Lendtable
Series ARaised Since FeaturedDon't leave money on the table
Cash advances that help employees max out their 401(k) match and ESPP without using their own money.
About
Lendtable provides cash advances to employees so they can capture their full employer 401(k) match and ESPP benefits without contributing any of their own money upfront. One in four Americans miss out on their full 401(k) match โ representing $24 billion in unclaimed employer contributions. Lendtable solves this by fronting the capital, and once the vested funds are received, the company takes a small percentage of the match earned. Founded in 2020 by Sheridan Clayborne and Mitchell Jones, two former Dropbox product managers, Lendtable graduated from Y Combinator (S20) and has onboarded over 100 employers including Walmart, Google, Microsoft, and Boeing. The company raised an $18M Series A led by O1 Advisors with participation from SoftBank's SB Opportunity Fund and Valor Equity Partners.
DailyDropout Take
Lendtable stood out as an elegantly simple fintech solution to a massive problem โ 25 million Americans leaving $24 billion in employer 401(k) match on the table every year. With two ex-Dropbox PMs from Goldman and Yale, YC backing, and a capital-light model that aligns incentives perfectly, they were positioned to unlock billions in unclaimed retirement benefits.
Discovery signal: YC S20 batch, unique financial product with no direct competitors, large addressable market of unclaimed 401(k) match benefits, strong founder pedigree
What Makes Them Unique
Lendtable is the only platform that provides cash advances specifically to help employees capture their full 401(k) match and ESPP benefits โ turning unclaimed employer contributions into a financial product that requires zero upfront capital from the employee.
$2.4M+
Match Benefits Disbursed
100+
Employer Partners
$24M
Total Raised
Target Markets
Founders
Sheridan Clayborne
Co-Founder
Accepted to Northwestern University at age 15. By 17, operated a hedge fund trading sneakers and apparel reaching $25M in revenue. Former quant trader at JPMorgan and youngest person on Goldman Sachs' Special Situations Group at 18. Former PM at Dropbox.
Mitchell Jones
Co-Founder
Former product manager at Facebook and Dropbox. Yale graduate focused on financial inclusion and investment accessibility. Grew up in a lower-middle-income community in Dayton, Ohio.
Funding History
Lead: Undisclosed
Lead: 01 Advisors
Investors
Firms
Individual Investors
Co-Founder, 01 Advisors (former Twitter CEO)
Co-Founder, 01 Advisors (former Twitter COO)
CEO, SoFi
CEO, Complex Networks
COO, Impossible Foods
CEO, Momentive
Former VP of Engineering, Facebook