Automated Financial Systems, Inc. (AFS) is the Lead Investor and Commercial Partner to Bedrock Servicing, Inc.

Whats Happening:

Bedrock Servicing, Inc., a commercial loan servicing platform, has completed a private placement of $2.5 million in Class A preferred stock. The company, which utilizes AFS's AFSVision system, aims to serve the $3 trillion private credit and asset management market. This capital raise will support Bedrock's growth objectives and enhance its technology platform.

Key Moves:

• Bedrock Servicing raises $2.5 million in Class A preferred stock

• AFS becomes lead investor and commercial partner to Bedrock Servicing

• Funds to be used for enhancing technology platform and supporting growth

By The Numbers:

• $2.5 million raised in preferred stock

• $3 trillion private credit and asset management market targeted

• Class A preferred stock issued

Key Quotes:

• "This capital raise reflects our continued commitment to support our clients, enhance our industry-leading, bespoke technology platform and supercharge our growth objectives," - Hernan Hernandez, CEO of Bedrock Servicing

• "We are excited to partner with Bedrock Servicing, Inc., embracing their mission to deliver exceptional loan servicing solutions tailored specifically for the private credit market." - Rick Bare, CEO & President of AFS

Bottom Line:

The partnership between Bedrock Servicing and AFS, backed by a $2.5 million investment, aims to disrupt the private credit loan servicing market. By combining Bedrock's focus on the private sector with AFS's established technology, the collaboration seeks to enhance efficiency and innovation in this growing $3 trillion market.

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