What is FormFree?
FormFree is a market-leading fintech company recognized for its revolutionary products, AccountChek® and Passport®. These offerings empower lenders to achieve more inclusive credit decisioning by accurately understanding a consumer's ability to pay (ATP®). The company's patented verification reports have been utilized by thousands of U.S. lenders and brokers, representing trillions of dollars in loan verifications. FormFree enhances the borrower and lender experience through a paperless process, significantly reducing origination timelines and providing automated analysis and standardized data delivery 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 its recent major strategic investment and a history of significant capital raises, FormFree is well-positioned for accelerated growth and market expansion. The company's focus on enhancing credit decisioning through innovative data verification technologies aligns with the increasing demand for faster, more inclusive lending practices. Future developments are likely to center on further refining its AI-driven analytics, expanding its product suite to address emerging market needs, and forging new strategic partnerships within the financial services ecosystem. The substantial backing indicates a strong market validation and provides the resources necessary to scale operations and solidify its leadership in the fintech sector.
See full FormFree company page
