Parlay Finance, an Alexandria, VA-based AI-powered loan intelligence system, has secured $2 million in seed funding.
Investors
The round was led by JAM FINTOP, with participation from several of its network banks.
JAM FINTOP is a joint venture between JAM Special Opportunity Ventures and FINTOP Capital. The partnership brings together bank experts and seasoned fintech entrepreneurs to invest in companies transforming how financial institutions and their customers move, track, and interact with money.
Parlay Finance Use of Funds
The company will use the funding to expand product development, deepen integrations with existing systems, and grow its network of community lenders and mission-driven financial institutions.
About Parlay Finance
Parlay Finance is a SaaS-based loan intelligence system (LIS) that helps lenders efficiently qualify SBA and small business loan prospects. It streamlines digital onboarding, verification, and eligibility assessment, complementing Loan Origination Systems to boost loan volume and profitability. Parlay supports complex loan types, such as SBA loans, by enabling digital onboarding, information verification, and automated decision-making. The company's mission is to democratize access to capital through better lending technology for community banks and credit unions nationwide.
Funding Details
Company: Parlay Finance
Raised: $2.0M
Round: Seed
Funding Date: June 2025
Lead Investor: JAM FINTOP
Additional Investors:
Company Website: https://www.parlay.finance/
Software Category: Fintech / Loan Intelligence / AI Lending Software
Source: https://www.businesswire.com/news/home/20250609506898/en/