The company closed a $5.9m venture round. The round was led by QED, with participation from Victory Park, Fifth Street Asset Management, Vikram Pandit, Ron Suber. The company's platform provides institutions and lenders the ability to view and purchase middle market loans in a centralized marketplace at smaller transaction sizes than have previously been practical.
MMKT Exchange LLC ("MMKT" or the "Company"), is a secure digital exchange that introduces efficiency, liquidity and transparency to the outdated middle market loan syndication process while increasing accessibility to a broader base of purchasers. The Company announced today that it has launched its loan syndication platform and closed a $5.9MM round of funding on September 4, 2015. The round was led by QED Investors, with Victory Park Capital, Fifth Street Asset Management Inc. (NASDAQ:FSAM) ("FSAM"), Vikram Pandit (Founding Principal, The Orogen Group), Ron Suber (President, Prosper Marketplace) and other strategic high net worth and institutional investors also participating. MMKT will use the funding to accelerate the growth of its infrastructure and sales team, expand its product offering and execute its product roadmap.