Curu, a Denver, CO-based automated lead recovery solution enabling lenders to fund more loans, closed a $3M seed funding round.
The round was led by Vestigo Ventures, with participation from Harlem Capital, Matchstick Ventures, Carolina Fintech Ventures, Techstars Ventures, Holt Accelerator, Chingona Ventures, and Upscale Fund.
The company intends to use the funds to scale its solution via integrations with banks, credit unions, and online lenders across North America.
Led by Abb Kapoor, COO, David Potter, CEO, Curu provides an automated lead recovery solution that enables lenders to fund more loans by building their applicant’s eligibility. Its white-labeled Approval Dashboard enables lenders to expand their total available market and reduce their customer acquisition costs by showing their applicants steps they can take in order to get approved. This round follows the pre-seed raise, which closed in September of 2019. In nine months, the company repositioned its direct-to-consumer application to an integrated SaaS product offering for banks, lenders, and credit unions. In March, Curu went live with its first enterprise partner, Bank Novo, and has just launched with its second partner, LendKey this month.