Weemba, a web based social platform that allows professional lenders to connect to borrowers, has raised $2.4m in its first round of venture capital funding.
The investment was made by the Global Opportunity Fund of Breslau Capital Partners.
In conjunction with the funding, Alfredo Chang, founder and Managing Partner of Breslau Capital Partners has joined Weemba’s Board of Directors.
The company intends to use the funds to expand rapidly and accelerate its national marketing and business development strategies
Led by Founder and Global CEO Constancio Larguia, Weemba provides the means for lenders to find the right borrowers and for them to interact. The platform allows borrowers to post loan projects to and present themselves.