The Bank Slate

INSIGHTS INTO THE BANKING INDUSTRY

SaaS fintech Parlay raises $1.3 million in pre-seed financing

Parlay, which developed a B2B SaaS platform for alternative credit scoring, has raised $1.3 million of pre-seed financing.

The fintech announced that Fenway Summer led the financing round. Other participants included Hivers & Strivers Capital, Capacity Capital, Service Provider Capital, Alumni Ventures and Techstars Boulder Accelerator.

Angel investors were also involved.

Parley also creates new loan approval channels for small business borrowers.

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