NEW YORK--(BUSINESS WIRE)--Versara Lending, a leading consumer lender, announces the recent acquisition of Peerform, a prominent personal loan marketplace lender. The acquisition reinforces Versara’s commitment to rapid growth in the consumer lending space.
“This acquisition allows Versara to leverage Peerform’s exceptional history of growth and expertise in consumer marketplace lending,” said An Phan, SVP of Lending at Versara. “We believe that Peerform will greatly contribute toward expanding our current capabilities, and accelerating our service and product offerings to benefit borrowers.”
Peerform was founded in 2010 by Wall Street executive Mikael Rapaport with the mission of helping dependable borrowers whose needs were not being met by existing lenders by offering them with personal loans up to $25,000. The consumer lending platform matches borrowers and investors through its proprietary Loan Analyzer tool. Peerform will operate out of the Versara Lending offices.
“We are committed to continue the growth we’ve experienced since we started the company in 2010,” said Mikael Rapaport, Founder and CEO of Peerform. “In order to realize our potential, it was important for us to build a strong strategic partnership. By joining Versara, we will be able to combine our resources to scale quickly to compete effectively in the consumer lending industry.”
About Versara Lending
Versara Lending, located in New York City, is a privately held consumer lender that specializes in debt consolidation loans. Versara helps consumers that seek to simplify their personal finances with a single, low, fixed monthly payment. Clients, who are burdened by high credit card debt, across multiple accounts, look to Versara to help them achieve financial peace of mind. Versara empowers its clients to resolve their credit card debt and save money each month.
Peerform is a leading marketplace lender that was founded in New York City in 2010. Peerform was created to help individuals that were not being served by traditional lending channels. The Peerform Loan Analyzer, developed with leading economists, helps individuals by changing the way credit worthiness is determined. This differentiated tool takes a specialized approach when looking at an applicant and, because of this, can help borrowers who have not been able to secure funds previously.