dv01, a NYC-based data management, reporting and analytics platform offering loan level transparency and insight into lending markets, raised $15m in Series B funding.
The round was led by Pivot Investment Partners, with participation from a new strategic investor, Regions Financial Corp., as well as existing investors, including Quantum Strategic Partners Ltd., Jefferies Financial Group Inc., Illuminate Financial Management and OCA Ventures. In conjunction with the funding, Dinkar Jetley of Pivot Investment Partners joined dv01’s board.
The company intends to use the funds to expand its data library and invest in product innovation, including adding new SaaS offerings, securitization data and integrating third-party data, as it continues to grow its customer base across lending markets, including in mortgages.
Led by Perry Rahbar, Founder and CEO, dv01 provides an end-to-end data management, reporting and analytics platform offering loan level transparency and insight into lending markets. The system has integrated data from 16 marketplace lending platforms and multiple mortgage servicers to allow over 250 institutional investors, originators, lenders and banks to gain a deeper understanding of their portfolios and the broader US lending markets.
In 2018, dv01 expanded its offerings to serve the US mortgage market, partnering with some of the largest residential mortgage investors and acting as Loan Data Agent for 10 mortgage securitizations. It will soon launch its Credit Risk Transfer Market Surveillance offering, providing investors insight into over $1.8 trillion of outstanding loans.
To date, the company has provided reporting and analytics on $105 billion of online lending and mortgage loans and $35 billion of securitization coverage.
FinSMEs
30/01/2019