What is Perch Credit?
Based out of Los Angeles, CA, Perch Credit operates as a nontraditional payment processing platform provider. The company aims to disrupt the conventional payment landscape by offering alternative solutions that cater to a broader range of businesses and consumer needs. Its focus on innovation in payment processing positions it as a key player in the evolving fintech industry, seeking to enhance transaction efficiency and accessibility.
How much funding has Perch Credit raised?
Perch Credit has raised a total of $20.5M across 2 funding rounds:
Angel/Seed
$2.5M
Series A
$18M
Angel/Seed (2020): $2.5M with participation from Village Capital, Concrete Rose, Citigroup, Inc., Softbank Opportunity Fund, and Marcy Venture Partners
Series A (2022): $18M led by Pendulum, Black Capital, Concrete Rose Capital, Marcy Venture Partners, and Citi
Key Investors in Perch Credit
Pendulum
Pendulum Risk & Claims is an independent provider of healthcare risk management and claims services, specializing in assisting senior healthcare providers and carriers. With over 25 years of experience, they offer customized risk consulting, assessments, and claims support tailored to the needs of their clients.
Black Capital
Black Capital is an early-stage investment fund dedicated to supporting black and other underrepresented founders. The fund aims to democratize access to venture capital and build wealth within the black community, addressing the historical underinvestment in these entrepreneurs.
Marcy Venture Partners
Marcy Venture Partners is a venture capital & private equity firm. It offers investment management, financial services and asset management. It was established in 2018 and is located in San Francisco, California.
What's next for Perch Credit?
With the recent injection of major strategic investment, Perch Credit is poised for accelerated growth and market penetration. The company is likely to leverage this capital to enhance its platform capabilities, expand its service offerings, and potentially explore new market segments. This funding round, characterized as enterprise-level, suggests a strategic focus on scaling operations and solidifying its competitive advantage in the payment processing domain. Future developments may include strategic partnerships and technological advancements to further differentiate its offerings.
See full Perch Credit company page
