FreeDecision
Instant credit solutions to financial institutions and merchants.
| Date | Investors | Amount | Round |
|---|---|---|---|
$4.5m | Series B | ||
| Total Funding | 000k | ||
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FreeDecision, founded in 1999, operated in the consumer finance technology sector, providing a web-based platform for instant credit decisions.
The company's core product was its Instant Financing Solution. This system enabled both individual consumers and small businesses to apply for loans or other credit facilities online and receive an immediate on-the-spot determination of their application status.
The business model centered on facilitating rapid financing approvals, serving a client base that included shoppers, retail merchants, and financial institutions. By streamlining the application and approval process, FreeDecision aimed to reduce the friction in point-of-sale financing and other credit-dependent transactions. The company was headquartered in New York, NY.
On August 24, 2000, FreeDecision secured $4.5 million in a Series B venture capital round. The investment was made by firms including 63 Moons Technologies, Grand Central Holdings, and Woodhaven Venture Investors. The company was later acquired by Crosslinks Systems.
Keywords: consumer finance, credit decisioning, instant financing, online lending, fintech, point-of-sale finance, loan application, credit approval, financial technology, small business lending, merchant financing, credit services, B2B fintech, retail finance, consumer credit, venture capital, acquisition, Crosslinks Systems, 63 Moons Technologies, Grand Central Holdings, Woodhaven Venture Investors