Lenda, a San Francisco, CA-based platform that allows homeowners to refinance or originate mortgages completely online, closed a $5.25M Series A financing.
The round was led by SF Capital Group with participation from CreditEase Fintech Investment Fund and inside investor Rubicon Venture Capital.
The company will use the new funding to fill key management positions, expand its reach to more states and increase its investment in its software platform.
Led by Jason van den Brand, Co-founder and CEO, Lenda provides a technology platform that allows homeowners to complete their home loans online from start to finish, securely. At Lenda.com, customers can find out if they are pre-approved and get real-time mortgage rate quotes. Home loan advisors support customers through the loan process by providing needed advice, guidance and reassurance via live chat, email or phone.
Launched in 2013 with a refinance product, the company currently services customers in California, Washington and Oregon and plans to expand its platform to additional states in 2017.