MIAMI–(BUSINESS WIRE)–Pigeon, the free platform that takes the awkwardness and headache out of loaning cash to household and associates, is launching out of alpha and renaming itself from “Pigeon Loans” to “Pigeon”, to begin the brand new yr. The simplified title and refreshed model identification is impressed by the corporate’s mission to make it easy to create loans with these closest to us – offering a wiser strategy to handle the advanced feelings and struggles related to interpersonal loans.
Noticing the monetary troubles of a cherished one throughout the pandemic, founder Brian Bristol created Pigeon to assist out a member of the family in want. With no device to totally help the method of loaning cash, sending reminders, preserving observe of funds, and extra, Brian created Pigeon as an all-in-one resolution that might remedy these issues. Now two years into the model’s journey, Pigeon is launching their extensively anticipated iOS and Android app – out there for all – to make loans with family and friends painless.
Since 2020, the Y Combinator-backed platform has raised almost $3 million in funding, and in that point has helped of us lend over $2 million to family and friends in want. Whether or not a cherished one wants assist masking surprising bills, kickstarting a enterprise, or is battling an emergency, Pigeon helps your entire mortgage course of from starting to finish. By preserving observe of IOUs, organising fee schedules, transferring cash on-line, sending automated reminders, encouraging on-time funds, educating their customers, and extra, Pigeon’s aim is to revolutionize the interpersonal finance business.
“Pigeon is constructing a completely new class – anytime you concentrate on mixing your funds together with your relationships, you will consider Pigeon,” stated Brian Bristol, founder and CEO of Pigeon. “We’re redefining the way in which folks assist each other, making the lending course of smarter, and serving to forestall confrontations that usually pressure relationships.”
Pigeon is a fierce advocate of training its customers on monetary finest practices. Their app affords a hub of beneficial recommendation on monetary issues each on and outdoors of lending cash to household and associates. This consists of recommendation on tax providers, private loans, constructing credit score, monetary enterprise ideas, retirement investing, and extra out there on its weblog, The Nest.
The app is downloadable on each iOS and Android, is totally free to make use of, and is offered in additional than 40 nations. Anybody who’s conversant in utilizing different common monetary apps will love Pigeon’s distinctive dedication to their group and serving to others.
“There’s typically guilt, disgrace, and concern related to serving to associates and family members with cash, and that shouldn’t be the case,” he added. “Pigeon is attempting to resolve these emotional issues by equipping folks with the instruments they should responsibly assist these they care about essentially the most, in occasions of want. With a rising group of 18,000+, we’re excited to launch our app in order that hundreds extra throughout the globe will be capable of use our platform to assist others.”
Pigeon is devoted to serving to folks facilitate, create, and handle loans between family members world wide. The all-in-one resolution makes it simple to trace loans and affords a wiser different to IOUs by eliminating the disgrace and discomfort related to lending or borrowing cash. The app is free for everybody, and is offered on desktop, Android, and iOS. To study extra about Pigeon, go to usepigeon.io.