Lendtable

We give employees cash advances for their 401k match and ESPP

Y CombinatorSummer 2020ActiveFintechCredit and LendingFintech

What they do

Problem

Many employees cannot afford to contribute enough to capture their full 401(k) match or participate in ESPP, leaving free employer benefits unclaimed.

Solution

Lendtable provides cash advances to cover living expenses so employees can fund 401(k) contributions/ESPP and then repays itself from a portion of the vested match gains.

Who it's for

Employees who have access to employer-sponsored 401(k) matching and/or ESPP benefits but lack short-term cash flow.

Founders

Sheridan Clayborne

Founder

I was the youngest person to get into Northwestern at age 15, where I was a Computer Science and Econ Major. Dropped out of Northwestern to pursue my startup full-time. I spent time working at JP Morgan and Goldman Sachs on their private equity teams and was the youngest PM to come to Dropbox at 19 I have worked on many startups in the past, with my passion always being around fintech and financial inclusion. To date, I have raised over $5mil and done over $10mil in sales across my businesses

LinkedIn · X

Mitchell Jones

Founder

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

LinkedIn · X