Lenda, a San Francisco, CA-based home loan refinancing startup, received $1.54m in seed funding.
Backers included Tom Fallows of Google Shopping Express, Structure Capital, Winklevoss Capital, China Growth Capital, Naval Ravikant, Scott & Cyan Bannister, and Jared Kopf.
The company intends to use the funds to grow in new markets and simplify the overall user process.
Led by Jason van den Brand, co-founder, Lenda provides an online platform that allows homeowners to complete their home loan online from start to finish. The software enables homeowners to compare loan options, complete their application, e-sign disclosures, upload their documents, and lock-in their rate.
It is available for homeowners in California.
Lenda is a 500 Startups-graduated company.