About Orchard Platform
Orchard Platform is a technology and infrastructure provider for marketplace lending. Orchard supports operational efficiencies to help institutional investors, investment managers and loan originators connect and transact. Founded in New York City in 2013, Orchard's mission is to build the systems that will allow marketplace lending to efficiently grow into a global financial market. Orchard enables institutional investors and investment managers to allocate capital to marketplace lending, with best practices, manager identification, portfolio benchmarking and strategic access to supply. Orchard helps originators across multiple asset classes diversify their capital structure with marketplace lending distribution, and provides market insights, scalable infrastructure and reporting to enable originators to focus on making loans and giving borrowers more choices.
Expert Collections containing Orchard Platform
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Orchard Platform is included in 3 Expert Collections, including Fintech 100.
250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.
This collection contains companies that provide alternative means for obtaining a loan for personal or business use and companies that provide software to lenders for the application, underwriting, funding or loan collection process.
Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.
Latest Orchard Platform News
Jul 18, 2019
Angela Ceresnie was "really comfortable" being COO at Orchard Platform , the fintech firm she co-founded. In 2016, she took on the same role at Climb Credit , which provides student loans for vocational programs and career training. (This year the company raised $50 million in debt from Goldman Sachs, and last month finalized $9.8 million in series A venture capital.) In 2018, Ceresnie was offered Climb's top job. Eventually, she learned to grow into it . --As told to Maria Aspan I've always been really good at assessing new problems, breaking them down into their component parts, and then figuring out how to solve them. In high school, I was always good at math, but I was really good at logic, which is a classic chief operating officer skill. Having been Orchard's COO, there were many challenges at Climb where I was like, "Oh, yeah. I've done this." Different company, same thing. It's not rocket science. When I was approached for Climb's top role, the biggest question was, "Do I want to be a CEO?" I talked to a lot of people, but being a CEO is kind of like childbirth. People can explain it a million times, but you won't know it until you go through it. You consistently deal with scenarios you've never seen before. Maybe at some point that stops. It hasn't for me, yet. My job had been to be the practical person, to know all the numbers and give a sense that someone's running a tight ship. Especially for fund-raising: As the COO, I'm not thinking, "What's the big-picture answer?" I'm thinking, "What's the practical answer?" When you're the CEO, you need to be the visionary who's explaining how there's going to be a massive opportunity, and also run the tight ship. You also have these moments as CEO: You're in a meeting, and a really hard question gets asked--a gnarly question that no one really knows how to answer--and you have to have a good answer. Internally, as CEO, many employees don't want to problem-solve with you. They want to put their best foot forward. Being a part of the messy figuring-it-out--that doesn't make everyone comfortable. I've been working on spotting when not to meddle, to let people figure it out--but also figuring out when I do need to meddle, when something has raised to a level where it is actually my job. I had a lot of imposter syndrome at Orchard. I had had no experience with startups, and I was also a mom. I was like, "All the startups are run by 22-year-old white men. I'm not that. I'm pregnant." I didn't feel like I fit into the box. I have a network of advisers and mentors, and I would like to hire a CEO coach. That's something you see more and more at big companies. A coach can be that first line when you've got some complicated thing, and you don't want to talk to your staff, because maybe you don't know the path, and don't want to talk to your investors, because you don't want to go to them with some nebulous thing. But I've also tried to develop that muscle of not needing external validation. I have a sense of where I will struggle and where I will be naturally strong. It's been fun to take these more amorphous problems and figure out how I can solve them the way I solve problems. So far, when I've challenged myself to do things, I've been able to do them. So, I'm ready.
Orchard Platform Frequently Asked Questions (FAQ)
When was Orchard Platform founded?
Orchard Platform was founded in 2013.
Where is Orchard Platform's headquarters?
Orchard Platform's headquarters is located at 55 W 21st Street, New York.
What is Orchard Platform's latest funding round?
Orchard Platform's latest funding round is Acquired.
How much did Orchard Platform raise?
Orchard Platform raised a total of $44.7M.
Who are the investors of Orchard Platform?
Investors of Orchard Platform include Kabbage, CE Innovation Capital, Canaan Partners, Spark Capital, Tom Glocer and 16 more.
Who are Orchard Platform's competitors?
Competitors of Orchard Platform include Archer.
Compare Orchard Platform to Competitors
Archer is a technology-enabled service provider in the investment management sector. The company offers a comprehensive middle office solution that helps investment managers streamline operations, launch new products, and expand distribution. Archer primarily serves the financial services industry. Archer was formerly known as Market Street Advisors. It was founded in 2000 and is based in Berwyn, Pennsylvania.