Roostify, a San Francisco, CA-based digital mortgage lending platform, raised a funding round led by Santander InnoVentures.
The amounf of the deal was not disclosed.
The company intends to use the funds to consolidate its new product roadmap and expand its international reach outside of the United States.
Santander InnoVentures, Santander Group’s fintech venture capital fund, has already invested in the company in February 2018.
Founded in 2012 and led by Rajesh Bhat, CEO, Roostify provides a cloud-based digital lending platform, which enables mortgages to be done via smartphone, customers and lenders to accelerate the home loan experience improving speed, eliminating paper as well as simplifying the process to reduce costs.
The company processes nearly $20 billion a month in loans.