Affordit Gets Angel Funding

Santa Monica-based Affordit, an online site which allows low income consumers to buy electronics on installment, rather than through an outright purchase, has raised a round of angel funding. News of the funding came through an interview with Brian Garrett of Crosscut Ventures in this publication. No details of the funding have been announced, however, Garrett said the firm participated last month in an angel round for Affordit which also included a number of Los Angeles area angel investors. Affordit is the latest startup of Wil Schroter, who founded business matchmaking site Go Big Network. More information »