Funding raised from the Global Opportunity Fund of Breslau Capital Partners.
for more funding data on Weemba
To export Weemba funding data to PDF and Excel, click here
MIAMI, FL, Weemba, a social network-like site that revolutionizes the way borrowers and professional lenders find each other and connect online, announced today it has received $2.4 million in funding from the Global Opportunity Fund of Breslau Capital Partners. This represents the company's first round of venture capital funding.
The Global Opportunity Fund invests in early stage, aggressive companies with the potential to secure a dominant position in both domestic and overseas markets. In addition to its US presence, Breslau Capital Partners' founding team has significant experience understanding the unique issues of emerging markets throughout the world.
Through its offices in New York, Panama and Tel Aviv, Breslau is in the process of creating a platform for venture investments and further consolidation of its business models. "We found in Weemba a perfect fit for our global fund strategy where we look for companies with exciting growth potential. Given how fragile the global economic conditions are today, Weemba is building a platform that will help transform the SME lending process in the US and globally," said Alfredo Chang, founder and Managing Partner of Breslau Capital Partners. Chang will have a seat on Weemba's Board of Directors.
"The investment from Breslau's Global Opportunity Fund will enable us to expand more rapidly and accelerate our national marketing and business development strategies," said Constancio Larguia, Founder and Global CEO of Weemba. "We are pleased that they have expressed this level of confidence in Weemba and look forward to working with Alfredo and the rest of the Breslau team as we grow."
Weemba is a meeting place for borrowers and professional lenders, whether the borrower needs a personal or business loan. Borrowers post loan projects and are given tools to present themselves and their projects in compelling ways while lenders can use a powerful search engine to filter those borrowers by the criteria most important and relevant to them. Weemba does not match borrowers with lenders but provides the means for lenders to find the right borrowers and for them to interact. This social network-like platform allows every borrower's project to be seen by many lenders at one time. All projects on Weemba are current, with clearly indicated creation and expiration dates.
Weemba revolutionizes the way borrowers and professional lenders connect via an online financial platform. Weemba provides, by means of unique proprietary methods and state-of-the-art safeguards, a virtual way for borrowers to post their needs and for lenders to then find those borrowers. Borrowers, protected by a nickname, post project profiles for lenders to review; interested lenders ask borrowers to access their private information, and if granted access, can contact borrowers directly. Weemba facilitates the borrower-lender interaction without interfering in the negotiation process.