Hundy on StartEngine

P2P Microloans for America's New Middle Class

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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.