Amplify Funding Closed
Lac du Flambeau Band (LDF Holdings) · 2016–2020
Amplify Funding didn't disappear — it was renamed Lendumo on February 27, 2020. Same operation, same tribe, new name. And its old loans were cancelled in the $1.4B LDF settlement.
Do I still owe Amplify Funding?
- Collection status
- Stopped December 17, 2024
- Debt relief
- Pre-Oct 2023 LDF loans cancelled in the Fitzgerald settlement (~$1.4B portfolio-wide)
- Cash fund
- $37.35M (shared)
- Claim site
- consumerloansettlement.com
- Closed
- 2020
Rebranded — customers migrated to Lendumo.
Amplify Funding at a glance
Closed- Owning tribe
- Lac du Flambeau Band (LDF Holdings)
- Lending since
- 2016
- Loan amounts
- $100–$2,500
- APR range
- 400–795%
- Product
- installment
- Website
- amplifyfunding.com
What an Amplify Funding loan cost
Amplify Funding lent up to $2,500 at APRs of roughly 400–795% before being rebranded. Its terms were identical to what Lendumo offers today — because it is the same lender. The February 2020 rename is a common pattern in this industry: a brand accumulates complaints and litigation, and the operation continues under a cleaner name.
The rebrand, and what you may not owe
Amplify Funding was operated by Niswi, LLC under the Lac du Flambeau Band's LDF Holdings. On February 27, 2020 it was renamed Lendumo, and existing customers were migrated to the new brand — so if you borrowed from Amplify and now receive Lendumo communications, it is the same operation.
Both are covered by the Fitzgerald v. Wildcat settlement: LDF-brand loans made between July 24, 2016 and October 1, 2023 were cancelled if unpaid, as part of roughly $1.4 billion in cancellations plus a $37.35 million fund.
Court filings in related cases allege the tribe received only about 1–3% of the lending revenue while a non-tribal company ran the business.
Frequently asked questions
Is Amplify Funding the same as Lendumo?
Yes. Amplify Funding was renamed Lendumo on February 27, 2020 — same operator (Niswi, LLC under the Lac du Flambeau Band), same terms, new name. Existing customers were migrated.
Do I still owe my Amplify Funding loan?
If it was made between July 24, 2016 and October 1, 2023 and is unpaid, it was cancelled under the Fitzgerald v. Wildcat settlement. Check consumerloansettlement.com before paying anyone.
What was Amplify Funding’s APR?
Roughly 400–795% — the same range Lendumo charges today, since it is the same lender under a different name.
This brand is one of many that stopped lending — and in several cases the balances were legally wiped out in a settlement. See the full picture: which tribal lenders shut down, and were the debts cancelled?