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Tanda raises $4.5m in Seed funding

California based P2P savings and lending startup raised $4.5m in Seed funding led by Initialized Capital.

“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.”

Tags

lending, savings, p2p