Foro provides a platform that simplifies and streamlines the commercial lending process for growing businesses seeking $1M-$20M. It uses a proprietary algorithm to give businesses the choice, clarity, and confidence needed to select the right lender and accelerate growth. At the same time, lenders can use the platform to identify businesses actively seeking growth capital that fit their lending criteria. Led by CEO Dave Godsman, Foro raised $4M in a Series A extension and intends to use the funds to scale its reach. The company is based in Charlotte, NC. Foro is a fintech startup that operates a digital commercial lending platform designed to streamline access to capital for businesses. Led by CEO Dave Godsman, the platform has business owners complete a guided profile that focuses on the specific questions lenders initially want answered. That profile is anonymized and routed to potential matches among banks, credit unions and alternative lenders, with lenders able to express interest in as little as 48 hours. Foro says this approach cuts the initial discovery period and lets businesses choose between multiple financial partners. The company raised $8M in a Series A led by TTV Capital with participation from Fin Capital, Correlation Ventures and AME Cloud Ventures. Foro intends to use the funds to accelerate the national launch of its digital commercial lending platform.

Total raised

$12M

Funding rounds

2

Latest round

Series A

Latest activity

Mar 2023