The Atlanta based, alternative credit bureau, FactorTrust has secured $42m in funding. Great space!
Atlanta-based alternative credit bureau FactorTrust has secured $42 million in funding. ABS Capital Partners and MissionOG led the round. In conjunction with the investment, FactorTrust has named Michael Heller, MissionOG advisor, as president and board member; Gene Lockhart, chairman and managing partner of MissionOG, as FactorTrust’s board chair; and Phil Clough, managing general partner at ABS Capital, as board member. FactorTrust, the alternative credit bureau, announced today that Michael Heller, an information and analytics industry leader, has joined as president. The company also closed on a $42 million investment led by ABS Capital Partners, a leading late-stage growth company investor, and MissionOG, a leading early to growth stage investor. With the investment, FactorTrust will accelerate its growth and expand its suite of offerings to enable lenders to drive desired business results in a challenging compliance environment.