Financial automation start-up Clerkie bags $33m Series A

San Francisco-based start-up Clerkie, an AI-led financial automation platform, has raised $33 million in Series A funding led by Left Lane Capital. The company will use the funds to hire engineers and scale its debt workout solutions to support more partners and help more borrowers.

Facts

  • Clerkie, an AI-led financial automation platform, raised $33 million in Series A funding.
  • The round was led by Left Lane Capital, with participation from Wellington Management Company, Flourish Ventures, Citi Ventures, CMFG Ventures, Vestigo Ventures, and Nubank founder David Velez.
  • The new round brings its total funding to $41 million to date.
  • Clerkie will use the funds to hire for its engineering team and scale its debt workout solutions to support more partners and help more borrowers.
  • Founded in 2017, Clerkie’s AI-led financial planning platform uses conversational AI to interact with users, provide them personalized debt guidance and work out options to avoid delinquency and build up their credit scores.
  • “Tens of millions” of Americans are struggling with debt and falling into delinquency, according to Guy Assad, CEO and co-founder of Clerkie.
  • The goal is to support struggling American families by giving them better tools to responsibly fulfill their debt obligations and ease their debt burden.
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

Varo Financial Raises $123.9 Million in Funding Boost

The latest funding round strengthens Varo's financial position and growth plans.Highlights: Varo Financial secures $123.9 million in new...

NatWest to Shut 32 Branches, Tightening Its Retail Network

The bank aims to streamline operations amid changing customer habits.Highlights: NatWest to close 32 branches in a strategic...

Novum Secures UK Pension Fund Backing, Strengthening Fintech Growth

Funding supports expansion of innovative financial services in the UK.Highlights: Novum has received investment from a UK pension...

Apax Spins Out Finastra Treasury and Capital Markets Business, Strengthening Focus

Finastra's TCM unit now operates under the new brand Teciem.Highlights: Finastra's Treasury and Capital Markets unit has been...