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PayMeBack

Venmo for microlending

About

App for social microlending (<$100). No credit checks, very quick to use, no barriers other than connect with Google account to borrow/lend via google wallet. Same as asking your buddy to spot you $20, but borrower can expand loan universe to all users. Borrowers are shown as either New, Good, or Risky. Payback times are short (<1 week) and allow for speedy 5-10% returns to lenders. Borrow benefits from easy and rapid access to microcap loans. Lenders benefit from earning an extra few bucks here and there.