This niche marketplace loan provider thinks there was a market that is underserved young families trying to fund their wedding, vacation and engagement bands.
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We frequently love to feature organizations being doing different things in the market financing industry and Promise Financial is unquestionably one of these brilliant businesses. They usually have taken the approach that is same other market lenders, but are determined to pay attention to the niche of wedding funding. We talked to Josh Jersey, Co-Founder and CEO and Jean-Paul Ndong, their Chief Credit Officer for more information on the company and group behind it.
Started in 2014, Promise Financial attempted to build their underwriting and technology. With this being complete, they formally established in June 2015 and they are currently originating loans. That they have received loan requests totaling a few million dollars while it is still extremely early, Josh confirmed. Between capital and equity assigned to fund loans regarding the platform, Promise Financial raised $4 million.