Chainsmokers invest in FinTech Loansnap

May 15, 2020 | Consumer Lending

Written by FinTech Alliance

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AI
Chainsmokers invest in FinTech Loansnap

AI FinTech Loansnap has raised $9mn in its latest funding round.

In Brief:

  • The company uses AI to match borrowers with loans and mortgages.

  • It says it can finalise contracts in around 15 days.

  • This round was co-led by True Ventures and Mantis, The Chainsmokers’ tech investment firm.

What does this mean?

LoanSnap has now raised a total of $26mn, with other high profile investors including Richard Branson’s Virgin Group and ex-NFL quarterback Joe Montana’s Liquid 2 Ventures. It is currently available in five US states but will use the capital to expand this year.

Read more here.

 

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