LoanNow
 | |
| Private | |
| Industry | Financial Services, Credit |
| Founded | 2013 |
| Headquarters | Santa Ana, California, United States |
Key people | Harry Langenberg, Miron Lulic, (Co-Founders) |
| Website |
www |
LoanNow is an online lender based in Santa Ana, California. The company offers an installment loan alternative to payday loans that focuses on personal finance education and an incentive-based repayment experience. Responsible borrowers unlock achievements that are tied to psychological or monetary incentives. [1]
Additionally, LoanNow has developed proprietary underwriting automation algorithms that leverage machine learning and big data as an alternative to traditional credit bureau scoring and decisioning. This allows LoanNow to operate in a high default risk market segment at lower interest rates than payday loans. [2][3]
History
LoanNow was founded in 2013 by Harry Langenberg (CEO), and Miron Lulic (Chief Product Officer). LoanNow initiated its lending operations in June of 2014.[4]
See also
- List of finance topics
References
- ↑ "Mint.com Expert Interview with Miron Lulic on Personal Finance Advice for Mint". Mint.com.
- ↑ "LoanNow About". LoanNow LLC.
- ↑ "LoanNow CrunchBase Profile". LoanNow.
- ↑ "Technology Startup 'LoanNow' Set to Disrupt Payday Lending". Yahoo Finance.