Community Capital’s digital loan marketplace swells with investment from BHB Fund

Community Capital's digital loan marketplace swells with investment from BHB Fund

Community Capital Technology, an enterprise loan marketplace and analytics platform has secured from the Bankers Helping Bankers Fund (BHB Fund), a venture capital fund that works “for community banks, by community banks.”

This company specialises in the provision of a comprehensive marketplace for loans, as well as an analytics platform, making it a central figure in the world of FinTech.

This investment round saw a significant contribution from the BHB Fund, managed by Latitude38 Venture Partners, in collaboration with the Independent Bankers Association of Texas (IBAT) and FedFis.

At the heart of Community Capital’s operations is the creation of a digital marketplace for loans, as well as providing robust analytics for its users. By offering a peer-to-peer platform for active, proprietary deal flow, Community Capital supports a vast range of institutions. These include regional banks, community banks, credit unions, RIAs, direct lenders, and others who support these entities.

The funding will be deployed to enhance Community Capital’s technological platform and develop operational teams. The ultimate goal is to foster new strategic partnerships and consolidate the company’s leadership in modernising the secondary loan market.

Moreover, Community Capital has been making strides in forming strategic partnerships. Two of them were established in 2023, expanding its reach to nearly 1,800 financial institutions across the nation. Today, it boasts of a proprietary deal flow exceeding $1.1bn and is well poised to meet the balance sheet optimisation requirements of its diversified network.

Community Capital’s CEO, Garrett Smith, said, “We are exceptionally pleased to have the BHB Fund investing. Given their partnerships with community banks, focus on financing technology solutions for these institutions, and collective FinTech experience, the confidence they have placed in us affirms our value proposition. This capital endorsement highlights that our platform is the preferred liquidity management solution for community financial institutions.”

This endorsement from the BHB Fund marks a significant point in Community Capital’s journey, as the company had already cemented two significant partnerships in 2023. With this recent funding, the company is set to further expand its reach and offerings.

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