Finicity, a startup that offers a platform for financial data sharing, announced a major investment round led by credit reporting giant Experian.
Finicity raised $42 million in Series B funding, which the firm will use to add new members to its engineering and support teams. Finicity also noted that it plans to accelerate development of new solutions built on its real-time financial data platform, used for aggregation and analytics.
Specifically, the company said, it will be targeting the credit decisioning market with its new solutions to help loan origination and risk mitigation.
Finicity operates Finicity Data Services, which aggregates information like account data and history, verification, statement information and other forms of financial data that can be used by financial institutions and FinTech players to develop their own solutions.
Pymnts (7 Dec)
