Marlette Holdings, Inc., a Wilmington, NC-based financial technology company, raised $225 million in Series E funding.
The round was led by the Healthcare of Ontario Pension Plan (HOOPP), with participation from investment funds advised by Davidson Kempner Capital Management.
The company intends to use the funds to accelerate growth, explore platform expansions, and evaluate additional strategic opportunities to create more value for target consumers.
Company: Marlette Holdings, Inc.
Round: Series E
Funding Month: March 2022
Lead Investors: Healthcare of Ontario Pension Plan (HOOPP)
Additional Investors: Davidson Kempner Capital Management
Company Website: https://www.marlettefunding.com/
Software Category: Online credit and financial wellness platform
About the Company: Led by CEO Jeffrey Meiler, and Andrew Deringer, chief capital officer, Marlette Holdings provides Best Egg, a machine learning-powered, online credit and financial wellness platform which aims to help people feel confident about their everyday finances, as well as The Best Egg Visa® Credit Card, which provides access to credit for Americans with little or no savings who wish to build or rebuild their credit. Product features include fraud protection, no annual fees, and spending controls. Since March 2014, the platform has delivered over $16 billion of consumer loans.