Less than two years ago, we officially launched PeerStreet to the public. One year ago, we had funded 300 loans, representing roughly $100M in volume. Today, I’m pleased to announce, we’ve surpassed half a billion in loans funded on PeerStreet, with zero losses to investors and our monthly origination volume has now surpassed $50 Million.
While we are excited about the growth, this is just the beginning of our journey to change the industry. Our goal remains the same as when we started: to level the playing field between Wall Street and Main Street by providing access and transparency to a market that had previously thrived on opacity.
We continue developing features and integrations to improve the experience for both our lenders and investors alike. We recently announced a new dynamic loan status page that allows investors real-time transparency into the servicing of their loans. We’ve also announced integrations with Betterment, Wealthfront and Personal Capital to allow investors to combine their PeerStreet investments with their broader portfolio.
Along with the growth in our business, I am incredibly proud of the culture and team we have built within the company. We have found amazing talent across all divisions of the business and were recently recognized as one of the Top 5 Startups To Work For in Los Angeles.
We have significant plans for the future. We will continue to improve the platform and roll out additional features for both our lenders and investors. We also plan to expand our lender program across the country and continue to showcase the important work borrowers are doing to improve their communities.
Thanks to our community for all the continued support. We look forward to a great year!
–Brew Johnson, Co-Founder and CEO
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