NEWS

August 5, 2025

Parlay Finance, a fintech startup focused on transforming the small business lending space with its Loan Intelligence System (LIS), closed a summer seed funding round to accelerate its growth and expand nationwide reach. The round was led by JAM FINTOP, a venture firm that invests in technologies supporting community banks and other mission-driven financial institutions.

Before this 2025 seed round, Parlay Finance raised a 2024 preseed round led by Fenway Summer with participation from additional Venture Capital funds and investors, including Hivers & Strivers (a venture group focused on military veteran-led startups) and Techstars. These early funds were instrumental in helping Parlay validate its LIS, build an MVP, and begin forming relationships with credit unions and community banks. This early support laid a strong foundation for Parlay’s momentum, ultimately setting the stage for their successful seed round and flagship enterprise clients that include one of America's top 10 SBA lenders.

Parlay is building tools that make small business and SBA lending faster, simpler, and more accessible, especially for community banks and credit unions that often face tech limitations. Its flagship solution, the Loan Intelligence System (LIS), streamlines key parts of the lending process through automation and AI.

What makes Parlay different?

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July 11, 2025

The North American Fintech Coalition (NAFC) is a single, unified nonprofit with a continental mission: to connect credit unions, community banks, fintech startups, and investors to drive innovation in financial services. But we know that innovation happens locally—and relationships start with people in your own community.

That’s why we created regional websites for different parts of the U.S. and Canada. These aren’t separate organizations. They are all part of NAFC: The same mission and same overall leadership, but with a local focus.

So what’s different? 

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