About ModernLend
ModernLend is a company based in New York (United States) founded in 2014 by Shuo Zhang. It operates as a B2C. ModernLend has raised $40 thousand across 2 funding rounds from investors including Next Big Ventures and Entrepreneurs Roundtable Accelerator. ModernLend operates in a competitive market with competitors including Self, Aura, Credknowledgy, Kovo Credit and ScreeCred, among others.
- Headquarter New York, United States
- Founders Shuo Zhang
-
Sectors
Financial Services
-
Phone
*********
-
Website
*********
-
Social
*********
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$40 K (USD)
in 2 rounds
-
Latest Funding Round
-
Investors
Next Big Ventures
& 1 more
-
Employee Count
Employee Count
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Funding Insights of ModernLend
ModernLend has successfully raised a total of $40K across 2 strategic funding rounds. 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 2
- Last Round Last Round
-
First Round
First Round
(08 Jun 2015)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2016 | Amount | Seed - ModernLend | Valuation | Next Big Ventures |
|
| Jun, 2015 | Amount | Seed - ModernLend | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in ModernLend
ModernLend has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Next Big Ventures and Entrepreneurs Roundtable Accelerator. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Early-stage investments are made in data-driven technology companies.
|
Founded Year | Domain | Location | |
|
Startups are accelerated in fintech, SaaS, climate, and various sectors.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by ModernLend
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - ModernLend
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Modernlend Comparisons
Competitors of ModernLend
ModernLend 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 Self, Aura, Credknowledgy, Kovo Credit and ScreeCred, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Credit builder loans are facilitated via an online marketplace.
|
|
| domain | founded_year | HQ Location |
Online platform for credit-building loans and investor bonds.
|
|
| domain | founded_year | HQ Location |
Offers AI-based credit repair software for individuals and businesses.
|
|
| domain | founded_year | HQ Location |
Platform for building credit via monthly installments, reporting, and identity monitoring services.
|
|
| domain | founded_year | HQ Location |
Credit-building application for marginalized communities
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Frequently Asked Questions about ModernLend
When was ModernLend founded?
ModernLend was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Where is ModernLend located?
ModernLend is headquartered in New York, United States. It is registered at New York, New York, United States.
Is ModernLend a funded company?
ModernLend is a funded company, having raised a total of $40K across 2 funding rounds to date. The company's 1st funding round was a Seed of $40K, raised on Jun 08, 2015.
What does ModernLend do?
ModernLend offers credit builder loans to help individuals improve their credit scores, focusing on offering financial products and advice, banking, facilitating loans and financing, and credit building. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets.
Who are the top competitors of ModernLend?
Who are ModernLend's investors?
ModernLend has 2 investors. Key investors include Next Big Ventures, and Entrepreneurs Roundtable Accelerator.