Chowder Moves Into Its Growth Phase

Today, Chowder, Inc. is a leading lease-purchase company focused on providing affordable payment options for critical in-home systems to cash- and credit-constrained customers, announced the close of its Series-A funding round. The investment was made by a group of investors led by Barr Funding and marks the second equity raise by Chowder.

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Chowder will use the funding to move into its growth phase which includes multiple strategic partnerships, a 42-state geographic footprint, and national contractor relationships. Chowder will reach customers through its "state of the art" approval system and provide flexible leasing options to customers who would otherwise not be able to afford critical in-home systems.

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“We believe that by providing flexible payment options to cash- and credit-constrained customers, we can help them afford the critical household systems they need to be safe, comfortable, and healthy. Our easy-to-use contractor technology makes it simple and accessible for this underserved market,” said Daniel Collier, CEO and Co-founder of Chowder. “We will now be able to do this on a nationwide basis as a result of the recent additional capital support."

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