San Francisco based loan processing platform for commercial lenders raised $20m in Series A funding led by Canapi Ventures.
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Able raises $20m in Series A funding
“Able is a game-changer. Their team is already working with several banks in the Canapi network on use cases that span the entire loan lifecycle,” said Neil Underwood, general partner at Canapi Ventures and president of Live Oak Bank, in a statement. “Able cuts the time and resources needed to process any business loan. Lenders get better economics and a scalable platform for growth. Everyone gets a modern digital experience. It’s a win-win situation for all parties involved.”
