Website: assets-back.com
Category: finance-insurance
City: New York
Country: US
Founded: 2024
Employees: 100-200
**What is Assets Back?** Assets Back is a financial services company founded in 2005 and headquartered in New York City. It operates within the fintech sector, targeting individuals and businesses seeking credit as well as investors interested in funding loans. The platform facilitates marketplace lending by connecting borrowers to investors. The company employs over 100 people and focuses on lending services rather than traditional banking. **How does it work?** Assets Back runs an online lending marketplace where qualified borrowers submit loan applications and investors select loans based on risk and return preferences. The platform manages credit risk assessment, loan servicing, and automation of key processes. Borrowers can access credit digitally while investors can browse and fund suitable loan products. Its technology aims to improve lending efficiency and transparency. **Products and services** Assets Back offers marketplace lending services for consumer and business loans via a digital platform. It provides credit risk evaluation and loan management, allowing borrowers to apply online and investors to discover investment opportunities. Fund distribution and loan servicing are integrated within the platform. The company connects financial market participants without providing traditional banking or deposit services.
Response rate: 0%
A lot of people are skeptical about Assets Back. Some users have flagged it as a scam, citing concerns about fraudulent claims and identity theft risks.
Honestly, many users have raised red flags about investing with Assets Back. There are discussions about how a lot of investment offers could be scams and that you might risk losing your money.
If you get a letter saying you have unclaimed funds, be cautious. Users often recommend that these letters are just phishing attempts to get your personal info.
Many users are concerned about the reliability of loan applications on the Assets Back platform, with some calling it a potential scam. It’s always good to do your own research before applying.
Some people have mentioned issues with unclear fees when dealing with similar platforms. It’s a good idea to clarify any costs upfront before committing to anything.
Many users found the loan management features to be average, with some expressing challenges in navigating the platform. It might be hit or miss depending on your tech comfort level.