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California based P2P savings and lending startup raised $4.5m in Seed funding led by Initialized Capital.
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“One of the secrets about tandas is, historically speaking, they have very low default rates, something like less than 2%,” Chor said. “The reason for that is really the community and camaraderie of adults and social accountability.”
https://techcrunch.com/2023/11/15/tanda-savings-lending-network/
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