Dovly, a Scottsdale, Arizona -based consumer credit startup, raised $3M in bridge funding.
Backers included NFX, Fawkes Global, 1984 Ventures and Croghan Investments. This round brings Dovly’s total funding to $5.9m to date, after having raised $2.3m in seed capital last June, led by NFX.
The company intends to use the funds to accelerate growth and marketing efforts and to further develop its product offerings.
Led by CEO Nirit Rubenstein, Dovly provides an automated platform that allows consumers to tracks, manages and fixes their credit scores. The company’s proprietary credit repair engine works by providing automated credit assessment, error identification, credit remediation and credit maintenance for members.
Founded in 2018, Dovly has established partnerships with multiple leading fintechs, including Chime, MoneyLion, Varo and Even Financial.