Marlette Funding operates the Best Egg online installment loan marketplace and is based in Wilmington, Delaware. The company was founded in August 2013 and launched Best Egg in March 2014. It plans to begin placing loans on its own balance sheet to support growth and partnership initiatives. Marlette has crossed $1 billion in loans originated through Best Egg, and 2015 originations have already far exceeded its 2014 full-year total of $383 million. The company was described as the fastest-growing marketplace lender by Lend Academy and is profitable on a GAAP basis year-to-date 2015, with cumulative break-even achieved. Management says the capital will accelerate growth, expand partnerships, and position the firm as the online consumer lending market evolves.

Total raised

$75M

Funding rounds

1

Latest round

Equity

Latest activity

Jul 2015