# LoanWell

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/loanwell

- Industry: Software
- Headquarters: Durham, US
- Website: www.loanwell.com
- Total disclosed funding: $3M
- Latest round: Seed (Dec 7, 2021)
- Investors on record: 3

## About

Based in North Carolina, US, and founded in 2017 by its CEO, Bernard Worthy, and COO, Justin Straight, LoanWell, operates as a digital platform that provides lending and grant-making services. In December 2021, LoanWell, LLC raised USD 3 million in seed funding led by new investor Impact America Fund, with participation from other new investors, Collab Capital and SB Opportunity Fund.

The company offers various financial services through its digital platform that includes tools like monthly payment calculators and savings calculators, document storage, and underwriting. The company also helps companies to automate their auto-drafted payments and messaging services.

The company plans to use the April 2022 funding to drive its pursuit of modernizing community lending and enabling equitable access to affordable capital.

## Funding rounds

- Seed, Dec 7, 2021, $3M — Impact America Fund, Collab Capital, Open Opportunity Fund

## Investors

- Impact America Fund (https://capitalatlas.ai/funds/impact-america-fund) — Seed
- Collab Capital (https://capitalatlas.ai/funds/collab-capital) — Seed
- Open Opportunity Fund (https://capitalatlas.ai/funds/open-opportunity-fund) — Seed