CollateralEdge Raises $3.5M in Seed Funding

CollateralEdge
Pictured: CollateralEdge president, COO, and co-founder, Joel Radtke (left) and CollateralEdge CEO and co-founder, Joe Beard (right)

CollateralEdge, a Dallas, Texas-based fintech company providing banks with a risk-mitigation tool to increase lending capacity without compromising credit quality, emerged from stealth mode with a $3.5M seed funding.

Backers included Perot Jain, Kneeland Youngblood, founding partner of Pharos Capital Group, Sheldon Stein, president of Southern Glazer’s Wine & Spirits, Derek Alley, CEO of VCC Construction, and Capital Factory CEO, Josh Baer.

The company will use its funding to expand its team and product capabilities and accelerate its go-forward strategy and partnerships with community and regional banks. 

Led by Joe Beard, CEO and co-founder, and Joel Radtke, president, COO and co-founder, CollateralEdge is an innovative fintech company that has developed a technology platform that provides community and regional banks with an automated risk management solution to increase lending capacity without compromising credit quality.

In addition to the funding round, CollateralEdge announced its Advisory Board, comprised of investment, technology and banking industry leaders:

  • Darcy Anderson the vice chairman of Hillwood Management. 
  • R. David Kelly, managing director and co-founder of Serra Real Estate Capital. 
  • James Watkins, a senior managing director at Isaac | Milstein, a global financial sector advisory group. 
  • Josh Baer, the founder and CEO of Capital Factory, a coworking community and mentorship-based accelerator designed to help startups find their first investors, customers, and employees.

FinSMEs

20/10/2021