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The American lending platform Salient has completed a $60 million Series A funding round, led by a16z.
According to Techub News, reported by Tech in Asia, the loan platform Salient, headquartered in San Francisco, USA, has completed a $60 million Series A funding round led by a16z, with participation from Matrix Partners, Michael Ovitz, and Y Combinator.
After this round of financing, Salient's valuation reached $350 million. Salient was established only 18 months ago, and its annualized revenue exceeded $14 million by June 2025. The platform utilizes generative AI to automate post-loan collection, customer service, and compliance monitoring processes, and monitors customer service compliance through voice recognition technology, aiming to enhance the transparency of loan services, simplify operational processes, and strengthen compliance management.