Hi. Welcome to Money Mola. Welcome. We’re excited to have you here.
As we start our journey to help people manage loans with family and friends, I wanted to take a moment to introduce our team and share our goals and dreams here at Money Mola.
What We Do
If you had not noticed yet, Money Mola is all about helping people manage loans with friends and family. When you borrow money from a bank, they offer helpful tools to view your balances, make payments, and understand your loan costs. While you can find bits and pieces or try building your own loan spreadsheet, there is no simple solution that brings all of this information into one easy-to-use platform for person-to-person loans. We are here to change that.
Our goal is to bring you a simple, easy-to-use platform to manage all of your friend and family loans in one place. We will never be done innovating and bringing you new features, but to start our goal is to help you initiate new loans, make online payments, and track your balance through our website or mobile apps.
If you are a lender giving money to a relative or friend, you have two big goals: get paid back and preserve your relationship. Money Mola will give you the ability to set your interest rate, payment frequency, and payback schedule. You can always login and see your loan balance at a glance and get paid through direct deposit right to your bank account. No more trips to the bank to deposit a check or cash payment. If you do get paid via another means, you can manually add the payment in just a few clicks.
As a borrower, it can be tough to ask for money and even harder paying it back. Knowing how much to pay and when can be complicated, and meeting someone in person for payments is not always practical. With our system, you can see everything online and use auto-pay to pay down your loan balance just like borrowing from a bank. How cool is that!
Who We Are
My name is Eric Rosenberg and I am the CEO of Money Mola. I came up with the idea for Money Mola while working on my personal finance blog, Personal Profitability. I saw that so many people lend money between family and friends but have trouble managing the whole process. I want to help make it easier for you.
My teammate is Balaji Vasudevan, our trusted CTO. Balaji has experience in career and finance related startups, and is hard at work leading the construction of our backend systems.
We are taking care of the hard part so you don’t have to.
Why Money Mola?
Startups have some funny names these days. We wanted something memorable and fun, so we picked Money Mola. The money part is (hopefully) obvious. We want to help you with your money.
Mola comes from the name of a type of fish called the Mola Mola. I came across the Mola Mola while visiting the Oceanarium in Lisbon, Portugal. The Mola Mola is a funny looking fish dating back to prehistoric times. It is the largest bony fish in the world. Adults weight on average 2,200 pounds (or 1,000 kilos for our friends on the metric system). The biggest Mola Molas can reach 5,000 pounds (2,300 kg)!
Seeing a Mola Mola for the first time made me smile. Don’t you just want to hug one! Here is a look at a Mola Mola (also known as the Ocean Sunfish) filmed at the very spot I saw one:
Welcome, And Feel Free to Say Hello
We appreciate every single visitor to this site, and whether you are a Money Mola user or just visiting, I would love to hear from you. If you have loan horror stories from the past, needs that we are missing, or just want to say hi, shoot me an email. You can reach me at Eric (at symbol) MoneyMola.com.
That is my real email address, and I will read each message personally. That is because we care about each of you and want to help you on your road to personal finance success.
I hope you find MoneyMola both helpful and easy-to-use. If we miss either of those, please let me know and I promise we will do everything we can to help you out.
Thanks for visiting,