Daric

lendingp2p lendingsme financing

FOUNDING YEAR: 2012
LOCATION: United States
Last Update: 01/05/2020

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About

Daric is a peer to peer lending platform that extends personal and small business loans at competitive rates using big data.

Focus

PRODUCTS & SERVICES

Decision Platform - interface and back-end infrastructure for automated risk modeling, rule-based scoring, decisioning, and data integration across industries. Reporting and compliances - Document vault and custom reports that can then be used for underwriting, investment management, and servicing of assets. Automated risk modeling, rules-based scoring and data integration across a variety of industries makes decision making easier

REVENUE MODEL

Daric has 3 main revenue sources: 1) Borrower fee: This fee is included in the annual percentage rate calculation, and varies depending on the size of the loan, financial history, and business' financials'; it may be up to 5% of the loan amount; 2) Late payment fee: it is greater of, 5.00% of the unpaid payment amount or $15, and is only charged once per late payment; 3) Unsuccessful payment fee: an unsuccessful payment fee of $15 is charged to the borrower to cover the cost Daric incurs on the transaction. Possible causes of a failed payment include an insufficient balance in the borrower’s bank account, a suspended bank account, or a closed bank account.

COMMENT

Provides cloud based risk analysis which helps in decisioning, customer acquisitions and visualizations

People

FOUNDERS

Vasant Ramachandran

Greg Ryan

Cooper Dawson

BOARD MEMBERS AND ADVISORS

John Gengarella

Greg Ryan

Vasant Ramachandran

Cooper Dawson

NUMBER OF EMPLOYEES

11-50

INVESTORS:

Goldcrest Investments

Jay Leupp

Jennifer Johnson

Richard Kovacevich

Momentum

FUNDED

YES

DATE OF LAST FUNDING

Jan 2012

LISTED

NO

BASICS

FOUNDING YEAR:

2012

LOCATION:

United States

Views:

188 VISITORS | 418 VIEWS
TOTAL EMPLOYEES
11-50

About

Daric is a peer to peer lending platform that extends personal and small business loans at competitive rates using big data.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

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Momentum+
People+
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