Financial Technology Startup Secures $20 Million

Applied Data Finance (AFD) raised $20 million in financing from Redpoint Capital Group.

The company’s personal loan underwriting system draws on and analyzes a set of over 10,000 data points to “learn on itself” – meaning that the more loans ADF makes, the more precise they get, translating into lower risk and greater returns.

ADF will use the funding to continue to scale its successful Personify financial online lending platform.