The Hundy, Inc. offering is now closed and is no longer accepting investments.

Hundy, Inc.

P2P Microloans for America's New Middle Class

Hundy, Inc.

P2P Microloans for America's New Middle Class

Miami, FL
Financial Services
Hundy helps people get loans and deposit advances of up to a few hundred dollars from the people around them via a friendly, mobile-only app. What makes Hundy unique is the loyal community it has built around those who share and celebrate their good character, a key component of creditworthiness that has been lost in the age of FICO.

$96,591

raised
221
Investors
$5.75M
Valuation Cap
6.0%
Annual Interest Rate
$100.00
Min. Investment
20.0%
Discount Rate
Conv. Note
Offering Type
12/01/22
Maturity Date
0
Days Left

$96,591

raised
221
Investors
$5.75M
Valuation Cap
6.0%
Annual Interest Rate
$100.00
Min. Investment
20.0%
Discount Rate
Conv. Note
Offering Type
12/01/22
Maturity Date
0
Days Left
This offering ended on July 28, 2021 and is no longer accepting investments.

Reasons to Invest

10,000+ originations on volume of $1.1M
Now in 9 states, and expected to be in 18 by Jan 2021, with a 61% compounded monthly growth rate for new state originations over the past quarter
Consistently ranked by Apple in the App Store’s top 200 Finance apps - currently charting at #119

A unique approach to P2P lending


We have brought to life a unique approach to peer-to-peer lending that enables non-accredited investors to get back in the game. We have raised over $1 million from 500+ investors who believe in our vision to make small-dollar loans affordable to anyone who’s creditworthy, while turning borrowers into investors. This includes  $225k raised in 2019 and 2020 in two previous crowdfunding campaigns. As we expand across the country, we are looking to further partner with the crowd to help fuel our growth as well as source the capital to provide a much needed financial cushion to America’s new middle class.

Most of the country is living on the edge


In the past three decades, the median household income has risen 14%, while average house prices soared 290% (Wall Street Journal, Aug 2019). Despite the longest economic expansion in US history over the past decade, with wage growth failing to keep up with the rising costs of housing, health care, and college, much of the country feels crushed under the weight of a financial burden. These moments can be terrifying – waiting for a paycheck to arrive just to be able to pay rent, keep the lights on or buy food. And now, due to COVID-19, the situation just got worse for millions more. According to a just-released Federal Reserve study, around 40% of Americans earning less than $40,000 a year lost a job in March 2020 alone. 


This can force people into using debt traps, like payday loans, that charge enormous interest over the first two weeks of a loan or can very quickly bury the borrower by forcing them to pay off one loan with another. Or, they may end up paying bank overdraft fees or late fees, which can be even more expensive. Some may be lucky enough to be able to borrow from friends and family, but that can come with feelings of guilt and embarrassment. On the other side, you may want to lend money to a friend or stranger, but are worried that it won't be paid back. No one wants to be in these situations, but the reality is that they happen, and they are happening ever more frequently in the new reality we now live in.

Reward doing the right thing


Hundy has created a peer-to-peer lending community that rewards good behavior and celebrates those who do the right thing. This mobile-focused community for personal loans allows people to get the money they need quickly without going through back channels or putting themselves into financial peril. Hundy offers a financial cushion to those who are creditworthy but don't have the best credit by traditional measures, while rewarding both borrowers and lenders through a point system that allows them to earn badges and ascend in levels, demonstrating their good character to the community.


With Hundy’s mobile app (available for both iOS and Android), you can get a loan or a deposit advance up to $500 through an account that can be set up in just a few minutes. Borrowers will then receive their funds in just one business day. Hundy borrowers are given 31 days to pay back a loan (or 61 days for an advance), with a 60-day grace period if they’re unable to pay the loan off in the original time given. Throughout this time, there is an open line of communication with Hundy that helps to maintain one’s good status within the community. When users pay back their loans on time, they are given the opportunity to receive larger amounts in the future, and in addition to that, both borrowers and lenders receive points when this happens, which can be used by borrowers towards discounts on loans or earn lenders additional cash back on their investment.  And once a borrower makes it to the top level, Hundy will match their points so they can become a lender at very preferential terms, giving many their first long term investment.


Serving America's new middle class


Over three-quarters of U.S. workers live paycheck-to-paycheck (CareerBuilder survey, January 2019), so the situation was already bleak for our new middle class. Mid-pandemic, per the New York Times, "lines of cars stretch for miles to pick up groceries from a food pantry; jobless workers spend days trying to file for unemployment benefits; renters and homeowners plead with landlords and mortgage bankers for extensions; and outside hospitals, ill patients line up overnight to wait for virus testing." Shown below: People waited in cars for food distribution in San Antonio in early April. “It does underscore the fact that so many people in our country live on a precipice,” a national food bank executive said. (Associated Press)

Given this backdrop, it's no wonder that quick access to affordable cash - even a few hundred dollars - is a must-have for most Americans. According to self-reported survey data collected with each Hundy loan, the number one use of Hundy is to buy groceries followed closely by utilities, a car payment, and help with rent. Over 75% of Hundy's borrowers make less than $60k per year.


Through July 2020, we were lending exclusively in California and have originated over 10,000 loans on volume of $1.1M. We currently have over 1,200 active borrowers and investors in our community. Over 1/3 of borrowers participate in the community, which means they have paid off their loans early or on time and are posting these achievements on the Hundy Hub for everyone to see. In August 2020, we began a geographic expansion by tapping into our nationwide waitlist (currently over 250,000 users), and by early Q1 2021 we should be in 17+ states.

An ecosystem with network effects


On the demand-side of the marketplace, we’ve built a community of borrowers who are looking to benefit from their good character and reliability. On the supply-side, Hundy accepts accredited and non-accredited investors who pool their money together to lend to our borrowers. We incentivize both sides of the marketplace for posting and celebrating their achievements as well as encouraging all to do the right thing.

 

In our hybrid, two-sided marketplace model, Hundy is the lender of record, loaning money to first-time borrowers at a cost about half of what a typical payday lender charges (177% APR during the initial 31-day term), which then drops to 60% if the term is optionally extended to 90 days (we also have a new, interest-free deposit advance product with a 61-day term that is paid for by recipient via an optional donation).  Over time, due to the unique data produced by our growing community along with our proprietary AI approval models, our underwriting will improve, which should allow us to reduce our default rate while increasing the approval rate of quality applicants. Finally, both top-rated borrowers and lenders  have the opportunity to own a piece of the company incentivizing viral promotion as the company continues to grow. Once we get these three flywheels working in concert, we'll have a powerful engine for growth.

Momentum since the last crowdfund


We couldn't have been more pleased to have added over 450 new investors to the Hundy community  during our two raises with StartEngine over the past year. This has created some great momentum for us as we head into 2021:


  • YoY growth: We doubled loans originated and loan volume and expanded the waitlist by over 50% to over 250,000 users.
  • New growth: We rolled our Deposit Advance product to eight states (with more on the way) achieving a CMGR of 61% over the past quarter.
  • Product: Launched the investor side of the platform in beta with over 25% of our investors sponsoring borrowers and added customer cash flow analysis to our credit model increasing our application approval rate by over 40%.
  • Coming next: In Q1 2021, we anticipate a full release of the investor side of the platform allowing our investors to redeem their points for cash, members and investors to follow each other and over 30 Guru-level borrowers to become investors.

The Numbers (thru November 2020 - except where noted)

  • App installs:  318,829

  • Waitlisted users:  251,629

  • Originations:  10,146

  • Transaction volume:  $1,132,250

  • November gross revenue:  $6,929

  • Trailing 6-month revenue CMGR:  9%

  • Loan payback rate:  90.7%

  • Annual borrower retention rate:  82%

Expanding our reach going forward


To date, our marketing has been focused on organic channels and primarily our ASO (App Store Optimization) efforts. As a result, almost all of our app installs have been sourced from the app stores, of which 90% are iOS and 10% Android. Due to licensing restrictions on small-dollar loans in the US, we have been limited to lending in California, so over 85% of our user acquisition has fallen onto the waitlist. Going forward, our plan to is to expand our available audience via our new deposit advance product, and to tap into that new audience using the following marketing channels:


  • Opening Waitlist: As we enter each new state, we invite people in from the waitlist - in some states, this is tens of thousands of users.
  • Paid Ads: We've spent the past 6 months testing different ad channels and have been able to get one channel down to a CAC (customer acquisition cost) that is at the magic one-third of our CLTV (customer lifetime value). We plan to allocate close to 15% of the proceeds from the raise to advertising on this channel.
  • Android/Mobile Web: At less than 10% of our current customer base, Android users are a clear opportunity for us. Due to restrictions that Google has announced for small-dollar loans, we'll be releasing a mobile web version of our app to give Android users easy access to Hundy.

Hundy has created a unique community


While there are other consumer lending apps focused on non-prime loans of less than a few thousand dollars, Hundy is unique in this category because of its community-centered design. There are three layers to our platform design that each build upon the Hundy community – and the Hundy community is what sets us apart. 

 

The first layer is a social feed where community members can share their achievements of good character, i.e. paying a loan off early, paying off on time, or paying off after entering the 60 day installment period. Second, with this offering, we are once again opening up Hundy to non-accredited investors by enabling them to purchase a promissory note convertible into Hundy equity with an ability for these investors to sponsor individual members in the Hundy community. They can sponsor anyone, or specifically look for people whose stories and/or background that they identify with. And last, both borrowers and lenders will be given an ownership opportunity in the ecosystem they help to create. This truly gives borrowers a path to financial independence, and lenders a way to help them get there while earning cash back. 


We have passion and experience


At the helm of Hundy is Pete Budlong, a veteran of two-sided marketplaces and mobile marketing platforms including Classifieds2000, Excite, Soundflavor and Yelp. Also leading Hundy is Ram Hegde who has directed engineering teams at both Nokia and Intel. Ram was hired to build the Hundy MVP prior to the founding of the company. He then came on as co-founder to build Hundy’s current platform. Our small, but close-knit team is deeply passionate about expanding financial inclusion to anyone with good character. We believe that rewarding good behavior helps to empower those who need a boost and, by creating a unique two-sided mobile marketplace for loans, we are ushering in an era in which we can say 'goodbye' to predatory lending.

Here's what our customers are saying


I appreciate you guys so very much. Thank you 

- Jose T., Van Nuys, CA on 11/21/20

 

Thanks for following. Awesome customer service. I’ll invest again because of this experience.  Thank you! 

- Ricardo R., Lake Forest, CA on 8/5/20

 

I cannot tell you how much of a relief that is thank you so much for being flexible with me and working with me thank you so very much! 😢😢😭😭❤️

- Racheal E., Claremont, CA on 5/16/20

 

Thank you Hundy happiness team I promise that I will take care of it as soon as I can and pay the balance off and make this right I appreciate you working with me.

- Leah M., Ventura, CA on 4/2/20

 

Thank you so very much.. I am now able to purchase my insulin from the Walmart Pharmacy. Hundy is truly an incredible service, as I’ve never had such support in the past with other companies..

- Michael D., San Diego, CA on 12/18/19

 

You guys are honestly life savers !!! You don’t know how helpful this was to me and appreciate it!

- Jose P., Garden Grove, CA on 10/22/19

 

Appreciate it and so much thanks to you.. and the whole Hundy team!

- Ariel L., Salinas, CA on 10/7/19

 

Meet our Gurus and Ninjas


Our community is nearly 20,000 members strong, and at the top we currently have 30 Guru and over 100 Ninja borrowers, which are the two highest status levels in the Hundy point system. Once a borrower becomes a Guru, they unlock their ability to become investors on the platform. This will be quite a turnaround for these folks who just a year or two ago were struggling to borrow a few hundred dollars.

P2P lending 2.0 powered by Hundy

The one disappointment of the last decade is the lack of opportunity for individual investors, particularly non-accredited investors.


   — Peter Renton, Co-founder Lendit & Editor Lendacademy.com

We envision a world in which anyone who is creditworthy has access to an affordable financial cushion from the people around them, particularly non-accredited investors. With the growing financial struggles facing our new middle class, the ubiquity of mobile devices, and the new crowd-based regulatory advancements made available by the JOBS Act, we believe Hundy is perfectly positioned to deliver on our vision as these three major generational shifts come together.

Invest in Hundy


We chose to work with StartEngine because allowing real people, not elites or institutions, to invest in loans via Reg-CF is fundamental to our business model. In addition, equity crowdfunding enables both our borrowers and investors to own a piece of the company giving everyone an opportunity to participate in the business.


The growth of our borrower community based on the sharing and celebration of good character is accelerating. After our first crowdfund offering went live, we added our crowdfund investors to the community for the first time. Shortly after this offering goes live, we'll further link our members and investors together in the community while expanding our geographic reach significantly. Please join us in making this a reality by becoming part of the Hundy community with your investment today!

Quick Insert

Offering Summary


Company

:

Hundy, Inc.

Corporate Address

:

45 SW 9th Street, Suite 2810, Miami, FL 33130

Offering Minimum

:

$10,000.00

Offering Maximum

:

$396,724.79

Minimum Investment Amount

(per investor)

:

$100.00











Terms


Offering Type

:

Convertible Promissory Notes

Type of Equity Converted Into

:

Common Stock

Conversion Trigger

:

$1,500,000.00

Maturity Date

:

December 01, 2022

Valuation Cap

:

$5,750,000.00

Discount Rate

:

20.0%

Annual Interest Rate

:

6.0%
















What is a Convertible Note?

A convertible note offers you the right to receive Common Stock in Hundy, Inc.. The amount of Common Stock you will receive in the future will be determined at the next equity round in which the Company raises at least $1,500,000.00 in a qualified equity financing. The highest conversion price per security is set based on a $5,750,000.00  Valuation Cap or if less, then you will receive a 20.0% discount on the price the new investors are paying.  You also receive 6.0% interest per year added to your investment.  When the maturity date is reached, if the note has not converted then you are entitled to receive Common Stock equal to your investment and interest back at a price per security determined by dividing the Valuation Cap by the aggregate number of outstanding equity securities of the Company as of immediately prior (on a fully diluted basis).



*Annual Interest Rate subject to adjustment of 10% bonus for StartEngine shareholders. See 10% Bonus below.

COVID Relief

This offering is being conducted on an expedited basis due to circumstances relating to COVID-19 and pursuant to the SEC’s temporary COVID-19 regulatory relief set out in Regulation Crowdfunding §227.201(z).

Expedited closing sooner than 21 days.

Further, in reliance on Regulation Crowdfunding §227.303(g)(2) A funding portal that is an intermediary in a transaction involving the offer or sale of securities initiated between May 4, 2020, and February 28, 2021, in reliance on section 4(a)(6) of the Securities Act (15 U.S.C. 77d(a)(6)) by an issuer that is conducting an offering on an expedited basis due to circumstances relating to COVID-19 shall not be required to comply with the requirement in paragraph (e)(3)(i) of this section that a funding portal not direct a transmission of funds earlier than 21 days after the date on which the intermediary makes publicly available on its platform the information required to be provided by the issuer under §§227.201 and 227.203(a).

Investment Bonuses*

Time-Based

Invest in Week 1 - Get a 20% bonus on the Convertible Note interest rate

Invest in Week 2 - Get a 15% bonus on the Convertible Note interest rate

Invest in Week 3 - Get a 10% bonus on the Convertible Note interest rate

Invest in Week 4 - Get a 5% bonus on the Convertible Note interest rate

* $400 minimum investment required to receive perks

Amount-Based

$100+ 

All investors (currently iOS device required) receive 1 member sponsorship option (per $100 invested) in the Hundy app community for a period of 6 months.

$1,000+

Investment

Tier 1

Receive 10 member sponsorship options in the Hundy app community with a bonus 3 months beyond the standard 6 month term offered to all investors in this offering (9 months)

$2,500+

Investment

Tier 2

Receive 25 member sponsorship options in the Hundy app community with a bonus 6 months beyond the standard 6 month term offered to all investors in this offering (12 months)

$5,000+

Investment

Tier 3

Receive 50 member sponsorship options in the Hundy app community with a bonus 9 months beyond the standard 6 month term offered to all investors in this offering (15 months)

$10,000+

Investment

Tier 4

Receive 100 member sponsorship options in the Hundy app community with a bonus 1 year beyond the standard 6 month term offered to all investors in this offering (18 months)

*All perks occur when the offering is completed.

The 10% Bonus for StartEngine Shareholders

Hundy, Inc. will offer 10% additional bonus interest for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.

Eligible StartEngine shareholders will receive a 10% increase in the annual interest rate on Convertible Promissory Notes in this Offering. This means your annual interest rate will be 6.6% instead of 6%.

This 10% Bonus is only valid during the investors eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are cancelled or fail.

Investors will only receive a single bonus, which will be the highest bonus rate they are eligible for.

Irregular Use of Proceeds

The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000: Vendor payments. Salary payments made to one’s self, a friend or relative.

Show More
Most recent fiscal year-end:
Prior fiscal year-end:
Total Assets
$175,145.00 USD
$61,422.00 USD
Cash And Cash Equivalents
$33,425.00 USD
$5,525.00 USD
Accounts Receivable
$0.00 USD
$0.00 USD
Short Term Debt
$57,205.00 USD
$98,869.00 USD
Long Term Debt
$91,172.00 USD
$0.00 USD
Revenues And Sales
$53,085.00 USD
$26,815.00 USD
Costs Of Goods Sold
$0.00 USD
$0.00 USD
Taxes Paid
$0.00 USD
$0.00 USD
Net Income
-$251,861.00 USD
-$140,760.00 USD

Risks

A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.


Updates

Hundy just added 12 states.. now in a total of 30!

4 months ago

We're happy to announce that Hundy just added 12 states including Colorado, Wisconsin and Minnesota. This puts us in a total of 30 states with our zero fee deposit advance on iOS devices.

We've got 4 more big states lined up next but need more capital in order to launch them. There's less than 24 hours left in the campaign and we'd love to get your help with our expansion.

Please join our 700+ cumulative investors across all of our raises who are helping Hundy deliver an affordable financial cushion to America's new middle class!

The Hundy app hits its highest ranking yet in the App Store finance category at #110!

5 months ago

In addition, we just topped 1k total originations per month and 1k installs per day for the first time.




Notice of Funds Disbursement

5 months ago

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, Hundy, Inc. has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Hundy, Inc. be on the lookout for an email that describes more about the disbursement process.


This campaign will continue to accept investments until its indicated closing date.


Thanks for funding the future.

-StartEngine

Notice of Funds Disbursement

5 months ago

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, Hundy, Inc. has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Hundy, Inc. be on the lookout for an email that describes more about the disbursement process.


This campaign will continue to accept investments until its indicated closing date.


Thanks for funding the future.

-StartEngine

Notice of Material Change in Offering

5 months ago

[The following is an automated notice from the StartEngine team].

Hello! Recently, a change was made to the Hundy, Inc. offering. Here's an excerpt describing the specifics of the change:


Issuer extending the end date of the campaign by 30 days.


When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.

We just crossed $100,000 invested!

6 months ago

We're happy to announce that last week we crossed the $100,000 invested milestone.

A big thank you to all of our investors in this campaign for getting us here. We're excited to have all of you as part of the Hundy team!

We also want to thanks those investors who are enjoying their perks and participating in the Hundy app community by sponsoring members. We'll have a bunch of community updates coming your way over the next few months.

For the 2,000+ followers of our campaign who are monitoring our progress, please consider investing to help fuel our expansion while having a little fun participating in our app community. 

-Pete Budlong - CEO, Hundy

Notice of Funds Disbursement

7 months ago

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, Hundy, Inc. has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Hundy, Inc. be on the lookout for an email that describes more about the disbursement process.


This campaign will continue to accept investments until its indicated closing date.


Thanks for funding the future.

-StartEngine

Ex RSA director joins the Hundy advisory board

7 months ago

We are pleased to announce that Erich Breisacher has joined the Hundy advisory board. He has a 25 year background in encryption/security and was Western Director at RSA. He'll be spearheading our DeFi strategy and helping us to build out a seamless investor experience on the Hundy platform.

Advance growth up (32% MoM) while AI drives defaults down!

7 months ago

The first four months of 2021 are off to a strong start.

Deposit advance growth for April came in at 32% MoM, and at the same time, our AI prediction engine is driving default rates down precipitously (see charts below). Total originations came in at 960, just a little bit shy of our 1k goal.

We are actively working on the full investor/community release, and once that's done, we have 16 more states on our target list.

With the continuing origination growth, our capital pool requirements must expand to support it. Please consider participating in the campaign to help us maintain this growth while empowering tens of thousands of Americans to benefit from their good character.



Notice of Funds Disbursement

8 months ago

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, Hundy, Inc. has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Hundy, Inc. be on the lookout for an email that describes more about the disbursement process.


This campaign will continue to accept investments until its indicated closing date.


Thanks for funding the future.

-StartEngine

Advance CMGR at 25% while AI reduces defaults by over 50%!

8 months ago

The compounded monthly growth rate (6 mo) for advances last month came in at 25%. At the same time, our AI prediction engine achieved remarkable results reducing advance defaults by over 50% from the previous quarter.

While the recent round of stimulus slowed our growth a bit - it's hard to compete with free money ;) - Florida helped us push through that and we are on track to top 1k total originations this month.

Our development efforts are now squarely focused on delivering the full community release and we plan to roll that out in a series of releases beginning next month. 

We look forward to your support.. and to seeing many of you in the investor community in the Hundy app!

Notice of Funds Disbursement

9 months ago

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, Hundy, Inc. has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Hundy, Inc. be on the lookout for an email that describes more about the disbursement process.


This campaign will continue to accept investments until its indicated closing date.


Thanks for funding the future.

-StartEngine

Hundy now available in Florida!

9 months ago

We're happy to announce that Hundy is now available in Florida on iOS devices.

This puts us in 18 states with our zero fee deposit advance. Next, we turn our focus on fully releasing the investor side of the platform.

We'd love you to join our 600+ investors who are helping Hundy deliver an affordable financial cushion to America's new middle class!

Hundy deposit advance CMGR at 35% on nearly 500 originations!

9 months ago

As shown below, with 490 deposit advance originations in February, the compounded monthly growth rate for advances over the past 6 months is still going strong at 35%. We hit 756 originations overall and we'd love to have your help as we stretch for 1k this month!



Notice of Funds Disbursement

10 months ago

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, Hundy, Inc. has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Hundy, Inc. be on the lookout for an email that describes more about the disbursement process.


This campaign will continue to accept investments until its indicated closing date.


Thanks for funding the future.

-StartEngine

Hundy is targeting Florida next and we need your help

10 months ago

Yesterday, we had the most originations we've done in a single day (55), and we're now covering over a third of the country as shown below. Adding Florida will increase our origination volume nearly 50%. Please consider joining our campaign today to help fund this expansion!


Deposit advance growth for January at 53%!

10 months ago

Now that we've put a wrap on January, here's the latest:

  • Our no-fee deposit advance originations are still going strong with a compounded monthly growth rate of 53% over the past 6 months.
  • January was the first month that deposit advance originations have exceeded those from loans and are expected to cross 500 this month.
  • We are now covering over 1/3 of the country.

We look forward to your support as we manage this growth!

Hundy launches partnership with Abacus.ai to power our new ML prediction engine!

10 months ago

Earlier this week we launched our partnership with Abacus.ai to integrate cutting-edge deep learning into the Hundy app's onboarding process flow. 

The Abacus founding team of AI scientists and ML engineers have shipped high profile products at Google, Amazon Web Services, and Uber and has now raised over $40M to date from the likes of Index Ventures, Eric Schmidt (ex-CEO and Chairman of Google), Ram Shriram (board member of Google), Khosla Ventures, and others.

After many months of training data models and production user testing, we are thrilled to bring Abacus fully online, which is expected to completely automate our onboarding decisioning process while increasing our payback rate significantly.

Notice of Funds Disbursement

11 months ago

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, Hundy, Inc. has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Hundy, Inc. be on the lookout for an email that describes more about the disbursement process.


This campaign will continue to accept investments until its indicated closing date.


Thanks for funding the future.

-StartEngine

Hundy just added KY, MI and OH.. now in 17 states!

11 months ago

With the addition this week of Kentucky, Michigan and Ohio, the first phase of Hundy's geographic expansion is almost complete. Next up is the Sunshine State, which will put us in 18 states offering our no-fee deposit advance, and then we'll turn our focus back on releasing the investor side of the platform. 

Please consider joining our 500+ investors who are helping Hundy deliver an affordable financial cushion to America's new middle class.

Five more states added with new state CMGR at 57%

11 months ago

Happy New Year all!

We’re starting off the year with some great news:

  • In the past two weeks, we’ve added 5 more states (AL, DE, IN, MO & TN) increasing our US geo coverage to 28% (up from 20%). 
  • Originations from the new states are still growing at a nice clip with a compounded monthly growth rate of 57%. 
  • Three more states are scheduled to go live by the end of January.

A big thanks to those who made this progress possible by joining team Hundy in earlier rounds. For all you new folks following us, please consider joining this round to help to fuel our expansion in 2021!


-Pete Budlong - CEO, Hundy

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