As seen on Crowdfund Insider
We are proud to announce that we have successfully closed a $1.2 million seed-stage investment round.
The seed round will enable us to enhance our online platform, build out our underwriting team, offer additional products to our already growing borrower population, and streamline our technology for institutional and accredited individual investors.
“It’s easy to endorse a crowdfunding platform and an asset-based line of credit for growing small businesses that aren’t yet bankable,” said Giles Raymond, investor. “Dealstruck is uniquely positioned to meet the unmet needs of millions of profitable SMBs across their financing lifecycle, while offering investors compelling opportunities and increased control.”
In addition to its funding announcement, Dealstruck has appointed Rudy Navarro as the company’s Vice President of Operations. Previously Executive Vice President at Capital Partners, the largest factoring company in the nation, Navarro will lead Dealstruck’s efforts to streamline and automate the underwriting, documentation and compliance process.
“Building on the momentum from our newly expanded line of capital finance products for the unmet market, we’re thrilled to announce our seed round as well as Rudy’s appointment,” said Senturia. “Our support by experienced experts keen on pioneering the future of finance options for profitable small business is exciting and inspiring. We look forward to funding many new loans and receiving Rudy’s contribution to our own growth during this next quarter.”