Finley, a US-based start-up that provides software to help businesses manage and access debt capital, has secured $17 million in Series A funding.
The round was led by CRV with participation from existing investors Y Combinator, Bain Capital Ventures, Haystack, and Nine Four Ventures, as well as new investor Upper90.
Additionally, James Green, the general partner at CRV, will also join Finley’s board of directors.
READ ALSO:
Apple Analyst Kuo Says Folding iPad will be launched in 2024
Apple announces MLS Season Pass availability for forthcoming 2023 Major League Soccer for Fans
U.S. India forms partnership, targets arms and AI to compete with China
With the fresh funding, Finley plans to expand its team by hiring new employees across all divisions. It will also work to further develop its products as it looks to “deliver more robust capital markets capabilities” to customers.
Finley says the private credit space is crowded with a number of players, and no centralised standards means raising and managing debt capital is now “more complex, fragmented, and opaque than ever before”, leading to “inaccurate transactions, limited views of risk, and frequent lender-borrower disagreements”.
According to the company after the funding, it said; with its software, Finley claims to bring “speed, transparency, and simplicity” to debt capital management.
It clients and customers includes; TripActions, Ramp, and Parafin.
