Sunday, September 8, 2024
16.7 C
New York

Financial automation start-up Clerkie bags $33m Series A

San Francisco-based start-up Clerkie, an AI-led financial automation platform, has raised $33 million in Series A funding led by Left Lane Capital. The company will use the funds to hire engineers and scale its debt workout solutions to support more partners and help more borrowers.

Facts

  • Clerkie, an AI-led financial automation platform, raised $33 million in Series A funding.
  • The round was led by Left Lane Capital, with participation from Wellington Management Company, Flourish Ventures, Citi Ventures, CMFG Ventures, Vestigo Ventures, and Nubank founder David Velez.
  • The new round brings its total funding to $41 million to date.
  • Clerkie will use the funds to hire for its engineering team and scale its debt workout solutions to support more partners and help more borrowers.
  • Founded in 2017, Clerkie’s AI-led financial planning platform uses conversational AI to interact with users, provide them personalized debt guidance and work out options to avoid delinquency and build up their credit scores.
  • “Tens of millions” of Americans are struggling with debt and falling into delinquency, according to Guy Assad, CEO and co-founder of Clerkie.
  • The goal is to support struggling American families by giving them better tools to responsibly fulfill their debt obligations and ease their debt burden.

Hot this week

Banking as a Service: Meaning, Examples, Benefits and Future

The push for open banking has led to a...

What is Fintech?

Fintech: A term used to refer to innovations in...

Best fintech blogs and websites

Fintech (financial technology) has been an interesting part of...

How to buy shares online

Buying shares online in India has come a long...

Is it worth investing in life insurance over 60?

Is it worth investing in life insurance over 60? As...

Lloyds Bank taps Cleareye.ai to streamline trade finance documentation processing

Lloyds Bank has partnered with Cleareye.ai, a California-based...

Home equity fintech Unlock bags $30m Series B funding

Unlock Technologies, a US fintech founded in 2019,...

Visa prepares for 2025 launch of Visa A2A in UK

Visa A2A will launch in the UK in...

Alternative investment platform CAIS hires Kan Kotecha as CTO

Kan Kotecha has been appointed as CTO to...

Axway completes €330m acquisition of Sopra Banking Software

Deal Overview: Axway acquired SBS from Sopra Steria...

EU financial services analytics maturity report

Current State of Analytics: Evaluates the existing analytics...

Related Articles

Popular Categories

spot_imgspot_img