Sindeo, a San Francisco, CA-based mortgage marketplace, raised $5m in Series A funding.
The round, which followed an earlier $1.5m seed round, was led by Renren, with James Liu, Co-Founder and COO, joining Sindeo’s Board of Directors. Arkadi Kuhlmann also joined as an investor.
The company intends to use the funds to expand operations beyond California.
Co-founded by CEO Nick Stamos and Ori Zohar, Sindeo uses technology to streamline the mortgage process, connect people with the right lenders and provide guidance from its local mortgage advisors.
The company has more than 40 employees.