Lendtable

About Lendtable

Lendtable provides a platform for managing and automating B2B trade credit and accounts receivable financing. The service streamlines the credit application and approval process for suppliers extending payment terms to their business customers. This facilitates faster cash flow realization for sellers by managing the associated credit risk.

```xml <problem> Many employees struggle to maximize contributions to their 401(k) and employee stock purchase plans (ESPP) due to limited monthly income, hindering their ability to build long-term wealth. This is especially true for individuals who want to take full advantage of employer-sponsored benefits but cannot afford to reduce their current earnings. </problem> <solution> Lendtable provides a line of credit that enables employees to fully participate in their company's 401(k) and ESPP programs without impacting their take-home pay. The platform offers a streamlined application process, allowing users to quickly determine their potential earnings and begin maximizing their benefit contributions. By providing upfront capital, Lendtable ensures that employees can contribute the maximum amount to their retirement and stock purchase plans, accelerating their long-term wealth accumulation. The service aims to make wealth building more accessible by removing the immediate financial strain associated with increased benefit contributions. </solution> <features> - Line of credit specifically designed for maximizing 401(k) and ESPP contributions - Fast application process with approval times as short as a few minutes - Calculation tools to estimate potential earnings from maximized contributions - Automated reimbursement system to repay the line of credit - Integration with various employer-sponsored benefit programs </features> <target_audience> Lendtable targets employed individuals who are eligible for 401(k) and ESPP programs but are unable to contribute the maximum amount due to income constraints. </target_audience> ```

What does Lendtable do?

Lendtable provides a platform for managing and automating B2B trade credit and accounts receivable financing. The service streamlines the credit application and approval process for suppliers extending payment terms to their business customers. This facilitates faster cash flow realization for sellers by managing the associated credit risk.

Where is Lendtable located?

Lendtable is based in San Francisco, United States.

When was Lendtable founded?

Lendtable was founded in 2020.

How much funding has Lendtable raised?

Lendtable has raised $78.4M.

Location
San Francisco, United States
Founded
2020
Funding
$78.4M
Employees
11 employees
Investors
AdFirst VCAltaIR CapitalFidi VenturesGpvenGreenvisor CapitalRedbeardTheopportunity Fund

Lendtable

10
Relative Traction Score based on online presence metrics compared to companies in the same age group.

Executive Summary

Lendtable provides a platform for managing and automating B2B trade credit and accounts receivable financing. The service streamlines the credit application and approval process for suppliers extending payment terms to their business customers. This facilitates faster cash flow realization for sellers by managing the associated credit risk.

lendtable.com1K+
Founded 2020 – San Francisco, United States

Funding

No specific funding rounds found.

Total Funding

$78.4M

Backed by

01 AdvisorsAdFirst VCAltaIR CapitalFidi VenturesGpven…

Team (10+)

No team information available.

Company Description

Problem

Many employees struggle to maximize contributions to their 401(k) and employee stock purchase plans (ESPP) due to limited monthly income, hindering their ability to build long-term wealth. This is especially true for individuals who want to take full advantage of employer-sponsored benefits but cannot afford to reduce their current earnings.

Solution

Lendtable provides a line of credit that enables employees to fully participate in their company's 401(k) and ESPP programs without impacting their take-home pay. The platform offers a streamlined application process, allowing users to quickly determine their potential earnings and begin maximizing their benefit contributions. By providing upfront capital, Lendtable ensures that employees can contribute the maximum amount to their retirement and stock purchase plans, accelerating their long-term wealth accumulation. The service aims to make wealth building more accessible by removing the immediate financial strain associated with increased benefit contributions.

Features

Line of credit specifically designed for maximizing 401(k) and ESPP contributions

Fast application process with approval times as short as a few minutes

Calculation tools to estimate potential earnings from maximized contributions

Automated reimbursement system to repay the line of credit

Integration with various employer-sponsored benefit programs

Target Audience

Lendtable targets employed individuals who are eligible for 401(k) and ESPP programs but are unable to contribute the maximum amount due to income constraints.

Sources:

1
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