Community Capital Technology
SaaS marketplace to streamline the purchase, sale and participation of loans between banks, 3rd-party originators and investors.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor | €0.0 | round |
| N/A | €0.0 | round | |
| N/A | €0.0 | round | |
| investor | €0.0 | round | |
| investor investor investor | €0.0 | round | |
| investor | €0.0 | round | |
* | N/A | $10.9m | Early VC |
| Total Funding | 000k | ||
| USD | 2021 | 2022 | 2023 |
|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 |
| % growth | - | 25 % | 44 % |
| EBITDA | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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Community Capital Technology Inc. operates a digital marketplace and business intelligence platform designed to streamline loan transactions. Founded in 2017 by Garrett Smith, the New York-based company aims to create a more efficient and transparent secondary market for loans. Smith, who serves as CEO, holds an MBA from INSEAD and a background in international business and finance, which informed the creation of a technology-driven solution for a traditionally fragmented market.
The firm caters to a diverse client base that includes regional and community banks, credit unions, and Community Development Financial Institutions (CDFIs). It also serves other originators and credit investors such as asset managers, family offices, and insurance companies. The business model revolves around a platform that connects these institutions, allowing them to buy, sell, and participate in loans directly without intermediaries. This peer-to-peer approach helps financial institutions manage liquidity, mitigate risk, and optimize their balance sheets.
The core offering is a secure, web-based platform that supports a variety of loan types, including commercial real estate, C&I, and student loans. Its features include proprietary deal sourcing, analytics for data-driven decision-making, and tools for managing transactions. By providing real-time access to a nationwide network of potential partners and opportunities, the platform enables members to find relevant deals that meet specific criteria. Recent strategic partnerships, such as one with Participate to integrate loan automation and servicing, have expanded the platform's capabilities to create a more holistic solution. The company has secured multiple rounds of funding, including a $10.9M Series A in January 2024, to fuel platform development and team expansion.
Keywords: loan marketplace, financial technology, balance sheet management, secondary loan market, loan participation, business intelligence, credit risk, liquidity solutions, debt capital, institutional investors