Maxwell Financial Labs, Inc.
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Maxwell Financial Labs, Inc. - overview
Established
2015
Location
Denver, CO, US
Primary Industry
Software
About
Based in Colorado, US and founded in 2015, Maxwell Financial Labs, Inc. is a provider of a digital mortgage and fulfillment platform for small to midsize mortgage lenders, including non-depository mortgage banks, community banks, brokers and credit unions. As of August 2021, John Paasonen is the current CEO of the company. In March 2021, the company raised USD 16.
3 million in a Series B funding co-led by Fin Venture Capital and TTV Capital, with participation from Prudence Holdings, Rotor Capital, Anthemis Group, Cantos Ventures, Route 66 Ventures, Sovereign Capital Partners, and Thirdstream Partners, resulting in total funding of USD 21. 25 million. The company offers digital platforms, Fulfillment Services and Diligence Services having multiple features including QuickApply™ pre-fill loan application, smart and fully customizable 1003, and White-label branding. Under the Fulfillment Services, the company provides processing services, closing services and underwriting services.
The company generates revenue through a SaaS model, where clients purchase services. The pricing of processing services ranges between USD 300 to USD 450, underwriting services range USD 250 to USD 350 and closing services ranges up to USD 123 per borrower file. The company plans to use its proceeds from March 2021 to further penetrate the USD 4 trillion US mortgage market as well as accelerate digitization for small and midsized lenders.
Current Investors
Sovereign Capital Partners, Zelkova Ventures, Techstars
Primary Industry
Software
Sub Industries
e-Financial, Accounting/Finance Software, Application Integration Software
Website
www.himaxwell.com
Verticals
Artificial Intelligence, Cloud Computing, FinTech, Real Estate Tech
Company Stage
Series B
Total Amount Raised
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Maxwell Financial Labs, Inc. - employee data
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