• FOUNDING YEAR: 2008
    LOCATION:
    United States
    REGION:
    Last Update:
    22 Oct, 2019
    Phone:
    (201) 808-7000
    Global presence:
    United States

Description

FOCUS

PRODUCTS & SERVICES:
The company’s personal and corporate banking products and services include checking, savings, and a variety of deposit accounts. Its direct lending loans, including Commercial real estate (CRE) loans for financing the acquisition, redevelopment, and refinancing of office, mixed-use, industrial, retail, commercial condominiums, and multi-family property types in the New York, New Jersey, and Connecticut metro areas loans.
EXISTING PARTNERSHIPS:
Affirm, Best Egg, Coinable, Finix Payments, FreedomPlus, Rocket Loans, Stripe, Visa, etc.

PEOPLE

FOUNDERS:
Gilles Gade (CEO)
Board Members and Advisors:
David Cotney, Gilles Gade, Shimshon Gross, Stuart Hershkowitz, Drew Parker, Phillip Riese, Charles Scharf, Israel Sendrovic, Yitz (Emil) Stern, Scott Tobin, , Mark Wagener.
NUMBER OF EMPLOYEES:
51-200
INVESTORS:
KKR, CreditEase, Battery Ventures, Andreessen Horowitz, Ribbit Capital, LionTree, Exigent Capital Group, Founders Guild
KEY EMPLOYEES:
Randi Schochet (CMO), Salvatore Salzillo (CCO), Michael Raff (CIO), Kathy Nelson (COO), Elliot Rothschild (CAO)

TRACTION

VALUATION / MARKET CAP:
$1 Billion in 2018
VALUATION COMMENT
After the latest funding round, the company's valuation is at $1 billion. (Dec. 2018)
REVENUE:
$10M+ in 2018
REVENUE COMMENT:
Viewable by subscribers only
TRANSACTIONS COMMENT:
The company has originated $20 billion in loans and is growing at a 30% rate.

MOMENTUM

FUNDED:
YES
DATE OF LAST FUNDING:
Dec 2018
LISTED:
NO
COMMENT:
The company raised $28 million from a venture round in November 2016. In December 2018, the company raised $100 million in a PE round.

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