Wiseday Raises $5M in Seed Funding

Canada
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Wiseday Financial
From left to right: Andrew Peker (Head of Product), Stephane Bischoff (Head of Engineering), Eric Dahan (CEO), Tony Morino (VP of Sales & Strategy) (Photo: Business Wire)

Wiseday Financial, a Montreal, Canada-based company that brings instant mortgage pre-approvals to Canada, raised $5M in Seed funding.

The round was led by Havery Capital.

The company intends to use the funds to scale its technology team to further innovate the consumer experience and enhance its proprietary internal and B2B tools.

Founded in 2021 and led by CEO Eric Dahan, Wiseday brings instant mortgage pre-approvals offering mortgage letters that can be purchased in a few minutes. Here’s how it works:

  1. The customer is asked a brief series of qualifying questions (3-minute process)
  2. Identity and income are instantly (and securely) verified, powered by Plaid
  3. Credit health is automatically assessed, with no impact on credit score
  4. A proprietary algorithm determines how much mortgage the customer qualifies for

FinSMEs

23/11/2022