Soros, Jefferies Back P2P Startup of Ex-Mortgage Trader
- Perry Rahbar traded mortgage-backed securities at JPMorgan
- Company analyzes P2P loans for professional investors
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Soros Fund Management and Jefferies Group LLC are investing $5 million in a startup founded by former mortgage-bond trader Perry Rahbar that analyzes consumer debt for professional investors, according to a person with direct knowledge of the matter.
Rahbar’s company, called DV01, helps institutional investors decide which consumer loans to finance through marketplace lenders like Prosper Marketplace Inc. and Lending Club.