Fundera, a NY-based online credit marketplace that primarily works as a match-maker for small business lending, closed an $11.5m Series B funding.
The round was led by Susquehanna Growth Equity. In addition to the funding, Fundera has added SGE’s Scott Feldman and QED’s Frank Rotman to the board.
Led by Founder Jared Hecht, Fundera has also launched Equipment Vine, an online marketplace for business owners to shop for loans, which allows lenders to submit a hard inquiry for credit report when small business owners submit an application to a lender. If they are shopping multiple lenders, business owners will subject themselves to multiple hard credit inquires that ultimately lower their credit score. Equipment Vine protects small business owners by using a single credit inquiry for their marketplace of multiple lenders.
The company has raised $15m in total.
FinSMEs
01/10/2015