US start-up Finley secures $17m in Series A fundraise
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.
Finley raises $17m Series A
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.
James Green, general partner at CRV, will also join Finley’s board of directors.
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”.
With its software, Finley claims to bring “speed, transparency, and simplicity” to debt capital management. It currently works with customers including TripActions, Ramp, and Parafin.
