FinTech Finitive Gets $2 Million Debt Investment

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Following its announcement of a closure of its $2 million venture debt round, Finitive is ready to forward building its fintech platform for institutional investors.

Silicon Valley Bank, a top technology and innovation oriented bank, provided the funding. Finitive says it will use the proceeds to further invest in its technology platform.

This platform, which brings efficiency to investing and raising capital in the alternative lending sector, lets institutional investors access a multi-trillion dollar market encompassing a wide spectrum of non-bank lending sectors, like specialty finance, online lending, marketplace lending, and private credit funding. Lending institutions on Finitive platform include UBS O’Connor, CarVal, Ninepoint Partners, Fortress and SVB.

Jon Barlow, CEO and Founder at Finitive said, “We are excited to partner with Silicon Valley Bank. This strategic capital source contributes to our growth trajectory as we continue to simplify a complex industry,” said Finitive Founder and CEO Jon Barlow, in a statement.

“Silicon Valley Bank is committed to supporting innovative businesses that are disrupting the status quo,” added Annie DeStefano, Vice President at Silicon Valley Bank. “We look forward to continuing our relationship with Finitive as the platform scales and becomes an essential network for facilitating alternative lending transactions.”

In addition to its funding, Finitive announced it has appointed Brian Madocks to its board of advisors. Madocks is CEO and board member of eOriginal, a digital loan management platform.