Random Forest Capital has developed a software solution that helps institutional investors identify investment opportunities from consumer, residential and commercial credit platforms; the firm has obtained $1.75 million from a fundraising round that it plans to use for building its software and machine learning algorithms and also for hiring new employees. Source
Peerform has been around the marketplace lending space since 2010; they are the third oldest platform behind Prosper and Lending Club; since 2014 a lot has happened at the firm including the acquisition of the company late last year by Strategic Financial Solutions; the firm has three products today: marketplace loans, direct pay consolidation loans and debt negotiation loans; the company recently formed an investment partnership with Random Forest Capital which focuses on data science and machine learning; article discusses how the two companies have partnered, overhauling Peerform's APIs and creating proprietary credit models. Source