Orchard Platform

lendingp2p lending

FOUNDING YEAR: 2013
LOCATION: United States
Last Update: 01/05/2020

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About

Orchard Platform is a technology and infrastructure provider for marketplace lending.

Focus

PRODUCTS & SERVICES

Orchard for originators - integrated platform that empowers originators to more efficiently and intelligently participate in marketplace lending. Orchard for investors - provides products and services for institutional investors to understand, execute, and manage marketplace lending investments. It is is focused on supporting transparent and frictionless transactions in the primary and secondary markets for marketplace funded loans.

REVENUE MODEL

Orchard typically charge clients about three basis points monthly against the amount invested by or managed through the company.

MAIN CLIENTS

Businesses

EXISTING PARTNERSHIPS

Kabbage - This partnership will allow institutional investment managers using orchard platform to access Kabbage's Karrot platform.

COMMENT

Orchard helps institutional investors deploy capital in marketplace lending at scale while providing operational efficiency, advanced analytics, and strategic access to supply. They offer investors automated, data-driven loan acquisition in milliseconds.

Traction

VALUATION / MARKET CAP:

$200 M in 2015

People

FOUNDERS

David Snitkof

Phill Rosen

Angela Ceresnie

Matt Burton

Jonathan Kelfer

NUMBER OF EMPLOYEES

51-200

INVESTORS:

Ben Barokas

Brooklyn Bridge Ventures

Doug Atkin

Hans Morris

John Mack

Max Levchin

QED Investors

Social Leverage

Spark Capital

Vikram Pandit

Momentum

FUNDED

YES

TOTAL FUNDING

$59.7 M

DATE OF LAST FUNDING

Oct 2017

SEED & PRIOR FUNDING

$2.7 M

SEED CLOSED ON

Dec 2013

FUNDING SERIES

SERIES A  · $12 M  · Oct 2014

SERIES B  · $30 M  · Sep 2015

SERIES C  · $15 M  · Oct 2017

LISTED

NO

BASICS

FOUNDING YEAR:

2013

LOCATION:

United States

Views:

139 VISITORS | 203 VIEWS
LATEST FUNDING ROUND

$59.7 M

TOTAL EMPLOYEES
51-200

About

Orchard Platform is a technology and infrastructure provider for marketplace lending.

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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People+
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