Congratulations to portfolio company Ocrolus on the announcement of their Series C funding round! Fin VC led the financing, which values New York-based Ocrolus at “north of $500m” and brings its total funding raised since its 2014 inception to over $100m. Thomvest Ventures, Mubadala Ventures, Oak HC/FT, FinTech Collective, QED Investors, Bullpen Capital, ValueStream Ventures, Laconia, RiverPark Ventures, Stage II Capital and Cross River Bank also participated in the latest round.
“One of the benefits of our software is that it has really helped fintech lenders scale,” Bobley said. “Our product, frankly, is 10x better than doing it manually. Once we processed the loans instantly or in a matter of minutes, when everybody else was taking hours or days, people started to come to us — including big fintech lenders — without us even having a sales force.”