Nova Credit, a NYC-based data analytics company enabling businesses to grow responsibly by leveraging alternative credit data, raised $45M in Series C funding.
The round was led by Nova Credit with participation from existing backers General Catalyst, Index Ventures, Kleiner Perkins, Y Combinator, and Avid Ventures, as well as new investors Geodesic Capital, Harmonic Capital, Radiate Capital, and Socium Ventures (Cox Enterprises).
Led by CEO Misha Esipov, Nova Credit is a data analytics company that leverages credit data sources, bank-grade infrastructure and compliance framework, and proprietary credit expertise to help lenders fill the gaps that exist in traditional credit analytics. Its cross-border credit solution, Credit Passport®, and cash flow underwriting and verification solution, Cash AtlasTM, are used by organizations like American Express, Verizon, HSBC, SoFi, Scotiabank, and Yardi.
The company intends to use the funds to further broaden its product offering beyond cross-border credit reporting and scale Cash Atlas.
FinSMEs
17/10/2023