Two months in, Lenny – millennial-focused mobile lending app – is ready to hit the market with new budgeting and billpay products.
Launched mid-March, Lenny’s goal is to help millennials build credit scores while still in school, with loans up to $10,000 and 0% interest (if paid on time). So far, the app has more than 7,500 downloads, and 2065 active credit lines. With the “tremendous” amount of engagement in a relatively short period, the company is prepared to launch two new apps, Lenny Blue and Lenny Platinum, CEO Joe Bayen told Bank Innovation:
