GCI announces a strategic investment in Looking Glass Investments (LGI). Founded in January 2012, LGI invests in promissory notes from borrower members of the two largest peer to peer online lenders in the United States: Lending Club Corporation and Prosper Marketplace. LGI is currently managing $1.25M and plans to have $3M under management by the end of 2013. The Company integrates skillfully developed proprietary predictive analytics with proven technology to evaluate investment opportunities and provide double digit returns. In 2014, LGI will manage a fund for accredited investors. GCI’s support aligns with its philosophy to promote sustainable partnerships with companies deploying innovative approaches to existing markets.
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