Splash Financial Raises $44 Million in the Latest Investment Round

Splash Financial, the US-based financial technology platform, recently announced that the company has secured $44.3 million in the latest Series B Funding Round Funding Round Startups look to raise capital can participate in a funding round. These refers to the various rounds of funding that occur upon proof of concept, customer base growth, and the probability of success. While they are various types of funding rounds, the most commonly seen in startups include the following funding rounds: Seed, Series A Fundraising, Series B Fundraising, and Series C Fundraising. In order for a funding round to take place, a valuation must be performed by analysts for the business Startups look to raise capital can participate in a funding round. These refers to the various rounds of funding that occur upon proof of concept, customer base growth, and the probability of success. While they are various types of funding rounds, the most commonly seen in startups include the following funding rounds: Seed, Series A Fundraising, Series B Fundraising, and Series C Fundraising. In order for a funding round to take place, a valuation must be performed by analysts for the business Read this Term. Citi Ventures, Detroit Venture Partners, Firebolt Ventures, and the company’s existing investors, including CMFG Ventures and Northwestern Mutual Future Ventures who also participated in the latest funding round.

According to an official announcement, the digital lending platform has now secured a total of approximately $60 million in funding since its founding. Splash Financial is planning to use the latest funds to accelerate its growth. The fintech company aims to expand its lender network to provide easy access to different financial products digitally.

Commenting on the recent investment round, Steven Muszynski, Founder and CEO of Splash Financial, said: “We're thrilled about what this funding will allow us to achieve and are excited to partner with amazing investors that share our values. The expectation of consumers today is to be able to compare, shop and save on their financial products all while in the comfort of their own homes. This funding round brings us another step closer to realizing our company vision, creating a faster and less expensive financial world."

Splash Financial facilitates borrowers to compare financial products from a network of lenders. The Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term platform mentioned that partners of DST Global joined the Series B investment round.

Fintech Investments

Financial technology investments have surged during the last few months amid a significant jump in the adoption of innovative financial products.

"The importance and sophistication of digital lenders are growing apace. Splash Financial is spearheading a digital transformation strategy that will meet the new demands of consumers. We see significant growth potential in the continued evolution of the lending experience, and we are thrilled to support Splash's next phase of growth," Charley Howe, Director of Venture Investing at Citi Ventures, added in the official press release.

Earlier this week, fintech firm 10x Future Technologies raised approximately $187 million in funding.