Weemba operates a social network‑style marketplace where borrowers post loan projects and lenders use a search engine to find and interact with suitable borrowers. Borrowers post project profiles under nicknames and can grant lenders access to private information; projects show creation and expiration dates. The platform does not match borrowers and lenders but provides tools for discovery and direct interaction. Weemba says the capital will allow it to expand more rapidly and accelerate national marketing and business development strategies. The company announced a $2.4 million investment from Breslau Capital Partners’ Global Opportunity Fund as its first round of venture capital funding. Management intends to use the funding to grow the business and scale its platform.

Total raised

$2M

Funding rounds

1

Latest round

Equity

Latest activity

Sep 2011