Online lending technology builder FinMkt pulls in $5m in Series B

FinMkt, A New York-based company which builds B2B financial technology solutions, has pulled in $5m in its Series B round.

The investment was led by FINTOP Capital, a B2B FinTech-focused venture capital firm, with participation also coming from existing backers ManchesterStory Group and West Loop Ventures.

Capital from the round will be used to develop its products and supply lending-as-a-service solutions for consumer and small business loans to its clients.

FinMkt offers customisable solutions for the online lending space, supporting retailers, associations, financial institutions, alternative finance companies, and more. The service facilitates the submission of online loan requests and the delivery of competitive loan offers from multiple lenders.

This funding has come ahead of the launch of FinMkt’s new real-time digital financing solutions with a network of lending partners.

FINTOP Capital managing partner Joe Maxwell said, “FinMkt’s unique enterprise technology solutions and its deep bench of highly successful fintech leaders solve a huge problem for organizations looking to provide full credit spectrum lending options to customers.

“By working with banks and other traditional lenders, we believe FinMkt will be the backbone of innovation in helping these financial institutions become increasingly digitally-enabled and leverage best-in-class technology.”

FinMkt previously closed a $5m equity round from in 2017 which was led by ManchesterStory Group.

FINTOP Capital previously led the undisclosed investment round of private markets solution provider Bison. The company, which raised the round last year, offers private fund managers and investors real-time portfolio analysis, data visualisation, and automated reporting.

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