LendStreet is a lending platform for debt restructuring and refinancing. By leveraging partnerships within the financial sector LendStreet is able to negotiate discounts on debts, that help their customers get out of debt sooner and rebuild their credit.
LendStreet raised a $2.5 million Seed round with Kapor Capital, Crunch Fund, Crosslink Capital, and JP Morgan Chase as other participating investors.
Cultural relevance: Surging US demographics have touch and go understanding of credit and impact to lifestyle. Lendstreet is strategically interested in building a brand that changes the conversation about credit for mass-market consumers.