New Israeli fintech startup Noble emerges from stealth with $18 million in funding round led by Insight Partners.
Other investors in this round include Cross River Digital Ventures, Y-Combinator, Flexport Fund, TLV Partners, Operator Partners, Verissimo Ventures, Interplayventures, Plug and Play and George Kaiser Family Foundation.
Founded in 2021 and based in Tel Aviv, Noble provides the infrastructure for businesses to build, launch and grow their credit products, allowing businesses to manage credit cards, line of credit allocation, buy now and later. Helps assess a customer’s creditworthiness for use cases such as paying with (BNPL) offerings.
Noble plans to use the new funding to hire new team members and support product development.
While most of the business world has moved online, credit solutions remain cumbersome and complex, says the startup.
Noble is reimagining the design of its credit solutions to make getting started as easy as any other modern digital service.
Noble isn’t the only company helping businesses build their own credit products. Many startups around the world, including US-based Stilt, fellow Israeli startup Unit, and Swedish banking giant SEB’s own startup SEBx, are all allowing companies to build their own banking and credit products. . on infrastructure.