CHARLOTTE – Fintech startup Foro, which has among its backers banking legend Hugh McColl, is loading up with cash after formally launching in January.

Foro says it has raised nearly $4 million from six investors in a new round of equity. Backers needed to put in at least $15,000, an SEC filing explains.

Foro began raising the funds on March 10.

In January Foro announced it had raised $8 million in its first round of financing.

Charlotte startup backed by Hugh McColl launches with $8M, targets lending to SMBs