This post is part of our live coverage of FinovateSpring 2015.
Dealstruck launched a portal that helps borrowers manage their line of credit:
Dealstruck is debuting its new Line of Credit Borrower Portal, which allows its borrowers to seamlessly manage their revolving credit with Dealstruck. Borrowers can see their current balance and amount available for draw, update their borrowing base by linking their QuickBooks-based invoices, reconcile check payments that have been received to pay down the outstanding balance, and make other adjustments to their accounts.
Presenters: Ethan Senturia, CEO and co-founder; Russell McLoughlin, CTO and co-founder
Product Launch: May 2015 at FinovateSpring 2015
Metrics: Dealstruck has a team of 40 and has lent $50M. Dealstruck raised a total of $4.5M seed round in 2013 and $8.5M in a Series A round March 2015, led by Trinity Ventures.
Product distribution strategy: Direct to Business (B2B)
HQ: Carlsbad, California
Founded: June 2012