Setpoint Secures $31M Series B From Wells Fargo, Citi, 645 Ventures, Andreessen Horowitz and Others to Revolutionize Credit Infrastructure
Summary
This funding round brings Setpoints total capital raised to $76 million, demonstrating its role as the preferred technology partner for the worlds largest financial institutions and users of capital.Setpoints industry-defining approach to automating debt facility management is rapidly becoming the new standard for the asset-backed industry. However, managing these transactions often relies on outdated methods like email, Excel, and FTP folders, leading to errors and inefficiencies that impede growth and drive up the costs of lending and borrowing.Setpoint is on a mission to change this. Their deep domain expertise allows them to continue developing relevant technology, which is enhancing the efficiency and automating the workflow of credit operations.645 Ventures, leading this round, played a critical role in bringing together a diverse group of investors. Setpoint has also grown its Single Family Rental (SFR) and Residential Transition Loan (RTL) customer bases, providing solutions such as diligence, AssetOS, and CapitalOS to optimize the portfolios of leading real estate lenders. This funding round, supported by leading financial institutions and investors, propels us forward in our mission to build the technology infrastructure for capital markets.To get in touch with the Setpoint team, reach out to us here.