Vincent secures $6m of funding for alternative investment search engine
A US website that lets users back alternative investments including peer-to-peer loans has raised $6m (£4.35m).
Fintech firm Vincent lets investors put money into a range of alternative investments, including loans on offer from US P2P lending platform Prosper and P2P lender-turned-bank Lending Club.
Other alternative investments on the platform include cryptocurrencies and art.
Eric Cantor, chief executive of Vincent, said the funding would be used to build research and analysis tools on the website.
Read more: Prosper commits to retail P2P amid LendingClub exit
Read more: Prosper sees average loan size fall by two per cent
The funding has come from Jason Calcanis, an early investor in companies such as Robinhood and Uber as well as Joe Lonsdale of 8VC and Barry Silbert of Digital Currency Group.
“There is a profound hunger among our community to keep learning, building, investing and earning,” Cantor said.
“For most, the first step is discovery, which is why we’ve aggregated the largest database of qualified alternative investment opportunities — venture capital, collectibles, real estate, crypto, art, debt and more — available to all investors.
“But we know our investors want to research and analyse opportunities as well, and they want to get their capital allocated more quickly. In our next chapter, we aim to fulfil those needs, and more.”
Other platforms offering investments through Vincent include CrowdStreet, FundersClub and OurCrowd.
Read more: Prosper, LendingClub and VPC form American Fintech Council