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- Setpoint Secures $31M in Series B Funding to Revolutionize Credit Infrastructure
Setpoint Secures $31M in Series B Funding to Revolutionize Credit Infrastructure
Slice of Finance Team
19 Aug
Key Highlights:
Setpoint raises $31M in Series B funding led by 645 Ventures.
Strategic investments from Citi, Wells Fargo, and other major financial institutions.
Setpoint’s software drives efficiency in the credit ecosystem, automating debt facility management.
Total capital raised now $76M, reinforcing Setpoint’s market leadership.
Funds to enhance R&D, expanding engineering and data science teams.
Source (Business Wire)
Notable Quotes:
“Setpoint’s software is poised to change that, driving efficiency and accuracy for major credit ecosystem stakeholders like Citi.”
"Their deep domain expertise allows them to continue developing relevant technology, which is enhancing the efficiency and automating the workflow of credit operations."
"Setpoint has become a cornerstone in the asset-backed ecosystem, earning the trust of the biggest financial institutions."
Our Take:
Setpoint's recent $31 million Series B funding round marks a pivotal moment in the evolution of credit infrastructure. By attracting strategic investments from top-tier financial institutions like Citi and Wells Fargo, Setpoint is not only solidifying its position as a leader in the fintech space but also addressing the critical inefficiencies that have long plagued the credit market. The company's innovative software solutions, Asset OS and Capital OS, are setting new industry standards, making credit transactions faster, more accurate, and less prone to error. This funding will undoubtedly accelerate Setpoint’s mission to modernize the financial systems that underpin the global economy, positioning them as a key player in the future of credit operations.