Nexera Holding, LLC, an Emeryville, CA-based technology-enabled residential mortgage lender, received a growth investment from funds affiliated with Warburg Pincus.
The amount of the deal was not disclosed.
The company intends to use the funds to further advance the technology platform and accelerate its expansion plans.
Founded in 2014 by CEO Steve Abreu, Nexera operates under two national brands:
– Newfi, a consumer-direct business lender that simplifies borrowing and reduces costs through mortgage lending technology, and
– Blustream, which is focused on providing its wholesale partners with low pricing and a growing range of innovative lending products.
FinSMEs
26/01/2017