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Percent Wraps 2022 with Significant Growth, Achievements, Product Launches, and PartnershipsPercent, the revolutionary platform that has created the modern credit marketplace, closed out 2022 with record-setting volume increases. Additionally, the company made a series of transformative partnerships, closed a debt financing round with Nomura Strategic Ventures, and launched several new products, propelling the company into a promising 2023. Percent created the modern credit marketplace, which has transformed the private credit sector. As of the end of 2022, the company has enabled its investors to deploy over $1B since its founding in 2018 across 392 funded offerings for nearly 40 lower middle market corporate borrowers. While Percent's historical average APY for investors sits at 12.48%, it currently stands at 14.91%, offering an immensely alluring and promising opportunity for investors despite the tumultuous economic environment. While investor sign-ups grew over 82% to nearly 30,000, Percent also onboarded four new underwriters and 12 new borrowers, showing how the platform appeals to all three sides of a private credit transaction. "Despite the volatility seen in public markets, we have had a very successful year at Percent. In fact, we've seen tremendous growth in all three of the audiences we service - investors, borrowers, and underwriters. We are proud to have built a platform that is transforming the private credit market and providing the data and transparency into transactions that others cannot provide," said Nelson Chu, Founder and CEO of Percent. "We look forward to continued momentum in this new year." Key Achievements, Product Launches and Partnerships in 2022
About Percent Percent has created the modern credit marketplace, empowering investors, borrowers, and underwriters with innovative technology to increase the speed and velocity of transactions at a fraction of the cost. The company's core infrastructure delivers public market efficiencies to the analog private credit market by powering the sourcing, structuring, syndication, surveillance, and servicing of private credit transactions from beginning to end. Founded in 2018, Percent's platform is becoming the market standard for asset-backed and corporate lending, powering over $1 billion in transaction volume in a multi-trillion-dollar private credit industry. For additional information, please visit www.percent.com and follow the company on LinkedIn and Twitter.
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