GLI Finance to Purchase Up to $100 Million in Loans Originated by Raiseworks

Investment will enable Raiseworks to enhance its leadership position in the SME lending market.

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San Francisco (PRWEB) May 06, 2014

Raiseworks, the U.S. peer-to-peer SME lending platform, and its partner GLI Finance Limited (GLIF), announced today that GLIF plans to provide significant resources to Raiseworks to greatly increase the lending capacity of the platform.

Over the next five years, GLIF plans to purchase as much as $100 million in loans originated by the Raiseworks platform.

“We look forward to building our partnership with Raiseworks and exploring the many opportunities for mutual growth,” said Geoff Miller, CEO of GLI Finance.

Gary Chodes, CEO of Raiseworks, commented: “This investment underlines the excellent opportunity we see at Raiseworks. Our goal is to change the way private companies obtain financing and the way institutions invest in private companies, and this support will solidify Raiseworks’ leadership position in the SME lending market.”

For more information, or to sign up, visit http://www.raiseworks.com.

About Raiseworks
Raiseworks operates an online direct lending platform that offers opportunities for investment in small business loans to institutional lenders. Raiseworks improves small business access to capital by leveraging technology to lower the cost of customer acquisition and loan application processing resulting in a dramatic acceleration of the application-to-funding cycle. For more information, visit http://www.raiseworks.com.


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