Founded in 2012 and based in New York City, Pave operates an online lending platform for loans made by Cross River Bank, focused on lending to Millennials across most of the United States. Borrowers on Pave.com receive loans from $3,000 up to $25,000 with annual percentage rates starting at 6.0 percent, payable over two or three year terms. Funded by investors including Maxfield Capital, RPM Ventures and Seer Capital, Pave's unique approach to underwriting and emphasis on customer service is part of a broader mission to provide a personalized modern-day financing solution for today's technology-enabled generation.
| Date | Amount | Type | Investors | Valuation |
|---|---|---|---|---|
| 04/13/16 | $8,000,000 | Series A |
Maxfield Capital RPM Ventures Seer Capital | undisclosed |
| 08/10/21 | $46,000,000 | Series B |
Andreessen Horowitz YC Continuity  | $400,000,000 |
| 06/28/22 | $100,000,000 | Series C |
Andreessen Horowitz Backend Capital Contrary Capital Craft Ventures Index Ventures Jeff Weiner Localglobe Original Capital Tudor Havriliuc YC Continuity | undisclosed |
