23.01.19

CrediFi has raised an additional $6M in funding following a successful Series B round of $13M

CrediFi, the leading source for data and analytics for commercial real estate finance, announced today it has raised an additional $6 million in funding. This comes on the heels of the $13 million previously raised in Series B funding. The investment will be used to expand the firm’s go-to-market efforts, as well as the recruitment of executive and team talent in New York and Israel.

The round was led by Liberty Technology Venture Capital II, joined by investors Mitsui Fudosan, one of Japan's leading real estate investors, and Maverick Ventures Israel. Existing investors in the company, including Battery Ventures, Viola Ventures and crowdfunding site OurCrowd, also invested in the current financing round. The Company has raised $29 million overall, including the current round.

"CRE investors are very excited about CrediFi, as we are the most advanced FinTech platform for the industry," said CrediFi CEO Ely Razin. "We work with a range of leading financial institutions, who use our data and technology to make more strategic, data-driven investment decisions."

As a direct result of CrediFi’s growing success in both the US and Israeli markets, the firm is pleased to announce two key executive hires; Jeff Hendren as President, based in New York, and Amichai Levy as Vice President, Research & Development, based in Tel Aviv. Prior to CrediFi, Hendren was Chief Commercial Officer of Quovo, a data science platform that intelligently aggregates and analyzes financial account data recently acquired by Plaid. Levy previously served as a vice president of research and development at Payoneer, a leading global FinTech company based in New York and Israel.

CrediFi’s advanced platform enables investors to operate more intelligently, transparently and strategically. The data and information collected by CrediFi brings visibility to an industry where data is lacking, transactions are often conducted behind closed doors and are based on personal relationships. Investors are often not fully familiar with the deal environment, including items as important as the lenders competing in the market, the terms they offer within the framework of their loans, and even the owners of commercial properties in the area with whom they have no personal ties.

Among CrediFi’s customers are prominent American financial institutions and banks, property companies, hedge fund managers and US government agencies.

Further reading via The Marker (Hebrew)

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