Ned Secures $4.2 Million for Innovative Cash Flow Lending Platform

Ned, a cash flow lending platform provider, has announced the closure of a $4.2 million seed financing round. Led by Impression Ventures, with participation from Capital Eleven, this funding marks a pivotal moment in financial services. Ned aims to address the long-standing challenges faced by lenders in assessing business performance and qualifying borrowers based mainly on revenue.

The platform offers increased transparency and automation throughout the lending lifecycle. It targets businesses with strong fundamentals but limited traditional credit options, assisting lenders in extending financing confidently. This end-to-end solution allows lenders to tailor capital products, underwrite, and manage loans efficiently.

The funding will enhance Ned's technological capabilities, focusing on cash flow underwriting and servicing systems. This aligns with the growing demand for advanced lending infrastructure. Supported by prominent investors, Ned is poised to drive significant change in the lending industry.