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LendStreet mentioned by Fast Company
Natural disaster, financial crisis, and a personal mission to drive change led LendStreet CEO Jerry Nemorin to launch a company to help Americans in need of debt relief.
LendStreet today announced it has raised a $28 million facility from FLOCK Specialty Finance to fund loans on its site. The company will use the funds to help more consumers restructure debt and improve their financial health.
LendStreet announced today it raised a $28 million credit facility from FLOCK Specialty Finance. This capital infusion will allow the company to help even more consumers get out of debt. "FLOCK's capital allows us to begin scaling our loan portfolio and expand our customer pipeline", LendStreet CEO Jerry Nemorin says.
Jerry Nemorin, the founder and CEO of LendStreet, elaborates on his company's commitment to provide relief for the millions of Americans that are afflicted with burdensome debt. Along with its loan program, LendStreet is also developing tools which help people better understand and manage their credit – teaching them, for example, that not all credit is bad and if you can cheaply obtain the best credit rates you can build assets instead of creating liability.
LendStreet mentioned in American Banker
Jerry Nemorin covers his journey from Wall Street to LendStreet, via the University of Virginia's i.Lab Incubator, a program that provides support and funding to aspiring entrepreneurs. His goal with LendStreet is to empower consumers by giving them the tools to resolve their financial problems.
LendStreet founder and CEO, Jerry Nemorin, was named one of the 25 most interesting people at Money 20/20 in Las Vegas. This annual conference focuses on disruptive financial technologies and business models that are changing how consumers and businesses spend and borrow money.
LendStreet mentioned in article by JP Morgan Chase on Forbes.com
FinLab (a co-sponsored partnership with JPMorgan and Center for Financial Services Innovation) awarded LendStreet, along with nine other companies, a substantial cash award and will provide additional resources to test and expand the availability of these companies' innovations in cash flow management.
LendStreet is announced as one of the winners of the CFSI JP Morgan Financial Solutions Lab.