BNPL Pushes Private Credit Deeper Into Consumer Risk

Trovy, a US consumer FinTech replacing high-cost consumer debt with home equity-backed financing, has announced it has closed a $15m Series A, bringing its total capital raised to $25m.

The Series A was led by Left Lane Capital, with existing seed investors Kleiner Perkins, DCM Ventures, and Camber Creek all returning to participate in the round.

The proceeds are earmarked to drive Trovy’s nationwide expansion, deepen its product capabilities, and scale the team behind what the company describes as the definitive financial home base for America’s 85 million homeowners.