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

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

Date:

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.

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