• FOUNDING YEAR: 2018
    LOCATION:
    United States
    REGION:
    California
    Last Update:
    24 Dec, 2019

Description

FOCUS

PRODUCTS & SERVICES:
It offers equity release solutions like home equity lines of credit, home improvement loans, and home buy-lease back offerings for retirement. It is also building a blockchain protocol for the origination, custody, trading, and securitization of whole loans and other assets.

PEOPLE

FOUNDERS:
Cynthia Chen, June Ou, Michael Cagney, Sara Priola, Alana Ackerson
NUMBER OF EMPLOYEES:
51-200
INVESTORS:
DCM Ventures, Ribbit Capital, Mithril Capital Management

TRACTION

Insufficient information for accurate analysis

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$115 Million
DATE OF LAST FUNDING:
May 2018
TOTAL FUNDING COMMENT:
The company is planning to use the fund to utilize the blockchain as it tries to build a faster, cheaper and more secure way to create and package financial assets. It will build a system that facilitates financing, that would ultimately act as a market where people can buy and sell credit(May 2018).
FUNDING SERIES:
SERIES A
$50 Millions Closed: May 2018
SERIES B
$65 Millions Closed: Feb 2019
DEBT FUNDING:
$1 Billion
LISTED:
NO
ICO:
$20 Millions

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