Splash Financial, a leading digital lending platform that helps borrowers easily shop and compare financial products from a Splash-powered network of lenders, has secured $44.3 million in a new Series B funding round. The round includes partners of DST Global, Citi Ventures, Detroit Venture Partners, Firebolt Ventures, and existing investors CMFG Ventures and Northwestern Mutual Future Ventures. With this latest funding, Splash has secured more than $60M in equity funding since its founding.
The investment will be used to further accelerate growth within Splash's expanding lender network and automated underwriting platform, which facilitates fast and easy access to financial products through a digital experience. Through Splash's platform, credit unions and banks can easily gain access to new members and loans which are then originated via Splash's turn-key digital lending technology, all while minimizing any upfront investment.