LendingCrowd Strikes Partnership with Brismo for Verified Returns Data
The Edinburgh-based fintech lender will work closely with Brismo to bring even greater transparency to its lending platform.
Fintech lending platform LendingCrowd is partnering with Brismo to provide sophisticated and independently verified performance metrics for investors.
Brismo, a London-based provider of lending performance data, uses detailed loan information to analyse and verify returns, which allows investors to perform like-for-like analysis. The company works with a host of loan organisations to provide loan origination figures and risk bands of borrowers, as well independently verified data on arrears and default rates.
The platform’s data on LendingCrowed can be segmented and easily downloaded by investors.
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This level of detail will enable investors to review the performance of the LendingCrowd loan book, the Edinburgh company said, alongside other fintech lending platforms. It will also compare risk and return characteristics across multiple geographies and asset types.
Commenting on the partnership announcement, LendingCrowd’s director of operations, Mike Allan, 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 of Brismo, added: “We are delighted that LendingCrowd is the latest 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.”