DURHAM – LoanWell is doing, well, very well indeed when it comes to fundraising. The fintech startup disclosed a $3 million round of funding in an SEC filing, hitting its dollar goal.

LoanWell works with Community Development Financial Institutions (CDFIs), which all share a goal of expanding opportunity in low-income and underserved communities by expanding access to financial products and services, such as small business loans, as well as online communities and online lenders like Hello Alice.

The filing notes the funds came from five backers.

LoanWell is led by founder and CEO Bernard Worthy.

Here is a profile of the company published earlier this year by WRAL TechWire:

The fintech revolution: Durham startup LoanWell targets B-to-B and is finding success

The company also has secured support from Google for Startups:

Durham firms LoanWell, Courtroom5, Charlotte’s Freeman Capital land Google for Startups funding

In 2020, LoanWell secured its initial funding of more than $700,000.

11 investors back Durham fintech startup LoanWell with $715,000