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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
Websitecardoai.com ↗
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
2025-02
In the February 2025 recap →
2025
2024-11
In the November 2024 recap →
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
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Accounting gap: minor

Cardo AI — frequently asked

Who founded Cardo AI?

Cardo AI was founded by Altin Kadareja and Euron Metaliaj and is founded in 2018, headquartered in New York, NY, USA.

How much funding has Cardo AI raised?

Cardo AI has raised $15M+ (disclosed) in total (latest round: Series A, November 2024).

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