About Alt Lending
Alt Lending is a company based in New York (United States) founded in 2017 by Micah Spruill.. Alt Lending has raised $1.01 million across 1 funding round. Alt Lending operates in a competitive market with competitors including Airfox, TrueFi, Meow, Liquity and PocketPK, among others.
- Headquarter New York, United States
- Founders Micah Spruill
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.01 M (USD)
in 1 rounds
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Latest Funding Round
$1.01 M (USD), Seed
Apr 19, 2018
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Investors
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Employee Count
Employee Count
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Funding Insights of Alt Lending
Alt Lending has successfully raised a total of $1.01M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.01 million completed in April 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $1.0M
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First Round
First Round
(19 Apr 2018)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2018 | Amount | Seed - Alt Lending | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Alt Lending
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Alt Lending
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Alt Lending Comparisons
Competitors of Alt Lending
Alt Lending operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Airfox, TrueFi, Meow, Liquity and PocketPK, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Blockchain-based mobile wallet for recharges and loans is offered.
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| domain | founded_year | HQ Location |
A decentralized protocol for cryptocurrency lending and borrowing is operated.
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| domain | founded_year | HQ Location |
High-interest business banking services are provided to companies.
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| domain | founded_year | HQ Location |
Decentralized interest-free loans against Ether are offered in stablecoins.
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| domain | founded_year | HQ Location |
A decentralized lending protocol for cryptocurrencies is operated by PocketPK.
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| domain | founded_year | HQ Location |
NFT marketplace and digital asset lending protocol are operated.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Alt Lending
When was Alt Lending founded?
Alt Lending was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is Alt Lending located?
Alt Lending is headquartered in New York, United States. It is registered at New York, New York, United States.
Is Alt Lending a funded company?
Alt Lending is a funded company, having raised a total of $1.01M across 1 funding round to date. The company's 1st funding round was a Seed of $1.01M, raised on Apr 19, 2018.
What does Alt Lending do?
Alt Lending was established in 2017 in New York, United States, within the blockchain and fintech sector. Loans are extended using cryptocurrencies as collateral, including Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and additional assets. Ownership of the collateral is retained by users throughout the process. Operations focus on decentralized lending mechanisms accessible via the platform at altlending.com.
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