Kogod School of Business alum Kaben Clauson has a new entrepreneurial venture. This innovative family-and-friends lending platform takes the awkwardness (and risk) out of an all-too-familiar (and familial) financial relationship.
Pigeon Loans, founded by Clauson and Brian Bristol, makes lending to one’s loved ones a financially seamless process by incorporating a contract, a payment plan, and friendly reminders in a one-stop-shop platform. The Miami, Florida-based startup has already raised $2.5 million from Y Combinator, FundersClub, Kleiner Perkins Scout Fund, Sovereign’s Capital, Goodwater Capital, SaxeCap, Pareto Holdings, True Culture Fund, Magic Fund, Legal Tech Fund, Mentors Fund, Ascendo Venture Capital, and various angel investors.
We asked Kaben about this exciting new platform and to share tips for other young entrepreneurs like him.
Kogod School of Business: Can you tell us about Pigeon Loans?
Kaben Clausen: Pigeon Loans is a tool that makes it easy for friends and family to lend to one another. We built this software to remove the awkwardness that often comes with these types of loans.