TomoCredit, a company focused on building credit for first time borrowers, recently raised $10M in its Series A funding round co-led by Kapor Capital and KB Investment Inc. The announcement comes seven months after TomoCredit raised $7M in seed funding. The company is powered by Finicity (acquired by Mastercard in 2020), and looks to leverage open banking technology to ensure TomoCredit “can “securely” access applicants’ bank accounts to obtain financial data for underwriting purposes.”
Source: Kapor Capital, Square co- founder Sam Wen back TomoCredit in its $10M Series A funding round
