FinTech Salient Secures $60M Series A Funding

Salient, a San Francisco-based fintech startup specializing in AI-powered loan servicing automation, has closed a $60 million Series A funding round led by Andreessen Horowitz, Matrix Partners, Michael Ovitz, and Y Combinator. The company’s AI agents outperform human agents by efficiently structuring calls, handling multiple languages, and automating workflows such as payment collection and insurance updates, while monitoring for regulatory compliance. Andreessen Horowitz partner Alex Rampell, an experienced fintech entrepreneur, praised Salient’s platform for addressing persistent loan servicing challenges. Founded by Ari Malik and Mukund Tibrewala, Salient aims to expand its platform capabilities to include credit dispute resolution, title management automation, and complaint handling. The startup is already collaborating with major borrowers including Westlake Financial, American Credit Acceptance, Exeter Finance, and publicly traded banks. The new funding will accelerate the company’s growth into additional complex servicing workflows beyond traditional collections.