Applied Data Finance, LLC (ADF), a technology-enabled lender and asset manager, closed an additional $17.8m of equity financing as a follow-on to its July 2018 raise of $140m of debt and equity capital.
This new capital will accelerate ADF’s continued growth and allow the company to reach more individuals in need of loans.
Founded in 2014 by Krishna Gopinathan, Chief Executive Officer, ADF provides unsecured, personal loans to thousands of underestimated under-banked consumers through its Personify Financial brand, which combines technology and application of advanced data science and machine learning.
The company has 180 employees in offices in New York, San Diego and Chennai, India. It has originated over $150 million in loans, including over $40 million in Q4 of 2018.