Edina Fintech Startup Argos Risk Is Raising $400k

Argos-Risk_logo_300Edina fintech startup Argos Risk is raising up to $400k debt financing with $200k commited, according to this SEC disclosure filed over the weekend.

Argos launched in 2010 SaaS risk management tool for businesses to monitor the creditworthiness and financial health of their relationships based on ‘Argonomics’.

In 2011, Lori Frank replaced founder Steven Foster as the CEO.  David B Johnson, partner and CEO of brokerage firm Cedar Point Capital, is the board chair; Sam Richter, an author, sales speaker, and SVP at ActiFi is also a company director.

Napkin math based on a funding trail left over the years would suggest the venture has raised ~$3m-$4m in outside capital.

 

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