articles link to it . please introduce links to this page from related articles ; try the find link tool for suggestions . february 2012 weemba type private industry personal finance software founded 2011 headquarters miami florida key people constancio larguia founder & ceo weemba global ; sebastian bellora cto ; martin arriola coo ; matthew reid chief of lender relations revenue n a number of employees 18 website weemba.com weemba is a social network that enables borrowers and professional lenders to find and transact with each other more efficiently . headquartered in miami florida the company s founder is serial entrepreneur constancio larguia who co founded the first online stock brokerage firm in latin america . 1 2 the website previously launched in argentina and spain . 3 how it works edit borrowers seeking small business or sba loans mortgage refinancing line of credit or home equity loans working capital financing debt consolidation or other unsecured consumer loans submit loan projects via weemba s website . weemba utilizes a social community type format wherein borrowers are encouraged to create and populate a profile as well as their loan project and have the option to use their facebook in relation to their profile . weemba also uses unique proprietary methods and state of the art safeguards to exponentially increases the likelihood of successful financial outcomes for its members both borrowers and lenders . besides the reason for and amount of a loan borrower profiles may include information like income education level and veteran status individuals to their number of employees annual sales or revenue and articles of incorporation businesses . borrowers are encouraged to populate their project with as much current information as possible to increase the likelihood of attracting a lender s attention . at no times does weemba obligate any borrower to include information they are not comfortable providing including a credit score . lenders search projects created by borrowers and narrow them down by credit score amount needed location type of loan and other criteria . when a lender finds a loan project that interests them the lender messages the borrower for access to their real identity and private details about the project . the lender pays weemba a flat fee to facilitate this ; borrowers pay weemba nothing to participate . the borrower and lender then directly negotiate to create a new loan without weemba s further involvement and outside the weemba platform website . 4 5 6 unlike peer to peer lending sites weemba s lenders are banks and professional lending institutions not individuals . weemba is neither a bank itself nor a lending broker . while lending brokers match borrowers with lenders and may negotiate loan terms between the parties weemba does not directly finance loans or hold the borrower s assets at any point . 7 references edit http www.crunchbase.com person constancio larguia 2 bloomberg businessweek corporate profile weemba inc. weemba launches website to connect borrowers with lender . bizjournals . retrieved march 7 2014 . anderson tom 2011 09 28 . making personal loans for fun and profit . forbes . retrieved 2011 11 29 . rubin courtney 2011 09 21 . 4 start ups help entrepreneurs get cash . inc. retrieved 2011 11 29 . finovate fall 2011 new online financial services for your business . allbusiness.com . 2011 09 28 . retrieved 2011 11 29 . helping banks get data from customers who don t want to share . american banker . 2011 09 20 . retrieved 2011 11 29 . external links edit company website company blog finovate fall 2011 video explaining weemba s business model company youtube channel company twitter page company linkedin profile retrieved from https en.wikipedia.org w index.php title weemba & oldid 743550492 categories companies based in miamicompanies established in 2011credithidden categories orphaned articles from february 2012all orphaned articles navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 10 october 2016 at 04 36 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view