Our website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.
Home Finance Core10 Secures $6.5 Million in Series B Funding Round3

Core10 Secures $6.5 Million in Series B Funding Round3

by uma
0 comment

 

New capital investment to further Accrue digital account opening and lending platform development, strengthening financial technology services

 

FRANKLIN, Tenn., Jan. 19, 2023 – Core10, Inc. (Core10), a U.S.-based financial technology company that provides lending and account opening products, as well as software development services, today announced the close of a $6.5 million Series B funding round to support the expansion of its Accrue platform and banking integration services. The capital round brings the company’s total funding to $12.5 million and is led by Patriot Financial Partners, with participation from JAM FINTOP and the Independent Community Bankers of America (ICBA).

Operating exclusively in the fintech and financial services industry, Core10 provides banking technology integration services, as well as banking and lending products. This latest funding round enables Core10 to scale the development growth of the Accrue platform and business unit and strengthen the company’s banking technology and integration services line of business.  

Accrue provides digital account opening, digital lending, and core/fintech connectivity to accelerate community banks’ digital transformation strategies. An alumnus of the 2022 ICBA ThinkTECH Accelerator program, Accrue is an OEM Salesforce Partner and delivers a highly-configurable and scalable solution built specifically for community financial institutions. 

“Accrue offers an efficient and affordable pathway for community banks responding to growing demand for digital experiences that deliver convenience and speed,” ICBA Executive Vice President and Chief Innovation Officer Charles Potts said. “We believe Core10 is at the forefront of technology companies that are fueling the success of community banks’ digital transformation strategies and are pleased to be part of their innovation journey.


“While many banks may not think they have the time or resources to elevate their digital experience, Accrue offers an efficient, affordable way to implement cutting-edge technology. We aim to proactively accelerate banking innovation, and we believe Core10 is at the forefront of technology companies that are fueling the success of community banks’ digital transformation strategies,” Potts said.

In addition to Accrue, Core10 also has a deep background in banking technology integration and implementation services. Core10’s API integration experts provide community financial institutions and fintechs with subscription and project-based integration solutions to eliminate backlogs, reduce staffing costs and support business growth opportunities. Core10 pioneered the Hereshore® model with an entirely North American-based team located in communities across the United States and Canada, which enables the company to maintain competitive servicing costs and stronger security measures.

“We are incredibly grateful for the opportunity to partner with the strategic, forward-looking investors of Patriot Financial Partners, JAM FINTOP and ICBA,” said Jeff Hanson, CEO of Core10. “Each of these partners recognizes and shares our commitment to helping community banks unleash their market potential and achieve their digital innovation goals. Accrue allows us to deliver on the services that community FI’s are looking to offer to their customers and members. Not only does Accrue support much of the digital commercial and retail banking experiences, but it also enables a community FI to remain relevant and competitive. Core10 is excited to see how this investment will help sustain and strengthen our growth throughout 2023 and years to come.”

 

 

You may also like