Fintech firm PeerIQ Analytics has announced that Freedom Financial has integrated their PeerIQ Analytics Platform. PeerIQ is a top provider of data and analytics for the emerging online lending industry. Freedom Financial Asset Management, a subsidiary of Freedom Financial Network, is described as one of the fastest growing marketplace lending platforms offering unsecured consumer debt. PeerIQ’s services will include loan data management, reporting, and portfolio analysis— for use by both Freedom’s capital markets team and institutional buyers of Freedom loans.
PeerIQ’s services will include loan data management, reporting, and portfolio analysis— for use by both Freedom’s capital markets team and institutional buyers of Freedom loans. Freedom Financial will leverage PeerIQ’s full suite of tools: investor dashboards, loan surveillance, portfolio benchmarking, automated reporting, credit facility monitoring, cash flow analytics, and loan performance modeling. PeerIQ will provide the same tools for institutional investors to streamline diligence of Freedom’s loan data and monitor existing loan portfolios.
Additionally, PeerIQ announced it has been asked to serve as the independent “fair value” valuation provider for the Freedom asset management team. PeerIQ launched its valuation service last year.
“At Freedom Financial, we’re constantly looking to better serve our institutional investors,” said Joseph Toms, President of Freedom Financial Asset Management. “Our partnership with PeerIQ allows us—and our investors—to access high-quality data and powerful tools to drive actionable insight. We considered multiple service providers, but selected PeerIQ due to the maturity of their solution set, as well as the hands-on credit experience and quantitative pedigree of the team.”
Ram Ahluwalia, CEO of PeerIQ, said they were excited to integrate with Freedom Financial;
“This represents a key milestone for PeerIQ and validation that our integrated approach to product design best meets the needs of originators and investors alike.”
PeerIQ is backed by Uprising, Victory Park Capital, and Fenway Summer Ventures, as well as notable capital markets veterans such as John Mack, Vikram Pandit, Dan Doctoroff and Arthur Levitt.