The capital helps Nova Credit to further broaden its product offering beyond cross-border credit reporting and scale Cash AtlasTM, the industry's leading solution for cash flow underwriting and verification of income and employment. The expansion enables the company's partners to grow within risk appetite by incorporating an expanded suite of open finance data pipelines, unique datasets, and category-defining analytics and compliance applications.

Nova Credit's unique combination of data, analytics, and compliance, coupled with streamlined onboarding and credit workflows, delivers a one-of-a-kind infrastructure layer that helps lenders build superior products with the best that open finance has to offer. Nova Credit has developed the world's foremost expertise in credit data connectivity, standardization, analytics, and compliance required to unlock the power of open finance to benefit a broader base of consumers and lender use cases. The vision behind this winning combination is shared by lead investor Canapi Ventures, who-along with other investors-are backing Nova Credit to become the leading data analytics player in the cash flow underwriting space. Additional investors include existing backers General Catalyst, Index Ventures, Kleiner Perkins, Y Combinator, and Avid Ventures, as well as new investors Geodesic Capital, Harmonic Capital, Radiate Capital, and Socium Ventures (Cox Enterprises).

Nova Credit is a data analytics company that enables businesses to grow responsibly by harnessing alternative credit data. The company leverages its unique set of data sources, bank-grade infrastructure and compliance framework, and proprietary credit expertise to help lenders fill the gaps that exist in traditional credit analytics. Nova Credit serves as the bridge between data and credit excellence, providing a comprehensive suite of solutions designed to give lenders a competitive edge in the open finance era. Its cross-border credit solution, Credit Passport®, and cash flow underwriting and verification solution, Cash AtlasTM, are used by leading organizations like American Express, Verizon, HSBC, SoFi, Scotiabank, and Yardi.