Fundz

Mission Lane Completes Inaugural $320 Million Abs Transaction And Raises $150M In Redeemable Preferred Equity

PRIVATEOct 26, 2021

Round Type

Venture

RichmondOtherFinancial ServicesSoftwareData And Analytics

Description

Mission Lane, a purpose-driven financial technology company, today announced the closing of its debut asset backed securitization and of $150 million in redeemable preferred equity in a series led by funds managed by Oaktree Capital Management, L.P. (“Oaktree”), an existing investor in the company, and joined by Invus, QED Investors, and LL Funds.

Quick answer

Mission Lane raised an undisclosed amount in a funding round, dated October 26, 2021. Mission Lane is based in Richmond, California, United States.

How much did Mission Lane raise?
Mission Lane raised an undisclosed amount in a funding round on October 26, 2021.
What does Mission Lane do?
Mission Lane is a purpose-driven financial services company that leverages advanced technology, data analytics, and machine learning to provide a dignified customer experience to people who are working hard to build or..
Where is Mission Lane based and how big is it?
Mission Lane is based in Richmond, California, United States.
Who are the decision-makers at Mission Lane?
Fundz holds 1 contact at Mission Lane. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Financial Services and Data And Analytics around the same time

Companies in the same sectors as Mission Lane that raised within 45 days of this round, from Fundz verified event records.

  • Wispr AI raised $4.6M (Seed) on November 30, 2021.
  • National Multiple Sclerosis Society raised $15M (Series B) on November 22, 2021.
  • Intelligo raised $22M on November 15, 2021.
  • FairPlay raised $4.5M (Seed) on November 15, 2021.
  • Yellowbrick Data raised $75M (Series C) on November 3, 2021.
  • Skyflow raised $45M (Series B) on October 19, 2021.

Who to call at Mission Lane, and when

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Company Information

Company

Mission Lane

Location

Richmond, California, United States

About

Mission Lane is a purpose-driven financial services company that leverages advanced technology, data analytics, and machine learning to provide a dignified customer experience to people who are working hard to build or rebuild their credit and improve their financial lives. Mission Lane's credit cards have terms that are better and easier to understand than most of the alternatives available to people with less-than-pristine credit or limited credit history. The company's digital self-service tools also make it easier for customers to stay on top of their accounts, further helping them succeed in improving their credit scores. To date, the company has issued over a million of their best-in-class, mobile-first credit cards, earning top customer ratings on CreditKarma for their market segment. Mission Lane was established as a standalone company in December 2018. It had previously operated as the credit card division of LendUp.

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Mission Lane raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.