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Patreon Gets into Lending to Creators

Patreon Gets into Lending to Creators

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FintechNews RoundupUSA
··1 min read

Patreon is a popular platform for creators to receive support from their fans; the company has now launched Patreon Capital, offering loans to their customers; according to reports they have already made about a dozen micro-loans; the move adds a new revenue stream to Patreon beyond the fee structure currently in place; Patreon also has the benefit of access to data on all of the creators on the platform, allowing them to better underwrite the loans; one example provided was a $75,000 cash advance to support the production budget for a series. Tech Crunch

  • Emily Donato

    With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.

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