Company Overview
Snapshot
Founded in November 2015 by Yehuda Halevy and Moshe Felix, loel operates with 1–10 employees. The company is currently in the Pre-Funding stage, focusing on developing its core technology.
Business overview
loel is a fintech company operating in the Business Software sector, specifically within Sales & Marketing Solutions and e-Commerce Tools. The company provides a platform for car-backed online loans, enabling individuals to borrow money against their vehicles. By reducing risk for lenders through car collateral, loel aims to offer larger loan amounts with lower interest rates, making credit accessible regardless of a borrower's credit score. The company utilizes smart technology to verify car conditions and serves consumers, particularly car owners, in the transportation and mobility market.
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- What is loel's primary business model?
- loel operates on a B2C business model, providing car-backed online loans directly to consumers.
- When was loel founded and by whom?
- loel was founded in November 2015 by co-founders Yehuda Halevy and Moshe Felix.
- What technology does loel use to assess loan eligibility?
- loel uses smart technology to verify the condition of the car, which helps reduce risk for lenders and allows for larger loan amounts with lower interest.
- What problem does loel aim to solve for borrowers?
- loel aims to provide accessible loans by using cars as collateral, which reduces the lender's risk and allows individuals to borrow money regardless of their credit score.
- What is loel's primary sector?
- loel's primary sector is Business Software, with a focus on Sales & Marketing Solutions and e-Commerce Tools.