CoFi Raises $7M in Seed Funding

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CoFi, a Salt Lake Metropolis, UT-based building financing firm, raised $7m in seed funding.

The spherical was led by Blackhorn Ventures, Metaprop, and Tenacity.

The corporate intends to make use of the funds to increase operations and its enterprise attain.

Based in 2018 by Mike Lacey and Cam Harris, CoFi is a digital platform that empowers contractors to get undertaking funding backed by on-demand funds. It permits each builders and builders to streamline money to the job website so everybody will get paid quick. By participating a number of accomplice lenders in a strategically grown lender pool, CoFi can guarantee the most effective charges and phrases for building loans.

Thus far, lenders nationwide have trusted CoFi to course of billions of {dollars} in building financing.

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