CreditMax, an electronic exchange for the sale and purchase of distressed consumer debt, announced it has received a growth equity investment from PPF Finance LLC, a subsidiary of PartnerRe Ltd. and Metropolitan Equity Partners.
The investment is designed to enable the expansion of CreditMax's NDSE Trading Platform and the launch of CreditMax's debt-lending program for qualified debt buyers.
CreditMax's NDSE exchange allows sellers to list debt for sale on a national, regional, state, local, or even account-specific basis. The platform helps buyers identify and analyze portfolios.
The capital investment will be used to expand operations and increase the supply of debt on the NDSE and to provide financing on terms commercially unavailable elsewhere to portfolio buyers, according to the company.