Staircase, a Philadelphia, CA-based company building integrated, digital infrastructure to accelerate tech-enabled mortgages, secured $18m in Series A funding.
The round was led by Bessemer Venture Partners with participation from Avid Ventures, Clocktower Technology Ventures, Metaprop Ventures, RRE Ventures, and Zigg Capital, as well as a collection of notable angels, including Tom Montag, COO of Bank of America.
The company intends to use the funds to expand operations and its business reach.
Led by Adam Kalamchi, CEO and founder, Staircase is an API marketplace that creates an integration layer that allows all parties in the mortgage origination process to communicate with one another from the time an application is made through to closing and fulfillment and servicing. As an API layer, Staircase integrates with any existing system or process. It has built adapters specifically for integrations with some of the leading mortgage point-of-sale (POS) and loan origination system (LOS) platforms in addition to dozens of service and technology providers that must communicate with those systems.
The company has employees in over 20 countries.