Illinois based lending platform MortgageHippo has raised $2.25 in Series Seed funding led by CMFG Ventures. MortgageHippo’s flagship product, Swift, is a white-label solution for lenders looking to offer mortgages online. Founded as a consumer-facing business in 2013, the company shifted its focus to white-label software in early 2016.
MortgageHippo, a Chicago-based digital mortgage startup, announced it has closed a $2.25 million seed round. The company will use the funding to expand its salesforce and software development team. MortgageHippo’s flagship product, Swift, is a white-label solution for lenders looking to offer mortgages online. Founded as a consumer-facing business in 2013, the company shifted its focus to white-label software in early 2016. Co-founder and CEO Valentin Saportas said the company pivoted after seeing a “perfect storm” of market developments driving traditional mortgage providers to take a closer look at new technological solutions.
http://www.builtinchicago.org/2017/04/18/mortgagehippo-2m-seed-round
