Lendoit

Company Overview

Snapshot

Founded in October 2017 by Yoav Pinkas, Vlad Amirov, and Avi Ben David, Lendoit operates with 11–50 employees. The company raised $600,000 across one funding round from one investor. In October 2017, Lendoit partnered with Migdal, signaling early strategic validation for its decentralized lending platform.

Business overview

Lendoit is a decentralized peer-to-peer (P2P) lending marketplace platform that utilizes smart contracts and blockchain technology to connect borrowers and lenders. The platform offers professional scoring and verification APIs tailored for different countries, a loan marketplace where lenders can bid on interest rates, and a default market for trading failed loans. Lendoit's Smart Loan Contract also supports syndicated loans and the ability to transfer loans between lenders, operating within the Fintech & Insurtech sector, specifically in Lending & Financing.

Strategic signal

In December 2017, Lendoit announced a collaboration with RSK to create a decentralized Bitcoin lending future. This partnership highlighted the company's commitment to integrating with established blockchain protocols to enhance its P2P lending capabilities, signaling a strategic move towards broader cryptocurrency adoption within its platform.

Company Intelligence Q&A

What is Lendoit's primary business?

Lendoit operates a decentralized P2P lending marketplace platform that connects borrowers and lenders using smart contracts and blockchain technology.

When was Lendoit founded and by whom?

Lendoit was founded in October 2017 by Yoav Pinkas, Vlad Amirov, and Avi Ben David.

What was a key strategic partnership for Lendoit?

In October 2017, Lendoit partnered with Migdal, an Israeli insurance and financial holdings company.

What technology does Lendoit leverage for its lending platform?

Lendoit utilizes smart contracts and blockchain technology to facilitate its decentralized P2P lending marketplace.

What was a significant development regarding Lendoit's technology integration?

In December 2017, Lendoit announced a collaboration with RSK to develop a decentralized Bitcoin lending future.