Key Takeaways
- • PactFi raised $25 million in Series A funding led by 7RIDGE's Ecosystem Impact Fund, with participation from Vestigo Ventures, according to a Business Wire announcement.
- • The platform has processed more than $300 billion in deal volume across more than 250 counterparties since launching in 2023, and supports eight of the top 20 credit asset managers representing a combined $3.4 trillion in AUM.
- • PactFi positions itself as a system-of-record infrastructure for private credit, consolidating workflows, data, and controls that many firms still manage through email and spreadsheets.
- • The new capital will fund expansion into post-close servicing and secondary transfers, go-to-market growth, AI integration within credit workflows, and team hiring.
- • The company holds ISO 27001 certification and SOC 2 Type II attestation, which it cites as key to institutional operational resilience.
Summary
PactFi, which describes itself as the only secure, end-to-end operational platform for private credit, has raised $25 million in Series A funding led by 7RIDGE's Ecosystem Impact Fund (EIF), with participation from Vestigo Ventures, according to the company's Business Wire announcement dated March 10, 2026.
The company framed the raise against rapid growth in the U.S. private credit market, which the release says has nearly tripled over the past decade from approximately $550 billion in 2016 to roughly $1.7 trillion in 2026, with projections of $3.5 trillion by 2028. PactFi argues that operational complexity has grown just as fast, and that many firms still run mission-critical workflows through fragmented systems, email chains, and spreadsheets. The company was founded by industry practitioners who saw these disconnected tools create risk, inefficiency, and control gaps across the transaction lifecycle.
According to the release, PactFi operates as a system-of-record infrastructure, providing cross-counterparty workflows in a shared operating environment, capturing and structuring data across the private credit lifecycle, and enabling straight-through processing with centralized visibility. Since launching in 2023, the platform has processed more than $300 billion in deal volume across more than 250 counterparties, serves more than 2,600 users representing over 3,000 fund entities, and supports eight of the top 20 credit asset managers. All of the top 20 have participated on the platform as lenders, the company said.
Carsten Kengeter, CEO of 7RIDGE, said private credit "remains weighed down by fragmented, manual processes," and described PactFi as a foundational platform for the next phase of growth in private markets. Emma Zhang, founder and CEO of PactFi, said the funding will deepen the platform's role as the system of record where private credit workflows, data, and risk controls reside. Mark Casady, founder and general partner at Vestigo Ventures, cited strong market momentum and disciplined execution as reasons for the investment.
PactFi plans to deploy the capital across four areas: expanding workflow coverage into post-close servicing and secondary transfers; deepening adoption among existing counterparties and service providers, including administrative agents; integrating AI directly into credit-specific workflows within its core system rather than as standalone point solutions; and expanding product, engineering, and client-facing teams. The company noted it is actively hiring. The release also cites ISO 27001 certification and SOC 2 Type II attestation as evidence of its security and governance standards.
The company framed the raise against rapid growth in the U.S. private credit market, which the release says has nearly tripled over the past decade from approximately $550 billion in 2016 to roughly $1.7 trillion in 2026, with projections of $3.5 trillion by 2028. PactFi argues that operational complexity has grown just as fast, and that many firms still run mission-critical workflows through fragmented systems, email chains, and spreadsheets. The company was founded by industry practitioners who saw these disconnected tools create risk, inefficiency, and control gaps across the transaction lifecycle.
According to the release, PactFi operates as a system-of-record infrastructure, providing cross-counterparty workflows in a shared operating environment, capturing and structuring data across the private credit lifecycle, and enabling straight-through processing with centralized visibility. Since launching in 2023, the platform has processed more than $300 billion in deal volume across more than 250 counterparties, serves more than 2,600 users representing over 3,000 fund entities, and supports eight of the top 20 credit asset managers. All of the top 20 have participated on the platform as lenders, the company said.
Carsten Kengeter, CEO of 7RIDGE, said private credit "remains weighed down by fragmented, manual processes," and described PactFi as a foundational platform for the next phase of growth in private markets. Emma Zhang, founder and CEO of PactFi, said the funding will deepen the platform's role as the system of record where private credit workflows, data, and risk controls reside. Mark Casady, founder and general partner at Vestigo Ventures, cited strong market momentum and disciplined execution as reasons for the investment.
PactFi plans to deploy the capital across four areas: expanding workflow coverage into post-close servicing and secondary transfers; deepening adoption among existing counterparties and service providers, including administrative agents; integrating AI directly into credit-specific workflows within its core system rather than as standalone point solutions; and expanding product, engineering, and client-facing teams. The company noted it is actively hiring. The release also cites ISO 27001 certification and SOC 2 Type II attestation as evidence of its security and governance standards.
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