FinMkt, Inc., a New York City-based provider of technology and infrastructure for the online lending industry, closed a $5m equity funding in November 2017.
The round was led by ManchesterStory Group with participation from Perot Jain LP, Vectr Ventures and existing investors.
The company intends to use the capital to continue to grow Lending Gateway.
Led by CEO Luan Cox, FinMkt provides a tech infrastructure which enables online lending organizations to deploy marketplace solutions and manage customer acquisition, product matching, tracking and reporting.
The company, which also has offices in Hyderabad, offers the Lending Gateway, FM Marketplace and FM Portfolio.
Lending Gateway is a centralized technology platform that facilitates the submission of online loan requests and the delivery of competitive, pre-qualified loan offers from multiple lenders.
FM Marketplace leverages Lending Gateway’s core technology to allow organizations to operate their own real-time online marketplace for any product type.
FM Portfolio is an institutional-grade dashboard that tracks aggregated loan portfolio data and provides detailed analytics to monitor portfolios across multiple online lending platforms.