NEW YORK — Prism Data, a company that analyzes credit worthiness based on cashflow, has raised a $20 million Series A round led by Story Ventures, with participation from FINTOP, Core VC, Obvious Ventures, 1st & Main Growth Partners, and Mana Ventures. Prism has now raised more than $25 million to date.
Prism says it works with three of the five largest fintech lenders in the United States and six of the ten largest digital banks. Prism’s technology is distributed through leading financial data and credit infrastructure providers like Equifax, Plaid, and LexisNexis. The company is also working with several of the country’s largest traditional banks to implement cash flow underwriting for millions more consumers and small businesses.
Prism Data translates raw deposit data into actionable insights and scores, powering cash flow underwriting, fraud detection, income verification, and more.
The company was founded in 2016.
