Neft LLC, a Newport Beach, California-based fintech startup focused on developing innovative online credit tools and solutions, raised $10m in Series A funding.
Among others, backers included:
– John Sculley, the former CEO of Apple;
– John Mack, former Chairman and CEO of Morgan Stanley; and
– Kevin Knight, former chairman and CEO of Nordstrom fsb.
Sculley and Knight were recently appointed to the NEFT board of directors.
The company intends to use the funds to accelerate the development of its first product.
Founded in 2013 and led by Chad Swensen, CEO, and G. Christopher Imrey, executive chairman, Neft focused on developing innovative online credit tools and solutions for consumers, bureaus and lenders. The company is currently developing mPowerCredit™, a patented online platform that will allow consumers to enhance their credit scores in real-time. It is expected to launch in 2016.
FinSMEs
10/09/2015