🚀 Heading to Austin next week for Information Management Network (IMN)'s HEI & Home Equity Capital Markets Forum? Let’s connect! Our leadership team will be there and would love to meet: 🔹 Ben Rubenstein, Co-Founder & President 🔹 Brent Taggart, Managing Principal 🔹 Bart Steenbergen, SVP of Capital Solutions & Head of Capital Markets 📅 Fill out your info here to find a time: https://lnkd.in/eCmXGYBm We’ll be at the Corinne Restaurant in the Austin Marriott Downtown. Looking forward to seeing you there!
Setpoint
Software Development
Austin, New York 9,785 followers
Setpoint is building trust in our credit system.
About us
Infrastructure for the future of asset-based lending. Our platform unlocks speed, efficiency and accuracy for borrowers and lenders. Over $18 billion transactions are processed annually on Setpoint across ABS and ABL markets.
- Website
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http://setpoint.io
External link for Setpoint
- Industry
- Software Development
- Company size
- 51-200 employees
- Headquarters
- Austin, New York
- Type
- Privately Held
- Founded
- 2021
Locations
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Primary
Austin, New York 78745, US
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New York, NY 10003, US
Employees at Setpoint
Updates
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Last night, Setpoint, J.P. Morgan, and LiveOak Ventures hosted “Capital Conversations” at the iconic Franklin Barbecue in Austin. Over 100 capital market leaders, prop-tech founders, and executives came together for a night of amazing BBQ and conversations. Our panel—Ben Rubenstein [Co-Founder & President, Setpoint], Krishna Srinivasan [Founding Partner, LiveOak Ventures], Alastair Ojeda [Executive Director, J.P. Morgan], Tim Heyl [CEO & Founder, Homeward] and Joshua Ernst [CEO, Backflip]—spoke candidly about the perseverance it takes to navigate market challenges and the importance of building resilient partnerships. Their stories were a reminder of the strength and determination that drive success. Thank you to everyone who joined us last night! If you'd like to be part of our next event, just share your info here: https://lnkd.in/eUHaD6pq
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Jeff Flynn, Jack Benedict, Patrick Brett, and Cyrus Johannes from Citi Ventures published their Setpoint investment thesis: “Investing in Setpoint to Streamline Capital Market Workflows” here: https://lnkd.in/e-dbRZY4 "As one of the largest players in asset-based lending, Citi is excited to leverage Setpoint’s technology and services. Setpoint is connecting lenders like Citi and originators like many of Citi’s clients in a modern way, improving market efficiency and client experience. Given our conviction that Setpoint has built the right solution at the right time, along with the company’s ability to scale significantly and its veteran founding team with a strong history of growing startups to successful exits, we’re thrilled to announce our investment in Setpoint’s Series B round." Citi Ventures invested in the $31 Million Setpoint Series B alongside lead investor 645 Ventures, Wells Fargo, Andreessen Horowitz, NextView Ventures, Floating Point, Henry Kravis, Zillow founder’s 75 & Sunny, Vesta Ventures, Fifth Wall, Eltura Capital Management, Outrunner Capital, and others. Read the full thesis & in comments below: https://lnkd.in/e-dbRZY4
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The Data Tapes: August Edition II – Key Moves in ABS and Debt Markets is Now Live. Explore the latest highlights in private credit and ABS markets, featuring: 🔹 Channel | Your Partner in Funding closed a $125M ABS issuance. 🔹 Commercial Credit Group Inc. completed a $458.7M ABS transaction. 🔹 DLL issued $750M in notes backed by asset loans and leases. 🔹 Kiavi closed a $400M RTL securitization 🔹 Lendbuzz secured a $400M forward flow program 🔹 Voltera secured a $100M debt facility for charging infrastructure 🔹 Pagaya partnered with Castlelake to purchase up to $1B in consumer loans 🔹 PayZen closed a $200M warehouse facility and a $32M Series B 🔹 Triad Financial Services, Inc. partnered with Monroe Capital LLC On. $300M loan origination deal 🔹Onity Group Inc. partnered with Waterfall Asset Management LLC to acquire reverse mortgage assets 🔹 United Leasing & Finance closed a $125M revolving credit facility 🔹 and more updates... Plus insights from Christopher Santana, Kevin Gallagher and Michael Gross on private credit trends Check it out here and in the comments below: https://lnkd.in/eeGwCCw2
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🚀 Announcing our $31 Million Series B 🚀 Technology has made getting a loan easier – think of leasing a car online or getting a student loan. What’s less understood is what happens next: originators and capital providers manage relationships over email, Excel and FTP folders. These operational processes create risk for capital providers, inefficiency for originators and limit access to borrowers. Setpoint is a tech company on a mission to change this. We’re thrilled to have 645 Ventures lead the round, with significant strategic investments from Citi and Wells Fargo, and participation from Andreessen Horowitz, NextView Ventures, Floating Point, Henry Kravis, Zillow founder’s 75 & Sunny, Vesta Ventures, Fifth Wall, Eltura Capital Management, and Outrunner Capital. The continued support from our investors highlights the universal need for debt management across all industries and company sizes. We believe that trust and credit are the foundation of society. We’re just beginning to build an enduring product and company that will redefine how technology can build trust in credit. Thank you to our customers, investors and partners for joining us on this journey. Read more about it from our CEO Stuart Wall here & in the comments below: https://lnkd.in/eKggfe-y #SeriesB #Fintech #CapitalMarkets #Assetbasedlending
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When Setpoint began, our mission was clear: to build trust in our system of credit. Today, we’re excited to share a major milestone in that journey—raising $31 million in Series B funding, bringing our total to $76 million. Led by 645 Ventures, with strategic investments from Citi, Wells Fargo, and Andreessen Horowitz, along with support from NextView Ventures, Floating Point, Henry Kravis, Zillow founder’s 75 & Sunny, Vesta Ventures, Fifth Wall, Eltura Capital Management, and Outrunner Capital. This funding will fuel our continued innovation in asset-backed finance. Capital providers and issuers trust Setpoint to make transactions instant, error-free, and effortless. With 6x year-over-year growth since our last round, we’ll keep investing in our customers and technology. Trust and credit are the foundation of society. We’re just beginning to build a lasting product that will redefine how technology strengthens both. Thank you to our customers and partners for being part of this journey. Read the full story on Fortune: https://lnkd.in/eUQwgJQb
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The 3rd edition of The Data Tapes just dropped. Stay informed on the latest trends in private credit and ABS markets with our bi-monthly updates. Dive into debt financings, platform fundraises, data & charts, market commentary, and the latest from Setpoint. Check it out and subscribe: https://lnkd.in/eEuquuEj
The Data Tapes
setpoint.beehiiv.com
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🚀 Setpoint Feature Spotlight: Automated Borrower Report Approvals Borrower report approval processes can often involve entire teams manually auditing borrowing base reports in a tedious “stare and compare” approach. Sifting through Excel spreadsheets and navigating email chains can be time-consuming and error-prone. Setpoint’s Capital OS technology transforms this process by automating borrower report approvals. This enables lenders to deploy capital faster and helps borrowers receive funding faster. 👉🏻 Check out the latest at What's New at Setpoint: https://lnkd.in/gHVFCpZp
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🚀 Exciting News from Setpoint! 🚀 We're thrilled to announce that we facilitated diligence for NYMT 2024-BPL2 $209M Residential Transition Loan (RTL) securitization. This is our first rated RTL transaction and one of the earliest ever, rated by Morningstar DBRS. This achievement highlights our rigorous diligence and technological excellence, ensuring the accuracy and reliability of every securitization we undertake. Read the full press release here: https://lnkd.in/eWB83HRj
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Exciting news - we've just released the 2nd July edition of "The Data Tapes." The go-to newsletter for the latest in private credit and ABS is now bi-monthly, thanks to popular demand. 🗞 Stay updated with bite-sized coverage of debt financings, platform fundraises, data & charts, market commentary, and occasional updates from Setpoint. 👀 Read the latest edition here:
The Data Tapes
setpoint.beehiiv.com