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[Editor’s note: This is a guest post from Gregg Schoenberg, Executive Chairman at Peerform. Peerform is a bronze sponsor and will be in...
Marketplace lender, Peerform, has been acquired by Versara Lending; Versara is a New York City-based consumer lender seeking to expand its lending business in consumer loans; Peerform will enhance the lending capabilities for Versara and Peerform Founder Mikael Rapaport will join Versara Lending as a senior vice president. Source
Peerform has been around the marketplace lending space since 2010; they are the third oldest platform behind Prosper and Lending Club; since 2014 a lot has happened at the firm including the acquisition of the company late last year by Strategic Financial Solutions; the firm has three products today: marketplace loans, direct pay consolidation loans and debt negotiation loans; the company recently formed an investment partnership with Random Forest Capital which focuses on data science and machine learning; article discusses how the two companies have partnered, overhauling Peerform's APIs and creating proprietary credit models. Source