• FOUNDING YEAR: 2014
    LOCATION:
    United States
    REGION:
    Missouri
    Last Update:
    22 Oct, 2019
    Phone:
    +1 314-748-1050

Description

FOCUS

PRODUCTS & SERVICES:
Online financial data and analytics platform. FinLocker accesses online financial information from the sources of the consumer’s choosing, including bank statements, brokerage statements, credit card statements, tax information, and other financial data. FinLocker also applies business rules and analytics to provide actionable information that can be utilized by lenders, servicers, and investors. They help businesses by providing services like automatic verification and applicant loan corroboration.
EXISTING PARTNERSHIPS:
The company has partnerships with Lenders One, Fiserv, WebMax, Equifax, The Collingwood Group, AITHERAS, VidVerify, eOriginal, and Beltway Insight.
COMMENT
FinLocker leverages aggregation technology from FiServ to enhance analytics solution for the mortgage industry. (Dec. 2017) FinLocker accesses online financial information from the sources of the consumer’s choosing, including bank statements, brokerage statements, credit card statements, tax information, and other financial data. That data can be integrated into existing loan origination and business systems. The company offers real-time verification of financial data with access to over 15,000 financial and other data sources.

PEOPLE

FOUNDERS:
Tim Stern, Barry Sandweiss, Peter Esparrago
NUMBER OF EMPLOYEES:
11-50
INVESTORS:
Cultivation Capital, SixThirty FinTech Accelerator, Holekamp Ventures, Holton Capital Group

TRACTION

COMMENT:
The company is trying to reduce borrower frustrations and lender costs associated in getting a mortgage approved as fast a possible, while increasing certainty for investors. (Aug. 2018)

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$5.4 Millions
DATE OF LAST FUNDING:
Aug 2018
TOTAL FUNDING COMMENT:
The company is planning use the funds to fuel the growth of the company. (Aug. 2018)
FUNDING SERIES:
SERIES A
$5.4 Millions Closed: Aug 2018
LISTED:
NO

LATEST RESEARCH