Peerform, a New York-based peer-to-peer financing startup, closed a $1m seed funding round.
The round was led by Corporest Development, a European-based advisory and investment firm led by Charles D. Ohayon, with participation from global investment banks. In conjunction with the funding, Ohayon joined the board and will work with the other directors and management on strategic matters. Gregg M. Schoenberg, the founder of Wescott Capital, an early stage investor in Fintech companies, will lead the company’s board of directors.
The company intends to use the funds to scale the development of the its lending platform.
Led by Mikael Rapaport, co-founder and Chief Executive Officer, Peerform provides a lending platform which leverages a loan analyzer.
It matches borrowers and investors who want to make loans. Borrowers provide information about themselves and receive a tailored quote for a loan. They will only pay a fee if they receive a loan.