US EditionAI Lending Startup Pluto Financial Raises $8.6M to Unlock Illiquid Private Equity Capital
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Pluto, a New York-based fintech, has developed a secured loan platform on borrowers' alternative investments, with an initial capacity of several hundred million dollars.
Apollo backs AI private markets lending platform
Alternative investment managers, including Apollo Global Management, have backed an artificial intelligence-powered lending platform for private markets developed by Pluto Financial Technologies. Pluto said it has raised $8.6m (£6.4m) in seed funding from Apollo, Motive Ventures, Portage and Hamilton Lane to build the credit infrastructure and has secured hundreds of millions of dollars in lending […] The post Apollo backs AI private markets len…
AI lending startup Pluto Financial raises $8.6M to unlock illiquid private equity capital
A startup called Pluto Financial Technologies Inc. said today it has raised $8.6 million and secured hundreds of millions of dollars in lending capacity to help investors in private equity unlock the value held in these illiquid assets. The round was led by Motive Ventures and saw backing from Portage, Apollo Global Management, Hamilton Lane, […] The post AI lending startup Pluto Financial raises $8.6M to unlock illiquid private equity capital a…
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