Pigeon Loans provides a platform that helps friends and family set up, schedule, and manage interpersonal loans to reduce the emotional friction that often ruins relationships. The product guides both parties through payment schedules, sends gentle reminders to borrowers, and includes an education center with best practices for late payments and defaults. Founders Kaben Clauson and Brian Bristol built the first version during the pandemic based on personal experience with managing these kinds of loans. The company recently changed its business model to make the lending tool free of fees and plans to monetize by referring users to other fintech products and services. Pigeon has raised $2.5 million from a syndicate of investors and positions itself to serve a portion of the roughly $200 billion annual friends-and-family loan market by making small-dollar emergency lending more structured and less awkward.

Total raised

$3M

Funding rounds

1

Latest round

Seed

Latest activity

Jun 2022