Loan platform Salient completes US$60 million in Series A financing, led by a16z

Crypto 7x24

2025-07-29 16:19:21

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According to online reports, loan platform Salient completed a US$60 million Series A financing, with a16z leading the investment and Matrix Partners, Michael Ovitz and Y Combinator participating. The funds raised will be used to improve its AI capabilities, strengthen compliance functions and open up new markets. Salient uses generative artificial intelligence to automate tasks including collection, customer service and compliance monitoring.

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