Debt capital raise and management solution Finley has bagged $3m in seed funding, alongside launch of credit facility management tools.
Bain Capital Ventures partners Matt Harris and Kevin Zhang served as the lead investors, with support also coming from Haystack, Nine Four Ventures, TwentyTwo VC, and Y Combinator.
The equity boost will help Finley bolster its product development.
The FinTech claims debt capital is gaining interest across all industries, with private credit expected to see rapid growth.
In addition to the funding round, the FinTech company also publicly launched its credit facility management software. The new tool enables customers to manafe credit facility compliance and reporting tasks without brining additional capital markets or data engineering personnel.
Finley claims to be the complete solution for companies with mission-critical debt capital needs. Its software helps automate die diligence, ensure compliance and streamline ongoing reporting with their capital providers.
Traditionally, companies needed to manage debt capital raise with teams of analysts and lawyers to track and monitor credit agreement compliance. Teams would also leverage legacy tools that made processes time consuming and prone to error.
Bain Capital Ventures partner Matt Harris said, “In capital markets, credit is clearly having a moment.
“Low costs and creative products are driving enthusiastic borrower adoption, whether by startup teams financing lending, real estate, equipment and other assets, or corporate treasury executives adopting an alternative to bank finance. This is an exciting moment for us to partner with the Finley team, who have the right experience, vision, and timing for a modern transaction, reporting, and management software for the future of debt capital markets.”
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