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SetPoint, a prominent player in the credit infrastructure industry, has successfully raised $31 million in its Series B funding round. The funding was led by major investors, including Wells Fargo, Citi, 645 Ventures, and Andreessen Horowitz. The company aims to revolutionize the outdated infrastructure of the credit system, which is crucial for capital markets. SetPoint's CEO, Stuart Wall, expressed that this funding will propel their mission to build advanced technology infrastructure. The company is noted for its efficient growth and targeting a large underserved market.
"This funding round, supported by leading financial institutions and investors, propels us forward in our mission to build the technology infrastructure for capital markets." - @StuartWall Go @setpointio, go 🚀 https://t.co/crPyKELrvS
Our credit system powers everything, but as it grows, the outdated infrastructure lags behind. We believe that @setpointio is here to change that 💪 Congrats to portfolio company Setpoint on the $30M Series B, which we were honored to be a part of 🔥 More on the round from…
Setpoint Secures $31M Series B From Wells Fargo, Citi, 645 Ventures, Andreessen Horowitz and Others to Revolutionize Credit Infrastructure https://t.co/2nqsCYE1B2 https://t.co/ac8L4fBSCq