CrediFi's lanch of the new fintech solution occurs about two months after the company raised $13 million in a Series B funding round. Leading the round was Liberty Interactive's Liberty Israel Venture Fund, which was joined by 31 VENTURES Global Innovation Fund, a CVC fund managed by Global Brain for Mitsui Fudosan. There was also substantial participation from existing investors Battery Ventures, Carmel Ventures, OurCrowd and Stax. The Series B funding helped finance the launch of CredifX.

NEW YORK CITY—CrediFi Corp., the company behind a data platform providing loan and asset information to the commercial real estate finance sector, said Wednesday it had launched an online marketplace for financing commercial properties. Known as CredifX, it's intended to connect borrowers and brokers to lenders with financing of $1 million and up across all of the major property types.

“This is the next generation of both financing and big data for CRE, and it's driven by our market-leading data, algorithms and cloud-based technologies,” says Ely Razin, CrediFi's CEO. “CRE finance markets are about to experience a huge shift which will enhance the experience for borrowers, brokers and lenders alike.

“It's very simple,” he continues. “You're looking to finance your property, but why should you limit yourself to existing contacts and lenders? CredifX fosters competition so that borrowers receive the best terms on their loan. On the flipside, lenders and brokers are presented with a smorgasbord of previously unreachable owners in order to grow their deal flow.”

Frank Muhlon has joined CrediFi's executive team as head of transactions and will oversee CredifX. “CredifX streamlines the entire process of financing commercial real estate,” he says. “The CredifX Diligence Room provides CRE borrowers, brokers and lenders with a secure workspace and efficiency tools that enable them to take any deal faster from discovery to closing.” Muhlon previously served as a senior executive at Ten-X.

CrediFi's lanch of the new fintech solution occurs about two months after the company raised $13 million in a Series B funding round. Leading the round was Liberty Interactive's Liberty Israel Venture Fund, which was joined by 31 VENTURES Global Innovation Fund, a CVC fund managed by Global Brain for Mitsui Fudosan. There was also substantial participation from existing investors Battery Ventures, Carmel Ventures, OurCrowd and Stax. The Series B funding helped finance the launch of CredifX.