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.