The acquisition reinforces Versara’s commitment to rapid growth in the consumer lending space.

“This acquisition allows Versara to leverage Peerform’s exceptional history of growth and expertise in consumer marketplace lending,” said An Phan, SVP of Lending at Versara. “We believe that Peerform will greatly contribute toward expanding our current capabilities, and accelerating our service and product offerings to benefit borrowers.”

Peerform was founded in 2010 by Wall Street executive Mikael Rapaport with the mission of helping dependable borrowers whose needs were not being met by existing lenders by offering them with personal loans up to $25,000. The consumer lending platform matches borrowers and investors through its proprietary Loan Analyzer tool. Peerform will operate out of the Versara Lending offices.

“We are committed to continue the growth we’ve experienced since we started the company in 2010,” said Mikael Rapaport, Founder and CEO of Peerform. “In order to realize our potential, it was important for us to build a strong strategic partnership. By joining Versara, we will be able to combine our resources to scale quickly to compete effectively in the consumer lending industry.”