Lending markets analytics platform dv01 has picked up a $7.5m seed funding round to help it scale its business.
The company picked up capital from Quantum Strategic Partners, Pivot Investment Partners and Leucadia National Corporation in the round.
dv01, which was founded in 2015, said it would now focus on its securitization offering and scaling its solution to expand into the $12tn consumer and mortgage lending markets.
“Our mission is to bring a higher degree of transparency to lending markets,” said Perry Rahbar, CEO, dv01. “We take data out of archaic databases and transform it into something flexible and dynamic. As an impartial party, we deliver an unbiased view that benefits all market participants: borrowers, lenders, and investors.”
dv01’s current technology aggregates performance data from lenders including Lending Club, Prosper, Marlette Funding, and CommonBond, and enables institutional investors to study individual loan performance and quickly detect issues within portfolios.
Pivot co-founder Dinkar Jetley said, “We’re excited to support a company that is building technology to modernize the capital markets,.
“dv01 offers a reporting and analytics platform that streamlines workflows for institutional investors, making analysis of loan level data faster and more accurate than previously possible.”
Pivot, a team of CEO-level operating executives, works solely investing and supporting fintech and financial services companies.
Quantum is a private investment vehicle advised by Soros Fund Management.
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