We give employees cash advances for their 401k match and ESPP
1 in 4 Americans do not get their full 401(k) match. That means 25 million workers are leaving $24 billion on the table in free employer contributions. The primary reason these workers cannot get their match is because they do not have enough to both cover living expenses and invest.
Lendtable helps workers get thousands in additional income by giving them a cash advance to cover their living expenses so they can finally begin earning their employer match. Once their money has vested we take some of the match money earned in order to cover our expenses.
Workers now have thousands of dollars more without putting any money down, and we make money helping them do so -- we win if they win.
Total raised
$28.2M
Last stage
Series A
Investors
Mitchell Jones
I am a founder with the goal of helping all people to better save and invest for their financial future. I believe that with the right nudge (and a little help from software) we can help people do the right thing and make money a bit less stressful. Ex Facebook and Dropbox, product manager, a Yale University graduate, and a proud Ohioan by origins. "Our lives begin to end the day we become silent about the things that matter" - MLK
Sheridan Clayborne
Forbes 30 Under 30, YC S20, Thiel Fellow. Was the youngest Black American to get into Northwestern at age 15. Previously worked at Goldman Sachs (PE) and Dropbox (ML PM). Built multiple fintech and e-commerce startups with over $20M in sales.
LinkedInMitchell Jones
Yale '16 graduate. Former PM at Facebook (digital wallet for LATAM) and Dropbox (cybersecurity). Previously founded Parable, an automated personal financial assistant fintech startup.
LinkedInNo applications, no recruiter spam. Just the intro.
A few questions to make sure this role is the right shape for you. Two minutes.
I write the intro, send it to the founder, and handle the back-and-forth.
If they’re a yes, I book the chat. You show up — that’s the whole job-hunt.