Worth Secures $25M in TTV Capital-Led Funding to Accelerate Onboarding Automation

Worth Secures $25M in TTV Capital-Led Funding to Accelerate Onboarding Automation

Worth, a leading FinTech company specializing in onboarding and underwriting workflow automation, has successfully raised $25 million in a recent funding round. This investment, spearheaded by TTV Capital, marks a significant milestone for the company as it seeks to enhance its innovative solutions for financial institutions.

Funding Round Details

The funding round witnessed participation from notable investors, including:

  • Silicon Valley Bank
  • Ingeborg
  • Florida Funders
  • Deep Work Capital
  • Florida Opportunity Fund

Innovative AI-Powered Solutions

Worth’s platform offers AI-driven workflow automation that empowers enterprises to:

  • Streamline their onboarding processes
  • Enhance underwriting efficiency
  • Leverage a proprietary database of over 242 million small businesses
  • Analyze more than 1,100 data points in real-time

This advanced technology facilitates instant verification, automated compliance, and centralized case management, making it an essential tool for financial institutions, banks, and lenders.

Plans for Expansion

With the newly acquired funding, Worth aims to:

  • Accelerate its expansion efforts
  • Enhance its AI technology
  • Scale services to accommodate large enterprise clients

Leadership Insights

Sal Rehmetullah, CEO and co-founder of Worth, stated, “In an increasingly complex financial landscape, our solutions give enterprises the ability to innovate, increase efficiency, and stay ahead of their competition. This will only expand and improve with the support from TTV Capital and other investors.”

Suneera Madhani, also a co-founder and CEO, expressed her enthusiasm: “The financial industry is at a turning point, and we couldn’t be more excited to drive meaningful change. Financial institutions need smarter, faster solutions to remain competitive, and Worth is bridging the gap with workflow automation that eliminates inefficiencies and accelerates decision-making.”

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As Worth continues to grow, it is positioning itself as a leading platform for underwriting and onboarding within the financial sector, backed by top-tier fintech investors.

Conclusion

This funding round not only highlights the trust and confidence investors have in Worth but also underscores the increasing demand for automation in the financial services industry. With ongoing developments and innovations, Worth is well on its way to becoming a pivotal player in the FinTech landscape.

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