Cardo AI Raises $15 Million in Series A Round to Expand U.S. Operations
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Cardo AI Raises $15 Million in Series A Round to Expand U.S. Operations

Cardo AI, a nextgeneration assetbased finance and private credit technology platform, has successfully completed its $15 million Series A funding round. The round was coled by Blackstone Innovations Investments, FINTOP Capital, and JAM FINTOP, with participation from Andy Horwitz and Kevin MacDonald, cofounders of Black Mountain Systems.

The funding will support Cardo AIs expansion into the U.S. market and accelerate its mission to modernize the $40 trillion assetbased finance and private credit market. Currently characterized by outdated systems and manual processes, the market will benefit from Cardo AIs advanced portfolio modeling, collateral data management technology, and other innovative solutions designed to streamline operations and reduce costs for stakeholders such as investors, banks, and servicers.

Altin Kadareja, Founder and CEO of Cardo AI, stated: Our expansion into the US market, supported by such prestigious institutions, highlights Cardo AIs ability to deliver powerful technology for the alternative credit industry. We are excited to collaborate with new investors and are confident that our platform will play a significant role in scaling the market and enhancing operational excellence for our clients.

John Stecher, Chief Technology Officer at Blackstone, commented: At Blackstone, we have seen firsthand the rapid growth in alternative credit. To keep pace, the industry needs to move away from manual, spreadsheetbased processes to embrace scalable technology solutions. Our Credit & Insurance team has been impressed by Cardo AIs robust portfolio management capabilities for complex instruments.

Rick Kushel, Managing Partner at FINTOP Capital, added: We see enormous potential for Cardo AI to transform an industry that has been slow in adopting technological innovation. With decades of experience, their team brings the expertise needed to tackle the challenges this market faces. We are excited to support them in setting the standard in assetbased finance and private credit technology.

About Us:
Cardo AI is a global fintech company dedicated to making the assetbased finance market more efficient, transparent, and accessible. Founded in 2018, the company utilizes proprietary technology to integrate software, data, and intelligence, assisting banks, credit originators, servicers, asset managers, and asset owners in managing data, formulating predictive analytics, and optimizing portfolios. Cardo AI has expanded rapidly across Europe and has recently entered the U.S. market. To date, its platform manages over $40 billion in assets, backed by a team of more than 120 professionals. For more information, visit [www.cardoai.com](http://www.cardoai.com).

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