Yelloan
Yelloan is a fintech company founded to simplify and accelerate access to consumer credit, particularly for individuals who may be excluded from traditional banking due to employment instability (e.g., temporary contracts, lack of tenure). It acts as an intermediary, partnering with major French banks for over 10 years. Yelloan leverages a chatbot and artificial intelligence to offer personalized, on-line credit applications, with a principle response often immediate and funds potentially available within 48 hours. The company was recognized as Fintech of the Year® in 2017 by Finance Innovation. They facilitate financing for various personal projects including vehicles, weddings, and home improvements, with loan amounts ranging from €1,500 to €35,000 over 12 to 60 months.
Yelloan
Yelloan is a fintech company founded to simplify and accelerate access to consumer credit, particularly for individuals who may be excluded from traditional banking due to employment instability (e.g., temporary contracts, lack of tenure). It acts as an intermediary, partnering with major French banks for over 10 years. Yelloan leverages a chatbot and artificial intelligence to offer personalized, on-line credit applications, with a principle response often immediate and funds potentially available within 48 hours. The company was recognized as Fintech of the Year® in 2017 by Finance Innovation. They facilitate financing for various personal projects including vehicles, weddings, and home improvements, with loan amounts ranging from €1,500 to €35,000 over 12 to 60 months.
TL;DR
Headquarters: Paris, France
Founded: February 2015
Business: Online consumer credit platform using chatbot and AI
Typical loan size: €1,500–€35,000
Notable investor: Seventure Partners (Dec 2016, ~€1.8M) — reported
Company Overview
Problem Domain
Consumer lending / financial inclusion for borrowers with nonstandard employment
Founded
2015
Industry
Fintech / Consumer credit
Funding Track Record
€1.8M
Dealroom reports Dec 2016 early VC round ~€1.8M