Artis Technologies, an Atlanta, GA-based fintech startup, closed a $7m Series A funding.
The round was led by Saluda Grade Ventures with participation from CMFG Ventures, Fintech Venture Fund, the Independent Community Bankers of America (ICBA), and previous investors.
The company intends to use the funds to grow operations, diversify funding sources, and improve client support.
Co-founded by Barclay Keith, Lena McDearmid, and Brian Lanehart, Artis Technologies powers real-time lending and payment solutions for businesses at the point of need. Its API-based platform leverages alternative data sources and ML/AI-informed decisioning to present real-time loan offers fit to each individual borrower, all done within the banking industry’s current regulatory infrastructure.
Since its public launch in 2020, the company has gone to market with its first two products, Artis Connect and Artis Credit, which enable financial institutions to put excess capital to work by generating consumer loan assets with attractive risk-adjusted returns at point-of-need via merchants and merchant networks.