PANews reported on July 29 that according to Tech in Asia, Salient, a loan platform from San Francisco, recently completed a $60 million Series A funding round led by Andreessen Horowitz (a16z), with participation from Matrix Partners, Michael Ovitz, and Y Combinator. After this round of financing, Salient's valuation reached $350 million. Established just 18 months ago, Salient's annualized revenue has exceeded $14 million as of June 2025. The platform uses generative AI to automate post-loan collection, customer service, and compliance monitoring processes, and employs voice recognition technology to monitor customer service compliance, aiming to enhance loan service transparency, simplify operational processes, and strengthen compliance management.
A16z leads $60 million Series A funding round for US lending platform Salient
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