CUneXus grabs $5m for lending automation

CUneXus, a consumer lending automation solution, has raised $5m in a Series A round. The investors are undisclosed.

The Santa Rosa-based company’s lending automation platform allows lenders to offer pre-approved loans to consumers in online retail environments.

The company partners with banks and credit unions, as well as retail platforms such as car seller Edmunds.com. CUneXus claims its platform enabled $200m worth of loans in the first 12-month since its launch.

The funding takes the total raised by CUneXus to $6.65m.

The startups says the funding will be used for growth, hiring new staff and the development of new products.

Copyright © 2016 FINTECH GLOBAL

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