About PeerIQ
PeerIQ is a Financial Services company based in New York (United States) founded in 2014, and was acquired by Cross River in June 2021. Risk management tools are provided for P2P lending platforms. It operates in the Financial Services and Technology sectors. PeerIQ has raised $20.5 million across 3 funding rounds from investors including TransUnion, Cross River and Morgan Stanley. Its focus areas include FinTech, Banking Tech, RegTech and Risk Management. Its competitors include Moody's Analytics, Middesk and Indico Data; 2 of its 3 listed competitors have raised funding.
Company details
PeerIQ is a New York-based financial information services company which provides tools to analyse, access and manage risk in the P2P lending sector. It pools detailed loan data to provide independent analytics and benchmarks that institutional clients can use to price instruments, value loan portfolios, develop investment views, and manage risk. The main features of its products are: 1. Historical analysis: analysis for risk and return metrics by region, vintage, grade and originator; 2. Forecasting: stress test for loans and portfolios, performance across historical and user-defined scenarios; 3. Benchmarks: short-dated P2P moves and benchmarks for price, risk management and settlement; 4. Researche: macro views on P2P loan market, correlation with other credit assets and trend analysis. Its investors are John Mack, Vikram Pandit, Arthur Levitt, Dan Doctoroff and Eric Schwartz.
- Headquarters New York, United States
- Stage Acquired
- SectorsFinancial ServicesTechnology
- Website peeriq.com
- Social LinkedIn X Facebook
- Acquired by Cross River (Jun 2021)
- Total Equity Funding$20.5M (USD)
in 3 rounds
- Latest Funding Round$12M (USD), Series A
Aug 2017
- InvestorsTransUnion
& 7 more
- Acquired byCross River
(Jun 2021)
Funding Insights of PeerIQ
PeerIQ has successfully raised a total of $20.5M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $12 million completed in August 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $20.5M
- Total Rounds 3
- Last Round Series A — $12M
- First Round $6M
(Apr 2015)
- Investors Count 7
All 3 funding rounds of PeerIQ with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2017 | $12M | Series A | – | TransUnion | |
| Sep 2015 | $2.5M | Seed | – | Victory Park Capital Advisors, Fenway Summer Ventures | – |
| Apr 2015 | $6M | Seed | – | – | – |
8 investors in total: 7 institutional and 1 angel.
Investors in PeerIQ
PeerIQ has secured backing from 8 investors, including institutional, angel, and venture fund investors. Prominent investors backing the company include TransUnion, Cross River and Morgan Stanley.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Blank check and private debt firm focused on multiple sectors | 2007 | victoryparkcapital.com | Chicago, United States | |
Tech focused Early stage VC Firm investing in the US | fenwaysummer.com | Bethesda, United States | ||
Provider of credit scoring data for consumers and businesses | 1968 | transunion.com | Chicago, United States | |
Media conglomerate | 1887 | hearst.com | New York, United States | |
A global financial services organization with Australian heritage is operated. | 1969 | macquarie.com | Sydney, Australia | |
Wealth management, investment advisory, and financial services are provided. | 1935 | morganstanley.com | New York, United States | |
Open banking API solutions are provided for financial institutions. | 2008 | crossriver.com | Fort Lee, United States | |
JM John Mack | Indian angel investor with focus on early-stage startups | unknown_c4a0870783f144ca9 |
Investor details for PeerIQ
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of PeerIQ
5 people are tracked at PeerIQ (1 in leadership, 4 in team).
| Name | Role | Group |
|---|---|---|
Fabrizio Tiso | General Manager | Leadership |
Ece Firat | Executive Assistant | Team |
Ross Mangan | Senior Technical Product Manager | Team |
Laura Mun | Engineering | Team |
Tarun Munjal | Engineering | Team |
Complete people profiles for PeerIQ
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Timeline of PeerIQ
4 dated milestones of PeerIQ across 7 years, from founding to its latest funding, stage changes and deals.
- Founded PeerIQ is founded.
- Funding First funding round of $6.0M.
- Funding Latest funding round, Series A, of $12.0M.
- Exit Acquired by Cross River.
Competitors of PeerIQ
PeerIQ has 3 listed competitors in our database, 2 of them funded. They include Moody's Analytics, Middesk and Indico Data.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| moodysanalytics.com | 2008 | New York, United States | 854 | Risk management software is supplied for insurance and various sectors. | ||
| middesk.com | 2018 | San Francisco, United States | $77M | Risk management solutions for financial institutions are offered. | ||
| indicodata.ai | 2014 | Boston, United States | $73.22M | 72 | Data processing tasks are automated via AI-driven management solutions. |
Detailed competitors of PeerIQ
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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- Competitive positioning
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Web traffic of PeerIQ
The website of PeerIQ (peeriq.com) receives about 1.7K visits a month.
- Monthly visits1.7K
▼ 9% vs previous month
Top companies in Regulatory & Compliance Tech
3 companies that operate in the same segment as PeerIQ (Regulatory & Compliance Tech) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
CLEAR is focused on secure identity verification for seamless experiences. | 2010 | New York, New York, United States | USD 135 M | USD 900.78 M | 4,019 | |
AI-based fraud prevention for e-commerce payments is provided. | 2013 | New York, New York, United States | USD 232.02 M | USD 346.08 M | 724 | |
Compliance management solutions for financial institutions | 2014 | New York, New York, United States | USD 461 M | 815 |
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Related news about Peeriq
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Frequently Asked Questions about PeerIQ
PeerIQ was founded in 2014 and raised its 1st funding round 1 year after it was founded.
PeerIQ is headquartered in New York, United States. It is registered at New York, New York, United States.
PeerIQ is a funded company, having raised a total of $20.5M across 3 funding rounds to date. The company's 1st funding round was a Seed of $6M, raised on Apr 2015.
PeerIQ is a New York-based financial information services company which provides tools to analyse, access and manage risk in the P2P lending sector. It pools detailed loan data to provide independent analytics and benchmarks that institutional clients can use to price instruments, value loan portfolios, develop investment views, and manage risk. The main features of its products are: 1. Historical analysis: analysis for risk and return metrics by region, vintage, grade and originator; 2. Forecasting: stress test for loans and portfolios, performance across historical and user-defined scenarios; 3. Benchmarks: short-dated P2P moves and benchmarks for price, risk management and settlement; 4. Researche: macro views on P2P loan market, correlation with other credit assets and trend analysis. Its investors are John Mack, Vikram Pandit, Arthur Levitt, Dan Doctoroff and Eric Schwartz.
PeerIQ's top competitors include Middesk, Indico Data and Moody's Analytics.
PeerIQ has 8 investors. Key investors include TransUnion, Cross River, Morgan Stanley, Macquarie Group, and Hearst.
Yes. PeerIQ was acquired by Cross River in June 2021.