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Affiniti Finance, a portfolio company of LightShed Ventures, has raised $62 million in equity and debt funding to scale its financial operating system for small businesses, which are often referred to as the 'forgotten 90% of the US GDP'. The funding round is backed by Indicator Ventures and DayOne Ventures. Affiniti Finance, led by Aaron Bai and Sahil Phadnis, aims to transform small business financial services across the United States, focusing on sectors such as medical practices, community pharmacies, and auto dealerships.
Thrilled to share @IndicatorVC’s port co @affinitifinance raised $62M in equity + debt to scale their financial OS for the “forgotten 90% of US GDP”—medical practices, pharmacies, auto dealerships & more. Proud to back @aaronbaii @sahilkphadnis & the team! https://t.co/vJAIS8JMpj
America’s backbone is our small businesses—medical practices, community pharmacies, auto dealerships, repair shops & more Proud to back @affinitifinance (@aaronbaii & @sahilkphadnis). Today they launch w/ $62M to build the financial stack for the “forgotten 90% of the US GDP" 👇 https://t.co/Us3GSSfeZd
Excited to see the incredible momemtum @affinitifinance transforming small business financial services across the US. Affiniti is @LightShedVC portfolio company https://t.co/jEqLz9vfyo