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 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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