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Global Debt Network

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Global Debt Network(GDN) is an online marketplace where financial institutions can buy and sell loan portfolios. GDN’s vision is to bring transparency, data and process standardization and transaction efficiency to broken markets changing the way people deal with and view risk.

Having a transparent secondary marketplace, such as GDN, provides borrowers, lenders and analysts with essential risk information which improves lending decisions and liquidity.

Their customers include retail dealers, banks, credit unions, hedge funds, private equity firms, collections agencies and consumer finance companies. Their technology platform combines a central portfolio listing, online due diligence room, contract negotiation feature and an escrow funding account.

Milestones

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• 
  Global Debt Network received $750k in Series A funding. (5/1/08)
  Posted 9/4/08 at 1:04pm
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  Global Debt Network received $500k in Seed funding. (6/19/07)
  Posted 9/4/08 at 1:04pm
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  Global Debt Network added Monica Maynerick as VP of Business Development.
  Posted 9/4/08 at 1:04pm
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  Global Debt Network added Collin Timothy as VP of Product Development.
  Posted 9/4/08 at 1:04pm
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  Global Debt Network added Scott Walchek as Chairman.
  Posted 9/4/08 at 1:04pm
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  Global Debt Network added Mike Sheridan as President.
  Posted 9/4/08 at 1:04pm
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  Global Debt Network added Vanessa Towning as Corporate Development.
  Posted 9/4/08 at 1:04pm
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  Global Debt Network added Carl Dellar as CTO.
  Posted 9/4/08 at 1:04pm

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