Lumos Technologies, an industry-disrupting data analytics company with a focus on small business credit risk announce the completion of a multimillion-dollar seed funding round.
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Lumos empowers actionable and ambitious outcomes using Advanced data analysis in our accessible, cloud-based Dock, SBA-informed, trustworthy, predictive models, and Supportive, agile data advisory and fractional CFO services.
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“The access to information has altered the landscape of small business lending,” said Chip Mahan, a serial entrepreneur and veteran in both the banking and technology industries. “Lumos has identified and captured a market opportunity for data insights and credit risk modeling with cutting-edge technology. I couldn’t be more excited to participate in this seed funding round for Lumos.”
“In a consumer-focused environment, financial institutions often lack access to products devoted to small business lending. Lumos is changing this,” said Brett Caines, co-founder and CEO of Lumos. “The market response to our small business origination and credit risk products has been overwhelmingly positive and receptive. This capital injection will further allow Lumos to deliver products and fulfill our mission to better support small businesses’ access to capital.”
About Lumos Technologies
Lumos empowers financial institutions to discover actionable insights through data. Our sophisticated platform equips you with informed visualizations and predictive models, so you can leverage the right data to build and strengthen your lending portfolio. With our guidance, lending institutions can confidently provide capital to underserved businesses. By revealing the full value of underleveraged data, we illuminate both institutions’ and small businesses’ paths toward sustainable growth.
