Thursday, May 14, 2015

Vouch Picks Up $6M For Social Lending

San Francisco-based Vouch, which offers up online consumer lending that uses a users' social network to help determine a user's interest rate, said today that it has raised $6M in a Series A funding round. The funding came from Core Innovation Capital, Data Collective, Stanford StartX Fund and Cooley LLP along with First Round Capital, Greylock, IDG Ventures and AngelList. Vouch, which is led by Yee Lee, determines the interest rate charged to users based on how many of their friends will vouch for their credit-worthiness online. Vouch said it has now raised $9.6M in total.