BACKED

Based in Lincolnshire, U.S., Backed is an online lending platform that enables users to add a co-signer to their loan application in order to ensure a lower interest rate. Its platform appeals to all borrower demographics with reduced risk of default. The company offers 1-to-3-year personal loans for diverse purposes ranging from consolidate debts and career investments to travel and wedding loans. They range from $3,000 to $25,000 at APRs starting at 2.9%. Founded in November 2014, backed operates as a B2C company.