Peerform is a peer-to-peer lending platform that connects people who want to borrow money with investors. Peerform provides 3-year terms personal loans ranging from $1,000 to $25,000 online : borrowers create listings for a fixed-rate personal loan and are then funded by Investors who chose their target returm and build their portfolios.
Peer-to-peer lending is an alternative to the banking system that provides better interest rates, creates an attractive community of people who want to help each others, and eliminates intermediation between parties.
Peerform was created in September 2009 by financial industry experts in New-York. The company is backed by a solid team of professionals from financial services, strategy consulting, technology, and consumer products.