NSR Invest, a Denver, CO-based investment manager in peer-to-peer investments for institutions, individuals and their advisors, and LendingRobot, a Seattle, WA-based fully automated investment service for alternative lending platforms including Lending Club, Prosper and Funding Circle, have merged.
The financial terms of the deal were not disclosed.
The combined company will create an independent advisory platform for alternative lending. Lend Core LLC, the parent company of NSR Invest, acquired Algorithmic, Inc. and all its assets, including the LendingRobot website and technology.
The merger brings together two highly complementary companies in the peer lending space. The joint team will combine its knowledge in the industry, investment algorithms, machine learning and blockchain technologies with the goal of providing steady investment returns to more than 8,000 clients.
The websites, operating, and trading systems of NSRinvest.com and LendingRobot.com will continue to function separately in the short term. In the immediate future, the company is focusing its newfound strength on the LendingRobot Series.
LendingRobot Series is an alternative lending robo-fund that allows investors to achieve immediate diversification and enhanced liquidity across the real estate, small business and consumer lending platforms. The fund utilizes its legal structure to adapt itself to each investor’s specific needs, and allows each investor the ability to invest according to their specific duration and risk tolerance. In addition, LendingRobot Series leverages blockchain technology to securely publish a ledger notarized by the Ethereum Blockchain, which allows it to be one of the most transparent funds in the industry.
NSR Invest co-founder and CEO Bo Brustkern will lead the combined entity as CEO.
LendingRobot co-founder and CEO Emmanuel Marot will continue as a special advisor to the combined entity.