Fintech: Southeast News

Fintech Southeast News curated each weekday for Alabama, Florida, Georgia, Kentucky, Mississippi, North Carolina, South Carolina, and Tennessee

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Posted September 02, 2021

 

ATLANTA, August 31, 2021--(BUSINESS WIRE)--Atlanta-based fintech lender VIVA Finance has secured over $6 million in funding from a diverse group of investors to accelerate its nationwide expansion and provide underserved consumers with access to affordable credit.

Having primarily operated in the Southeast, VIVA plans to use this latest funding round to invest in its team, technology, and marketing to expand its footprint across the country.

"I am thrilled at the opportunity to amplify our nationwide impact and equip more consumers with the tools to achieve financial freedom," said VIVA Co-Founder and CEO Jack Markwalter. "This latest funding round will be instrumental in helping us to expand our mission of building an inclusive financial system."

VIVA’s latest equity raise follows the company’s strong financial performance in recent months. For the just-ended quarter, VIVA’s revenue soared more than 800% compared to the same period a year ago.


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