Semble, the online lending platform focused on low-cost financing for nonprofit organizations, has secured $34.7M in Series C funding. The capital infusion underscores growing interest in its "Social Investment" model, which allows socially responsible investors to directly fund the loan needs of nonprofits they support.
This unique approach facilitates a direct connection between supporters and organizations, with loan payments flowing back to investors. Semble's mission is to help communities convert debt-service dollars into people-service dollars, offering a distinct alternative in the nonprofit financing landscape.
