Finitive ropes in $6m in recent Seed Funding Round

BFSI News

Finitive-ropes-in-6m-in-recent-Seed-Funding-Round1 Finitive ropes in $6m in recent Seed Funding RoundFinitive, a New York City, NY-based financial services platform providing institutional investors with zero-fee direct access to alternative lending investments, as per recent reports this week, has announced closing a seed funding round, raising $6 million in investment financing. The recent funding round was led by Atomic Labs, a San Francisco, California-based venture capital & private equity firm, and was participated by Ninepoint Partners, a Canadian private credit fund manager, along with other investors and Finitive’s management team.

“Finitive’s technology platform improves the investor and originator experiences by accelerating closing speeds and lowering transactions costs,” states Jack Abraham, founder and managing partner at Atomic Labs. “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.”

Finitive is a way-through for institutional investors, allowing them direct access to a market that much in altogether encompasses the non-banking lenders in a broader spectrum, which also includes specialty finance, online lending, marketplace lending, and private credit funds.

Reports are that the NY-based Finitive plans on utilizing these recent funds to further advance its platform development portfolio in the pursuit of the firm’s strategic machine learning, artificial intelligence, workflow automation, and data analytics initiatives.