 10-50 | - | - | Inactive | - | - | 2015 | - | - | - |
9. |  | Smartly | 12.8% | A robo-advisor that provided a digital wealth management platform to retail investors. | Financial Services | Automation, Investment Advisory, Finance, FinTech | Singapore | - | - | - | - | - | M&A | - | - | - | - | - | - | - | - | - | - | - | - | - | 10-50 | - | - | Inactive | - | - | 2015 | - | - | - |
10. |  | Puddle | 9.4% | An online lender that provided micro-credit in a peer-to-peer platform. | Financial Services | Social Media, Finance, Internet | United States | - | - | - | - | - | Seed | - | - | - | - | - | - | - | - | - | - | - | - | - | 10-50 | - | - | Inactive | - | - | 2012 | - | - | - |
| No. | Image | Name | Investor type | Description | Location | Preferred investment stage(s) | Stages invested in | Assets under management (AUM) | Investment range | Investment sweet spot | Preferred investment focus | Preferred investment geography | No. of investments | No. of lead investments | No. of follow-on investments | No. of co-investments | Portfolio companies | No. of exits | Total exit value | No. of failed investments | Loss on investments | No. of acquisitions | No. of board seats taken | No. of funds | Limited partners | Co-investors | No. of partners | Partners | No. of employees | Management | Board members | Founders | Investor reputation | Contact info | Entity type | Legal name | Former legal name(s) | Founded date | Ticker |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1. |  | Cao Yibin | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
2. | | Huang Wei | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
3. | | Madhusudan Ekambaram | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| No. | Image | Name | Previous designation | Previous company | Previous biography | Previous profile type | Previous location | Experience | Education | Reputation | Current company | Current designation | Current biography | Current profile type | Current location | No. of investments | No. of exits | Total exit value | No. of board seats taken | Contact info |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1. |  | Ritesh Singh | - | - | - | - | - | - | - | - | - | - | Riteesh Singh is Global Head of Cloud Services for Misys, where he leads PaaS and SaaS business. Riteesh has over 15 years of experience in technology and consulting industries in a variety of roles. On the technology side, he has led a number of growth initiatives, particularly in services and Cloud areas. On the consultancy side, he was a consultant with McKinsey & Co., where he advised a number of Fortune 500 companies on growth and performance improvement topics. Riteesh has an MBA from the Wharton School University of Pennsylvania, as well as an MS in Electrical Engineering and Computer Science from the University of Illinois at Chicago. | - | - | - | - | - | - | - |
2. |  | Sunil Kumar | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| No. | Financing date | Financing round | Total amount raised | Post-money valuation | Financial viability | Fundraising target amount | Remaining target amount | Financing type | No. of investors | Board seats | Lead investors | Entity type | Financing status |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1. | 12 Jun 2017 | Seed Round | - | - | - | - | - | - | 3 | - | - | - | - |
