Funds for Tax Return Data Firm Powerlytics

US company Powerlytics, which pulls anonymized data from twenty years of tax returns to compile a 'complete picture' for every household and business in the country, has new funding led by credit union group Curql Collective.

Founded in 2011 by CEO Kevin Sheetz and based in Doylestown, PA, Powerlytics holds data for 200 million US adults and 30 million businesses. Clients including banks, alternative lenders and wealth management firms use its platform to manage risk, identify and develop markets, benchmark performance and drive strategy. The company raised $4m by selling a stake in 2020 to Brewer Lane Ventures, who also took part in the latest round.

Two people from participating investors will be joining the Powerlytics Board: Elizabeth Craven, Principal at Curl Fund and John McEvoy, Managing Partner at Tribeca Early-Stage Ventures. Curql's input together with the new money will help the company to scale up its offerings for the credit union sector.

CEO Sheetz comments: 'Powerlytics solutions have helped some of the largest banks and wealth firms in the US and we are eager to leverage our suite of solutions to help credit unions succeed while further expanding our relationships in the broader financial services sector'.

Web site: www.powerlytics.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.