Developer of a fairness consideration platform designed for fair lending compliance. The company's platform automates the fair lending analysis, and decision-making systems, also optimizing the decision model to embed fairness by reducing algorithmic bias, enabling clients to increase both fairness and profits.
RenoFi Loans use the after renovation value instead of your home's current value, enabling you to borrow the most money at the lowest rates. RenoFi is not a lender, rather we’ve partnered with lenders who offer RenoFi Loans. These lenders leverage RenoFi's technology platform to seamlessly offer RenoFi Loans.
Private Equity Round in 2022
Personetics Technologies Ltd. specializes in providing customer interaction technology tailored for the financial services sector. Founded in 2010 and headquartered in White Plains, New York, the company offers solutions such as Personetics Digital Banker, which utilizes automated intelligence to enhance customer-centric processes across various digital channels, including web and mobile. Its Personetics Anywhere platform enables financial institutions to deliver personalized assistance via messaging services like Facebook Messenger. Additionally, the Self-Driving Finance platform engages retail and business customers by offering varying levels of guidance in managing their finances. The company leverages artificial intelligence to analyze customer data and behavior, providing clients with tools and insights to create tailored marketing strategies and improve customer engagement. Personetics also maintains research and development centers in Nazareth, Israel, and has offices in Singapore and Tel Aviv.
Ribbon Home, Inc. operates an online real estate platform that facilitates the buying and selling of properties. Founded in 2017 and based in New York, the company aims to make homeownership more accessible by allowing clients to purchase a new home before selling their existing one. This model provides homeowners with the flexibility and time needed to secure the best possible price for their current property. Ribbon collaborates with realtors in local markets, creating a supportive ecosystem that simplifies the home buying process and eliminates mortgage contingencies, thereby reducing stress for families looking to transition to their next home.
Peach Finance, Inc. is a loan management platform headquartered in Oakland, California, that provides software as a service (SaaS) solutions for finance, legal, and operations teams. Founded in 2018, the company specializes in modern, end-to-end loan management and servicing software designed for lenders. The platform incorporates machine-learning algorithms that enhance repayment rates and ensure compliance, enabling organizations to launch credit instruments that reward customers. Peach Finance also offers a white-label website and tailored communications that align with a brand's identity. Additionally, the company provides tools for training, supervision, and success analysis, along with technology-driven oversight that promotes best practices in quality assurance and risk management.
Blooma is a San Diego-based company founded in 2018 that specializes in artificial intelligence solutions for the lending industry. The firm offers a loan origination platform designed to streamline the loan processing workflow through data-driven intelligent asset scoring and insights into the deal pipeline. By utilizing AI automation and configurable workflows, Blooma enables lenders to enhance their decision-making capabilities while effectively managing risk. The platform aims to simplify and expedite the loan approval process, making it a cost-effective solution for financial institutions seeking to improve efficiency and scalability in their operations.
Informed helps banks accelerate their digital transformation with turn-key robotic process automation capable of performing real-time income verification, identity verification, residence verification, and insurance verification tasks. Banks use Informed to reduce their manual costs associated with reviewing documents, catch fraud, and cut down on errors when originating loans and opening accounts.
Railz Financial Technologies Inc. is a Toronto-based company that specializes in providing a unified API for accessing data from major accounting software providers such as QuickBooks, Xero, and Sage. Founded in 2020, Railz enables lenders, financial institutions, accounting firms, and tech developers to obtain real-time financial data, analytics, insights, and reports on small business customers. This streamlined access facilitates the assessment of credit applications and the evaluation of a business's financial health. Railz's Data as a Service solution allows clients to integrate quickly and efficiently without the need to alter existing operations, technology infrastructure, or workflows. The platform is designed for rapid deployment, ensuring that users can access their customers' accounting information with minimal disruption and cost.
Private Equity Round in 2021
Personetics Technologies Ltd. specializes in providing customer interaction technology tailored for the financial services sector. Founded in 2010 and headquartered in White Plains, New York, the company offers solutions such as Personetics Digital Banker, which utilizes automated intelligence to enhance customer-centric processes across various digital channels, including web and mobile. Its Personetics Anywhere platform enables financial institutions to deliver personalized assistance via messaging services like Facebook Messenger. Additionally, the Self-Driving Finance platform engages retail and business customers by offering varying levels of guidance in managing their finances. The company leverages artificial intelligence to analyze customer data and behavior, providing clients with tools and insights to create tailored marketing strategies and improve customer engagement. Personetics also maintains research and development centers in Nazareth, Israel, and has offices in Singapore and Tel Aviv.
Blooma is a San Diego-based company founded in 2018 that specializes in artificial intelligence solutions for the lending industry. The firm offers a loan origination platform designed to streamline the loan processing workflow through data-driven intelligent asset scoring and insights into the deal pipeline. By utilizing AI automation and configurable workflows, Blooma enables lenders to enhance their decision-making capabilities while effectively managing risk. The platform aims to simplify and expedite the loan approval process, making it a cost-effective solution for financial institutions seeking to improve efficiency and scalability in their operations.
Ladder Financial Inc. is an online platform that specializes in term life insurance services, operating from Palo Alto, California since its incorporation in 2015. The company offers instant, fully underwritten life insurance policies directly to consumers, simplifying the application process by removing the need for commissioned sales agents. Ladder aims to address the significant life insurance gap in the United States by providing competitive pricing, transparency, and flexible coverage options that can be adjusted or canceled at any time. By leveraging advanced technology and a direct-to-consumer model, Ladder seeks to enhance accessibility and fairness in life insurance, ultimately supporting underinsured families and communities.
Peach Finance, Inc. is a loan management platform headquartered in Oakland, California, that provides software as a service (SaaS) solutions for finance, legal, and operations teams. Founded in 2018, the company specializes in modern, end-to-end loan management and servicing software designed for lenders. The platform incorporates machine-learning algorithms that enhance repayment rates and ensure compliance, enabling organizations to launch credit instruments that reward customers. Peach Finance also offers a white-label website and tailored communications that align with a brand's identity. Additionally, the company provides tools for training, supervision, and success analysis, along with technology-driven oversight that promotes best practices in quality assurance and risk management.
Ribbon Home, Inc. operates an online real estate platform that facilitates the buying and selling of properties. Founded in 2017 and based in New York, the company aims to make homeownership more accessible by allowing clients to purchase a new home before selling their existing one. This model provides homeowners with the flexibility and time needed to secure the best possible price for their current property. Ribbon collaborates with realtors in local markets, creating a supportive ecosystem that simplifies the home buying process and eliminates mortgage contingencies, thereby reducing stress for families looking to transition to their next home.
Operator of a fintech company intended to offer a home equity line of credit. The company allows homeowners to leverage their home equity to obtain a credit card with lower interest rates compared to traditional ones and offers flexible repayment options, enabling users with financial flexibility and savings.
PollyEx, Inc. operates a loan trading platform specifically designed for mortgage capital markets. The platform connects buyers and sellers of mortgage loans, facilitating efficient loan sale transactions for mortgage lenders. By leveraging cloud-based technology and API integration, PollyEx enhances liquidity and automates various functions within the capital markets. Founded in 2019 and headquartered in San Francisco, California, the company aims to improve loan sale execution and streamline the trading process in the mortgage industry.
Level, operating under the name Zero Financial, Inc., is a financial technology company based in San Francisco, California, that offers a modern mobile banking experience. The company's primary products include a mobile banking application, a debit card known as Zerocard, and a checking account called Zero Checking. The app provides users with real-time insights into their finances, displaying debit card purchases alongside other transactions to help manage their budgets effectively. Unlike traditional banking options, Zerocard combines the convenience of a debit card with the benefits of a credit card, offering users unlimited cash back rewards ranging from 1.0% to 3.0% on expenditures, as well as competitive annual interest rates on account balances. Level aims to eliminate common banking fees, striving to simplify personal finance management for its users.
Ribbon Home, Inc. operates an online real estate platform that facilitates the buying and selling of properties. Founded in 2017 and based in New York, the company aims to make homeownership more accessible by allowing clients to purchase a new home before selling their existing one. This model provides homeowners with the flexibility and time needed to secure the best possible price for their current property. Ribbon collaborates with realtors in local markets, creating a supportive ecosystem that simplifies the home buying process and eliminates mortgage contingencies, thereby reducing stress for families looking to transition to their next home.
Scratch Services, LLC develops a proprietary loan accounting system, payments infrastructure, and borrower-facing web application which operates as a loan servicer that delivers a borrower-first experience and improves consumers' ability to understand, manage, and repay their loans and facilitates transformation of the service ecosystem for both borrowers and lenders. The company was incorporated in 2015 and is based in San Francisco, California.
Migo operates a digital Credit-as-a-Service platform designed for banks, mobile operators, retailers, and payment processors, primarily in emerging markets. Founded in 2014 and based in San Francisco, the company provides a suite of tools, including APIs, frameworks, and consumer insights, enabling partners to develop innovative credit services. Migo's platform enhances traditional banking and payment card systems, allowing enterprises to extend credit to their customers effectively. Additionally, Migo offers an in-memory analytics service that processes large volumes of mobile data, helping mobile operators monetize their data and assisting financial institutions in reaching more clients. Its services include credit scoring based on mobile behavior, fraud detection, customer identity verification, and risk analysis, all aimed at improving financial access and security for consumers.
CommonBond, Inc. provides online lending services to students to pay for higher education in the United States. It refinances and finances undergraduate and graduate student loans, parent PLUS loans, and MBA student loans. The company enables students to gain access to fixed and variable rate student loan products for refinancing existing student loans after graduation or to finance an MBA while in school; and offers SmartSave, a product that enables customers to move the monthly savings from their student loan refinancing into a compound wealth generating cash account. In addition, it enables businesses to manage their student loan debt of its employees. CommonBond, Inc. was founded in 2011 and is based in New York, New York.
Roofstock, Inc. is an online marketplace that facilitates investment in leased single-family rental homes. Founded in 2015 and headquartered in Oakland, California, the company provides investors with access to independently certified properties, complete with research, analytics, and market insights. This platform allows users to evaluate properties based on their investment potential and cash flow without the complexities of managing vacant homes that require repairs and leasing. Roofstock aims to simplify the real estate investment process by enabling clients to treat their property investments similarly to stock portfolios, emphasizing asset allocation. The marketplace also assists sellers in marketing tenant-occupied properties, minimizing income loss and tenant disruption.
Ladder Financial Inc. is an online platform that specializes in term life insurance services, operating from Palo Alto, California since its incorporation in 2015. The company offers instant, fully underwritten life insurance policies directly to consumers, simplifying the application process by removing the need for commissioned sales agents. Ladder aims to address the significant life insurance gap in the United States by providing competitive pricing, transparency, and flexible coverage options that can be adjusted or canceled at any time. By leveraging advanced technology and a direct-to-consumer model, Ladder seeks to enhance accessibility and fairness in life insurance, ultimately supporting underinsured families and communities.
Roofstock, Inc. is an online marketplace that facilitates investment in leased single-family rental homes. Founded in 2015 and headquartered in Oakland, California, the company provides investors with access to independently certified properties, complete with research, analytics, and market insights. This platform allows users to evaluate properties based on their investment potential and cash flow without the complexities of managing vacant homes that require repairs and leasing. Roofstock aims to simplify the real estate investment process by enabling clients to treat their property investments similarly to stock portfolios, emphasizing asset allocation. The marketplace also assists sellers in marketing tenant-occupied properties, minimizing income loss and tenant disruption.
RevolutionCredit, Inc. is a behavioral data and analytics firm specializing in the consumer credit decisioning process. Based in Irvine, California, the company offers innovative solutions such as BeyondMyScore, which captures predictive behavioral signals from consumers at the point of transaction, enhancing lenders' acquisition and account management capabilities across the credit risk spectrum. Additionally, RevolutionCredit provides BackOnTrack, a solution designed to leverage behavioral science for optimizing collections outcomes for creditors. Founded in 2010, the firm focuses on delivering real-time behavioral scores that enable creditors to better risk-segment consumers and encourage positive changes in their financial behaviors.
Roofstock, Inc. is an online marketplace that facilitates investment in leased single-family rental homes. Founded in 2015 and headquartered in Oakland, California, the company provides investors with access to independently certified properties, complete with research, analytics, and market insights. This platform allows users to evaluate properties based on their investment potential and cash flow without the complexities of managing vacant homes that require repairs and leasing. Roofstock aims to simplify the real estate investment process by enabling clients to treat their property investments similarly to stock portfolios, emphasizing asset allocation. The marketplace also assists sellers in marketing tenant-occupied properties, minimizing income loss and tenant disruption.
Ladder Financial Inc. is an online platform that specializes in term life insurance services, operating from Palo Alto, California since its incorporation in 2015. The company offers instant, fully underwritten life insurance policies directly to consumers, simplifying the application process by removing the need for commissioned sales agents. Ladder aims to address the significant life insurance gap in the United States by providing competitive pricing, transparency, and flexible coverage options that can be adjusted or canceled at any time. By leveraging advanced technology and a direct-to-consumer model, Ladder seeks to enhance accessibility and fairness in life insurance, ultimately supporting underinsured families and communities.
Level, operating under the name Zero Financial, Inc., is a financial technology company based in San Francisco, California, that offers a modern mobile banking experience. The company's primary products include a mobile banking application, a debit card known as Zerocard, and a checking account called Zero Checking. The app provides users with real-time insights into their finances, displaying debit card purchases alongside other transactions to help manage their budgets effectively. Unlike traditional banking options, Zerocard combines the convenience of a debit card with the benefits of a credit card, offering users unlimited cash back rewards ranging from 1.0% to 3.0% on expenditures, as well as competitive annual interest rates on account balances. Level aims to eliminate common banking fees, striving to simplify personal finance management for its users.
Scorenomics is a behavioral data and analytics firm that delivers real-time behavioral scores to creditors at the point of transaction. Its platform addresses both the emotional and financial aspects of delinquency, improves customers' payment rates, and identifies normally declined applicants, enabling lenders to easily build empathy into collections treatments and have consumers engage and get up-to-date.
Migo operates a digital Credit-as-a-Service platform designed for banks, mobile operators, retailers, and payment processors, primarily in emerging markets. Founded in 2014 and based in San Francisco, the company provides a suite of tools, including APIs, frameworks, and consumer insights, enabling partners to develop innovative credit services. Migo's platform enhances traditional banking and payment card systems, allowing enterprises to extend credit to their customers effectively. Additionally, Migo offers an in-memory analytics service that processes large volumes of mobile data, helping mobile operators monetize their data and assisting financial institutions in reaching more clients. Its services include credit scoring based on mobile behavior, fraud detection, customer identity verification, and risk analysis, all aimed at improving financial access and security for consumers.
Mirador Financial, Inc. operates a business lending platform designed to assist lenders in borrower acquisition, digital application processing, decision-making, and communication. Founded in 2013 and based in Portland, Oregon, Mirador offers a cloud-based application process that includes API integration, product routing, and policy integration. The platform features a streamlined user experience, digital memos, loan overviews, and automated decision-making, all while ensuring data encryption and security. Mirador's tools enhance efficiency, reportedly increasing lending process efficiency by 69% and reducing origination costs by an average of $1,550. It supports a range of small business lending products, including term loans, collateralized loans, SBA guaranteed loans, and commercial real estate loans, with amounts ranging from $1,000 to over $20 million. As of December 2018, Mirador operates as a subsidiary of CUNA Mutual Holding Company.
CommonBond, Inc. provides online lending services to students to pay for higher education in the United States. It refinances and finances undergraduate and graduate student loans, parent PLUS loans, and MBA student loans. The company enables students to gain access to fixed and variable rate student loan products for refinancing existing student loans after graduation or to finance an MBA while in school; and offers SmartSave, a product that enables customers to move the monthly savings from their student loan refinancing into a compound wealth generating cash account. In addition, it enables businesses to manage their student loan debt of its employees. CommonBond, Inc. was founded in 2011 and is based in New York, New York.
Ladder Financial Inc. is an online platform that specializes in term life insurance services, operating from Palo Alto, California since its incorporation in 2015. The company offers instant, fully underwritten life insurance policies directly to consumers, simplifying the application process by removing the need for commissioned sales agents. Ladder aims to address the significant life insurance gap in the United States by providing competitive pricing, transparency, and flexible coverage options that can be adjusted or canceled at any time. By leveraging advanced technology and a direct-to-consumer model, Ladder seeks to enhance accessibility and fairness in life insurance, ultimately supporting underinsured families and communities.
Affirm is a financial technology company that offers installment loans to consumers at the point of sale, allowing them to make purchases from online merchants and pay for them in fixed monthly installments. Founded in 2012 and headquartered in San Francisco, with an additional office in Chicago, Affirm aims to provide transparent financial products that empower consumers and enhance their buying experience. Customers can select Affirm as a payment method at checkout, complete a real-time application, and choose a payment plan that aligns with their budget. The service stands out by offering upfront pricing with no hidden fees or compounding interest, unlike traditional credit options. Affirm partners with over 2,000 merchants across various sectors, including retail, travel, and electronics, to provide consumers with a flexible alternative to credit cards. Loans are facilitated through a partnership with Cross River Bank, ensuring a reliable financing option for users.