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Cardo AI

“Can one operating system win the back-office of the $40T asset-based finance and private credit market?”

Founded2018
HQNew York, NY, USA
FoundersAltin Kadareja, Euron Metaliaj
Total raised$15M+ (disclosed)
Latest roundSeries A, November 2024
IndustryVertical SaaS / Asset-Based Finance
The story

Founded 2018 in New York as a fintech modernizing the $40 trillion asset-based finance and private credit market, replacing spreadsheets and manual workflows with a unified platform for data management, waterfalls, cash flows, and investor reporting. Has scaled from single-transaction tooling to end-to-end coverage of 15+ structure types and 30+ asset classes serving banks, servicers, and asset managers. The 2024 Blackstone-led Series A signalled institutional validation and positioned the company as infrastructure for the growing ABF/private-credit sector.

Last 12 months
2024-11
2025-02
2025
Product timeline
2018
Cardo AI founded by Altin Kadareja and Euron Metaliaj to modernize structured credit operations· founding
2024
Closed $15M Series A co-led by Blackstone Innovations Investments, FINTOP Capital, and JAM FINTOP· funding
2025
Partnership with Encina Lender Finance to streamline asset-based finance deal execution· partnership
2025
Launched Cardo AI Trust Centre with SOC 2 Type II reports and assurance materials· product
The stack
0 layers disclosed in Cardo AI’s embedded-finance stack
Accounting gap: minor