Nova Credit Secures $35M: Reshaping Credit with Cash Flow Underwriting
October 16, 2025, 9:35 pm
Location: United States, California, San Francisco
Employees: 51-200
Founded date: 2016
Total raised: $50M
Location: United States, Massachusetts, Cambridge
Employees: 51-200
Founded date: 2000
Location: United States, California, Mountain View
Employees: 51-200
Founded date: 2005
Nova Credit secured $35 million in Series D funding. This investment accelerates its transformative cash flow underwriting platform. It empowers financial institutions and property managers with critical, real-time income and spending data. This data delivers superior credit decisions. Traditional systems often miss vital financial health indicators. Nova Credit offers a dynamic, complete consumer financial picture. Leading entities like Chase, PayPal, and Yardi actively integrate its solutions. Key industry veterans join the board, strengthening strategic direction. The funding decisively propels financial inclusion efforts. It modernizes risk assessment practices across lending and housing. Nova Credit cements its role as an essential credit infrastructure provider. The company fosters responsible growth and expands access to vital financial services through advanced analytics and robust FCRA compliance frameworks.
Nova Credit, a leader in credit infrastructure, has closed a significant Series D funding round. The company raised $35 million. Socium Ventures led this investment. This capital infusion will accelerate the Nova Credit Platform's expansion. The goal is clear: enhance cash flow underwriting capabilities.
Cash flow underwriting represents a seismic shift. It evaluates consumer financial behavior. It uses real-time income and spending data. This approach offers unparalleled precision. Traditional credit bureau data often falls short. It misses crucial aspects of financial health. It leaves gaps in risk assessment. It limits lending opportunities. Nova Credit fills these gaps. It provides a complete, dynamic financial picture. Lenders, landlords, and financial service providers gain clarity. They make smarter, more informed decisions.
Major institutions already deploy Nova Credit’s solutions. Cash Atlas™ is their flagship cash flow underwriting tool. Chase integrates it. PayPal utilizes its insights. Yardi applies it to tenant screening. This reflects a growing industry trend. Data-rich, inclusive financial evaluation is the future.
Nova Credit’s momentum is strong. Its Series C round concluded in 2023. Since then, partnerships have flourished. MoneyLion, Imprint, and SoFi are key financial institution partners. Its reach extends into property management. Integrations with Yardi, AppFolio, MRI Software, and Entrata demonstrate this expansion. This multi-aggregator model gives Nova Credit an edge. It consistently outperforms incumbent credit data providers.
The company operates as a Consumer Reporting Agency (CRA). This status ensures full compliance. The Fair Credit Reporting Act (FCRA) guides all operations. Lenders can adopt new data-driven underwriting responsibly. This latest funding empowers further development. Nova Credit will build out infrastructure. Analytics capabilities will grow. Real-time financial data will become as reliable as traditional credit reporting. It will be just as accessible.
Strategic leadership additions underscore Nova Credit’s ambition. Two prominent financial industry veterans joined the board. Gene Ludwig is one. He is a former Comptroller of the Currency. He is also Managing Partner of Canapi Ventures. Nichole Mustard is the other. She co-founded Credit Karma. She was its Chief Revenue Officer. Their expertise is invaluable. They will guide Nova Credit through evolving regulatory landscapes. They will help scale its credit and housing solutions globally.
The Series D round saw broad participation. Existing investors reaffirmed their commitment. Canapi Ventures, Kleiner Perkins, and General Catalyst were involved. Index Ventures, Y Combinator, and NAVentures also contributed. NAVentures is the venture capital arm of National Bank of Canada. Harmonic Growth Partners, Radiate Capital, and Gaingels completed the list. This investment speaks volumes. It shows confidence in Nova Credit’s vision. Modernizing financial inclusion is paramount. Enhancing credit accessibility is its core mission.
Nova Credit’s platform goes beyond Cash Atlas™. It offers Income Navigator. This solution quickly verifies income. It provides Credit Passport®. This product helps new-to-country consumers establish credit. These tools collectively empower businesses. They facilitate responsible growth. They harness alternative credit data effectively. HSBC and Scotiabank also leverage Nova Credit's offerings. The company’s data infrastructure is robust. Its compliance framework is comprehensive. Its credit expertise is deep. These elements help lenders overcome critical gaps. Traditional credit analytics often fail here.
The market demands better solutions. Consumers face challenges with legacy systems. Many are historically misunderstood. Cash flow underwriting offers clarity. It provides a truer picture of financial health. This benefits both consumers and businesses. Lenders can grow responsibly. Property managers can assess tenants accurately. This fosters a more inclusive financial ecosystem. Nova Credit stands at the forefront of this transformation.
The funding fuels development efforts. It expands business reach. Nova Credit's mission is clear. It aims to make financial data fair. It strives for inclusivity. It builds an infrastructure that supports this vision. The company is not just raising capital. It is securing the future of credit assessment. It is making finance more equitable for all. Nova Credit leads this charge.
Nova Credit, a leader in credit infrastructure, has closed a significant Series D funding round. The company raised $35 million. Socium Ventures led this investment. This capital infusion will accelerate the Nova Credit Platform's expansion. The goal is clear: enhance cash flow underwriting capabilities.
Cash flow underwriting represents a seismic shift. It evaluates consumer financial behavior. It uses real-time income and spending data. This approach offers unparalleled precision. Traditional credit bureau data often falls short. It misses crucial aspects of financial health. It leaves gaps in risk assessment. It limits lending opportunities. Nova Credit fills these gaps. It provides a complete, dynamic financial picture. Lenders, landlords, and financial service providers gain clarity. They make smarter, more informed decisions.
Major institutions already deploy Nova Credit’s solutions. Cash Atlas™ is their flagship cash flow underwriting tool. Chase integrates it. PayPal utilizes its insights. Yardi applies it to tenant screening. This reflects a growing industry trend. Data-rich, inclusive financial evaluation is the future.
Nova Credit’s momentum is strong. Its Series C round concluded in 2023. Since then, partnerships have flourished. MoneyLion, Imprint, and SoFi are key financial institution partners. Its reach extends into property management. Integrations with Yardi, AppFolio, MRI Software, and Entrata demonstrate this expansion. This multi-aggregator model gives Nova Credit an edge. It consistently outperforms incumbent credit data providers.
The company operates as a Consumer Reporting Agency (CRA). This status ensures full compliance. The Fair Credit Reporting Act (FCRA) guides all operations. Lenders can adopt new data-driven underwriting responsibly. This latest funding empowers further development. Nova Credit will build out infrastructure. Analytics capabilities will grow. Real-time financial data will become as reliable as traditional credit reporting. It will be just as accessible.
Strategic leadership additions underscore Nova Credit’s ambition. Two prominent financial industry veterans joined the board. Gene Ludwig is one. He is a former Comptroller of the Currency. He is also Managing Partner of Canapi Ventures. Nichole Mustard is the other. She co-founded Credit Karma. She was its Chief Revenue Officer. Their expertise is invaluable. They will guide Nova Credit through evolving regulatory landscapes. They will help scale its credit and housing solutions globally.
The Series D round saw broad participation. Existing investors reaffirmed their commitment. Canapi Ventures, Kleiner Perkins, and General Catalyst were involved. Index Ventures, Y Combinator, and NAVentures also contributed. NAVentures is the venture capital arm of National Bank of Canada. Harmonic Growth Partners, Radiate Capital, and Gaingels completed the list. This investment speaks volumes. It shows confidence in Nova Credit’s vision. Modernizing financial inclusion is paramount. Enhancing credit accessibility is its core mission.
Nova Credit’s platform goes beyond Cash Atlas™. It offers Income Navigator. This solution quickly verifies income. It provides Credit Passport®. This product helps new-to-country consumers establish credit. These tools collectively empower businesses. They facilitate responsible growth. They harness alternative credit data effectively. HSBC and Scotiabank also leverage Nova Credit's offerings. The company’s data infrastructure is robust. Its compliance framework is comprehensive. Its credit expertise is deep. These elements help lenders overcome critical gaps. Traditional credit analytics often fail here.
The market demands better solutions. Consumers face challenges with legacy systems. Many are historically misunderstood. Cash flow underwriting offers clarity. It provides a truer picture of financial health. This benefits both consumers and businesses. Lenders can grow responsibly. Property managers can assess tenants accurately. This fosters a more inclusive financial ecosystem. Nova Credit stands at the forefront of this transformation.
The funding fuels development efforts. It expands business reach. Nova Credit's mission is clear. It aims to make financial data fair. It strives for inclusivity. It builds an infrastructure that supports this vision. The company is not just raising capital. It is securing the future of credit assessment. It is making finance more equitable for all. Nova Credit leads this charge.