# Clutch

> Clutch is a digital origination platform built specifically for credit unions. It powers loan, deposit and business account opening - plus AI lending and collections assistants - for 150+ credit unions across the U.S., letting member-owned institutions move at fintech speed without rebuilding their core systems.

- **Founded:** 2020
- **Headquarters:** San Francisco, California, United States
- **Founders:** Nicholas "Nicky" Hinrichsen (Co-founder & CEO), Christopher Coleman (Co-founder)
- **Team size:** ~290 employees (LinkedIn) across the U.S. and Latin America
- **Products:** Loan Origination, Deposit Account Opening, Business Account Opening, Fastlane (AUS), Targeted Remarketing
- **Notable:** Named Best Loan Origination Platform in the 2025 FinTech Breakthrough Awards., Raised $65M Series B in January 2025 led by Alkeon, with a16z, TruStage and Peterson Partners participating., Surpassed 150 credit union customers.

## Products & services

- **Loan Origination** — Digital loan application, decisioning and funding for auto, personal, home equity and credit card products.
- **Deposit Account Opening** — Online membership and deposit account onboarding with identity verification and fraud detection.
- **Business Account Opening** — Origination flow for small-business members of credit unions.
- **Fastlane (AUS)** — Automated underwriting and decision engine that approves and funds loans without manual review.
- **Targeted Remarketing** — Auto loan recapture and cross-sell campaigns using member and loan data.
- **HAL** — AI lending assistant that helps members complete applications and helps lenders process them.
- **Emma** — AI collections assistant that handles outreach and payment workflows for delinquent loans.
- **Data Insights** — Analytics layer for credit union executives to track funnel, pull-through and cross-sell performance.

## Achievements

- Named Best Loan Origination Platform in the 2025 FinTech Breakthrough Awards.
- Raised $65M Series B in January 2025 led by Alkeon, with a16z, TruStage and Peterson Partners participating.
- Surpassed 150 credit union customers.
- Reported up to 2x improvement in look-to-book ratios for customers.
- Processes billions of dollars in loan and deposit applications annually.

## Latest updates

- **2025-03** — Named Best Loan Origination Platform in the 2025 FinTech Breakthrough Awards.
- **2025-01** — Closed $65M Series B led by Alkeon Capital Management with participation from a16z, TruStage Ventures and Peterson Partners.
- **2024** — Crossed 150 credit union customers and launched AI assistants HAL (lending) and Emma (collections).

## Links

- Website: https://withclutch.com
- LinkedIn: https://www.linkedin.com/company/withclutch
- Facebook: https://facebook.com/withclutch

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Profile page: https://yespress.io/clutch
Published by YesPress — https://yespress.io
Last updated: 2026-05-29