What is PeerIQ?
Headquartered in New York, New York, PeerIQ operates within the financial information services industry, providing institutional investors with sophisticated tools for analyzing, accessing, and managing risk in the peer-to-peer lending sector. The company's core offering is an advanced analytics platform that aggregates loan data from various online P2P marketplaces. This platform enables clients to assess loan performance, generate cash flow projections, develop informed investment views, price credit instruments, value and manage loan portfolios, and accurately gauge risk. PeerIQ's focus on data aggregation and risk analytics positions it as a critical infrastructure provider for investors navigating the complexities of alternative lending.
How much funding has PeerIQ raised?
PeerIQ has raised a total of $14.5M across 2 funding rounds:
Angel/Seed
$2.5M
Series A
$12M
Angel/Seed (2015): $2.5M with participation from Fenway Summer Ventures and Victory Park Capital
Series A (2017): $12M led by Uprising Ventures, Macquarie, and TransUnion
Key Investors in PeerIQ
Fenway Summer Ventures
Fenway Summer is an early-stage investment firm specializing in financial technology (FinTech) and regulatory innovation, providing capital and strategic advisory services.
Victory Park Capital
Victory Park Capital Advisors, LLC (VPC) is an investment firm that provides capital to emerging and established companies worldwide, specializing in businesses unable to access traditional funding sources.
Uprising Ventures
Uprising is an investment banking company based in San Francisco, California, focused on the financial sector.
What's next for PeerIQ?
The recent major strategic investment signals PeerIQ's transition into a scaling phase, likely focused on expanding its market reach and enhancing its technological infrastructure. With a solid foundation in data analytics for the P2P lending sector, the company is well-positioned to capitalize on the growing demand for sophisticated risk management tools. Future developments may include broader integration with traditional financial institutions, expansion into adjacent alternative lending markets, and further refinement of its predictive analytics capabilities to offer deeper insights into credit risk and market trends. This strategic financing will likely fuel product development and bolster its competitive edge in the FinTech landscape.
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