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PeerIQ, the Wall Street-backed startup is a credit risk analytics firm that helps institutions analyze, access and manage risk in the peer-to-peer lending sector, has raised an additional $2.5m Seed round. The latest financing takes the company's total capital raised in the Seed to $8m. The new investors include Victory Park Capital, and Fenway Summer Ventures.
The funding gives the New York-based company a couple of new investors—Victory Park Capital and Fenway Summer Ventures—who join venture capital investor Uprising and an all-star list of Wall Street names... The company said in statement it plans to invest in new features for its analytics tool, as well as adding new customers and staff. The tack-on funding comes as online lending has emerged as one of the most active sectors in 2015, as Xconomy recently wrote, with millions being poured into the space from both private and public markets. San Francisco-based Fundbox raised $50 million in venture funding this month, only six months after the small-business lender raised another $40 million.
