Tech Company Financing Transactions
Altro Funding Round
Altro closed a $2.5 million Seed investment round on 12/23/2020. Backers included Citi Ventures, Concrete Rose Capital and Marcy Venture Partners.
Transaction Overview
Company Name
Announced On
12/23/2020
Transaction Type
Venture Equity
Amount
$2,500,000
Round
Seed
Investors
Proceeds Purpose
The company intends to use the funds to continue to expand its reach.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
1001 Wilshire Blvd.
Los Angeles, CA 90017
USA
Los Angeles, CA 90017
USA
Phone
Website
Email Address
Overview
Altro (formerly known as Perch Credit) allows users to log their recurring payments--such as subscriptions or rent--as credit history to improve their credit scores immediately. We want to provide an escape from the catch-22 of credit building. We knew that there were indicators other than credit card and loan payments that could be tracked to provide an assessment of creditworthiness.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Michael Broughton
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Where The Data Comes From
We do our best to document every notable VC transaction. All VC database entries reported here are sourced from publicly available VC deal announcements. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.
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