Micronotes – a financial technology company that leverages big data, artificial intelligence, and consumer engagement technologies to boost deposits, loans, and retention for financial institutions – recently announced that it has closed a $2 million extension to its Series C funding round led by Experian Ventures.
This additional funding round was from BankTech Ventures, LP (BTV), a VC firm specializing in investing in strategic technology companies serving the community banking industry.
BTV’s $2 million investment is considered an extension to the $5.5 million investment led by Experian Ventures with participation from existing Micronotes investors, including TTV Capital, who led the Series B round of investment.
KEY QUOTES:
“Micronotes’ strong penetration in the community banking space and disruptive potential in the digital banking sector align perfectly with our investment strategy. This investment reflects our conviction that Micronotes is positioned to become a game-changer in financial services.”
— Carey Ransom, Managing Partner at BankTech Ventures
“We’re thrilled to partner with BankTech Ventures. This strategic investment will help us accelerate our growth in the community banking sector and help more communities get a lot more out of their banking relationships.”
— Devon Kinkead, Founder and CEO of Micronotes
“At Experian, we are committed to using data for good to help consumers improve their financial health. Our work with Micronotes.ai and now BankTech Ventures and their limited partners, supports this commitment by bringing the transformative power of credit marketing to community financial institutions.”
— Christa Degnan, Micronotes board member and head of strategy for Experian Consumer Information Services
