TThrive Financial provides point-of-sale financing for home improvements by linking merchants, consumers, and lenders. Its platform embeds white-labeled loan products into merchants' systems; customers apply via a paperless mobile app with credit lines up to $100,000, while Thrive handles loan origination and servicing through API integrations with partner banks. It differentiates itself by offering merchants analytics and marketing tools, aiming for high approval rates across a broad credit spectrum to close more deals. Its goal is to grow an embedded-finance ecosystem, expand merchant adoption, and increase consumer access to financing for home projects, supported by large funding facilities from Macquarie and TPG.
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Industries
Company Size
11-50
Company Stage
Series A
Total Funding
$7M
Headquarters
Richmond, VA
Founded
2023
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Total Funding
$7M
Below
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Funded Over
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Thrive Financial, a Virginia-based technology platform for home improvement financing, has completed its Series A funding round. The investment was led by Flintlock Capital, with participation from 1st & Main Growth Partners and Citi SPRINT. The funding will support product innovation, strategic partnerships, technology platform enhancement, and market expansion. Thrive connects homeowners, contractors, lenders, and financial institutions through its financing solutions. "We're proud to partner with investors who not only recognise the tremendous opportunity in the home improvement sector but also share our belief that homeowners deserve a simpler, more transparent financial experience," said Jasjeev Sawhney, founder and CEO of Thrive Financial. The investors will serve as strategic partners, helping expand Thrive's presence within the financial ecosystem and accelerating opportunities across the home improvement market.
Thrive Financial, a Virginia-based technology platform for home improvement financing, has completed its Series A funding round. The investment was led by Flintlock Capital, with participation from 1st & Main Growth Partners and Citi SPRINT. The funding will support product innovation, strategic partnerships, technology platform enhancement, and market expansion. Thrive connects homeowners, contractors, lenders, and financial institutions through its financing solutions. "We're proud to partner with investors who not only recognise the tremendous opportunity in the home improvement sector but also share our belief that homeowners deserve a simpler, more transparent financial experience," said Jasjeev Sawhney, founder and chief executive officer of Thrive Financial. The investors will help expand Thrive's presence within the financial ecosystem and accelerate opportunities across the home improvement market.
Thrive Financial, a Richmond-based loan servicing startup for home improvement projects, has closed a $7 million funding round led by Flintlock Capital. Participants included Citi, 1st & Main Growth Partners and Premier Pools & Spas. Founded in 2023 by Ryan Cannon and Jasjeev Sawhney, Thrive connects homeowners with lenders to finance projects like pool installations and HVAC work. The platform has 850 active contractors and has originated roughly 1,300 loans totalling $118 million since launch. The company, which has raised $15 million to $18 million in total venture capital, will use approximately $5 million for capitalisation and $2 million for expanding engineering, sales and customer service teams. Thrive currently employs nearly 50 people and expects to reach profitability later this year.
Thrive Financial upsizes financing facility with Macquarie, boosting capital to scale home improvement lending.
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Industries
Company Size
11-50
Company Stage
Series A
Total Funding
$7M
Headquarters
Richmond, VA
Founded
2023
Find jobs on Simplify and start your career today
We update Thrive Financial's jobs every few hours, so check again soon!Browse all jobs