Pigeon Loans Analysis: $3M Raised
What is Pigeon Loans?
Pigeon Loans is an online platform that facilitates lending and borrowing money between friends and family, offering payment tracking, reminders, and legal documentation tools.
Employees
5
Founded
2020
Revenue
$250K - $27M
ZoomInfo
Product Features & Capabilities
- Loan or borrow money with friends and family, automatic reminders, payment tracking, legal documents, create loans in minutes, gifts and rewards, affordable for everyone, easy reminders and tracking, manage loans with no hidden fees, tools for financial support, educational content on personal finan
Pricing
- Premium Loans are billed at:
- $4.99 per month (billed once at loan start)
- $7.99 per month (billed monthly)
- Monthly billing continues through the last month of the loan duration, or until the loan is fully repaid or forgiven.
- If a Premium Loan is extended, the same rates apply for additi
How much Pigeon Loans raised
Seed - $2.5 million
May 17, 2022Lead Investor: FundersClub, Y Combinator, Sovereign's Capital, and others.
Who are the founders of Pigeon Loans
BB
Brian Bristol
Founder
Business Model
Free and premium services; revenue from subscription fees for premium features.
Market Focus
Pigeon Loans primarily focuses on the financial technology (fintech) industry, specifically in the niche of peer-to-peer lending and borrowing among friends and family.
Competitors Overview
Pigeon Loans primarily competes with several companies in the online lending space, particularly those that facilitate personal loans among friends and family. The main competitors include:
- Zirtue: This app focuses on relationship-based lending, allowing users to lend and borrow money within
Investors
- 305 Ventures
- Goodwater Capital
- FundersClub
- Ascendo Venture Capital
- Dhuna Ventures
- Pareto Holdings
See something that needs updating? Suggest edits to this profile.