Corporate information

Founders
Registration country

Company type

Provider of consumer loans.

Funding rounds

Series F USD 300,000,000


USD 300,000,000 ( ) at USD 2,600,000,000 pre-money valuation

Profile Country Notes
Thrive Capital Partners Inc Private equity and venture capital investment firm focused on media and internet investments. Initial investment. Led the round.
Fidelity Management and Research Co (FMR Co) Initial investment.
GIC Private Ltd Singapore sovereign wealth fund. Initial investment.
Lightspeed Management Co LLC (Lightspeed Venture Partners), (LSVP) Multi-stage venture capital firm focused on accelerating disruptive innovations and trends in the enterprise and consumer sectors. Initial investment.
Moore Asset Backed Fund LP Initial investment.
Ribbit Capital Venture capital firm that invests globally in early stage companies who are aiming to disrupt financial services. Initial investment.
Sound Ventures Initial investment.
Spark Capital Early and growth stage venture capital firm. Initial investment.
Wellington Management Co LLP Initial investment.
Founders Fund LLC Follow-on investment.

Series E USD 200,000,000


USD 200,000,000 ( ) at USD 1,300,000,000 pre-money valuation

Profile Country Notes
GIC Private Ltd Singapore sovereign wealth fund. Initial investment. Led the round.
Caffeinated Capital Initial investment.
GGV Capital Venture capital firm based in the Silicon Valley and China. Initial investment.
Khosla Ventures Venture capital firm founded by Vinod Khosla. Initial investment.
Lightspeed Management Co LLC (Lightspeed Venture Partners), (LSVP) Multi-stage venture capital firm focused on accelerating disruptive innovations and trends in the enterprise and consumer sectors. Initial investment.
Ribbit Capital Venture capital firm that invests globally in early stage companies who are aiming to disrupt financial services. Initial investment.
Spark Capital Early and growth stage venture capital firm. Initial investment.
Founders Fund LLC Follow-on investment.

Debt USD 100,000,000


USD 100,000,000 ( )

Profile Country Notes
Morgan Stanley & Co Inc Investment bank Initial investment. Led the round.

Series D USD 100,000,000


USD 100,000,000 ( ) at USD 700,000,000 pre-money valuation
The round was led by Founders Fund and includes participation from Lightspeed Venture Partners, Spark Capital, Khosla Ventures, Andreessen Horowitz, Jefferies, and others.

Profile Country Notes
Caffeinated Capital Initial investment.
Founders Fund LLC Initial investment. (Led the round.)
Jefferies & Co Initial investment.
Khosla Ventures Venture capital firm founded by Vinod Khosla. Initial investment.
Lightspeed Management Co LLC (Lightspeed Venture Partners), (LSVP) Multi-stage venture capital firm focused on accelerating disruptive innovations and trends in the enterprise and consumer sectors. Initial investment.
Spark Capital Early and growth stage venture capital firm. Initial investment.
Andreessen Horowitz (a16z), (AH Capital Management LLC) Venture capital firm founded by Marc Andreessen and Ben Horowitz Follow-on investment.

Series B USD 275,000,000


USD 275,000,000 ( )

Profile Country Notes
Spark Capital Early and growth stage venture capital firm. Initial investment. Led the round.
Andreessen Horowitz (a16z), (AH Capital Management LLC) Venture capital firm founded by Marc Andreessen and Ben Horowitz Initial investment.
Jefferies & Co Initial investment.
Khosla Ventures Venture capital firm founded by Vinod Khosla. Initial investment.
Lightspeed Management Co LLC (Lightspeed Venture Partners), (LSVP) Multi-stage venture capital firm focused on accelerating disruptive innovations and trends in the enterprise and consumer sectors. Initial investment.

Series A USD 45,000,000


USD 45,000,000 ( )

Profile Country
Khosla Ventures Venture capital firm founded by Vinod Khosla.
Lightspeed Management Co LLC (Lightspeed Venture Partners), (LSVP) Multi-stage venture capital firm focused on accelerating disruptive innovations and trends in the enterprise and consumer sectors.

Seed


( )

Profile Country Notes
HVF Labs Company creation lab, founded by Max Levchin. Led the round.


Investment activity status
Active investor

Current team

Employee Position
Max Levchin (founder)

Past employees

Selected Products / Customers

Financials