SpotMe Lending operates as an online loan-matching service, not a direct lender. Its business model is based on providing a single online platform where consumers can submit a request for a loan. This request is then shared with a network of independent lenders. The company's stated purpose is to simplify the process of finding a short-term or payday loan by connecting borrowers with lenders who may be able to offer them credit. SpotMe Lending itself does not make any credit decisions, underwrite or issue loans, or determine interest rates and terms.

Founded in

United States