Credibur emerged from stealth Wednesday (July 23) and announced it secured $2.2 million in pre-seed funding to launch its platform for debt facility management.
Credibur emerged from stealth Wednesday (July 23) and announced it secured $2.2 million in pre-seed funding to launch its platform for debt facility management.
The company is already launching with its first pilot customers, it said in a Wednesday press release.
Credibur’s platform targets alternative lenders and institutional investors, according to the release.
It facilitates the structured credit portfolio business between nonbank lenders and institutional capital providers by automating workflows and delivering critical data in real time, the release said.
The platform orchestrates the full life cycle of institutional funding, including structuring, reporting, contract management, capital calls and the administration of special…