Lend Core Inc., parent company to NSR Invest and LendingRobot, announced today the close of its first external financing round with FinSight Ventures. The investment will help the company expand its investor outreach, accelerate product development and strategic partnerships. FinSight Ventures general partner Alexey Garyunov and investment director, Maxim Nazarov will join Lend Core’s Board of Directors.
The company’s core technologies drive innovation through interactive analytics, custom modeling, algorithmic investing, order execution, portfolio management, and transparency through blockchain application. Lend Core demonstrates the true potential of marketplace lending through the innovative use of proprietary investment solutions, innovative access technologies and utilization of the blockchain. Individual and institutional investors globally can expect enhanced portfolio
customization, liquidity, and tax-efficient options from the Lend Core suite of products and services.
This funding underscores the momentum Lend Core has achieved since the acquisition of LendingRobot last year, and marks the acceleration of alternative investment innovation.
Commensurate with the closing, Lend Core co-founder Bo Brustkern stepped down from his leadership position to focus on the LendIt Fintech conference, where he serves as CEO. Summer Tucker, Lend Core’s vice president, will succeed Mr Brustkern as managing director of the firm.
“NSR Invest has served as an advocate and innovator for marketplace lending investors since 2011,” Ms. Tucker said. “At the forefront of the latest technologies and trends, we are uniquely positioned to bridge innovation with tradition in a way that redefines portfolio capabilities and the investor experience. We are just scratching the surface of possibility and our partnership with FinSight Ventures propels our vision forward.”
“For nearly five years Summer Tucker has been instrumental to our success,” Mr. Brustkern said. “We compete in a complex and dynamic industry, and Ms Tucker has proven her capabilities in the field of battle. She has generated tremendous goodwill
through her zealously client-centric approach. I can think of no one more qualified or better respected to take the helm of Lend Core as the company begins its next phase of growth.