The problem
Borrowers and lenders reconcile loan tapes, borrowing bases and diligence by spreadsheet and email, slowly and error-prone
What they do
Software and diligence services that run debt facilities and securitizations for asset-backed lenders
Traction Revenue just under $20M in 2023 (+600%); $100B+ annual volume; 200+ customers; Inc. 5000 #344
Hiring trend
- Open roles
- 7
- Ops roles
- 3
- Headcount
- ~165
Headcount ~100 (Apr 2025) → ~165 (Aug 2026), +21–39% YoY; open roles ~18 (Jul) → 8 now
Hiring in
- Austin
- New York
- Salt Lake City
Latest news
Sep 2026
Served as third-party diligence platform for Figure's $316M HELOC securitization ↗Funding
- Last round
- $31M
- Stage
- Series B
- Date
- Aug 2024
Led by 645 Ventures (Series B); Andreessen Horowitz (Series A)
- Hiring+17 open roles on the live job board (3–9 roles = +1)
- Funding recency0Series B · $31M, Aug 2024 (26 months ago): over 24 months = 0
- Traction+0.75Some growth: Revenue just under $20M in 2023 (+600%); $100B+ annual volume; 200+ customers; Inc. 5000 #344
- Red flags0None found in the last 24 months
- Total1.751 + 0 + 0.75 − 0 = 1.75 → Steady (1.5–3.49)
Distance (Half) is a separate read on how long the lead can last. It doesn't change the score.
Distance
Half · edge: hard to leave
A leading modern platform in a niche category, embedded in lenders' and borrowers' facility workflows, with bank strategics (Citi, Wells Fargo), 200+ customers and a second line in rating agency-approved diligence (inTENT); still small, partly services-heavy, and tied to deal volumes.
Sources: Business Wire: Setpoint to acquire inTENT Fulfillment (Jan 2026) ↗ · Fortune: Citi and Wells Fargo join $31M Setpoint Series B (Aug 2024) ↗ · ABF Journal: Ben Rubenstein 2026 Innovator ($100B+ annual volume) (May 2026) ↗
Last checked Oct 25, 2026