EarnUp, a San Francisco, CA-based provider of a financial technology platform that intelligently automates loan payment scheduling, raised $25M in funding.
The round was led by Bain Capital Ventures with participation from SignalFire, Blumberg Capital, and Flourish Ventures.
The company intends to use the funds to expand adoption of its platform.
Led by Nadim Homsany, co-founder and CEO, EarnUp provides the GetAhead platform, which gives mortgage providers early warning of at-risk loans to reduce costs while preserving financial health for homeowners. With more than $10B in loans under management, EarnUp is able to provide mortgage providers and servicers with advance notice on loans that are at risk of entering forbearance or might qualify for a refinance. Rather than relying on homeowners to initiate a loan modification, the newly expanded GetAhead Dashboard automatically provides companies with 15-day advance warning on these accounts.