LoanSnap Secures Investment from Grammy Award–Winning Chainsmokers
Summary
Growing startup empowers consumers to own their financial future and is first fintech investment by the global pop duo sensation’s new fund MANTIS SAN FRANCISCO, May 14, 2020 (GLOBE NEWSWIRE) -- LoanSnap, the company that helps consumers own their financial future and creator of the worlds first smart loan technology, announced today it has raised an additional $10 million co-led by True Ventures, the Silicon Valley heavyweight behind Peloton, Blue Bottle and Fitbit among others, and MANTIS – the tech investment firm created by the Grammy Award–winning band, The Chainsmokers. Existing investors including Baseline, Thomvest (Peter Thomson), Virgin (Richard Branson), Liquid 2 Ventures (Joe Montana) and OVO also participated in the round. LoanSnap analyzes a consumers financial health to show people whats possible across all debts in simple plain english before they commit to a loan. Customers enter only a few pieces of information and LoanSnap sorts through thousands of loan options and debt reduction opportunities in seconds to identify the best choice and present it in an easy-to-understand way like “Save $1,200 a month”. The firm maintains a strong community that supports founders and their teams, helping True companies achieve higher levels of success and impact.