AI-powered investment platform Corl Financial Investments has received a $20m growth investment from NAOS Finance.
With this equity, the FinTech company will finance high-growth companies through revenue-based financing on its capital-as-a-service platform.
Corl offers a lending platform that leverages thousands of data points and AI to assess the probability of success for a business. When approved, capital is made available to the businesses within 24 hours, removing the need of long due diligence and fundraising processes.
NAOS Finance founder Kevin Tseng said, “We’re thrilled to partner with Corl to provide alternative financing solutions for startups globally. NAOS and Corl have a shared vision that businesses should not have to undergo the lengthy funding process required by the existing financial establishments.
“We believe decentralized finance (DeFi) will quickly become the preferred intermediary between businesses and capital; we’re excited to have Corl joining the NAOS ecosystem to scale real-world assets on-chain.”
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