LendStreet provides technology-based solutions and resources to help consumers in financial distress reduce debt, increase credit scores, and improve savings. Led by Founder and CEO Jerry Nemorin, the company works with financial organizations to negotiate discounts with creditors and then restructures debts as loans with lower, fixed, affordable payments. Since inception LendStreet says it has helped customers reduce their debt by nearly 40% and improve credit scores by an average of 100 points. The company closed a $7M Series A equity round and secured $110M in debt financing to scale the platform. LendStreet intends to use the funds to expand reach and serve more consumers in need of debt restructuring and consolidation.

Total raised

$7M

Funding rounds

1

Latest round

Series A

Latest activity

Jun 2018