Highline Technologies, a Dallas, Texas-based payments fintech that enables payroll-linked lending and bill pay, announced that it raised a $13 million Series A funding round.
The round was led by Jump Capital, Costanoa Ventures, Foundation Capital, and other investors.
The Series A funding will help Highline's continued expansion, including new hires, more strategic partnership opportunities, and increased market adoption of its products and services.
“It will enable us to continue building a world-class team and connect with a growing number of customers and partners throughout the industry who are equally committed to providing more borrowers with access to the credit and banking services they deserve.” -CEO of Highline, Geoff Brown
Company: Highline Technologies Inc.
Raised: $13.0M
Round: Series A
Funding Month: Aug 2022
Lead Investors: Jump Capital, Costanoa Ventures, and Foundation Capital
Additional Investors:
Company Website: https://highline.co/
Software Category: Payment Platform
About the Company: Founded in 2020, Highline is a new payments platform that automates bill payments directly from payroll. It provides lenders with a simple, direct approach to credit decisioning and payment automation that can be supported at scale. Lenders can decrease missed payments by up to 2/3rds, reduce default rates by more than half, expand customers’ credit options, and better support financial wellness. Built by subject matter experts, data scientists, and technologists, Highline’s solution unleashes the power of payment automation to help lenders and financial institutions expand the pool of potential borrowers.
Source: https://highline.co/highline-secures-13-million-in-series-a-funding-to-extend-credit-access-for-borrowers-and-reduce-risk-for-lenders/