3 SaaS Startups in the Lending Industry

January 24, 2023

SaaS startups have become the darling of Venture Capital investors, especially in the Lending industry. Over the past decade, software has proverbially “eaten the world” and SaaS companies have scaled to become unicorn corporations in staggering amounts of time.

In this article, we are examining 3 VC funded SaaS startups in the Lending industry.

Carpay

A loan management system for BHPH dealers is called Carpay. They are able to better manage their portfolio since it gives their customers a variety of payment alternatives, automates all reminders to their customers, and provides the dealers with a set of tools to keep their loans operating. The business was established in 2016 and has its corporate office in Venice, California.

Company details:
Founders:
Brandon Cavalier, Nick Swezey
Founded:
2016
Based in:
Santa Monica, California, United States
Website:
Carpay
Industries:
Financial Services, FinTech, Lending, Mobile Payments, Payments, SaaS, Software
Latest funding:
$6,500,000
Series A
7 January 2021
Total funding:
$10,100,000
Investors
Autotech Ventures, FJ Labs, Amplify.LA, Queen City Fintech, Pipeline Capital

Jenfi

Jenfi is an alternative revenue-based finance firm for Southeast Asian entrepreneurs and enterprises that are digital natives, founded by Jeffrey Liu and Justin Louie. The asset class, known as "Growth Funding as a Service" (GCaaS), provides non-dilutive capital up to US$500,000 so that companies may scale through marketing, inventory, and growth initiatives. A company's creditworthiness and efficiency with expansion expenditures may both be assessed using Jenfi's own risk assessment engine. According to the evaluation, Jenfi offers firms a more adaptable and non-dilutive funding solution. Over 100 companies have received funding from Jenfi to date, including B2B and SaaS companies including Homebase, Pay With Split, and Tier One Entertainment. By July 2022, Jenfi plans to invest US$15 million in non-dilutive capital. Before founding Jenfi, Jeffrey and Justin founded and successfully sold the fitness subscription business GuavaPass. You may learn more at www.jenfi.com.

Company details:
Founders:
Jeffrey Liu, Justin Louie
Founded:
2019
Based in:
Singapore, Central Region, Singapore
Website:
Jenfi
Industries:
Analytics, Business Development, Financial Services, FinTech, Lending, SaaS
Latest funding:
$6,300,000
Series A
17 August 2021
Total funding:
$34,560,000
Investors
Y Combinator, Monk’s Hill Ventures, Golden Equator Ventures, Iterative, VentureSouq

Mambu

The loan and deposit services are powered by Mambu, a supplier of banking software as a service. The firm offers services to build, implement, maintain, and expand the banking and lending portfolios of financial institutions of all sizes. More than eight million end users are served by its approximately 7,000 loan and deposit products. More than three million active accounts, from fintech to conventional banks, are present in more than 46 countries.

Company details:
Founders:
Eugene Danilkis, Frederik Pfisterer, Sofia Nunes
Founded:
2011
Based in:
Berlin, Berlin, Germany
Website:
Mambu
Industries:
Banking, Financial Services, FinTech, Lending, SaaS
Latest funding:
$265,401,173
Series E
9 December 2021
Total funding:
$448,322,143
Investors
Runa Capital, Tiger Global Management, EQT AB, Bessemer Venture Partners, TCV

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