• FOUNDING YEAR: 2013
    LOCATION:
    United States
    REGION:
    NY
    Last Update:
    27 Jun, 2019
    Phone:
    +1 888-217-2718

Description

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:
Viewable by subscribers only
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.

PEOPLE

FOUNDERS:
Matt Burton, Jonathan Kelfer, Angela Ceresnie, David Snitkof, Phill Rosen
NUMBER OF EMPLOYEES:
11-50
INVESTORS:
Max Levchin, Vikram Pandit, John Mack, Hans Morris, Spark Capital, QED Investors, Ben Barokas, Doug Atkin, Social Leverage, Brooklyn Bridge Ventures

TRACTION

VALUATION / MARKET CAP:
$200 MM in 2015

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$44.7 Millions
DATE OF LAST FUNDING:
Sep 2015
SEED & PRIOR FUNDING:
$2.7 Millions
SEED CLOSED ON:
Dec 2013
FUNDING SERIES:
SERIES A
$12 Million Closed: Oct 2014
SERIES B
$30 Millions Closed: Sep 2015
SERIES C
$20 Millions Closed:
LISTED:
NO

LATEST RESEARCH