Apr 7, 2015 9:39 EDT

ExtraFunds – Your link to the online lending marketplace

iCrowdNewswire - Apr 7, 2015




Your link to the online lending marketplace

ExtraFunds is raising $2,000,000 with a minimum reservation of $10,000.


  • More than 40,000 loans issued since 2009
  • Over $14 million in total loans since 2009
  • Over $20 million in total revenue since 2009


More than 12 million Americans use short-term credit every year, spending approximately $7.4 billion annually. ExtraFunds services a robust short-term lending portfolio for its lending partner.


The emergence of an online lending marketplace has changed the way the world accesses credit. Investors and borrowers are no longer dependent upon the traditional banking system, which is known for its inefficiencies, waste, overhead, and red tape.

Peer-to-peer and crowdfunding investors can now enjoy impressive returns on their small and large investments while borrowers benefit from a more direct lending relationship.

The ExtraFunds Group funds and services loans in the short-term online lending marketplace. We are a financial solution for customers needing short-term credit, an industry segment that traditional banks have largely vacated. We offer efficient real-time underwriting, customer verification, and collection services for short-term marketplace lenders, providing customers with quick and efficient access to much-needed capital.

More than 12 million Americans use short-term credit every year, spending approximately $7.4 billion annually. ExtraFunds services a robust short-term lending portfolio for its lending partner, with total revenues of more than $20 million since 2009.


Revenue associated with the 2014 lending year reached $2 million.


Increased average daily loan volume for December 2014 by 100% (compared to August 2014).


Began raising capital for ExtraFunds’ newest lending portfolio.

JULY, 2014


I really love and enjoy using ExtraFunds for my extra cash needs. It is a very quick and easy experience. Using ExtraFunds for my cash needs has been smooth sailing and very helpful for me.
Quaina, MSCustomer
Quaina, MS
ExtraFunds has some of the best customer service that is out there and that means a lot to me – I truly love calling and getting to talk to a real person. The service is fast and convenient. When times are hard, ExtraFunds makes it easier!
Janell, CACustomer
Janell, CA
I recommend ExtraFunds to anyone that needs short-term funding. ExtraFunds’ customer service is great and I feel like part of their family. I would not choose any other lender besides them.
Lizmarie, KSCustomer
Lizmarie, KS
ExtraFunds has been fast, friendly and compassionate to my needs. I would recommend ExtraFunds to anyone in need of last-minute cash.
Jerod, MICustomer
Jerod, MI
My experiences with ExtraFunds have been wonderful. Their customer service representatives are so polished and professional. When anyone I know needs assistance with cash, I gladly tell them that ExtraFunds is the place to go!
Kenneth, ILCustomer
Kenneth, IL


Aaron Bishop

Aaron Bishop

CEO at Ottawa Capital

More than 15 years of experience as a successful entrepreneur, business executive and investor. Founded and operated companies in a wide range of industries ranging from consumer apparel to international shipping and logistics to private investment management, representing aggregate annual revenues of over $25 million. International business interests have spanned the globe from the United States to Asia and Europe. B.A. in French and M.A. in Government from Johns Hopkins University. Passionate supporter of the arts, sitting on the board of the Utah Festival Opera Company.
Brian Zang

Brian Zang

Chief Technology Officer

Excels in business management and operational logistics with over 12 years of experience. Successfully organized production, shipping, sales, marketing, accounting and training efforts in several start-up ventures and established businesses, helping reduce expenditures and sustaining growth. B.A. in History from Towson University and an M.S. in Instructional Technology from Utah State University. Developed web development skills over the past ten years.
Michael Jewell

Michael Jewell

General Counsel

Licensed attorney with extensive experience in corporate and private securities law, as well as lending and banking compliance. B.A. in English and Political Science from Utah State University in 2009, J.D. from the University of San Diego School of Law with an emphasis in business and corporate law in 2012. Oversees internal compliance team, as well as additional outside attorneys, to ensure that ExtraFunds and its affiliates are compliant with all lending laws and regulations.
Bryce Sorensen

Bryce Sorensen

Director of Operations

4+ years of experience in lending operations has developed a strong instinctive ability to monitor and adapt to successfully manage lending operations. Proficiency in preventative troubleshooting for the workforce organization and development in the lending operations of ExtraFunds is vital. Plays a vital role in consulting on the development and beta testing of innovative methods of lead acquisition and underwriting.


Team Member Name

Ottawa Capital

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