Fintech company eOriginal raises $26.5 million - Technical.ly Baltimore

Business

Nov. 16, 2016 10:32 am

Fintech company eOriginal raises $26.5 million

The 20-year-old fintech firm helps businesses complete transactions electronically. Expect hiring with the new infusion of funding.

Oriole Park at Camden Yards.

(Photo by Flickr user Keith Allison, used under a Creative Commons license)

A Baltimore fintech company closed a $26.5 million transaction of its own this week.

The equity round for eOriginal was led by Philadelphia-based private equity firm LLR Partners. eOriginal was founded in 1996, and has offices in the Camden Yards warehouse.

With the new funding eOriginal is looking to expand its digital transaction management offerings, which help companies execute businesses transactions with electronic signatures and document verification. The tools are used for marketplace lending, as well as vehicle and equipment banking. It also wants to move into other verticals, such as mortgages.

Expect hiring, too.

“The world is migrating to fully digital processes and eOriginal has proven itself to many enterprises, small and large, as a trusted partner and platform,” CEO Stephen Bisbee said in a statement. “LLR Partners’ fintech experience will help scale our products to meet industry demands and support the fully digital ecosystems of the future.”

-30-
Stephen Babcock

Stephen Babcock is the lead reporter for Technical.ly Baltimore. A graduate of Northeastern University, he moved to Baltimore following a stint in New Orleans, where he served as managing editor of online news and culture publication NOLA Defender. While there, he also wrote for NOLA.com/The Times-Picayune. He was previously a reporter for the Rio Grande Sun of Northern New Mexico.

Advertisement

Sign-up for regular updates from Technical.ly