Atlanta-based banking company FI Navigator has secured $2.5 million in Series B funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced May 21.
According to its Crunchbase profile, "Our experience and passion have always centered on banking analytics. FI Navigator synthesizes that experience with the realization that the financial market is being transformed and the analytics haven’t kept up. FI Navigator has constructed a web-based bank data and analytics platform delivering institution-specific insights and industrywide research."
The five-year-old company also raised a $1.5 million round in 2016.
The round brings total funding raised by Atlanta companies in financial services over the past month to $3.5 million. The local financial services industry has seen 32 funding rounds over the past year, securing a total of $1 billion in venture funding.
In other local funding news, real estate and finance company MAX Exchange announced a Series B funding round on May 17.
According to Crunchbase, "MAX is an exchange and clearing house for the purchase and sale of residential mortgage loans. The MAX Exchange efficiently connects qualified buyers and sellers of mortgage loans by providing standardized rules and regulations, independent loan reviews, ongoing loan and servicing surveillance, and a fair, efficient, and enforceable dispute resolution process. MAX's innovative and powerful trading platform delivers a scalable transaction management system, a transparent and liquid marketplace, and improved flexibility in execution."
Founded in 2009, the company has raised three previous rounds, including a $38 million Series B round in 2018.
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