This fintech startup founded by a 23-year-old CEO, just raised $2.5M in seed funding to offer loans to businesses and students

Celeri Network, a New York-based fintech startup has closed $2.5 million in seed funding at a valuation of $11 Million. What many companies aren’t able to achieve in years took Celeri Network just one month. Located in the heart of the financial district, Celeri Network was founded by a 23-year old CEO Justin Cheng. The startup offers loans up to $5 million for businesses and students.

At just 23 years old, CEO Justin Cheng, created Celeri Network in October 2019 with a passion to help businesses and students in the U.S achieve their goals and dreams with easy access to capital, offering credit to a community vastly underserved by traditional financing options.

Formerly known as Alchemy Lending, Celeri is looking to bring innovation and disruption to an industry that has been ready for change when it comes to their finances. From the start, Justin Cheng believed accessing credit should be seamless and made available to everyone. Justin wants clients to view the company as trustworthy, innovative, and dedicated to client servicer- and Celeri Network will take every measure to achieve this goal.

As technology grows, so does the need for humans to have easy access to essentially everything. Here at Celeri Network, our goal is to reinvent the way you access credit, and make that access fast, fair and simple; hence our name Celeri – derived from the Latin word “celer” meaning swift and quick with a twist on the word celery. Celeri Network helps you achieve financial independence and success without having to wait on line at a bank, or put your life on hold waiting for financing. In your active world- the least we can do is make getting a loan stress-free.

Celeri Network is a financial company that uses both technology and peer to peer interactions to empower business owners and students to make their dreams a reality.

“We are a technology-driven company built on the belief that innovation and creative solutions deliver consumer value while maintaining the highest standard of service to our customers. We understand loans are not one size fits all, and that is why every loan is personalized for you, by us,” the company said in the announcement.