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-