# First Access

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/first-access

- Industry: Software
- Headquarters: New York, US
- Website: www.firstaccess.co
- Total disclosed funding: $7M
- Latest round: Series A (Nov 20, 2017)
- Investors on record: 5

## About

Founded in 2011, First Access, Inc. is a New York-based company that develops custom software solutions aimed at enhancing efficiency for small business lenders through digital transformation and innovative loan processing tools.First Access, Inc. focuses on creating tailored software solutions for small business lenders, enhancing their operational efficiency. The company was founded in New York, US, by Nicole VanDerTuin, who has a history in developing innovative financial technologies. First Access has raised a total of USD 7.00 mn in funding, primarily through its Series A round led by Bamboo Capital Partners in November 2017, with additional investment from Maycomb Capital, 500 Global, Colle Capital, and The Impact Engine. The firm has executed 4 deals to date and has not undergone significant changes in its business strategy.First Access specializes in providing custom software solutions tailored for small business lenders, focusing on digital transformation to enhance efficiency in loan processing. Their primary offerings include a configurable credit application platform that allows lenders to create bespoke loan products and data requirements, facilitating applications both online and offline. The platform supports various use cases, including loan management for underserved customers, and is engineered to optimize workflows through automation and collaboration tools. Additionally, First Access provides a robust customer relationship management (CRM) system designed specifically for credit-focused interactions, enabling lenders to track customer lifecycles, manage interactions, and automate scoring and decision-making processes. The company serves clients across Africa, Asia, and Latin America, working to streamline lending processes and improve access to credit for small business owners.The revenue model of First Access primarily revolves around software subscriptions and partnerships with financial institutions seeking to digitize their operations. Clients engage in business transactions aligned with their operational needs, such as subscription-based access to credit application processing and customer relationship management tools. While specific pricing structures for individual services are not disclosed, the company likely offers tiered plans that cater to different service levels and user requirements, focusing on optimizing the lending process for underserved borrowers.First Access plans to utilize the recent funding of USD 7.00 mn raised in November 2017 to support ongoing product development and market expansion initiatives. The company is focusing on launching new features within its existing software suite designed to enhance user experience for lenders. Additionally, First Access aims to expand its services into new markets, specifically targeting Latin America and Asia for growth opportunities by 2025. This strategic move is intended to broaden their user base and increase their impact in enhancing access to credit.

## Funding rounds

- Series A, Nov 20, 2017, $7M — Bamboo Capital Partners, 500 Global, Impact Engine, Colle Capital, Maycomb Capital

## Investors

- Bamboo Capital Partners (https://capitalatlas.ai/funds/bamboo-capital-partners) — Series A
- 500 Global (https://capitalatlas.ai/funds/500-global) — Series A
- Impact Engine (https://capitalatlas.ai/funds/impact-engine) — Series A
- Colle Capital (https://capitalatlas.ai/funds/colle-capital) — Series A
- Maycomb Capital — Series A