Peerform

Overview

Peerform is a peer-to-peer lending platform based in New York City that connects prime and near-prime borrowers with accredited investors. The platform offers unsecured personal loans ranging from $1,000 to $25,000, with terms typically spanning three years. Borrowers are assessed using a proprietary algorithm that considers various factors beyond traditional credit scores, aiming to provide more inclusive lending options. Investors on Peerform can choose to fund whole loans or participate in fractional loans, allowing for diversified portfolios. The platform focuses on fixed-income investments, offering opportunities in the debt and bonds asset class. Peerform primarily targets early-stage, growth, and late-stage investments within the United States, emphasizing financial services, fintech, and consumer lending sectors. Since its inception in 2010, Peerform has attracted funding from various investors, including a $1 million seed funding round led by Corporest Development in April 2014. The company has also entered into agreements with institutional lenders to fund whole loans on its platform, aiming to expand its reach and impact in the peer-to-peer lending industry.

Investment Focus

• Accredited Investors
• Institutional Investors