Loading...
This Namma page is loading for display...
Namma's vision is to make lending and borrowing between family and friends easy and less awkward. By providing with the tools to formalize, legalize and track these monetary exchanges, borrowing can happen more frequently and everyone can feel more supported throughout the process.
Our Mission
In 2015, our founder was searching for a new home after a particularly tough year (divorce, relocation) and found the process for obtaining a loan incredibly long & arduous, even with a good credit score. She thought if only there was a way she could ask her family for a loan in a formal way and pay them back as she would to a bank, but felt awkward with the process. Since a product did not exist on the market to do this in the best way, she decided to build it. Thus, Namma was born.
Our Name
The word “Namma” is derived from the name of emperor Ur-Nammu (reigned 2047-2030 BCE), who established the first legal code. Similarly, Namma exists as a pioneer in the lending/borrowing sphere by utilizing documentation where none usually exists: between friends and family. By formalizing these monetary exchanges, borrowing can happen more frequently and everyone can feel more supported throughout the process.
Lending 101
Our market research shows that lending between family and friends is more common than you think and is also preferred vs. the formal alternatives in some cases. Look at what we have found in our market research.
Lending 101
Lending between family and friends is tricky, causes relationship rifts and therefore has become taboo or even frowned upon. But people who participate properly benefit a lot from this practice. Let us give you some tips on how to go about this the right way.
Our team has worked across leading companies and organizations
