Backed
About
What does Backed do?
Backed Inc is a US-based online lending platform that aims to make loans more accessible and affordable. It allows borrowers to add a 'backer' (a reinvented co-signer) to their loan application to help them qualify or secure a better interest rate. The company utilizes a patent-pending machine-learning algorithm to assess creditworthiness.
What is Backed's revenue?
StartupHub estimates Backed's annual revenue at $2.9M (range $2.2M to $3.4M, 62% confidence), based on comparable companies in the sector.
What is Backed's valuation?
StartupHub estimates Backed's effective valuation at $13.4M (range $8.8M to $21.0M, 10% confidence), based on comparable companies in the sector.
How much funding has Backed raised?
Backed has raised a total of $4M in funding. The most recent round on record is Series A.
Where is Backed headquartered?
Backed is headquartered in New York, United States.
When was Backed founded?
Backed was founded in 2014.
What industry does Backed operate in?
Backed operates in Fintech, Lending, Platform, Online Lending, Personal Loans, Credit Access.
How many employees does Backed have?
Backed has approximately 11 people on record.
What is Backed's current status?
Backed's current operating status is: Inactive.
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