Finova Financial is transforming the FinTech industry as a socially responsible online lender, providing fast, affordable loans based on the equity in your car. Founded in 2015 by a team of financial services, technology and payment experts, Finova delivers an online path to financial well-being and fair lending to the 70 million financially underserved Americans that spend $138 billion in fees and interest annually on alternative financial products. Finova's Car Equity Line of Credit (C-LOC) costs 70% less than the current national average, provides around-the-clock access to capital, and a 12-month pathway back to financial health through its online and mobile platform.
| Date | Amount | Type | Investors | Valuation |
|---|---|---|---|---|
| 08/10/16 | $52,500,000 |
500 Startups Al Hamra Group CoVenture Jake Gibson Metamorphic Ventures MHS Capital Refactor Capital Sam Hodges | undisclosed | |
| 10/18/17 | $102,500,000 |
500 Startups CoVenture  Metamorphic Ventures Refactor Capital | undisclosed |
