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Cross River buys lending fintech

New Jersey based Cross River, a commercial bank, extended their fintech acquisition record with the purchase of PeerIQ, a next generation provider of risk management tools, loan data and data verification features. It's founder dubbed the platform “the Bloomberg for marketplace lending.” 

“We can do more together than as a partner that is one step removed,” said Ram Ahluwalia, PeerIQ's founder.

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new jersey, lending, m&a