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Orchard launches new credit platform

Tuesday, September 12, 2017
Opalesque Industry Update - Orchard Platform has rolled out Deals as a part of its new platform launch. With the addition of Deals to their suite of technology solutions for loan originators and institutional investors, Orchard Platform takes the next step in their evolution. Deals is a global network where loan originators searching for new sources of financing, and institutional investors with capital to deploy, can connect, evaluate opportunities, and move forward with multiple types of transactions.

"Orchard's network of institutional investors and powerful data and analytics platform have helped us advance our mission of providing efficient access to working capital for small businesses," said Parris Sanz, CEO of CAN Capital. "Orchard helped us find the right institutional partner to fund our future as we move forward with the next phase of our company's growth and reengage with small businesses across America."

Deals is operated by Orchard Platform Markets, LLC, a wholly-owned subsidiary, SEC-registered broker-dealer, and member of FINRA and SIPC. With Deals, qualified investors gain access to a broad range of new investment opportunities, including pools of seasoned loans, forward flow agreements, and credit facilities-along with all underlying deal data and an enterprise suite of credit analytics solutions to evaluate each prospective transaction. Originators with pools of loans to sell can list deals and seamlessly share data within this global network, while working with investors who express interest in a deal to conduct due diligence and analysis, and finalize the transaction's structure and terms.

"Finding and securing the lowest-cost sources of funding for loans is a continuous process, and critical for scaling a lending business," said Victor J. Pacheco, Co-Founder, Chief Strategic Biz Dev Officer of LendingPoint. "Orchard Platform combines a network of qualified investors with an enterprise suite of credit analytics and data and reporting services, helping us connect with more investors while making it easy to support the relationship at each stage of a transaction."

"Whether a transaction involves the sale of a pool of loans, negotiating a credit facility, or arranging and managing forward flow agreements, our platform reduces costs and operational friction for our clients," said Bill Ullman, Chief Commercial Officer of Orchard Platform and CEO of Orchard Platform Markets, LLC. "In short, Orchard is making it faster and less expensive for both sides of the private credit marketplace to find and evaluate opportunities, and move forward on transactions in what has historically been a challenging market."

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