Ned, a NYC-based cash flow lending platform provider, closed a $4.2m equity seed financing.
The round was led by Impression Ventures, with participation from Capital Eleven.
The company intends to use the funds to expand operations and its business reach.
Led by Dave Silverstein, Founder and CEO, and Mayur Motgi, Co-Founder and Chief Product Officer, Ned provides a platform that illuminates business performance throughout the lending lifecycle, offering transparency and automation for lenders to access to visibility into cash flow and confidently extend financing to businesses.
From top-of-funnel prospects through servicing, the white label rail integrates cash flow transparency so lenders can offer tailor-made capital products, underwrite, and size loans with customizable cash flow scoring, and then manage against default during repayment
Already used by lenders nationwide, Ned is available as an end-to-end platform that can support a diverse suite of fixed and revenue-based repayment capital products.
FinSMEs
23/10/2024