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FT Partners Advises INSIKT on its $50,000,000 Series D financing

Overview of Transaction

  • On December 13, 2017, INSIKT announced it has raised $50 million in its Series D financing round led by Grupo Coppel
  • Existing investors First Mark Capital, Revolution Ventures and Colchis Capital also participated
  • Headquartered in San Francisco, CA, INSIKT provides a white-label credit and loan management platform called Lendify to over 620 store locations across the United States
  • Lendify is cloud-based and available to organizations wanting to extend and deepen their relationships with customers by offering high quality loans
  • With 1,450 store locations and 1,000 bank branches, Grupo Coppel has many years of experience providing credit and empowering financial services to millions of previously unbanked families in Mexico and Latin America
  • This transaction was featured in articles on TechCrunch and American Banker

Significance of Transaction

  • The latest round brings the Company’s total funding to $100 million, and will enable further growth in existing and new markets
  • Since first launching in late 2014, INSIKT has processed more than 325,000 applications and provided 125,000 loans to underserved individuals in need of credit

FT Partners' Role

  • FT Partners served as exclusive strategic and financial advisor to INSIKT in this transaction
  • This transaction further demonstrates FT Partners’ continued success advising leading FinTech companies as well as its deep domain expertise in the Alternative Lending space