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Honeycomb Credit

Financial growth opportunities for small businesses

Honeycomb Credit logo
1-20 employees
  • Fintech
  • B2B
  • Banking
  • Investing
East Liberty, Pittsburgh, PA

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Company mission

To help small businesses get loans from customers, family, and friends.

50% female employees

Trustpilot (4.8)

Our take

Small businesses are often underserved by legacy banking when it comes to loans. Community banks were few and far between when Honeycomb Credit emerged on the market in 2017 and serves small businesses through acting as a funding and investment offering platform. Honeycomb effectively acts as a bank, allowing customers to raise debt capital of up to $5 million, backed by individual investors. Customers get funding campaign support and a network of interested investors to boost their publicity and funding.

Investors can participate in funding small businesses for as little $100, and according to reports, more than 80% of Honeycomb’s customers have achieved their funding goals. This is close to four times more successful than funding via the leading crowdfunding platforms. Honeycomb Credit’s focus on the “circular economy” is key here, companies on its platform paying back fans and communities rather than Wall Street bankers.

Steph headshot

Steph

Company Specialist at Welcome to the Jungle

Benefits

  • Unlimited PTO
  • Health insurance
  • 401K plan
  • Equity in a high growth startup

Company values

  • HONESTY, CANDOR, AND MUTUAL RESPECT
  • RAISE YOUR HAND, THEN ROLL UP YOUR SLEEVE
  • WORK HARD AND ENJOY THE JOURNEY
  • COMMUNITY BUILDING IS A TEAM SPORT
  • DISAGREE AND COMMIT
  • BIAS TOWARDS ACTION

Funding (last 2 of 10 rounds)

Jun 2024

$6m

SEED

Dec 2022

$7.3m

SEED

Total funding: $17.7m

Leadership

Ken Martin

(Co-Founders)

Currently Managing Director at RBC Capital Markets. Previously Strategic Finance at Uber, Vice President at Barclays and Analyst at RBS.

George Cook

(CEO & Co-Founder)

Previously Marketing & Strategy at ZestFinance, Product Development & Market Strategy at TransUnion and Economist at Bureau of Labor Statistics.