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CollateralEdge
Collateral coverage solutions
- 1-20 employees
- Fintech
- B2B
- Banking
- Lending
- Financial Services
- Richardson, TX
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Company mission
To deliver innovative financing solutions enabling community banks to be the lender of choice for growing middle market companies.
Our take
Small and mid-sized businesses, especially those in underserved communities, often struggle to access credit. Traditional financing is complex and out of reach, stalling their growth and limiting their contribution to local economies. This is where CollateralEdge steps in, building a bridge over these financial challenges.
CollateralEdge provides a FinTech platform that tackles these issues head-on by instantly pricing and delivering "hard collateral support". This allows community banks to confidently offer competitive loans to under-banked businesses. Gone are the days of loan delays and policy exceptions, replaced by faster approvals and more closed deals, making way for thriving local businesses and stronger communities built on financial inclusion.
CollateralEdge successfully attracted funding from Phalanx Impact Partners, an investment firm dedicated to positive social change. This funding will help fuel the company's expansion, allowing it to serve more community banks and businesses. With experienced leadership, a dedicated investor, and a proven solution, CollateralEdge is poised to make a real difference in the lives of businesses and communities across America.
Steph
Company Specialist at Welcome to the Jungle
Benefits
- 100% of medical: Covered by the company
- Early stock options: We are a fast-growing, well-capitalized startup
- Medical, vision, and dental: HSA plans available
- Flexible, remote work-schedule: Work-life balance is important to us
- Common Desk membership: Covered parking, onsight gym, great amenities
- 3 weeks paid vacation per year: All PTO available on day one
Company values
- Start with the customer: Always strive to exceed the expectations of the customer and deliver an unparalleled experience
- Always see the opportunity: Unbridled optimism paired with preparation will drive good outcomes
- Be intellectually curious: Intellectual curiosity is the fuel that drives us to continually question, challenge, and push the boundaries of the status quo
- Think big. Be bold: Big vision must be paired with bold action in order to create industry-transforming change
- Fearlessly authentic: Putting our best foot forward starts with being true to ourselves and then being true to the stakeholders around us
- All in for the mission: We are only as strong as our weakest link. We can accomplish more together than we can as individuals
Funding (2 rounds)
Jan 2022
$3.4m
EARLY VC
Sep 2021
$3.5m
SEED
Total funding: $6.9m
Leadership
Joel Radtke
(President)Previously founded Springboard Growth Network and United Orthopedic Group. Also worked in Strategic Market Channel Development at Cerebro Capital and Investment Banking at Credit Suisse and Alex Brown & Sons.
Joe Beard
(CEO)Also the co-founder of Venture Dallas. Previously served as a Managing Director at Commerce Street Holdings and Sweetwater Holdings as well as a Vice President at Bank of America Merrill Lynch.