Setpoint

When Setpoint began, our mission was clear: to build trust in our system of credit. Today, we’re excited to share a major milestone in that journey—raising $31 million in Series B funding, bringing our total to $76 million. Led by 645 Ventures, with strategic investments from Citi, Wells Fargo, and Andreessen Horowitz, along with support from NextView Ventures, Floating Point, Henry Kravis, Zillow founder’s 75 & Sunny, Vesta Ventures, Fifth Wall, Eltura Capital Management, and Outrunner Capital. This funding will fuel our continued innovation in asset-backed finance. Capital providers and issuers trust Setpoint to make transactions instant, error-free, and effortless. With 6x year-over-year growth since our last round, we’ll keep investing in our customers and technology. Trust and credit are the foundation of society. We’re just beginning to build a lasting product that will redefine how technology strengthens both. Thank you to our customers and partners for being part of this journey. Read the full story on Fortune: https://lnkd.in/eUQwgJQb

Excited to see Setpoint featured in this great piece on the $22 trillion opportunity in infrastructure for alternative assets. Thanks to Laura Lenz, Ryan Zauk, Dave Wechsler and Marc Andrew at OMERS Ventures for including us alongside so many innovative companies working to modernize the systems powering private markets. As the alternative asset space continues to grow, we're proud to be building the category-defining technology that scales it. 💥

In the lending space, most attention has been paid to the slick new user interfaces and the advances in underwriting. Innovation in the back office has certainly lagged other areas and that, of course, has presented an opportunity. Enter Setpoint and their "operating system for capital markets". In my recent conversation with Setpoint CEO and Co-Founder, Stuart Wall, he shares how backward the capital markets process has been and what can be done to fix it. Listen to the full interview here: https://lnkd.in/gFEdDEM3

🎧 Our CEO, Stuart Wall, recently sat down with Peter Renton on his Fintech One-on-One Podcast to talk all things Setpoint and how we're helping borrowers and capital providers move beyond outdated, manual processes. Peter, who’s been a leading voice in fintech since founding Fintech Nexus (formerly LendIt Fintech), dives deep into the challenges facing today’s lending infrastructure and how Setpoint is addressing them through technology and automation, helping to build greater trust in the credit system. Give it a listen to hear Stu’s take: 🔗 https://lnkd.in/eyt5-5Tv

✈ Next stop: Las Vegas! If you’re attending the Auto Finance Summit 2024 next week, the Setpoint team would love to connect. Conor Witt and Dane Huber from our team will be there and would love to meet up. Let us know if you’ll be around! 📅 7-9 Oct 2024 📍 Wynn Las Vegas Fill out your info here to book a time: https://lnkd.in/egGWNy7p

🚀 The Data Tapes: October Edition I is out! Discover the latest in ABS and debt markets. A few highlights making waves this month. 🔹 Aqua Finance, Inc.: Issued $418.5M in ABS backed by marine, home improvement, and RV contracts. 🔹 Carmoola: Secured a £100M credit facility with NatWest to drive growth in auto finance. 🔹 Harley-Davidson Motor Company: Raised $631.5M in asset-backed securities secured by retail motorcycle contracts. 🔹 Toorak Capital Partners: Closed a $237.5M securitization supporting residential real estate. 🔹 Castlelake: Secured a $1B credit facility with major banks to finance the purchase of over 60 aircraft. 🔹 Forward Financing: Increased its facility from $250M to $450M to support SMB revenue-based financing. 🔹 Verus Mortgage Capital: Floating $669.9M in MBS secured by non-prime mortgage assets. Market Commentary: 🔸 "Private markets will win over public... it just grows faster." – @Marc Rowan, Apollo Global Management, Inc. 🔸 "The current credit market presents unmatched opportunities." – Avi Korn, KKR For the latest in debt markets, platform growth, and expert insights, read the full Data Tapes report. https://lnkd.in/eWce2r5D

Last night, we had the pleasure of hosting a dinner with over 30 capital markets leaders at the historic Delmonico's Steakhouse—the first fine dining restaurant in America, established in 1837. ✨ Fun fact: we gathered in the famous Twain Room, named after Mark Twain, who regularly dined there with his friends and fellow luminaries. At Setpoint, we value in-person moments like these to foster relationships in the capital markets community. Thank you to everyone who joined us! To stay in the loop on our next event, fill out your details here: https://lnkd.in/eUHaD6pq

🚀 We’re excited to announce Setpoint Analytics which allows you to transform complex portfolio data into actionable intelligence. 📊 Powered by Setpoint's Capital OS technology, Setpoint Analytics offers real-time, interactive dashboards and customizable reports, helping you fully leverage your loan portfolio. Whether it’s optimizing performance, managing risk, or identifying new growth opportunities, this platform empowers you to make informed, data-driven decisions with confidence. ➡ Read the full announcement and watch a highlight video below: https://lnkd.in/eJP5VZQu

📍 We're excited to be at DealCatalyst's U.S. Asset Based Finance Conference next week! The Setpoint team is looking forward to connecting. Roby Farchione (Head of Sales) and Conor Witt (BD & Partnerships Lead) from our team will be there and are excited to meet up. Let us know if you’ll be around! Fill out your info here: https://lnkd.in/eid6BKZE

The latest September edition II of "The Data Tapes" is here – your go-to source for key updates in private credit and ABS markets. Get bite-sized insights on debt financings, platform fundraises, market analysis, data trends, and the latest from Setpoint. Check out the highlights from September Edition II: https://lnkd.in/eXJ4iWpD