Online lender Dealstruck grabs $10 mln from CIMAug. 9, 2015, 12:14 p.m.
Dealstruck, an online lending portal by Ethan Senturia (Co-founder and CEO, SLP San Diego Fellow 2012), has secured $10 million in funding. The investor was Community Investment Management LLC. As quoted in PE Hub, “We’re pleased to be able to add new financing to the marketplace to help support small businesses”, said Ethan Senturia, CEO of Dealstruck. “The growth in alternative lending has breathed new life into so many small businesses, and growing the capital pool means more access and more opportunity. We’re transforming the financial landscape for small businesses.”
The Dealstruck lending marketplace connects profitable, small- and medium-sized businesses (SMBs) with innovative credit solutions. Unlike the one-size-fits-all approach offered to them by banks and the high-cost, short-term credit offered to them by alternative lenders, Dealstruck provides growing SMBs with a suite of products that give them a credible and transparent path to bankable. Dealstruck is the first online lending platform to offer multiple products to SMBs, and the first to allow investors the freedom to choose specific investments. For more information, please visit https://www.dealstruck.com/.
Community Investment Management (“CIM”) is an impact investment firm focused on marketplace lending. CIM provides responsible and transparent financing to small businesses in the United States in partnership with a select group of technology-driven lenders. CIM combines experience, innovation, and values to align the interests of small business borrowers and investors. More information is available at http://www.cim-llc.com.
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