“About one third of Americans are cut off from the traditional credit system,” said Clauson, noting a recent Bloomberg finding that 26 million Americans borrowed from friends and family in 2021 – up from 19.5 million in 2020. “We’re trying to serve these folks that are hurt by the pandemic and the current economic uncertainty and don’t have alternative sources of funding.”

https://refreshmiami.com/pigeon-loans-lands-2-5m-seed-to-level-up-loan-platform/