PactFi, a NYC-based provider of an end-to-end operational platform for private credit, has raised $25 million in a Series A funding round led by 7RIDGE Ecosystem Impact Fund.
The round also saw participation from Vestigo Ventures.
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The company plans to use the funds for:
- Product Expansion: Extend workflow coverage beyond deal close to cover the full asset lifecycle including post close servicing and secondary transfers. These improvements will enhance PactFi’s system of record capabilities and bring more counterparties into a shared operating model.
- Accelerated Go To Market Growth: Strengthen industry relationships and increase adoption among existing counterparties and service providers, including administrative agents. As more firms operate in the shared environment, PactFi solidifies its role as a collaborative infrastructure for the ecosystem.
- Continued R&D and AI Integration: Embed AI directly into credit specific workflows within PactFi’s core system reducing manual work and operational risk while improving execution efficiency at scale. Automation will happen within the execution layer rather than through separate point solutions.
- Team Expansion: Grow product, engineering, and client-facing teams to support ongoing innovation, onboarding, and ecosystem growth. (The company is actively hiring across these areas.)
PactFi is the only secure, end-to-end operational platform for private credit. Founded by industry experts who saw how disconnected tools created risk, and inefficiency, the platform offers shared workflows for all counterparties structures data across the private credit lifecycle, and enables straight through processing with centralized visibility.
In this way, PactFi acts as a system-of-record for private credit, bringing together workflows, data, and controls into a single platform that grows with the firms it supports.
The U.S. private credit market has nearly tripled over the past decade, growing from about $550 billion in 2016 to around $1.7 trillion in 2026, and is expected to reach $3.5 trillion by 2028. As the market grows, operational complexity has increased, yet many firms still rely on fragmented systems, emails, and spreadsheets to manage critical workflows.
As institutional involvement in private credit grows, operational reliability and auditability are becoming as important as performance. PactFi’s ISO 27001 certification and SOC 2 Type II attestation demonstrate its commitment to enterprise-level security and governance.
“Private credit is still slowed by fragmented, manual processes that add friction and risk,” said Carsten Kengeter, CEO of 7RIDGE. “PactFi is reshaping this infrastructure by building a network that syndicates loans, automates workflows, and provides institutional-quality data, analytics, and reporting. We view PactFi as a key platform for the next stage of growth in private markets.”
“We’re growing alongside our clients and the private credit market,” said Emma Zhang, Founder and CEO of PactFi. “As transactions and coordination become more complex, firms need systems that improve control without slowing execution.
“When we see strong market momentum and capable leadership, we’re eager to support growth,” said Mark Casady, Founder and General Partner at Vestigo Ventures. “PactFi is leading the way in providing the operational foundation that helps private credit firms reduce risk and improve productivity—skills that grow more important as the market expands.”
About PactFi
Founded in 2021, PactFi is a secure, end-to-end platform for managing and servicing private credit transactions. It modernizes operations by replacing emails and spreadsheets with shared workflows, structured data, and real time coordination among all participants. PactFi has handled over $300 billion in deals with more than 250 counterparties and 3,000 fund entities. The platform is used by eight of the top 20 credit asset managers, representing over $3.4 trillion in combined assets under management.
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