Nova Credit Valuation, Funding & Investors
Nova Credit is valued at $80M as of May 2018.
Last Nova Credit valuation
$80M
Series A · May 2018
Last Nova Credit funding round
$35M
Series D · Oct 2025
Cumulative funding Nova Credit raised
$159M
across 7 funding rounds
Key investors in Nova Credit
Index Ventures
General Catalyst
Y Combinator
Kleiner Perkins
Canapi Ventures
Nyca Partners
About Nova Credit
Nova Credit is a San Francisco-based credit infrastructure provider enabling alternative data analytics for lenders. As a Consumer Reporting Agency, it offers Credit Passport for immigrants, Cash Atlas for cash flow underwriting, and Income Navigator for verification, serving HSBC, RBC, SoFi, Scotiabank, Appfolio, and Yardi.
Founded
2016
HQ
San Francisco, CAWebsite
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$80M (May 2018)
Nova Credit Valuation
Nova Credit is currently valued at $80M, based on its Series A in May 2018.
The $16M round was led by General Catalyst and Index Ventures, with participation from Constance Freedman, Human Capital, Moderne Ventures and Sterling Road.
Nova Credit valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| May 2018 | Series A | $80M |
Nova Credit Funding History
Nova Credit has raised a total of $159M across 7 funding rounds.
Nova Credit's first fundraising round was a $100K pre-seed round in September 2016. The most recent completed round was a $35M Series D in October 2025.
Nova Credit funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Oct 2025 | Series D | Socium Ventures (lead); General Catalyst; Index Ventures; Kleiner Perkins; NAventures; Y Combinator; Harmonic Growth Partners; Canapi Ventures; Radiate Capital; National Bank of Canada; Gaingels | $35M | - | Nova Credit, a San Francisco-based credit infrastructure and analytics company founded in 2016, raised $35 million in a Series D funding round on October 14, 2025, led by Socium Ventures with participation from existing investors including Canapi Ventures, Gaingels, General Catalyst, Harmonic Growth Partners, Index Ventures, Kleiner Perkins, National Bank of Canada, NAventures, Radiate Capital, and Y Combinator. The funding follows a $45 million Series C in 2023 led by Canapi Ventures and a $50 million Series B in 2020, aimed at accelerating the growth of the Nova Credit Platform to make cash flow underwriting plug-and-play amid surging demand for real-time financial data and analytics. As a Consumer Reporting Agency, Nova Credit leverages alternative credit data, open finance, and a multi-aggregator approach to provide compliant, actionable risk insights, enabling lenders, property managers, and financial institutions to improve credit decisioning with tools like Cash Atlas for cash flow underwriting, Income Navigator for income verification, and Credit Passport for new-to-country consumers. The platform addresses gaps in traditional credit analytics by transforming fragmented consumer financial data into reliable insights, outperforming incumbents in head-to-head evaluations due to superior data coverage. Since the Series C, Nova Credit has gained significant momentum, deepening partnerships with financial institutions such as HSBC, SoFi, Scotiabank, MoneyLion, Imprint, Chase, and PayPal, while expanding into property management via integrations with Yardi, AppFolio, MRI Software, and Entrata. This positions Nova Credit to scale in a heavily moated credit bureau industry characterized by data, regulatory, sales cycle, and credit seasoning barriers, with the Series D funding supporting infrastructure, analytics, and compliance enhancements to drive inclusive growth and modernize financial inclusion. Socium Ventures' managing partner Andrew Davis highlighted Nova Credit's reimagination of financial data for inclusive growth and its unique CRA status with alternative data expertise, positioning it to lead the cash flow underwriting market transformation. CEO Misha Esipov emphasized accelerating the platform buildout at an inflection point for the technology. |
| Oct 2023 | Series C | Canapi Ventures (lead); General Catalyst; Index Ventures; Kleiner Perkins; Y Combinator; Harmonic Growth Partners; Avid Ventures; Radiate Capital; Socium Ventures; Geodesic Capital; Ballistic Ventures; XSeed Capital | $45M | - | Nova Credit is a data analytics company that enables businesses to grow responsibly by harnessing alternative credit data, focusing on cash flow underwriting and verification solutions for cross-border and thin-file consumers. Its products include Credit Passport for international credit data portability and Cash Atlas for cash flow underwriting, serving clients like American Express, Verizon, HSBC, SoFi, Scotiabank, and Yardi to improve credit decisioning and expand access to financial products. On October 17, 2023, Nova Credit raised $45 million in a Series C funding round led by Canapi Ventures, with participation from General Catalyst, Index Ventures, Kleiner Perkins, Y Combinator, Avid Ventures, Geodesic Capital, Harmonic Growth Partners (noted as Harmonic Capital in some sources), Radiate Capital, and Socium Ventures (Cox Enterprises). The funds aim to scale cash flow underwriting and verification solutions across the credit industry, building on growth since the 2020 Series B round, which included tenfold revenue growth, new market entries in Canada, the U.K., U.A.E., and Singapore, and strengthened partnerships. Canapi Ventures highlighted Nova Credit's transformation of complex credit data challenges into scalable solutions, emphasizing its team, technology, and vision for cash flow underwriting at scale. The company has demonstrated explosive growth and amassed more international credit data access than major credit bureaus, positioning it as a leader in credit infrastructure for newcomers and thin-file consumers. Subsequent developments include a $35 million Series D round in October 2025 led by Socium Ventures, with participation from prior investors, to further accelerate the Nova Credit Platform. |
| Sep 2022 | Series A | HSBC Ventures (lead) | $10M | - | - |
| Feb 2020 | Series B | Kleiner Perkins (lead); David Evans; General Catalyst; Sound Ventures; Index Ventures; Theo Osborne; Avid Ventures; Nyca Partners; Canapi Ventures; Endeavor Catalyst; Alex Rodriguez; Bossa Invest | $50M | - | Nova Credit is a credit infrastructure and analytics company founded in 2016, headquartered in San Francisco and New York, that provides cross-border consumer credit reporting through its Credit Passport product, enabling newcomers to the U.S. to use international credit histories from nearly 20 countries to access financial products from partners like American Express, HSBC, Verizon, and Scotiabank. The platform addresses fragmented national credit data silos, serving the majority of annual newcomer flows to the U.S. and expanding into cash flow underwriting with Cash Atlas and income verification with Income Navigator. On February 12, 2020, Nova Credit raised a $50 million Series B funding round led by Kleiner Perkins, with participation from Canapi Ventures, General Catalyst, Index Ventures, Nyca Partners, Avid Ventures, Endeavor Catalyst, Sound Ventures, Susa Ventures, Alex Rodriguez, and others. The funds were intended to scale global partnerships, improve immigrant and newcomer access to U.S. credit, and expand internationally beyond the U.S. This followed prior rounds including seed and Series A, building toward a total raised of approximately $123-158 million across multiple rounds by 2023-2025. The Series B came after launching a landmark partnership with American Express in October 2019 for consumers from Australia, Canada, India, Mexico, and the UK. By October 2023's Series C ($45M led by Canapi Ventures), Nova Credit reported 10x revenue growth since the 2020 Series B, unlocked over $10 billion in credit value, served 7K+ customers worldwide by 2024, and employed about 100 people while planning profitability in 2024. Subsequent developments included a $35M Series D in October 2025 led by Socium Ventures, further building the platform for lenders using consumer-permissioned data to approve more customers compliantly. Nova Credit operates in the growing alternative data market ($6.3B in 2023, projected to $79.2B by 2029) and competes with firms like Tala, Kredete, and TomoCredit, focusing on B2B solutions for thin-file and foreign credit applicants amid rising fintech and open finance trends. |
| May 2018 | Series A | General Catalyst (lead); Index Ventures (lead); Constance Freedman; Human Capital; Moderne Ventures; Sterling Road | $16M | $80M | Nova Credit is a credit infrastructure platform that translates international credit data into U.S.-equivalent scores and reports, enabling immigrants to access financial products like credit cards and loans. The company raised $16.05 million in its Series A funding round on May 31, 2018, led by General Catalyst, with participation from Index Ventures, Human Capital, Moderne Ventures, and Sterling Road. This round achieved a post-money valuation of $62.76 million at a price per share of $2.24. Founded in 2016 and headquartered in San Francisco, Nova Credit addresses the challenge of cross-border credit assessment for newcomers from countries including Australia, Brazil, Canada, India, Mexico, Nigeria, South Korea, and the United Kingdom. The funding supported the development of its core products, such as Credit Passport, to help financial institutions evaluate applications using foreign credit histories. |
| Sep 2016 | Seed | Index Ventures (lead); First Round Capital; Four Cities Capital; Nyca Partners; Core Innovation Capital; Avichal Garg; Unpopular Ventures | $3M | - | Nova Credit raised funding in a round around September 2016 with participation from Index Ventures, First Round Capital, Nyca Partners, Core Innovation Capital, Four Cities Capital, Avichal Garg, Louis Beryl, and Peter Livingston. This early-stage round supported the company's launch as a credit infrastructure provider focused on cross-border credit reporting for immigrants. Nova Credit enables financial institutions to convert international credit data into US-equivalent reports via its Nova Passport solution. The company, founded in 2016 and headquartered in San Francisco, has since expanded its offerings. It developed Cash Atlas for cash flow underwriting using open finance data like net inflows, outflows, and transaction patterns. Partners include Chase, PayPal, Yardi, American Express, Verizon, HSBC, SoFi, and Scotiabank. Subsequent rounds include a Series B in February 2020 valued at $295-300 million, Series C of $45 million in October 2023 led by Canapi Ventures, and Series D of $35 million in October 2025 led by Socium Ventures. Total funding exceeds $157 million across 10 rounds from 24 investors including General Catalyst, Kleiner Perkins, and Y Combinator. |
| Sep 2016 | Pre-seed | PearX (lead); Y Combinator (lead); SV Angel; Human Capital | $100K | - | - |
Who has invested in Nova Credit?
34 investors have backed Nova Credit across its funding rounds, including Index Ventures, General Catalyst, Y Combinator, Kleiner Perkins, Canapi Ventures and Nyca Partners.
Lead investors include Socium Ventures, Canapi Ventures, HSBC Ventures, Kleiner Perkins, General Catalyst and 3 other investors.
Nova Credit Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
 London | 5 | Lead | Sep 2016 | |
| San Francisco, CA | 4 | Lead | May 2018 | |
| San Francisco, CA | 3 | Lead | Feb 2020 | |
| San Francisco, CA | 3 | Lead | Sep 2016 | |
| Wilmington, DE | 3 | Lead | Feb 2020 | |
| Washington, DC | 2 | Participant | Oct 2023 | |
| United States | 2 | Participant | Feb 2020 | |
| New York City, NY | 2 | Participant | Sep 2016 | |
| New York City, NY | 2 | Participant | Oct 2023 | |
| Atlanta, GA | 2 | Lead | Oct 2023 | |
| San Francisco, CA | 2 | Participant | Sep 2016 | |
| San Francisco, CA | 1 | Lead | Sep 2016 | |
![](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 20 20"><rect fill="%23e5e7eb" width="20" height="20" rx="4"/></svg>){kind=small} David Evans |  Dublin | 1 | Participant | Feb 2020 |
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialNova Credit Competitors
Nova Credit competitors include listed companies like SysJust and Luzon Credit and Finance, and private ones like Data Zoo, ZenLedger, Tilt and Boardroom Alpha.
| Company | HQ | Status | Revenue | EBITDA | Valuation |
|---|---|---|---|---|---|
 Sydney | Private | - | - | $67M | |
| Seattle, WA | Private | - | - | $79M | |
 Taiwan | Publicly listed | $32M | $8M | $82M | |
| Miami, FL | Private | - | - | $76M | |
| Stamford, CT | Private | - | - | $75M | |
 Israel | Publicly listed | - | - | $73M |
Nova Credit Public Comps
Nova Credit is still privately-owned, but its public comps include SysJust, Calisa Acquisition, Luzon Credit and Finance, Sino-Ocean Group Holding, Centrepoint Alliance, Marketwise, Alterna Asesoria, Cavali ICLV, Alfa Holdings and Aether Holdings.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $32M | $8M | 2.0x | - | 7.5x | - | |||
| Calisa Acquisition | - | ($191K) | - | - | (453.6x) | - | ||
| - | - | - | - | - | - | |||
| $2.2B | $1B | 3.4x | - | 7.4x | - | |||
| $261M | $9M | 0.2x | 1.6x | 5.7x | 5.4x | |||
| $328M | $66M | - | - | - | - | |||
| $40M | $4M | 1.2x | - | 12.7x | - | |||
| - | - | - | - | - | - | |||
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Common questions about Nova Credit
| When was Nova Credit founded? | Nova Credit was founded in 2016. |
| Where is Nova Credit headquartered? | Nova Credit is headquartered in San Francisco, CA, United States. |
| Is Nova Credit publicly listed? | No, Nova Credit is a private, VC-backed company. |
| What is Nova Credit's valuation? | Nova Credit was last valued at $80M in its Series A in May 2018. |
| How much funding has Nova Credit raised? | Nova Credit has raised $159M across 7 funding rounds. |
| What was Nova Credit's last funding round? | Nova Credit's last funding round was a $35M Series D in October 2025, led by Socium Ventures. |
| Who are Nova Credit's investors? | Nova Credit's investors include Index Ventures, General Catalyst, Kleiner Perkins, Y Combinator, Canapi Ventures, Harmonic Growth Partners, Avid Ventures, Nyca Partners, Radiate Capital, Socium Ventures and 24 others. |
| Which companies are comparable to Nova Credit? | Companies comparable to Nova Credit include Data Zoo, ZenLedger, SysJust, Tilt, Boardroom Alpha and Luzon Credit and Finance. |
See companies similar to Nova Credit
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