Nova Credit, a leading credit infrastructure and analytics FinTech, has raised $35m in a Series D funding round to expand its cash flow underwriting platform.
The round was led by Socium Ventures, a venture firm backed by Cox Enterprises, with additional participation from existing investors including Canapi Ventures, Kleiner Perkins, General Catalyst, Index Ventures, Y Combinator, NAVentures, National Bank of Canada’s corporate venture capital arm, Harmonic Growth Partners, Radiate Capital, and Gaingels.
The San Francisco-based company operates at the forefront of credit infrastructure innovation, providing solutions that enhance how lenders, property managers, and financial institutions assess financial health. Nova Credit’s platform enables the integration of real-time financial data into credit decisioning processes, delivering a more comprehensive picture of consumers’ financial behaviour beyond traditional credit bureau data.
The newly raised capital will be used to accelerate the buildout of the Nova Credit Platform, strengthening its infrastructure, analytics, and compliance capabilities to make real-time financial data as accessible and reliable as conventional credit data. This funding marks a pivotal moment for the company as it seeks to advance the adoption of cash flow underwriting across multiple financial services sectors.
The company’s flagship product, Cash Atlas™, has recently been adopted by major players such as Chase, PayPal, and Yardi. These firms are deploying the solution across lending and tenant screening operations, showcasing the growing demand for richer, data-driven financial insights that extend beyond traditional credit scoring methods.
Nova Credit co-founder and CEO Misha Esipov said, “We’re in the middle of a transformation in how financial institutions and rental housing operators enable credit decisioning. Traditional credit bureau data fundamentally misses so much about a consumer’s financial health that it is proving insufficient for today’s dynamic market. Cash flow underwriting provides the clarity lenders and property managers need to grow responsibly while serving consumers who’ve been historically misunderstood by legacy systems. This Series D enables us to further accelerate our build out of the Nova Credit Platform—comprehensive infrastructure, analytics, and FCRA compliance that makes real-time financial data as accessible and reliable as traditional credit data.”
Since its Series C funding round in 2023, Nova Credit has made considerable progress, forming deeper partnerships with major financial institutions including MoneyLion, Imprint, and SoFi. The company has also expanded its presence in property management through integrations with platforms such as Yardi, AppFolio, MRI Software, and Entrata.
Socium Ventures managing partner Andrew Davis said, “At Socium Ventures, we invest in bold ideas, and Nova Credit has fundamentally reimagined how financial data can drive inclusive growth. Nova Credit’s unique position as a Consumer Reporting Agency with deep alternative data expertise has created an unparalleled platform for cash flow underwriting. They are perfectly positioned to lead this market transformation, and we’re thrilled to support the mission of creating a more fair and inclusive financial system that benefits consumers and businesses.”
Nova Credit has also strengthened its leadership team with the appointment of Gene Ludwig, former Comptroller of the Currency and managing partner of Canapi Ventures, and Nichole Mustard, co-founder and former Chief Revenue Officer of Credit Karma, to its board. These additions reflect the company’s commitment to navigating regulatory challenges and scaling sustainable financial solutions.
Copyright © 2025 FinTech Global
