Y-Combinator alumni Pigeon is now available on both iOS and Android with its friends and family lending app.
Founded by CEO Brian Bristol, he created Pigeon to create a tool to enable peer-to-peer lending between friends and family by automating the process of loaning money, sending reminders, keeping track of payments, etc.
Since 2020, Pigeon reports that it has raised nearly $3 million in funding, having enabled personal loans of over $2 million. Pigeon’s goal is to revolutionize the interpersonal finance industry.
“Pigeon is building an entirely new category – anytime you think about mixing your finances with your relationships, you’ll think of Pigeon,” said Bristol. “We are redefining the way people help one another, making the lending process smarter, and helping prevent confrontations that often strain relationships.”
The Pigeon app also offers a hub of advice on financial matters both on and outside of lending money to family and friends. This includes advice on tax services, personal loans, building credit, financial business tips, retirement investing, and more, available on its blog, The Nest.
The app is downloadable and said to be completely free to use.
Bristol believes there is often guilt and fear with lending or borrowing money.
“Pigeon is trying to solve these emotional problems by equipping people with the tools they need to responsibly help those they care about the most, in times of need. With a growing community of 18,000+, we are excited to launch our app so that thousands more across the globe will be able to use our platform to help others.”