HomeUSASetpoint Raises $31M in Series B Funding

Setpoint Raises $31M in Series B Funding

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Setpoint

Setpoint, a NYC-based infrastructure provider for the credit industry, raised $31M in Series B funding.

The round was led by 645 Ventures with participation from Citi and Wells Fargo, alongside Andreessen Horowitz, NextView Ventures, Floating Point, Henry Kravis, Zillow founder’s 75 & Sunny, Vesta Ventures, Fifth Wall, Eltura Ventures, and Outrunner Capital.

The company intends to use the funds expand its research and development sector, with a focus on expanding its engineering and data science teams.

Led by CEO Stuart Wall, Setpoint Setpoint provides a fintech platform that automates debt facility management for auto, consumer, SMB, real estate and other asset-backed borrowers. Its Asset OS software digitizes, organizes, and verifies data, creating a real-time asset source of truth. The complementary Capital OS software automates funding flows and compliance. .

Since its last funding round led by Andreessen Horowitz, the company has achieved remarkable milestones, including a 6x year-over-year revenue growth, and has added customers such as GreenSky, Carvana, Fundbox, Nomura, Capchase, Kyte, Archwest, and Pathway among others.

FinSMEs

13/08/2024

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