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Saturday 24 August 2019

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FinMkt closes $5m Series B funding round

Written by Peter Walker
09/08/19

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.



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