Fintech data firm raises $15m for new product push

By Roger Baird on 7th February 2019

Fintech

US company dv01 is one of a number of firms working to bring greater transparency to the online lending market.

Fintech data firm raises $15m for new product push

Online lending data firm dv01 has raised $15m in a cash call and said it will spend the cash on expanding its library and developing new products.  

The US fintech said it would introduce new products to measure securitisation and mortgages, as a number of data businesses push for greater transparency in the online lending market.

It said its platform is used by over 250 institutional investors, originators, lenders and banks, which is the integrated data of 16 marketplace lending platforms and a number of mortgage servicers.

The New York-based firm’s investors in the series B funding include US venture capital firm Pivot Investment Partners and American financial services business Jefferies Financial Group.

Founder and chief executive of dv01 Perry Rahbar said the fundraising was “proof of the strong demand” for this service.

Rahbar added would develop new tools that would bring “much needed transparency and insight into every loan facing a consumer today”.

The business added it will “soon launch” a new credit risk transfer market surveillance product, which it said will provide investors further data insight into over $1.8trn of outstanding loans.

The firm, launched in 2014, competes for corporate customers with US-based PeerIQ and UK-based Brismo.

 

 

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