New Lending StartUp Snags $2M in Investments

Loanz, a private credit platform focusing on peer-to-peer lending, has wrapped up a $2 million seed financing effort.

The company was vague on the source of the funding, only announcing that the financing support came from “an experienced group of financial services and lending industry executives and entrepreneurs.”

Loanz describes itself as being “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.”

The company said that it plans to be open for business—for bother borrowers and investors—”early in Q1 2015.”