Splash Financial Secures $44.3 Million in Series B Round
Splash Financial (Splash), a leading digital lending platform, announced it has secured $44.3 million in the latest Series B funding round, which includes partners of DST Global, Citi Ventures, Detroit Venture Partners, Firebolt Ventures, and existing investors CMFG Ventures and Northwestern Mutual Future Ventures.
According to an official announcement, the investment will be used to further accelerate growth within Splash's expanding lender network and automated underwriting platform, which facilitates fast and easy access to financial products through a digital experience.
"We're thrilled about what this funding will allow us to achieve and are excited to partner with amazing investors that share our values," said Steven Muszynski, Founder and CEO of Splash Financial. "The expectation of consumers today is to be able to compare, shop and save on their financial products all while in the comfort of their own homes. This funding round brings us another step closer to realizing our company vision -- creating a faster and less expensive financial world."
Fazzaco recently reported that Fintech firm Klarna has confirmed a new equity funding of USD 639 million. The round was led by SoftBank's Vision Fund 21, with additional participation from existing investors Adit Ventures, Honeycomb Asset Management and WestCap Group, to support international expansion and further capture global retail growth.
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