Setpoint, an infrastructure provider for the asset-backed lending industry, completed its $31 million Series B funding round. 645 Ventures led the round, with significant strategic investments from Citi and Wells Fargo, alongside Andreessen Horowitz (a16Z) and others. This funding round brings Setpoint’s total capital raised to $76 million._x000D_
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The newly raised funds will be channeled into research and development, with a focus on expanding Setpoint’s engineering and data science teams.
Forward for Specialty Finance
