What is PeerIQ?
Headquartered in New York, PeerIQ operates at the intersection of financial technology and data analytics. The company provides institutional investors with sophisticated tools designed to analyze, access, and manage risk within the peer-to-peer lending sector. Its core offering is an advanced analytics platform that aggregates loan data from a multitude of online P2P marketplaces. This data is then leveraged to provide critical credit risk analytics and benchmarks, empowering clients to meticulously assess loan performance, forecast cash flows, formulate investment strategies, price credit instruments accurately, value and manage loan portfolios, and gauge overall risk exposure. PeerIQ's services are crucial for navigating the complexities of alternative lending markets.
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 Victory Park Capital and Fenway Summer Ventures
Series A (2017): $12M led by Macquarie, TransUnion, and Uprising Ventures
Key Investors in PeerIQ
Victory Park Capital
Victory Park Capital Advisors is an investment firm that provides capital to emerging and established companies worldwide, specializing in serving businesses that cannot access traditional funding sources through strategic deal sourcing and innovative financing solutions.
Fenway Summer Ventures
Fenway Summer is an early-stage investment firm focused on financial technology and regulatory innovation, leveraging extensive expertise across U.S. financial services to support new companies with capital and strategic advisory.
Macquarie
Macquarie is a global financial services group offering a comprehensive range of services including asset management, banking, wealth management, and capital raising across 33 markets worldwide.
What's next for PeerIQ?
The recent major strategic investment signals a new phase of growth and development for PeerIQ. This capital infusion is expected to fuel further expansion of its analytics capabilities, enhance its data aggregation infrastructure, and potentially broaden its market reach. The company's focus on providing deep insights into the P2P lending sector positions it to capitalize on the increasing institutional interest in this asset class. Future endeavors will likely involve refining its risk assessment models and expanding its suite of tools to address emerging trends and challenges in alternative credit markets, solidifying its position as a key player in FinTech.
See full PeerIQ company page
