Ned, a company that provides customers with a cash flow lending platform, announced the closing of its $4.2 million equity seed financing led by Impression Ventures, with participation from Capital Eleven.
The funding marks a major inflection point in the financial services sector as lenders seek to scale loan books and qualify millions of businesses primarily based on revenue.
Ned’s platform highlights business performance throughout the lending lifecycle, offering transparency and automation where lenders typically struggle with limited visibility into cash flow. For businesses with strong fundamentals but lacking traditional credit or collateral or facing difficulties in proving creditworthiness, Ned provides a solution that enables lenders to extend financing confidently.
From top-of-funnel prospects through servicing, Ned’s white label rail integrates cash flow transparency so lenders can offer tailor-made capital products, underwrite and size loans with customizable cash flow scoring, and then manage against default during repayment.
Ned is available as an end-to-end platform that can support a diverse suite of fixed and revenue-based repayment capital products.
The funding highlights a growing need for innovative infrastructure in the lending industry. And Ned is committed to leading the charge in this vital area, ensuring that both lenders and borrowers benefit from transparent and efficient lending processes. Ned is backed by top investors, including Forum Ventures, Everywhere Ventures, Hustle Fund, and Brooklyn Bridge Ventures.
KEY QUOTES:
“It’s a critical moment for our economy, and lenders need advanced technology to grow and serve more businesses. Ned is here to help lenders light it up. We’re committed to helping lenders gain clear insights into their borrowers’ financial health, so they can deliver stronger, more tailored capital solutions.”
- Dave Silverstein, Ned Founder and CEO
“The funding will fast-track Ned’s tech development. We’re excited to double down on the platform’s flexible cash flow underwriting IP and servicing systems so lenders can power unique capital products with ease.”
- Mayur Motgi, Ned Co-Founder and Chief Product Officer
“We’re thrilled to support Ned as it empowers lenders to make smarter, more informed decisions and scale their loan books effectively. Throughout our fintech portfolio, we’ve seen massive demand from businesses looking to access lending products but because of lack of sophistication they simply don’t have access. Ned gives lenders the tools to provide credit to this massively underserved market.”
- Christian Lassonde, Managing Partner at Impression Ventures
