StellarFi, an Austin, TX-based financial technology company on a mission to make good credit universally accessible, raised $15M in Series A funding.
The round, which brought the total funding to $22M to date, was led by Acrew Capital with participation from Trust Ventures, ATX Venture Partners, Dream Ventures, Interplay, Accomplice Ventures, Vera Equity, FJ Labs, Fiat Ventures, Gaingels, Kelmhurst, Oyster Funds, Hilltop Ventures, Permit Ventures, Kindergarten Ventures, J2 Capital, Socially Financed and Kapital Ventures.
The company intends to use the funds to grow its team and secure partnerships with key financial institutions in order to further expand its marketplace credit offering.
Led by CEO Lamine Zarrad, CEO and Founder, StellarFi manages members’ bills and recurring payments such as rent, subscriptions and utilities, ensuring they get paid on time and reporting them to help members increase their credit score without using traditional methods such as high-interest cards or expensive loans. The company reports directly to the four main credit bureaus—Experian, Equifax, TransUnion, and Innovis, and does not require a credit check or deposits and charges no interest rates.
FinSMEs
28/03/2023