Eric Satz

Eric Satz

Nashville-based fintech startup Alto Solutions has raised $40 million in a Series B funding round, according to the company’s CEO Eric Satz. The round was led by Advance Venture Partners, whose founder David ibnAle will join the startup’s board of directors.

This is the second seed funding round for the company in the past 12 months — Alto raised $17 million in its Series A in April.