Splash Financial, a Cleveland, OH-based digital lending platform that allows borrowers to shop and compare financial products from a network of lenders, secured $44.3m in Series B funding.
The round, which brought total equity funding raised to date to more than $60M, includes partners of DST Global, Citi Ventures, Detroit Venture Partners, Firebolt Ventures, and existing investors CMFG Ventures and Northwestern Mutual Future Ventures.
The company intends to use the funds to further accelerate growth within its lender network and automated underwriting platform.
Led by Steven Muszynski, Founder and CEO, Splash Financial is a digital lending platform that allows borrowers to shop and compare financial products from a network of lenders. Its hybrid marketplace model and automated underwriting platform also allows credit unions and banks to gain access to new members and loans which are then originated via the company’s digital lending technology, minimizing any upfront investment.