# Pave, Inc.

> Pave, Inc. was a New York fintech founded in 2012 to let young people exchange a share of future income for money and mentorship. Regulatory ambiguity and slow growth pushed it toward conventional personal loans with context-aware underwriting, where it ultimately made nearly 1,700 loans totaling about $23 million before closing to new borrowers and proposing a blockchain-based Global Credit Profile.

- **Founded:** 2012
- **Headquarters:** New York City, United States
- **Founders:** Salim ‘Sal’ Lahoud (Co-founder and founding CEO), Oren Bass (Co-founder, founding COO and later CEO), Justin Mitchell (Co-founder and founding CTO)
- **Team size:** LinkedIn currently lists 11-50 employees and displays a small residual team; historical peak is not reliably public.
- **Products:** Income-Linked Payment Agreement marketplace, Ripple, Pave Loan, Global Credit Profile
- **Notable:** Launched an income-linked funding pilot in 2012 with eight prospects and 22 backers., Reported about 7,000 registrants by March 2014, including roughly 5,500 funding applicants and 1,500 backers., Secured a commitment of up to $300 million in capital to fund loans in December 2015.

## Products & services

- **Income-Linked Payment Agreement marketplace** — A peer marketplace where ‘prospects’ raised money and mentorship from ‘backers’ in exchange for a percentage of future income, generally capped at 10 percent and 10 years.
- **Ripple** — A pay-it-forward option that let supporters fund prospects without taking a share of future earnings.
- **Pave Loan** — Fixed-rate personal loans, generally $3,000 to $25,000 over two or three years, originated by Cross River Bank and underwritten with context beyond a headline FICO score.
- **Global Credit Profile** — A proposed decentralized credit profile combining traditional and alternative financial data under the user’s control, connected to a planned token sale.

## Achievements

- Launched an income-linked funding pilot in 2012 with eight prospects and 22 backers.
- Reported about 7,000 registrants by March 2014, including roughly 5,500 funding applicants and 1,500 backers.
- Secured a commitment of up to $300 million in capital to fund loans in December 2015.
- Raised an $8 million Series A led by Maxfield Capital in April 2016.
- Reported nearly 1,700 thin-file borrowers and close to $23 million in cumulative loans by October 2017.
- Developed a contextual credit model designed to look beyond a borrower’s headline FICO score.

## Latest updates

- **2017-06** — Pave reportedly closed to new lending customers while exploring strategic options.
- **2017-10** — Pave announced a presale for a token intended to fund its blockchain-based Global Credit Profile.
- **2022-01** — Oren Bass moved on to later lending roles and joined Pemberton Asset Management; the old Pave consumer-lending site no longer operates as it did in 2016.

## Links

- Website: https://pave.com
- LinkedIn: https://www.linkedin.com/company/pave-com
- Twitter/X: https://twitter.com/pave
- Facebook: https://www.facebook.com/pave

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Profile page: https://yespress.io/pave-inc
Published by YesPress — https://yespress.io
Last updated: 2026-08-20