## Axios Exclusive: Lending tech provider Ned raises $4.2M

##### Abstract from Axios

_Ned, a startup providing infrastructure to small-business lenders, has raised $4.2_

_million in seed funding, CEO Dave Silverstein tells Axios exclusively._

_Why it matters: Private credit and direct lending have become popular options to fill a_

_financing gap for SMEs._

_How it works: Ned helps non-bank lenders — primarily non-profits lending to small_

_businesses — make financing decisions based on borrowers' revenue and cash flow data._

_Its white-label origination platform handles top-of-the-funnel data collection through_

_open banking APIs and provides lenders with cash flow underwriting and loan-sizing_

_capabilities…_

_"We want to show business performance from the moment an applicant comes in_

_through a lender's front door to the moment they've finalized their repayment to the_

_lender," Silverstein says._

[_🔗 Read the full article on Axios_](https://www.axios.com/pro/fintech-deals/2024/10/22/lending-tech-provider-ned-4-million)

Published

October 22nd, 2024

## Latest blog posts

Stay updated on lending trends, smart strategies, and how to build better capital products with Ned.

### Lending Avenue Case Study: Shaper Lending Decisions, Backed By Real-Time Cash Flow

\
[Link](/content/blog/lending-avenue-case-study-shaper-lending-decisions-backed-by-real-time-cash-flow/index.html)\
_July 24th, 2026_

### Greater Jamaica Development Corporation Case Study: Faster Answers, Stronger Lending Decisions

\
[Link](/content/blog/greater-jamaica-development-corporation-case-study-the-lender-that-gets-to-no-faster-so-it-can-get-to-yes-with-confidence/index.html)\
_July 24th, 2026_

### AltCap Case Study: Give borrowers visibility. Supercharge repayment cycles.

\
[Link](/content/blog/give-borrowers-visibility-supercharge-repayment-cycles/index.html)\
_July 24th, 2026_

## Infrastructure for cash flow driven lending