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[NEW YORK, NY, Mar 11, 2024] – Leading financial services technology provider, Setpoint, is proud to announce its recent approval by Fundrise to serve as the preferred Diligence, Calculation, and Paying Agent on one of its credit facilities. This significant milestone represents a strategic collaboration between two financial technology companies that are committed to transforming the asset-backed lending industry. As the Third-Party Agent on this warehouse facility, Setpoint continues to demonstrate its commitment to delivering robust capital markets solutions to both the largest originators and leading financial institutions.
“We’ve been impressed with the quality and responsiveness of the team” shares Fundrise. “Their ability to certify calculations within the hour ensures that we are able to access financing quickly. With Setpoint, we are able to seamlessly manage valuations fulfillment, collateral diligence, borrowing request / monthly payment request certification and payment disbursements all with one service provider and on one platform. We look forward to growing our partnership.”
Setpoint and Fundrise will continue to strengthen its partnership as origination opportunities and financing needs arise. Timely access to financing is critical to managing capital costs and as Setpoint CEO and Co-Founder, Stuart Wall, shares, “Setpoint exists to provide high caliber ABL services to borrower and lenders that participate in the credit system. Our fast, accurate and efficient third-party services increase liquidity and accelerate operations. We are excited to grow our impact in this space across asset categories.”
About Setpoint
Setpoint is technology infrastructure for asset-based lending. Founded in 2021, Setpoint’s capital and technology platform enables real-estate, auto, consumer, and other asset-backed borrowers to offer next-generation credit options to consumers. Setpoint is the foundation and platform that helps originators and lenders do their best work. To learn more, please visit setpoint.io.
About Fundrise
With more than 2 million users, Fundrise is the largest direct-to-investor alternative asset manager in the country. For 10+ years, our mission has been to use technology to build a better financial system for the individual. We build software that enables us to develop and deliver investments designed to give our clients a performance edge in any economic environment. Our $2.8+ billion in assets under management include investment vehicles focused on real estate private equity, private credit, and growth equity. You can learn more about Fundrise at Fundrise.com.