SOURCE: Loanz, Inc.

Loanz, Inc.

October 06, 2014 07:00 ET

LOANZ Announces $2 Million Seed Financing

IRVINE, CA--(Marketwired - Oct 6, 2014) - Loanz, Inc. announced today the completion of a $2.0 million seed financing provided by an experienced group of financial services and lending industry executives and entrepreneurs.

Loanz is a Private Credit Platform for marketplace lending upon which many loan products and companies can be built, all using common underwriting infrastructure "powered by Loanz." It is part of the next generation of peer to peer lending.

The team is made up of lenders with many years of experience scaling wholesale and retail loan origination platforms that have produced over $50 Billion in loans plus technology industry veterans with a track record for building world class platforms at scale in heavily regulated environments.

Loanz will be live for borrowers and investors early in Q1 2015.

About Loanz, Inc.

Loanz offers a private credit lending platform that connects borrowers and investors in a new way. Loanz was formed in 2013 by Outset Ventures, LLC, a development studio for Internet companies in strategic vertical markets.

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