Los Angeles based online lender Camino Financial has raised $2m in venture funding led by Collaborative Fund. Camino Financial advises small business on securing capital and building their business credit. The Company provides access up to $500,000 in business funding and assists its clients in applying for financing.
'This is an exciting time for Camino Financial as we continue on a path to become a market leader in the online lending space,' says Sean Salas, Chief Executive Officer. 'The $2 million cash infusion will focus on our infrastructure for scalable growth, allowing Camino Financial to continue assisting Hispanic-owned businesses to access small business loans with best-in-class customer service.' Last November, Camino Financial raised $750,000 in seed capital backed by institutional and angel investors. As a result of its early traction, the Company raised an additional $2 million series seed financing led by Collaborative Fund and Hunt Holdings LP, in collaboration with Comcast Ventures Catalyst Fund and Impact America Fund, among other influential angel investors demonstrating their commitment, trust and vision in Camino Financial.