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Online credit tools and solutions company, NEFT LLC, raised $10m in Series A funding from prominent investors John Sculley, former Apple CEO and John Mack, former chairman and CEO of Morgan Stanley. The funds are intended to accelerate the development of their mPowerCredit offering, allowing consumers to enhance their credit scores in real-time.
"Despite improvements in the U.S. economy, the American Dream continues to remain out of reach for a growing number of consumers, who are often provided with little actionable information and antiquated methods for improving their credit profiles," said G. Christopher Imrey, NEFT executive chairman. "Our mPowerCredit platform will not only deliver value to consumers, but also to bureaus, lenders and creditors who will benefit from reduced costs related to debt resolution, report updates and customer acquisitions."
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