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Finova Financial

4 Disclosed Funding Rounds $155,000,000

0 Participating Investments


Financial Services, Consumer Lending, Insurance, FinTech

Fast affordable online loans based on the equity in your car

Palm Beach Gardens, Florida, United States, North America (US)

Organizations in Palm Beach Gardens in Financial Services,
Organizations in Palm Beach Gardens in Consumer Lending,
Organizations in Palm Beach Gardens in Insurance,
Organizations in Palm Beach Gardens in FinTech,
Organizations in Florida in Financial Services,
Organizations in Florida in Consumer Lending,
Organizations in Florida in Insurance,
Organizations in Florida in FinTech,
Organizations in United States in Financial Services,
Organizations in United States in Consumer Lending,
Organizations in United States in Insurance,
Organizations in United States in FinTech,
Organizations in North America in Financial Services,
Organizations in North America in Consumer Lending,
Organizations in North America in Insurance,
Organizations in North America in FinTech

Investors in Palm Beach Gardens in Financial Services,
Investors in Palm Beach Gardens in Consumer Lending,
Investors in Palm Beach Gardens in Insurance,
Investors in Palm Beach Gardens in FinTech,
Investors in Florida in Financial Services,
Investors in Florida in Consumer Lending,
Investors in Florida in Insurance,
Investors in Florida in FinTech,
Investors in United States in Financial Services,
Investors in United States in Consumer Lending,
Investors in United States in Insurance,
Investors in United States in FinTech,
Investors in North America in Financial Services,
Investors in North America in Consumer Lending,
Investors in North America in Insurance,
Investors in North America in FinTech

Southern US (0 Investors) (0 Startups), Greater Miami Area (0 Investors) (0 Startups), East Coast (0 Investors) (0 Startups)

Founded date 01, 2016

Founders Derek Acree

Operating Status Active

Last Funding Type Venture - Series Unknown

Company Type For Profit


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LinkedIN Link

Wikipedia Link

Finova Financial is a socially responsible lender that provides fast affordable loans based on the equity in your car, to the 70 million financially underserved Americans that spend $138 billion in fees and interest annually. Finova’s Car Equity Line of Credit (C-LOC) costs 70% less than the current national average, provides instant access to capital, and a 12-month pathway back to financial health, online, mobile, anywhere, 24/7. Finova clients benefit from the ability to complete the loan process online, instant approval decisions and same day cash funding. The Finova client portal provides personalized access to our financial dashboard allowing real time management of your financial health. Payments can be made from the convenience of any computer or mobile device and at 32,000 US retail locations. Successful payment history provides declining rates, the opportunity to establish and build credit, along with access to additional funds on demand. Finova provides an immediate solution to our clients’ credit needs, the ability to monitor their progress in real time, which when coupled with Finova’s ongoing financial education provides a pathway to improved economic health. The Finova C-LOC is the first of many digital financial service products we will launch to address the unfulfilled needs of financially underserved Americans. At Finova we are in the business of relationships, not transactions. Our clients tell us Finova is the first positive relationship they have with any financial services provider. This is our passion and what drives us forward.

Date Round Raised Lead
April, 20, 2018 Venture - Series Unknown Undisclosed -------
October, 18, 2017 Venture - Series Unknown $102,500,000 CoVenture
August, 10, 2016 Venture - Series Unknown $52,500,000 Silicon Valley Bank
January, 28, 2016 Seed Undisclosed 500 Startups

Finova Financial Investors (19)

Investor Lead? Round Participating Raise Date Partners
Ausum Ventures No Venture - Series Unknown Undisclosed April, 20, 2018 -------
CoVenture Yes Venture - Series Unknown $102,500,000 October, 18, 2017 -------
Jake Gibson No Venture - Series Unknown $52,500,000 August, 10, 2016 -------
MHS Capital No Venture - Series Unknown $52,500,000 August, 10, 2016 -------
Silicon Valley Bank Yes Venture - Series Unknown $52,500,000 August, 10, 2016 -------
Sam Hodges No Venture - Series Unknown $52,500,000 August, 10, 2016 -------
Refactor Capital No Venture - Series Unknown $52,500,000 August, 10, 2016 -------
CoVenture No Venture - Series Unknown $52,500,000 August, 10, 2016 -------
Compound No Venture - Series Unknown $52,500,000 August, 10, 2016 -------
500 Startups No Venture - Series Unknown $52,500,000 August, 10, 2016 -------
Al Hamra Group No Venture - Series Unknown $52,500,000 August, 10, 2016 -------
Jacob Gibson No Seed Undisclosed January, 28, 2016 -------
Al Hamra Group No Seed Undisclosed January, 28, 2016 -------
Sam Hodges No Seed Undisclosed January, 28, 2016 -------
Refactor Capital No Seed Undisclosed January, 28, 2016 -------
MHS Capital No Seed Undisclosed January, 28, 2016 -------
Compound No Seed Undisclosed January, 28, 2016 -------
CoVenture No Seed Undisclosed January, 28, 2016 -------
500 Startups Yes Seed Undisclosed January, 28, 2016 -------