Hundy on StartEngine

P2P Microloans for America's New Middle Class

see other companies in category:

visit:
Hundy Website

minimum raise

$10,000

maximum raise

$107,000

start date

09/11/2019

stop date

12/05/2019

security type

Convertible Note

investment minimum

$100

raised to date

$59,125

reporting date

09/18/2019

number of investors

94

percent of minimum raised

591%

percent of maximum raised

55%

likelihood of reaching max

Likely to Reach Max

dollars per day to reach max

$647

dollars per day committed

$8,446

dollars per day - category-

$983

dollars per day committed - all companies

$1,249
Crowditz Momentum

days remaining

74
More SEC Filing Data on Hundy from Crowdfilings.com

Hundy, with a valuation cap of $4 million, is raising funds on StartEngine. The company helps America’s middle-class people to take small amounts of peer-to-peer loans through their mobile app. Hundy allows people to bypass the time-consuming bank channel and use their creditworthiness to avail small loans. The application rewards both borrowers and lenders through a point system. Hundy was founded by Pete Budlong and Ram Hegde in 2016 and has raised more than $500,000 from friends, family, and angels since its inception. The current crowdfunding round has a minimum goal of $10,000 and a maximum goal of $107,000. Hundy already has a 97% active borrower retention rate and has had 3,500 loans originated from its platform with a total loan volume of $350,000.