Noble Raises US$18M Series A to Expand Its Credit Products Platform to the US26. September 2022
Tel Aviv-based fintech Noble, the no-code platform for credit products, has raised US$18 million in Series A funding led by US venture capital firm Insight Partners.
Cross River Digital Ventures, Y Combinator, Flexport Fund, TLV Partners, Operator Partners, Verissimo Ventures, Interplay Ventures, Plug and Play, and the George Kaiser Family Foundation also participated in the round.
Noble plans to use the funding to open a US office and expand its offerings to help companies build, launch and scale credit-based products and services like credit cards and BNPL.
Founded in 2021, Noble’s platform enables companies to manage the entire underwriting flows end-to-end without building APIs integrated into their offerings.
The platform also helps non-technical users create credit offerings by easily connecting to industry data sources, as well as launch credit models without the need of long deployment processes.
“There are simply too many challenges that companies face when looking to build credit products including compliance, debt funding, and underwriting.
Noble’s mission is to remove these barriers in the same way that payment processing platforms built the new payment rails that enabled the explosive growth in online payments witnessed over the past decade,”
said Tomer Biger, CEO and Co-Founder of Noble.
“Noble has created a platform for credit underwriting infrastructure as a service, enabling any company to build proprietary credit products in-house.
With its strong product offerings and impressive founding team, Noble has already acquired B2B and B2C customers across use cases,”
said Daniel Aronovitz, Principal at Insight Partners.