Invest in Namma
Access capital from your family and friends - they are your financial asset
Highlights
1
Since Jan 2021, Namma has gain great traction and facilitated over $3.4m in loan contracts
2
Seasoned serial entrepreneurs with 30 years experience in finance, technology and product management
3
Serving a ~$288 billion friends and family lending market(U.S. only), with no big players
4
Our users want to pay for mortgage services, payments, credit building, etc.
Our Team
Sonal BaggaFounder/CEO
Director of Engineering at Walmart and BCG; management, product, and engineering experience at Motorola, Goldman Sachs, and Jet.com.
Masters in Software Engineering from Carnegie Mellon University.
The process of asking for loans and restructuring my finances post-divorce was unnecessarily painful, but asking friends and family for support seemed too awkward. Figuring I could not be the only one feeling this awkwardness of borrowing from f&f due to lack of formal structure, I founded Namma.
Kai XuCo-Founder
Built and grew two companies from the ground up to profitability including a dating app and an investment firm in New York.
Once won Chinese National Mathematics Olympiad Silver prize
Why Namma?
The Market:
~$288 billion worth of borrowing/lending happening in friends and family every year in the U.S.
~$1 trillion global market
The Problems:
1. Discomfort and awkwardness to ask family and friends for money
2. Opportunity to invest in family and friends is not known
3. Credit score building benefits not in place for borrowers
The Solution:
1. Provide an automated legal borrowing contract between friends and family, removing the discomfort of asking
2. Offer loan management services such as auto payment, reminders and incoming credit building