Prism Data, a NYC-based cash flow underwriting and data analytics platform provider, raised $5m in seed funding.
The round was led by Obvious Ventures, with participation from Citi Impact Fund and Core Innovation Capital.
The company intends to use the funds to further expand its team and enhance its product suite—including the market-leading CashScore®—in response to growing demand from financial institutions, fintechs and other businesses for cash flow underwriting solutions.
Led by CEO and Founder Jason Rosen, Prism Data provides essential open banking infrastructure powering the next generation of credit scoring. Its suite of products, including its proprietary CashScore, enable financial institutions, fintechs and other companies to use advanced open banking analytics and cash flow underwriting to derive new insights from consumer-permissioned deposit account transaction data.
Prism clients can use those insights to accurately predict credit default risk, score missing- and thin-file customers, identify first-party fraud, and better manage credit risk in their existing portfolios.
FinSMEs
23/10/2023