PeerIQ, a New York, NY-based financial information services company, raised $6m in seed funding.
The round was led by Uprising and John Mack, former chairman and CEO of Morgan Stanley, with participation from Vikram Pandit, former Citigroup CEO; Arthur Levitt, former SEC Chairman; Dan Doctoroff, former CEO of Bloomberg LP; and Eric Schwartz, former co-CEO of Goldman Sachs Asset Management, among others.
The company intends to use the funds to further build out its risk analytics platform, grow its institutional investor client base, and expand its team.
Led by Ram Ahluwalia, co-founder and CEO, PeerIQ is a financial information services company that connects peer-to-peer (P2P) lending to the capital markets. Its analytics platform aggregates industry data from online P2P marketplaces and offers credit risk analytics and independent benchmarks that allow investors to assess loan performance, generate cash flows, value and manage portfolios, run scenario analyses, and price credit instruments.