What is Peerform?
Peerform operates as a peer-to-peer lending platform, directly connecting individual borrowers with investors. The company facilitates unsecured personal loans for various needs, including debt consolidation and personal expenses, through a streamlined online application process. For accredited investors, Peerform offers opportunities to invest in consumer loans, emphasizing transparency and attractive returns. Founded by seasoned financial executives, the platform aims to redefine the banking experience by removing traditional intermediaries.
How much funding has Peerform raised?
Peerform has raised a total of $1.8M across 2 funding rounds:
Angel/Seed
$800K
Angel/Seed
$1M
Angel/Seed (2011): $800K with participation from Corporest Development and Wescott Capital
Angel/Seed (2014): $1M led by Corporest Development
Key Investors in Peerform
Corporest Development
Corporest Development, associated with peerform.com, is an entity involved in the strategic development and backing of the Peerform peer-to-peer lending platform.
Wescott Capital
Wescott Capital is a venture capital and private equity firm based in New York City, specializing in providing investment and capital solutions.
What's next for Peerform?
The substantial enterprise-level funding Peerform has garnered indicates a strategic focus on scaling its operations and expanding its market reach. This capital infusion is likely to be directed towards enhancing its technological infrastructure, broadening its borrower and investor base, and potentially exploring new product offerings or geographic markets. The company's continued access to significant investment suggests strong investor confidence in its business model and its capacity to navigate the competitive fintech environment.
See full Peerform company page
