LoanSnap Raises $30M in Series B Financing
Summary
The company intends to use the funds to further expand into new loan types and across the United States. Led by Karl Jacob, CEO and co-founder, LoanSnap has developed smart loan technology that uses artificial intelligence to 1) analyze a person’s finances, 2) show them where they are losing money and 3) sort through thousands of options to make a loan recommendation in seconds. The company also uses AI and proprietary technology to automate much of the loan process instead of other lenders who do it manually. With more than 14 years of experience in financial services, Man brings a wide range of expertise across corporate strategy, financial planning, and capital markets. Previously, she led financial planning and analysis and served as a director of capital markets, personal finance at SoFi.
Funding
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