Dovly: Raises $3M in Bridge Funding

Dovly Raises $3M in Bridge Funding

• Dovly, a Scottsdale, Arizona -based consumer credit startup, raised $3M in bridge funding
• Backers included NFX, Fawkes Global, 1984 Ventures and Croghan Investments
• This round brings company’s total funding to $5.9m to date, after having raised $2.3m in seed capital last June, led by NFX
• The company intends to use the funds to accelerate growth and marketing efforts and to further develop its product offerings
• The company provides an automated platform that allows consumers to tracks, manages and fixes their credit scores
• Founded in 2018, The company has established partnerships with multiple leading fintechs, including Chime, MoneyLion, Varo and Even Financial