Pylon, a New York-based provider of an embedded mortgage infrastructure platform, raised $8M in Seed funding.
The round was led by Conversion Capital with participation from Fifth Wall, Peter Thiel, QED Investors, Montage Ventures, Village Global, and angels coming from Ramp, Blend, Zillow, SoFi, and Figure.
The company intends to use the funds to accelerate its product development and recruitment efforts.
Founded in 2022 by Trent Hedge and Marco Monteiro, Pylon is a provider of API-first, mortgage-as-a-service software + financial infrastructure. The technology allows FinTechs, PropTechs, banks, and retail brands to originate, underwrite, process, fund, and close loans atop their platform built for developers.
This includes:
- End-to-End White Labeling to deliver an on-brand, in-product experience using pre-built UI components, a borrower communications engine, and an authentication layer
- Flexible API & Integrations to design custom interfaces, pre-fill loan applications, instantly verify income, assets, pull credit, and more
- Table Funding & Capital Markets provide a capital market stack and a variety of loan products at competitive rates with pre-arranged debt capital
- Underwriting Logic Built-In to deliver quick and accurate decisions to borrowers with a credit decisioning engine, maximum affordability approvals, automated tasking, and more
- Regulatory Compliance & Lending Support by a team of experts to simplify set up and provide ongoing maintenance along with borrower assistance
FinSMEs
06/12/2022