Roostify, a San Francisco, CA-based digital lending platform provider, completed a $25m Series B round of financing.
The round included new investments from Cota Capital, Point72 Ventures, and Santander Innoventures, the venture capital arm of Banco Santander, as well as previous investors JPMorgan Chase, Colchis Capital, and a subsidiary of USAA.
The company will use the new funds to expand its presence in the enterprise space, enhance its platform, and enter new markets.
Launched in 2014 by Rajesh Bhat, CEO, Roostify provides an enterprise-class digital lending platform used by lenders across the US to accelerate, simplify, and reduce costs around the origination process. Its cloud-based, API-enabled solution allows lenders to offer their clients a branded experience from searching to closing their home loan.
The company recently announced an integration with LendingTree, which enables consumers to shop for a loan and then get that loan with their preferred lender in a few clicks, and previously introduced the new Decision Builder tool to improve education for consumers and lead quality for lenders.