Peach offers an API-first loan management and servicing platform that enables lenders to configure and launch flexible lending products across various asset classes. The system integrates end-to-end servicing tools, ensuring compliance with federal and state regulations while streamlining operations for improved efficiency.
Funding
$37.8M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many lenders struggle with inflexible, legacy loan management systems that cannot accommodate the complexities of modern lending products and diverse asset classes. These systems often lack the necessary APIs and configuration options to quickly launch new programs or adapt to evolving regulatory requirements.
Solution
Peach provides an API-first loan management and servicing platform that empowers lenders to design and deploy highly configurable lending products across a wide range of asset classes. The platform's Adaptive Core™ allows for granular control over loan parameters, while its Servicing Suite offers a fully integrated set of tools for CRM, borrower communication, payment processing, and collections. Compliance Guard™ provides borrower status monitoring and customizable rules to help lenders adhere to federal and state regulations. Peach's modern RESTful API enables seamless integration, reducing the time and resources required to launch new lending programs.
Target Audience
Peach targets lending innovators across various asset classes, including consumer, business, installment, and revolving credit, who require a flexible and compliant loan management solution.
Features
- Adaptive Core™: A fully configurable loan management system supporting installment, revolving, consumer, and business loan types.
- Loan Replay™: Enables testing and validation of loan configurations.
- Servicing Suite: Integrated tools for borrower portal, communications, CRM, payment processing, and first-party collections.
- Compliance Guard™: Borrower status monitoring and customizable rules for FDCPA, SCRA, TCPA, and UDAAP compliance.
- RESTful API: Modern API for seamless integration with existing systems.
- Portfolio Migrations: Streamlined migration process via API.
- Reporting: Comprehensive reporting capabilities with an immutable ledger.
- Security: SOC 1 Type 1, SOC 1 Type 2, SOC 2 Type 2, PCI DSS Level 1, and HIPAA compliant.