Viva Finance, an Atlanta-based fintech company, raised $6.2M in Series A funding.
The backers were not disclosed.
The company intends to use the funds to invest in its team, technology, and marketing to expand its presence across the country.
Led by Co-Founder and CEO Jack Markwalter and COO Hodges Markwalter, Viva Finance provides a platform that offers loans underwritten primarily based on employment information, rather than credit history.
The company, which has primarily operated in the Southeast, services loans automatically through payroll, which makes repayment effortless while providing a built-in budgeting mechanism. Viva also offers financial education resources with the goal of impacting lasting change on borrowers’ financial health.
Launched in early 2019, the company has originated tens of millions of dollars in loans.
FinSMEs
31/08/2021