A fintech startup focused on expanding access to credit has closed a $15 million Series A round, funding that will go toward scaling its underwriting technology and expanding into new markets.
The problem it’s solving
The company’s lending platform is built for borrowers who lack a traditional credit history, using alternative data sources such as cash flow patterns and utility payment records to assess creditworthiness rather than relying solely on conventional credit scores.
What’s next
With the new funding, the company plans to grow its engineering and risk teams and expand its lending programs into several additional states over the coming year. Leadership has also signaled interest in partnerships with community banks looking to modernize their own underwriting processes.
The round was led by a fintech-focused venture fund, with participation from several existing investors from the company’s earlier seed round.