LendingCrowd and Brismo to enter partnership
Scottish fintech LendingCrowd, has just announced a partnership with Brismo to provide detailed and independently verified investment performance metrics.
Brismo provides lending performance data using sophisticated loan information to analyse and verify returns. Investors are able to access like-for-like analysis. This is a fantastic addition to the LendingCrowd platform which will allow investors to compare the performance of the LendingCrowd loan book alongside other fintech lending platforms.
Commenting on the partnership, Mike Allan, Director of Operations, LendingCrowd, said: “We are proud of our track record and believe in enabling transparency so that investors can compare performance across the lending sector. LendingCrowd has made great strides in scaling the business while remaining committed to robust credit processes and responsible lending.”
Rupert Taylor, founder and CEO, Brismo, added: “We are delighted that LendingCrowd is the latest leading platform to join Brismo and we look forward to helping illustrate the company’s impressive track record to investors. LendingCrowd is scaling its operations and diversifying its funding base at an impressive rate, so we are confident that this new partnership is a win-win for all parties.”
Brismo’s platform provides detailed loan book analysis, including loan origination figures, risk bands of borrowers, term and interest rate of outstanding principle and independently verified data on the arrears and default rate. Brismo data on LendingCrowd can be segmented and downloaded easily by investors.