LendLayer
The business, the turning points, and the decisions behind them.
Some sections are still being researched2 / 4
Sections to complete：02 · 05
01 / WHAT IT BUILT
What the company did
LendLayer was a San Francisco fintech startup founded in 2013 by Steve McGarry. It provided student loans for coding bootcamps and accelerated learning programs such as Hackbright Academy — financing tuition for programs that promised fast entry into tech jobs. In August 2015 the company was talent-acquired by Affirm, Max Levchin's consumer finance startup, which absorbed the team shortly after its own $35 million Series B.
02 / FAILURE REASONS
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03 / EVENT HISTORY
Events in the structured record
- Company founded
Steve McGarry founds LendLayer in San Francisco to finance coding-bootcamp tuition.
- Acquisition
Affirm completes a talent acquisition of LendLayer in August 2015, shortly after its $35M Series B; terms undisclosed.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
Material for this section is being gathered and checked. It will appear here once ready.
Overall assessment: Not completed
05 / CAUSAL CHAIN / AFTERMATH
Material for this section is being gathered and checked. It will appear here once ready.