Privlo operates a peer-to-peer online lending platform that matches individuals seeking private real estate loans with individuals who want to make direct loans. The company uses proprietary scoring software to evaluate each borrower’s financial picture. Led by founder Michael Slavin and based in Culver City, CA, Privlo aims to expand its online lending platform to serve borrowers across the United States. Financially, Privlo completed a $3.8M seed-plus equity raise and has also secured substantial debt capacity. The firm has obtained up to $350M in debt capital from a multibillion-dollar New York–based private real estate investment fund. Privlo is actively hiring to support its growth and expansion plans. Privlo is an online marketplace for private mortgage loans based in Santa Monica, CA. Launched in 2011 by CEO Michael Slavin, the company has built a technology platform that leverages multiple sources of data to match borrowers and lenders and enable accurate credit decisions. Privlo operated a pilot and intends to use newly raised funds to expand loan volume booked during that pilot. The company is developing tools to allow borrowers to apply directly for loans, with those tools slated to go live later that summer. Privlo raised $2.1M in seed financing to support these product and growth initiatives. The company also added several senior executives and industry veterans to its leadership team and advisory board to support product, credit, customer and operations functions.

Total raised

$6M

Funding rounds

2

Latest round

Seed

Latest activity

Jul 2014