Lenda, a San Francisco, CA-based online mortgage platform, raised $2m in seed funding.
The round was led by Lakestar with participation from Rubicon Ventures and 500 Startups.
The company intends to use the funds to continue to expand the service into additional cities during 2016.
Led by Jason van den Brand, CEO, and Elijah Murray, CTO, Lenda provides a platform that allows homeowners to refinance their mortgage completely online. software enables homeowners to compare loan options, complete their application, securely manage documents, and keep track of their loan’s status.
Since graduating tech accelerator 500 Startups in summer 2014, Lenda has surpassed $60m in loans processed for homeowners in California, Washington and Oregon.