Sign in
  • Home
  • Fintech
  • Lending
  • Credit
  • Insurance
  • Wealth
Sign in
Welcome!Log into your account
Forgot your password?
Privacy Policy
Password recovery
Recover your password
Search
Monday, March 1, 2021
  • Sign in / Join
  • About W7 News
  • Contact
Sign in
Welcome! Log into your account
Forgot your password? Get help
Privacy Policy
Password recovery
Recover your password
A password will be e-mailed to you.
  • Home
  • Fintech
  • Lending
  • Credit
  • Insurance
  • Wealth
W7 News
Home Lending

Roostify Secures $32M Funding to Boost Lending Solutions

By
Anthony Chua
-
January 26, 2021

Digital platform for home lending Roostify has raised a Series C funding worth $32 million amid the unstable real estate market.

The company that connects customers and lenders for buying a house, is leveraging on the hot residential market, as data shows a massive increase in home buying. According to CNBC, home sales in the United States hit a 14-year high last year.

With the recent funding, Roostify now has $65 million capital in total, with the Series C funding led by Ten Coves Capital. The home lending firm is using the money to simplify the home buying experience through artificial intelligence.

Roostify Boost Lending Solutions

Additionally, the company will be boosting its internal force, growing its staff by 50 percent. Boosting the process of buying a house can make the experience reliable and convenient, attracting more customers. This is part of the long-term strategy of Roostify to acquire more customers.

“What we saw were two things: with existing users in our platform, an increase in digital engagement, meaning using more of the solution, turning more of the features on. And two, for existing customers to add more users as well,” said CEO Rajesh Bhat.

There’s a focus on making home buying digital, meaning, there’s no need to meet any company representative to process the home loan or mortgage. This concept comes after the global pandemic has made everyone afraid to come out of their houses and meet people.

Through artificial intelligence, Roostify can decrease reliance on physical interactions with applicants, at the same time, boost document processing time. To date, the company has about 200 lending institutions on its platform, including TD Bank, JPMorgan Chase, Santander Bank, and HSBC.

Investors like Ten Coves Capital are excited about the digitization, citing a great market transformation to speed up the home buying process as a whole.

Facebook
Twitter
Pinterest
WhatsApp
    Previous articleChina at the Forefront of Foreign Direct Investment
    Next articleFintech Startup MPower Raises $25M
    Anthony Chua

    RELATED ARTICLESMORE FROM AUTHOR

    Santander Vows to Slash Lending to Coal-Focused Firms
    Lending

    Santander Vows to Slash Lending to Coal-Focused Firms by 2050

    UpEquity Real Estate Lending
    Lending

    UpEquity Raises $25M Series A for Real Estate Lending

    Eduvanz Raises Debt Funding
    Lending

    Eduvanz Raises $10M in Debt Funding, Aims for Expansion

    RECENT POSTS

    Zelros Gains $11M in Funding for AI-Powered Insurance

    Insurance Anthony Chua - March 1, 2021 0

    TymeBank Secures $109M in Funding, Gears for Asian Expansion

    Fintech Louise Garay - February 26, 2021 0

    Washington Eyes Taxing Wealthy More For Fairness Code

    Wealth Christine Parungao - February 25, 2021 0

    Auto Insurance Payment Via Bitcoin Gains Approval from Some Companies

    Insurance Anthony Chua - February 24, 2021 0

    Santander Vows to Slash Lending to Coal-Focused Firms by 2050

    Lending Mirka Santos - February 23, 2021 0

    The latest news surrounding fintech, lending, credit, insurance and wealth.

     

    W7 Media - Durres, Durres, Lagjja nr.3, rruga “Grigor Durrsaku”, brenda ambienteve te “EGT” Center, kt.4, nr.24, Albania

    Contact us: tips@w7news.com

    POPULAR POSTS

    Axis Bank Offering Complimentary Flight Ticket As Welcome Gift With Their...

    Credit January 18, 2019

    HSBC Offering Up To £1,000 Credit Limit On Their Classic Credit...

    Credit January 21, 2019

    Kotak Bank Offering 2000 Bonus Reward Points on Their Urbane Gold...

    Credit February 18, 2019

    POPULAR CATEGORY

    • Credit393
    • Fintech353
    • Wealth330
    • Lending329
    • Investment323
    • Insurance321
    • About W7 News
    • Privacy Policy
    • Contact
    © W7 News. All rights reserved.