NEW YORK, June 2, 2017 /PRNewswire/ -- SyndiCrowd (www.SyndiCrowd.com), an online crowd-funding platform for alternative investments, has launched. SyndiCrowd provides an online marketplace where subprime borrowers with asset-based loan pools can connect with private investors looking for the higher returns and lower risks available from investing in diversified loan pools.
SyndiCrowd's peer-to-peer site is designed to serve the rising needs of both yield-hungry private investors and subprime debt borrowers. Accredited individual investors and smaller institutions now have the opportunity to invest in diversified auto, real estate or consumer loan pools, investment opportunities that were often limited to larger institutions in the past. Subprime borrowers can use www.SyndiCrowd.com to sell asset-based loans to these investors, freeing up capital to make new loans.
SyndiCrowd co-founder and CEO, Yury Vasilyev, has more than 20 years of experience as a financial entrepreneur, lawyer and economist in the United Kingdom, Israel and Russia. Co-founder and CFO, Oleg Ermolin, is a former CFO and investment management professional and entrepreneur with experience in numerous early stage Fin-Tech projects.
"We offer an entirely new model that minimizes the risks for prospective investors," notes Vasilyev. "We provide investors with a pool of asset-based loan products, which decreases the investment risks per se. The chances of overall pool default are extremely low."
SyndiCrowd's experienced team conducts a thorough screening of borrowers and provides an extensive risk assessment of the loan underwriting process. Loans are doubly secured by both the underlying collateral (real estate and vehicle loans, for example) and the borrowing company's guarantee. Igor Postelnik, head of Risk Assessment at SyndiCrowd, is an accomplished risk manager with decades of experience in market, credit, and operational risk management and regulatory reporting for financial service firms such as Fidelity, JP Morgan and BNP Paribas.
According to CEO Vasilyev, the U.S.A. has the largest subprime market in the world, with the subprime auto loan market alone having an estimated value of $60 billion per year. High rates of return in these subprime markets have attracted banks, hedge funds and institutional investors from around the world. The SyndiCrowd platform now allows private investors and smaller institutions to tap into these enormous markets, providing opportunities previously reserved for larger hedge funds and institutional investors.
"The real estate, auto and consumer loans markets have been largely inaccessible to private investors," according to Vasilyev, SyndiCrowd's Founder and CEO. "With 8- 20% average rates of return, private investors would obviously like to participate. SyndiCrowd can now help them to access these markets."
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