Pennie announced that its consumer-first loan platform has surpassed 350 million loan offers delivered to borrowers across the United States, marking continued momentum for the income-focused lending platform. The milestone reflects growing demand from Americans seeking personal and debt consolidation loans through a marketplace that prioritizes privacy and borrower control.
The Pennie platform has now funded 32 million people and processed over 200 million customer inquiries in 2024 alone, connecting borrowers with offers from a nationwide lending network through a 60-second application process.
"We built Pennie so people could see real choices in one place instead of wondering who has their information and what happens next," said Sam Mkhitaryan, co-founder of Pennie. "Reaching 350 million offers proves there's massive demand for a better way to borrow."
Income-Focused Lending at Scale
Pennie's income-driven model evaluates borrowers on earning power and employment stability — not just credit scores. This approach serves workers with steady paychecks but damaged credit, including gig workers, essential workers rebuilding after hardship, and recent graduates with thin credit files.
Borrowers who complete the application receive personalized offers with loan amounts up to $250,000, repayment terms up to 10 years, and starting APRs as low as 5.99%, depending on borrower profile and lender criteria. Qualified applicants can access funding as soon as the next day.
The platform uses soft credit inquiries that do not affect a borrower's credit score at the offer stage. Pennie does not sell or share customer data — borrowers review offers in a private dashboard and decide whether to move forward on their own terms.
Mkhitaryan emphasized that scale without borrower benefit is meaningless: "Volume only matters if it leads to smarter decisions. Every one of those 350 million offers represents someone looking for a better path — and we take that seriously."
Pennie's commitment to privacy and income-focused qualification has earned a 4.9 rating on Trustpilot, with borrowers praising the straightforward process and respectful experience.
About Pennie
Pennie is a U.S.-based loan marketplace that connects consumers with personal and debt consolidation loan offers from a nationwide lending network. The Pennie platform specializes in income-focused lending, serving borrowers across all credit profiles — including those with limited or challenged credit histories. With 32 million people funded through the Pennie platform, 350 million loan offers, and a 4.9 Trustpilot rating, Pennie has established itself as a leading consumer-first alternative in the personal loan space. The company does not sell or share customer information. For more information, visit pennie.com.
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