Backed Raises $1.5M To Tackle Credit By Letting Sponsors Vouch For Thin-File Borrowers

New lending companies are now a dime a dozen in the U.S. with a startup launching seemingly every week to tackle some problem associated with the industry.

And while millennials seem to have taken the advice from Shakespeare that no one should borrow or lend money, startups still want to give them a taste of that sweet, sweet credit.

The latest company to tilt against the lending windmill with a solution for borrowers who might not have the best credit rating — or who might not have any credit rating or credit history at all is Backed.

 

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