Renren led a $70m series C round for the mortgage marketplace, bringing its funding to almost $110m, as it reaches $100m of loans processed in its first year of operation.
US-based mortgage marketplace lending platform LendingHome revealed a total of $109.3m of funding yesterday including a $70m series C round led by social network operator Renren.
Founded in late 2013, LendingHome operates an online mortgage lending platform it claims closes loans five times faster, and at a third of the processing cost of the industry average.
The company has partnered with credit funds, private equity firms, family offices and university endowments, and aggregates deals so prospective financiers can invest their…
