Pier builds developer-facing APIs described as a “Stripe for credit” that automate the entire credit lifecycle from origination through servicing. Developers can add Pier’s APIs with a few lines of code to save months of engineering effort and significant costs, according to CEO Jessica Zhang. The company launched in 2023 and operates a SaaS pricing model with a monthly minimum plus usage fees tied to loan volume, use case and number of inquiries. Use cases cited include credit builders, BNPL for weddings and clean energy, salary advance loans, merchant advance and portfolio lines of credit. Zhang declined to disclose user counts or revenue growth but said Pier has more than a few years of runway. The company plans to invest the new capital into product development and building a team.

Total raised

$2M

Funding rounds

1

Latest round

Seed

Latest activity

Jan 2024