Vouch, a startup that uses social networks to evaluate a user's credit, has now raised almost $10m in total after securing cash in an IDG Ventures-backed round.
Vouch, the US-based developer of a social network for credit, raised $6m in series A funding yesterday featuring IDG Ventures, a corporate venturing affiliate of media company International Data Group.
Core Innovation Capital, Data Collective, Stanford StartX Fund, Cooley, First Round Capital, Greylock Partners and AngelList also participated in the round.
Vouch’s service, launched in April this year, is an online platform that evaluates borrowers’ creditworthiness through their social network.
Borrowers need to send invitations to people they know who…
