FinMkt closes $5m Series B funding round
Written by Peter Walker
FinMkt has closed a $5 million Series B equity round led by FINTOP Capital, with participation from existing investors including ManchesterStory Group and West Loop Ventures.
The New York-based firm provides technology solutions for the online lending industry. Through its multi-lender Gateway platform, it facilitates the submission of online loan requests and the delivery of pre-qualified loan offers from multiple lenders via an online interface for the home improvement and retail services industries.
Chief executive and co-founder Luan Cox, commented: “FINTOP’s deep knowledge about what it takes to run a high-growth, hugely successful FinTech company will contribute immensely to our rapid growth.”
He explained that the investment will be used to grow and develop products in partnership with bank and non-bank lending partners.
Joe Maxwell, managing partner at FINTOP Capital added: “By working with banks and other traditional lenders, we believe FinMkt will be the backbone of innovation in helping these financial institutions become increasingly digitally-enabled and leverage best-in-class technology.”
The investment comes ahead of the company announcing the launch of new real-time digital financing solutions with a network of lending partners.