Peach Finance (“Peach”), an Oakland, California-based modern SaaS-based loan servicing platform, raised $20 million in Series A funding.
Canapi Ventures led the round with participation from existing and new investors, SciFi VC, Caffeinated Capital, Nyca Partners, and Moore Specialty Credit.
The funding will support Peach’s continued expansion within the massive and growing loan management and servicing market, including through new credit product launches, customer growth initiatives, and increased hiring.
Company: Peach Finance, Inc.
Round: Series A
Funding Month: September 2021
Lead Investors: Canapi Ventures
Additional Investors: SciFi VC, Caffeinated Capital, Nyca Partners, and Moore Specialty Credit
Company Website: https://www.peachfinance.com/
Software Category: SaaS-based loan servicing platform
About the Company: Peach is an all-in-one SaaS platform for loan management, servicing, and compliance, helping lenders streamline operations, increase borrower satisfaction, and intelligently manage their regulatory risk. Peach’s API-first, the modular approach gives lenders the flexibility to tailor a solution to fit their exact needs, without the need to integrate an array of software vendors. Peach’s product offerings support a wide variety of asset classes, including credit cards, charge cards, cash advances, BNPL/POS, retail installment contracts, personal loans (installments and lines of credit), home improvement loans, private student loans, business loans, MCAs, auto loans, and auto leases.