Curbio, a pay-at-closing home improvement product for real estate agents, brokerages and their listing clients, has closed a $25m credit facility.
According to FinSMEs, Maryland-based Curbio also secured a new banking relationship with Cambridge Facility. Following a $65m Series B back in February, the company has raised a total of $90m over 2022.
Curbio partners exclusively with real estate agents and their clients to get any home ready for the market, allowing it to sell faster and for as much money as possible.
Using its technology to power its service, Curbio completes pre-listing home improvements of any size quickly from start to finish, with zero payment due until the home sells.
Cambridge Trust will join Revolution Growth, Camber Creek, Comcast Ventures, Brick & Mortar Ventures, Kayne Partners, Masco Ventures and Second Century Ventures as investors.
Curbio intends to use the funds to expand into new markets, further develop its technology and support growth, which is anticipated to exceed $100m in 2023.
BankiFi, a provider of embedded banking solutions for SMEs, has raised $4.8m for global expansion in North America.
The funding round was led by Praetura Ventures, who claim their mission is to help firms reach their potential with both monetary and operational support.
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