Better Finance

lending | sme financing

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56 VISITORS | 102 VIEWS

FOUNDING YEAR: 2009

LOCATION:

United States

REGION:

CA

Last Update:
18 Oct, 2019

Description

Better Finance, Inc. is a financial technology company providing innovative solutions for small business lending. The company was founded in 2009 by a team of experienced financial services entrepreneurs with backing from leading venture capital firms including Investor Growth Capital, Venrock, First Round Capital, Baseline Ventures, and SoftTech VC.

FOCUS

PRODUCTS & SERVICES:

SmartPay for Consumers,SmartBiz for Small Business,

REVENUE MODEL:

Viewable by subscribers only

MAIN CLIENTS:

Amazing Balloons by Gee

EXISTING PARTNERSHIPS:

Yahoo,Shakey's

COMMENT

Better finance charge customers lower monthly payments and rents.

PEOPLE

FOUNDERS:

Ryan Gilbert, Sean O'Malley

Board Members and Advisors:

Brian Ascher, Stephen DeBerry, Mark Goines

NUMBER OF EMPLOYEES:

51-200

INVESTORS:

Baseline Ventures, Bronze Investments, First Round, Investor Growth Capital, Mark Goines, PayPal, SV Angel, SoftTech VC, Venrock

TRACTION

VALUATION / MARKET CAP:

$262.5 MM in 2015

MOMENTUM

FUNDED:

YES

TOTAL FUNDING:

$37 Millions

FUNDING SERIES:

SERIES A

$4.5 Millions Closed: Jul 2010

SERIES B

$11.5 Millions Closed: Apr 2011

SERIES C

$21 Millions Closed: Jan 2013

LISTED:

LATEST RESEARCH

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