Tax Guard, a Boulder, Colorado-based provider of data and services for lenders to accurately assess tax-related credit risk associated with potential borrowers, received an investment from Falfurrias Capital Partners.
The amount of the deal was not disclosed.
The investment will enable the company to scale the business.
Co-founded in 2009 by CEO Hansen Rada, Tax Guard provides proprietary data and services for lenders to accurately assess tax-related credit risk associated with potential borrowers. Lenders throughout the U.S. use Tax Guard’s proprietary due diligence and monitoring reports both prior to financing and throughout the course of their lending relationships.
In conjunction with the investment, Chris Marshall, co-founder and former CFO of Capital Bank, an early Falfurrias Capital Partners portfolio investment, will join Tax Guard as executive chairman. Marc Oken, former CFO of Bank of America, and Joe Price, also a former Bank of America CFO and Head of Consumer and Small Business Banking, will be joining the board along with Geordie Pierson, a principal in Falfurrias Capital Partners.