Data Science Investment Counter —Funding raised by UK data science companies in 2018.
£ 5.640 Million

Fintech startup Finitive raises $6m series seed round led by Atomic Labs

Fintech platform Finitive announced today a $6 million investment in a series seed financing led by Atomic Labs with participation from Ninepoint Partners and others.

The New York-based firm said they will use the funds to keep developing its platform to expand on strategic machine learning, artificial intelligence, workflow automation, and data analytics initiatives.

“We are excited to partner with Atomic, one of Silicon Valley’s premier incubators, in furthering our mission to make raising and investing capital into investing in alternative lending fast and easy,” said Jon Barlow, Finitive’s CEO and founder.

The company’s platform provides institutional investors with direct access to alternative lending investments. In other words, through Finitive, institutional investors can access a market of non-bank lending sectors such as speciality finance, online lending, marketplace lending, and private credit funds.  

Founded in August 2017, Finitive has already facilitated over $1.5 billion in capital commitments from world-class investors. North Capital Private Securities, a registered broker-dealer and member FINRA/SIPC, regulate all of the company’s conducted activities.

“Finitive’s technology platform improves the investor and originator experiences by accelerating closing speeds and lowering transactions costs,” said Jack Abraham, Founder and Managing Partner at Atomic Labs.

“[The company]’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.”

Image via Pixabay and PXhere.

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