California-based Prodigal, which offers software for loan servicing and collection, has announced a $12 million Series A fundraise led by Menlo Ventures.
Participating and existing investors, including Accel, Y Combinator, and MGV, and lending industry veterans like Eric Sage (COO, Plaid), Anand Joshi (ex-American Express), and Nicholas Hinrichsen (CEO, Carlypso), also joined the round.
This new funding will allow Prodigal — which has its engineering division in Mumbai — to expand its suite of intelligent workflow and optimisation products that enable clients to boost productivity, better serve customers, and drive the bottom line.
