Rising fintech company LoanStar Technologies has secured $28 million in growth equity from a group of strategic investors, including Sageview Capital, Launch Credit Union, TruMark Financial Credit Union, Ben Franklin Technology Partners, and Monarch Strategic Advisors. The funding will be used to expand its sales and marketing organization, invest in its technology platform, strengthen its strategic partnerships, and prepare for future growth opportunities. LoanStar Technologies focuses on embedded lending services and provides a suite of proprietary software and APIs that enable embedded lending by connecting lenders and merchants. The company has experienced significant momentum, reaching $1 billion in total funded loan volume in 2023 and adding over 1,000 active merchants and 13 new lenders. LoanStar aims to empower lenders and merchants of all sizes to grow their businesses through embedded lending and point-of-sale financing. The company’s unique product design and go-to-market approach have attracted the attention of investors, with Scott Stuart, Founding Partner at Sageview Capital, praising LoanStar’s success and potential.
Fintech Powerhouse LoanStar Rockets to $28m in Growth Equity
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