Core10, a Tennessee, US-based financial technology company that provides lending and account opening products, as well as software development services, announced that it closed a $6.5 million Series B funding, bringing the company's total funding to $12.5 million.
The round was led by Patriot Financial Partners, with participation from JAM FINTOP and the Independent Community Bankers of America (ICBA).
This latest funding round enables Core10 to scale the development and growth of the Accrue platform and business unit and strengthen the company’s banking technology and integration services line of business.
Operating exclusively in the fintech and financial services industry, Core10 provides banking technology integration services, as well as banking and lending products.
Its Accrue platform provides digital account opening, digital lending, and core/fintech connectivity to accelerate community banks' digital transformation strategies.
“We are incredibly grateful for the opportunity to partner with the strategic, forward-looking investors of Patriot Financial Partners, JAM FINTOP and ICBA,” said Jeff Hanson, CEO of Core10. “Each of these partners recognizes and shares our commitment to helping community banks unleash their market potential and achieve their digital innovation goals. Accrue allows us to deliver on the services that community FI’s are looking to offer to their customers and members. Not only does Accrue support much of the digital commercial and retail banking experiences, but it also enables a community FI to remain relevant and competitive. Core10 is excited to see how this investment will help sustain and strengthen our growth throughout 2023 and years to come.”
Core10 also has a deep background in banking technology integration and implementation services. Core10’s API integration experts provide community financial institutions and fintechs with subscription- and project-based integration solutions to eliminate backlogs, reduce staffing costs, and support business growth opportunities.
Company: Core10, Inc.
Round: Series B
Funding Month: January 2023
Lead Investors: Patriot Financial Partners
Additional Investors: JAM FINTOP
Company Website: https://core10.io/
Software Category: Fintech Software Development
About the Company: Core10 is a North American-based provider of banking and lending products and financial technology services. The company’s Accrue platform is a configurable lending and onboarding banking application designed specifically for community banks and credit unions looking to accelerate digital innovation. Core10 provides world-class outsourced fintech products, integration expertise, implementation services, and more. Its API integration and SaaS implementation services provide its financial institution and financial technology clients with customized solutions to meet specific needs.