What is FormFree?
FormFree is a market-leading fintech company renowned for its revolutionary products, AccountChek® and Passport®. These offerings empower lenders to achieve more inclusive credit decisioning by providing a clear understanding of borrowers' true ability to pay (ATP®). To date, FormFree's patented verification reports have been utilized by thousands of U.S. lenders and brokers, representing trillions of dollars in loan verifications. The company is committed to enhancing the borrower and lender experience through a paperless process, significantly reducing origination timelines, and delivering automated analysis and standardized data via its secure ReissueKey® platform.
How much funding has FormFree raised?
FormFree has raised a total of $1.9M across 3 funding rounds:
Private Equity
$600K
Debt
$1M
Debt
$350K
Private Equity (2014): $600K, investors not publicly disclosed
Debt (2017): $1M, investors not publicly disclosed
Debt (2020): $350K supported by PPP
Key Investors in FormFree
PPP
Public-Private Partnership
What's next for FormFree?
With the infusion of major strategic investment and a robust history of enterprise-level capital, FormFree is well-positioned for accelerated growth and market expansion. The company's focus on enhancing credit decisioning through innovative verification technologies aligns with the increasing demand for faster, more inclusive lending practices. Future developments are likely to center on further refining its product suite, expanding its reach within the financial services sector, and potentially exploring new applications for its patented verification methodologies. The company's trajectory suggests a continued emphasis on leveraging technology to bridge the gap between lenders and borrowers, fostering greater financial accessibility.
See full FormFree company page
