Maxwell Financial Labs

lendingother lending

FOUNDING YEAR: 2015
LOCATION: United States
Last Update: 19/01/2021

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About

Hi, we're Maxwell. Were on a mission to revolutionize the $8.5T residential mortgage market by reimagining how lenders work together with homebuyers and real estate agents to buy a home. We connect this network on one seamless, intuitively-designed platform, so the focus isnt the paperwork, its the place to call home.We are homebuyers ourselves who went through the unnecessary complexity of getting a mortgage. So, we decided to take our experience in design, technology, financial services and cybersecurity to do something about it. Mortgages are about to get a whole lot easier -- for borrowers, for loan officers and for realtors. We can't wait!

MEDICI Analysis

Maxwell is a SaaS-based platform providing loan origination tool to lenders. Maxwell's platform connects mortgage lenders with home buyers to digitalize the loan process and connected over 15,000 financial institutions to automate paperwork and signatures. Maxwell empowers mortgage lenders to be more connected, productive and successful by intelligently automating their workflow with homebuyers and real estate agents.

Focus

PRODUCTS & SERVICES

Automated loan origination tool for mortgage lenders.

REVENUE MODEL

Maxwell earns revenue based on the SaaS-based pricing model. It mainly focus on individual loan officers and branch managers.

MAIN CLIENTS

NOVA Loans

8Z Mortgage

Megastar Financial Corp

American Pacific Mortgage

Newamerican funding

COMMENT

Maxwell's proprietary algorithms, built on its network of data aggregated across loans, will enable its lenders to move efficiently by delivering insights and workflow adjustments.

Traction

COMPANY TYPE:

For Profit

ACTIVE USERS COMMENT:

Maxwell’s platform has facilitated over $6 billion of mortgage volume for tens of thousands of homebuyers across the United States (Dec 2017).

People

FOUNDERS

John Paasonen

BOARD MEMBERS AND ADVISORS

Sean Park

Ran Harpaz

Colin Walsh

Troy Henikoff

Craig Wildrick

Jonathan Levav

Mani Honigstein

NUMBER OF EMPLOYEES

11-50

INVESTORS:

Anthemis Group

Assurant Inc

David Clouse

John Rokos

Math Venture Partners

Michael Coors

Right Side Capital Management

Route 66 Ventures

Route66 Ventures

Sovereign’s Capital

Techstars

Techstars Ventures

Zelkova Ventures

Assurant Growth Investing

Cantos

ThirdStream Partners

Star Power Partners LLC

Techstars Boulder Accelerator

KEY EMPLOYEES:

John Paasonen(CEO); Rutul Dave(CTO)

Momentum

FUNDED

YES

NUMBER OF FUNDING ROUNDS

4

TOTAL FUNDING

$8.76 M

DATE OF LAST FUNDING

Jun 2020

IPO STATUS

Private

TOTAL FUNDING COMMENT

The company is planning to use the funds to capitalize on its accelerating growth and further increase its pace of innovation (Dec 2017).

ESTIMETED REVENUE RANGE

$10M to $50M

SEED & PRIOR FUNDING

$3.76 M

SEED CLOSED ON

Dec 2017

FUNDING SERIES

SERIES A  · $5 M  · Jun 2020

LISTED

NO

COMMENT

Venture fund: $ 3M(Dec 2017)

company provided insights
Web Traffic

Web Traffic

MONTHLY VISITS

40,815

AVERAGE VISITS (6 MONTHS)

23,268.86

MONTHLY VISITS GROWTH

95.72%

VISIT DURATION

432

VISIT DURATION GROWTH

49.25%

PAGE VIEWS VISIT

4.79

PAGE VIEWS VISIT GROWTH

75.84%

BOUNCE RATE

40.28%

BOUNCE RATE GROWTH

4.02%

GLOBAL TRAFFIC RANK

484,004

MONTHLY RANK CHANGE

-716,935

MONTHLY RANK GROWTH

-59.7%

Innovation Programs

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