Lendafy.app (Lendafy.com) is an online marketplace that bridges the gap between borrowers and lenders.
Lendafy partners with financial institutions to help consumers borrow up to $10,000. The Lendafy.app lending process is convenient, as each step is completed online, according to the About Us page.
Lendafy.app was registered on April 10, 2019. Lendafy.com was registered on April 11, 2015.
Not Accredited By BBB
BBB does not accredit Lendafy. However, it has rated Lendafy an “F” due to its failure to provide responses to customer complaints. Over the past three years, 15 complaints have been filed against Lendafy. Most of the complaints are no longer available.
Lendafy’s BBB filing provides the address, 8 The GRN, Dover, DE 19901. The address is A Registered Agent, Inc, according to the Delaware Corporate Headquarters website. A registered agent is a service that helps businesses manage their paperwork.
Lendafy Trustpilot Reviews
Unlike BBB. Trustpilot reviews are easily manipulated. Unofficial websites manipulate Trustpilot reviews because they can. While there is no evidence to link Lendafy to Trustpilot review manipulation, it is highly possible. When you compare the 1-star BBB customer rating with the 4.7-star Trustpilot rating, a red flag pops up.
The 1-star reviews make a mixture of claims. A review posted on September 29, 2021, claimed to have received a loan confirmation for $10,000 via email but was denied. Most of the reviews are linked to loan denials.
If you look at the 5-star ratings, you will notice they are Swedish, with no English reviews. The Trustpilot filing provides the address Hovslagargatan 5 11148 Stockholm Sweden.
A business search via the Delaware Department of State: Division of Corporations did not render results for Lendafy.
A business search via the Bolagsverket Swedish Companies Registration Office does validate Lendify Finance 2 AB as a limited company. There is no evidence to connect Lendafy.app to Lendify Finance AB.
If is important to note the different spellings for Lendafy and Lendify Finance.
Afterword – Lendify.app Scam
Is Lendafy.app a scam? Is Lendafy a scam? There is no evidence to support Lendafy is a scam service. Lendafy may be trying to impersonate Lendify Finance by utilizing the same brand, excluding the “A” and “I”. It is questionable how the service has an “F” BBB rating and boatloads of 1-star customer reviews.
It is unclear if Lendify AB and Lendify Finance operate Lendafy.app and Lendafy.com. The spelling difference is probably just one reason why consumers should not connect the website with the Swedish lender.
Consumers need to be cautious when applying for loans from unofficial websites. To obtain approval from Lendafy lenders, consumers must provide a copy of their bank statement, paycheck stub, Social Security card, driver’s license, and other important documents. This is extremely risky behavior because there is no evidence Lendafy.app is legit. Yes, there is Lendafy AB and Lendify Finance companies in Sweden, but there is no evidence to connect them to the website.
There is also no evidence American consumers have obtained loans via Lendafy.app.