About
(i) Peerform is a New York-based consumer lending marketplace serving the needs of institutional whole-loan buyers (ii) Targets prime and near-prime (600-660 FICO) consumer borrowers—the “less-than-perfect credits” who offer attractive risk-adjusted returns to lenders but are generally overlooked by Lending Club and Prosper (iii) Uses proprietary underwriting model, leveraging relationships between credit attributes, to identify a broader range of qualified borrowers than competing marketplaces (iv) Has produced a lower-cost customer acquisition model compared to industry leaders, with run-rate marketing expense per loan already 15-30% lower than Prosper. (v) Borrowers request up to $25,000; the average funded loan carries an interest rate of 19.6%. Seeking $5M equity investment to scale operations