Florida based digital alternative banking platform Finova Financial has raised a $102.5m equity and credit funding round led by CoVenture.
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Finova Financial Secures $102.5M in Funding
he company intends to use the funds to continue expansion of its digital financial services products. Led by Gregory Keough, CEO, Finova Financial leverages a proprietary cloud-based digital platform to offer: – Car Equity Line of Credit (CLOC), providing emergency loans based on car equity, currently available in Florida, California, Tennessee, New Mexico, South Carolina, Oregon and Arizona; and – Automobile-Secured Prepaid Card, which accepts either cash or car equity to fund the car
