Nashville-based fintech company Thread Bancorp Inc. announced Tuesday it has closed a $30.5 million funding round.

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Chris Black

According to a release from the company, the parent of Thread Bank, the round consists of a $27.6 million initial raise and a $2.9 million extension. It was led by Toronto-based Portage Ventures, with additional participation from Nashville-headquartered Rockmont Partners and other investors. 

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