Stilt, which started its life as a provider of financial services for immigrants, has raised $14 million in Series A funding led by Link Ventures as it expands its focus to include a B2B offering.
In addition to the equity raise, the San Francisco-based fintech said it has also closed on a new $100 million debt facility for lending to its loan customers, bringing its total raised to $375 million in equity and debt financing since its 2015 inception.
The capital raises coincide with the company’s launch of Onbo, which it describes as a “credit-as-a-service” product “that allows any business to build and offer a credit product, without needing a bank sponsor in the background.” It also comes on the heels of a 4x increase in annual recurring revenue in 2021, the company said, although it declined to r …
