ODX, LLC and Fundation announced today they will merge to become Linear Financial Technologies. Linear provides loan origination, account opening and AI-based analytics solutions to financial institutions and is expanding its SaaS solutions to international clients and clients outside of banking.
Sam Graziano, CEO and co-founder of Fundation will become CEO of Linear, while Brian Geary, the President of ODX will become President of Linear. Graziano outlined the thinking behind the merger:
Our combination came about out of mutual respect for one another. After a couple of years of competing head to head, we realized that we were often the two finalists in many competitive processes when large financial institutions were assessing their digital origination needs in small business. We believe we are now even more uniquely positioned in our market segment, because our solutions are technology and insights, not just technology. Our near-term objectives are to expand our origination capabilities to facilitate the full suite of small business products and launch AI driven solutions that enable our clients to predict and manage risk more effectively. We also see a broad opportunity set to bring our capabilities into non-banking verticals.
Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.