New York-based credit and consumer lending company MoneyLion has secured $100 million in Series C funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced July 22 and led by Edison Partners.
According to its Crunchbase profile, "MoneyLion is empowering the American dream by providing everyone access to better products for borrowing, saving and investing. MoneyLion uses superior analytics and machine learning-based technology to gain a 360-degree view of its users’ personal finances, enabling uniquely personalized advice and underwriting."
The six-year-old company has raised five previous funding rounds, including a $60 million Series B round in 2018.
The round brings total funding raised by New York companies in artificial intelligence over the past month to $159 million, an increase of $74 million from the month before. The local artificial intelligence industry has produced 142 funding rounds over the past year, raking in a total of $1.3 billion in venture funding.
In other local funding news, women's and elder care company Ruby Love announced a $15 million Series A funding round on July 23, financed by The Craftory.
Ruby Love was previously known as PantyProp. According to Crunchbase, "Ruby Love is proprietary hygiene wearables with properly angled and built-in technology for incontinence and feminine care."
Founded in 2015, the company has raised two previous rounds, including a pre-seed round in 2018.
Meanwhile, natural language processing company Airbud Technologies Inc. raised $4 million in seed funding, announced on July 25. The round's investors were led by Hanaco Venture Capital.
From the company's Crunchbase profile: "Airbud is a voice platform that allows enterprises to easily add voice capabilities to their websites and mobile apps. We allow customers to have two-way conversations that simplify their access to relevant information."
Airbud Technologies Inc. last raised $100,000 in seed funding in 2018.
Also of note, commercial real estate company CompStak raised $2 million in Series B funding, announced on July 25 and financed by Transamerica Ventures.
From Crunchbase: "CompStak uses a crowd-sourced model to gather real estate information for investors, brokers, asset managers and appraisers. CompStak's wedge into the market is a platform for the exchange of commercial lease comps. Brokers, landlords, appraisers and researchers use their site and submit comps on completed commercial lease transactions."
The company previously raised $12 million in Series B funding earlier this year.
Rounding out the city's recent top local funding events, telecommunications company EINO raised $150,000 in seed funding, announced on July 22 and financed by 500 Startups.
From Crunchbase: "EINO software technology provides Telco operators with unique network insights and automation solutions. Our AI-based proprietary technology accurately predicts network capacity demand and boosts network performance by improved proactive resource allocation."
The company previously raised angel funding in 2017.
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