Finitive gets $6m funding for alternative lending investments
Finitive, a platform that provides institutional investors with direct access to alternative lending investments, has raised $6 million in a seed financing round.
The round was led by Atomic Labs with participation from Ninepoint Partners, a Canadian private credit fund manager, as well as other investors and members of the management team.
“Finitive’s technology platform improves the investor and originator experiences by accelerating closing speeds and lowering transactions costs,” says Jack Abraham, founder and managing partner at Atomic Labs.
He adds: “Finitive’s rapid growth, coupled with our first-hand experience raising capital through the platform for one of our portfolio companies, proved to us the value of Finitive’s tech-enabled services and extensive investor network on the platform.”
Through Finitive, institutional investors access a market that encompasses a broad spectrum of non-bank lending sectors, including specialty finance, online lending, marketplace lending and private credit funds.
Finitive will use the funds to further develop its platform to pursue strategic machine learning, artificial intelligence, workflow automation and data analytics initiatives.