Daric

Daric represents the next generation of online lending, tackling difficult problems in software engineering, machine learning, and big data to understand credit risk. We connect borrowers and investors through technology, and manage the underwriting process with powerful software algorithms. Savings are passed directly to participants, decreasing the rates borrowers pay while maximizing what lenders can earn. The process is presented in an elegant user interface that saves time and simplifies decisioning. We also help leading institutional lenders and banks solve some of their hardest problems by licensing our technology, providing a variety of data and lending solutions while ensuring compliance with state and federal regulations. Our technology enhances decision-making and process flow for loan officers, underwriters, and servicers, enabling the distribution of capital in a transparent and efficient manner. Daric was founded by - and now employs - some of the best minds in computer science, mathematics, science, and engineering. We are backed by top executives in technology and finance, including former Wells Fargo CEO and Chairman, Richard Kovacevich.