Noble, headquartered in Tel Aviv, has developed a no-code platform that lets businesses build, launch and scale credit-based products and services
Israel fintech Noble has emerged from stealth and launched with $18 million in series A of funding.
Noble, headquartered in Tel Aviv, has developed a no-code platform that lets businesses build, launch and scale credit-based products and services such as credit cards and buy now, pay later.
Global software investor Insight Partners led the series A funding round. Noble plans to use the funding to open a US office and expand its offerings.
Commenting on the funding and launch, Noble chief executive officer and co-founder Tomer Biger said: “We wanted to create the infrastructure I wish I had when I was building lending products. There are simply too many challenges that companies face when looking to build credit products including compliance, debt funding, and underwriting.”
“Noble’s mission is to remove these barriers and enable the inevitable movement of lending experiences from offline to online in the same way that payment processing platforms built the new payment rails that enabled the explosive growth in online payments witnessed over the past decade.”
Other participants in the funding round included Cross River Digital Ventures, Y-Combinator, Flexport Fund, TLV Partners, Operator Partners, Verissimo Ventures, Interplay Ventures, Plug and Play and the George Kaiser Family Foundation.