Finova Financial

company

About

Fast affordable online loans based on the equity in your car

  • 11 - 50

Details

Last Funding Type
Series Unknown
Last Funding Money Raised
$52.50M
Industries
Consumer Lending,Financial Services,FinTech,Insurance
Founded date
Jan 1, 2016
Number Of Employee
11 - 50
Operating Status
Active

Finova Financial is a socially responsible lender that provides fast affordable loans based on the equity in your car, to the 70 million financially underserved Americans that spend $138 billion in fees and interest annually.
Finova’s Car Equity Line of Credit (C-LOC) costs 70% less than the current national average, provides instant access to capital, and a 12-month pathway back to financial health, online, mobile, anywhere, 24/7.
Finova clients benefit from the ability to complete the loan process online, instant approval decisions and same day cash funding. The Finova client portal provides personalized access to our financial dashboard allowing real time management of your financial health. Payments can be made from the convenience of any computer or mobile device and at 32,000 US retail locations. Successful payment history provides declining rates, the opportunity to establish and build credit, along with access to additional funds on demand.
Finova provides an immediate solution to our clients’ credit needs, the ability to monitor their progress in real time, which when coupled with Finova’s ongoing financial education provides a pathway to improved economic health.
The Finova C-LOC is the first of many digital financial service products we will launch to address the unfulfilled needs of financially underserved Americans.
At Finova we are in the business of relationships, not transactions. Our clients tell us Finova is the first positive relationship they have with any financial services provider. This is our passion and what drives us forward.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
2
$52.50M
Finova Financial has raised a total of $52.50M in funding over 2 rounds. Their latest funding was raised on Aug 10, 2016 from a Series Unknown round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Aug 10, 2016 Series Unknown $52.50M 1 Detail
Jan 28, 2016 Seed 1 500 Global Detail

Investors

Number of Lead Investors
Number of Investors
1
1
Finova Financial is funded by 1 investors. 500 Global are the most recent investors.
Investor Name Lead Investor Funding Round
500 Global Series Unknown