StreetShares Platform is a technology company.
StreetShares Platform has raised $23.0M across 4 funding rounds.
StreetShares Platform has raised $23.0M in total across 4 funding rounds.
StreetShares Platform is a Lending-as-a-Service (LaaS) technology from StreetShares, Inc., a financial technology company that provides digital small business lending software to community banks, credit unions, and non-financial organizations[1][3][4][6]. It enables these institutions to deliver fully digital, omnichannel small business loans—from customer acquisition and instant approvals to 24-hour funding and servicing—deployable in 30-45 days without core system integration[3][4]. Originally focused on veteran-owned businesses, the platform solves the challenge of affordable, high-quality small business lending amid post-2008 bank retrenchment, using data-driven underwriting for superior risk assessment and customer experience[1][4][7]. Its growth includes awards like "Best in Show" at industry conferences and recognition for the team's innovation[4].
StreetShares was founded in December 2013 (with some sources noting 2014 launch) by Mark L. Rockefeller, Mickey Konson, and Ben Shiflet—all with military veteran and banking backgrounds—in Reston, Virginia[1][2][4][7]. The idea emerged to address credit gaps for over a million veteran-run small businesses after the 2008 financial crisis tightened bank lending; they started as an affinity-based peer-to-peer lending marketplace connecting veteran owners with investors via a mobile auction model[1][2][7]. Early traction came fast: a $1.2 million seed round in 2014 from investors like ACCION International and Capital One alumni, SEC approval in 2016 for the first public social impact product under Regulation A+, and a 2017 pilot win over competitors like Kabbage for a military bank[1][7]. By June 2019, it pivoted to the StreetShares Platform (later Atlas Platform™), a Banking-as-a-Service (BaaS) tool for community lenders, marking its evolution from direct lender to SaaS provider[1][3][4][5].
StreetShares Platform rides the fintech democratization wave, enabling smaller community banks and credit unions—overlooked in small business lending post-2008—to compete via affordable SaaS amid rising demand for digital-native finance[1][4][7]. Timing aligns with regulatory shifts like the JOBS Act and Banking-as-a-Service growth, fueled by market forces such as non-bank lenders' rise (e.g., Kabbage) and small businesses' need for fast credit, especially veterans comprising millions of underserved owners[1][7]. It influences the ecosystem by empowering 100+ community institutions to expand lending portfolios efficiently, bridging traditional banking with fintech speed and reducing reliance on big-tech platforms[3][4].
StreetShares Platform, now poised for expansion post-MeridianLink's announced acquisition, will likely integrate into larger loan origination ecosystems, accelerating its reach to more banks via enhanced distribution[4]. Trends like AI-driven underwriting and embedded finance will shape its path, potentially evolving LaaS into full small business banking suites amid $1T+ U.S. SMB credit markets. Its veteran roots and quick-deploy model position it to deepen ecosystem impact, scaling from niche innovator to mainstream enabler of community-driven fintech lending.
StreetShares Platform has raised $23.0M in total across 4 funding rounds.
StreetShares Platform's investors include Cultiv8 Funds Management, Fenway Summer.
StreetShares Platform has raised $23.0M across 4 funding rounds. Most recently, it raised $10.0M Venture Round in October 2020.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Oct 1, 2020 | $10.0M Venture Round | Cultiv8 Funds Management | |
| Mar 1, 2020 | $5.0M Venture Round | Cultiv8 Funds Management | |
| Jan 1, 2016 | $5.0M Series A | Fenway Summer | |
| Jun 1, 2015 | $3.0M Seed | Fenway Summer |