NEWITY

Chicago, United States Founded: 2020 • Age: 6 yrs
Provides streamlined SBA 7(a) loan facilitation for small businesses to access capital.

About NEWITY

NEWITY is a company based in Chicago (United States) founded in 2020. It operates as a B2B. NEWITY has raised $15.55 million across 3 funding rounds from investors including CMT Digital. NEWITY offers products and services including SBA 7(a) Loan Service and Application Resources. NEWITY operates in a competitive market with competitors including Funding Circle, Upstart, Nav, SellersFi and Laurel Road, among others.

  • Headquarter Chicago, United States
  • Sectors
    Financial Services
  • Phone
    *********
  • Website
    *********
  • Social
    *********
  • Legal Name Newity Llc
Operational Areas
Financial Services → Banking & Financial Institutions
Financial Services → FinTech & Digital Finance
Key Metrics
  • Annual Revenue
  • Net Profit
  • EBITDA
  • Total Equity Funding
    $15.55 M (USD)

    in 3 rounds

  • Latest Funding Round
    $11 M (USD), Series A

    Feb 19, 2026

  • Investors
  • Employee Count
    Employee Count
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Products & Services of NEWITY

NEWITY offers a comprehensive portfolio of products and services, including SBA 7(a) Loan Service and Application Resources. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.

Primary

Platform for applying and accessing SBA 7(a) loans for business growth.

Guides and webinars to assist with SBA loan processes and eligibility.

People of NEWITY
Headcount 50-200
Employee Profiles 25
Employee Profiles
People
David Cody
Co-Founder, CEO
People
Luke Lahaie
Co-Founder, CEO
People
Bryan Hallene
Chief Operating Officer
People
Eric Colandrea
General Counsel

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Funding Insights of NEWITY

NEWITY has successfully raised a total of $15.55M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $11 million completed in February 2026. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.

  • Total Funding
  • Total Rounds 3
  • Last Round Series A — $11.0M
  • First Round

    (11 Dec 2023)

  • Investors Count 1
Date Amount Transaction Name Valuation Lead Investors Investors
Feb, 2026 Amount Series A - NEWITY Valuation CMT Digital
Aug, 2025 Amount Series A - NEWITY Valuation

investors

Dec, 2023 Amount Series A - NEWITY Valuation

investors

Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Investors in NEWITY

NEWITY has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include CMT Digital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.

All
Venture Fund
Investor Description Founded Year Domain Location
-
Founded Year Domain Location
Investor Description Founded Year Domain Location
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by NEWITY

Investments
Company Name Description Domain Location Founded Year Amount
Bionic investment advisor platform
2016
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Fine Asian gourmet food is offered by an internet-first restaurant.
2016

Financial Statements - NEWITY

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Newity Comparisons

Employees
+
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Competitors of NEWITY

NEWITY operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Funding Circle, Upstart, Nav, SellersFi and Laurel Road, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.

Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
A peer-to-peer marketplace for business loans is operated and developed.
domain founded_year HQ Location
Diversified loans are provided via an AI-enabled online marketplace.
domain founded_year HQ Location
Business credit monitoring and financing are provided to small owners.
domain founded_year HQ Location
Online lending platform for business financing
domain founded_year HQ Location
Student loan refinancing, mortgages, and personal loans are offered online.
domain founded_year HQ Location
Business loans are matched via an online lending marketplace.
Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Newity

Frequently Asked Questions about NEWITY

When was NEWITY founded?

NEWITY was founded in 2020 and raised its 1st funding round 3 years after it was founded.

Where is NEWITY located?

NEWITY is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.

Is NEWITY a funded company?

NEWITY is a funded company, having raised a total of $15.55M across 3 funding rounds to date. The company's 1st funding round was a Series A of $3.35M, raised on Dec 11, 2023.

What does NEWITY do?

NEWITY operates as a lender service provider for SBA 7(a) loans, helping small businesses secure funding up to 500,000 through a simplified application process. It focuses on faster funding, lower interest rates, and no down payment options, serving over 120,000 businesses across the United States. The company partners with Northeast Bank and offers resources like guides and webinars to support clients in growth and operations.

Who are the top competitors of NEWITY?

NEWITY's top competitors include Funding Circle, Upstart and Nav.

What products or services does NEWITY offer?

NEWITY offers SBA 7(a) Loan Service and Application Resources.

Who are NEWITY's investors?

NEWITY has 1 investor. Key investors include CMT Digital.

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