Our mission is simple: Change how personal lending between friends and family is done and thought about. We strive to build the easiest, simplest and most effective way of ensuring loans to friends or family come to a successful close, leaving everyone involved satisfied.
Hill Ferguson wanted more than a handshake or scribble on the back of a napkin to finalize a loan agreement, but he didn’t want the expense of a lawyer. Frustrated by a lack of feasible alternatives, he set out to create an online, do-it-yourself, legally binding loan agreement. The result, LoanBack, quickly emerged as the leader in friend and family lending. It is used by tens of thousands and has enabled more than $1.4 billion dollars in Loans. It offers some of the deepest resource sections and customization features of any online loan creator.
Hill Ferguson: Founder
Hill has spent the last decade developing and managing new payment services in Silicon Valley. Aside from his activities with LoanBack, Hill is a Vice President, Product Management & Marketing for Zong, the leading mobile payment service used by online gaming and social networking web sites. Prior to that, Hill was a General Manager for Yodlee's Personal Finance Products where he led the development and distribution efforts for several new and innovative payment products currently used by top banks and web portals. At Yahoo!, Hill produced and managed several consumer products, including a consumer bill-payment product and a peer-to-peer payment service.
Monvia Inc.: Investor / Product Development & Operations
Monvia is an investor in LoanBack and manages its Product Development and Operations. Monvia is a Silicon Valley Innovation Company that builds online products for start ups as well as Fortune 500 companies. The Monvia team worked at Yahoo! Finance helping build it into the leading consumer financial website in the world. With Monvia's product and engineering resources, LoanBack is deepening the product offering, feature sets and resources to increase our lead in the friend and family lending space.