Community Capital Technology Inc., a New York-based enterprise loan transactions marketplace and business intelligence platform, raised $2.6m in seed funding.
The round was led by Naples Technology Ventures, with participation from 412 Venture Fund and Allegheny Financial Group, as well as fintech entrepreneurs and angel investors.
The company intends to use the funds to extend the capabilities of its platform, advance product innovation, expand operations, and further build its sales and transactions teams.
Led by Founder and CEO Garrett Smith, Community Capital Technology provides a digital platform for optimizing the management of loan portfolios. With billions of dollars in active, proprietary deal flow, the peer-to-peer loan transactions and analytics platform now supports the balance sheet and liquidity management needs of a broad network of loan originators and investors, including regional banks, community banks, credit unions, and direct lenders, along with service and technology providers that support these institutions.