Dallas-Based CollateralEdge Comes Out of Hiding with $ 3.5 Million and Stellar Group of Investors »Dallas Breaks New Ground
Summary
Based in Dallas CollateralEdge has emerged from stealth today with a fintech platform that could boost local economies across the United States by helping commercial banks increase the lending capacity of small and medium businesses nationwide. “We tend to invest in technology companies that transform the industry and are led by amazing entrepreneurs, and CollateralEdge has both of these attributes,” said Ross Perot, Jr. Kneeland Youngblood, who has been called “the most interesting man in private equity,” says the founders are “uniquely qualified for the challenge” thanks to their vast experience as advisers, operators and investors. Capital Factory founder Josh Baer says he’s thrilled to see Beard and Radtke “create the next fintech unicorn, right here in Texas.” The CEO and investor said CollateralEdge “embodies all the elements of an explosive growth opportunity: experienced founders, strong and in-depth investor support, a compelling customer value proposition and a truly huge addressable market.” From West Point to Credit Suisse, two Ivy Leaguers join forces Beard, who is CEO of CollateralEdge, and Radtke, who is president and chief operating officer, met eight years ago in a classic cafe convergence. With backgrounds ranging from investment banking to private equity to venture capital, they have long sat at the negotiating table, exposing themselves directly to the structural issues they tackle with CollateralEdge. Jim Watkins, who previously served as senior deputy director of supervisory reviews at the Federal Deposit Insurance Corporation (FDIC), is an early advisor and supporter of CollateralEdge.