PollyEx, Inc.
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PollyEx, Inc. - overview
Established
2019
Location
San Francisco, CA, US
Primary Industry
Financial Services
About
PollyEx, Inc. is a US-based company specializing in capital markets solutions that enhance the mortgage value chain through innovative technologies, providing efficiency and transparency in loan pricing and trading processes. Founded in 2019 in San Francisco, US, PollyEx, Inc. operates a platform designed to streamline capital markets for mortgage lenders.
The company has executed 4 funding deals, with the latest being a USD 25 mn Growth round on September 10, 2024, led by 8VC and supported by other investors including Fifth Wall Ventures and Khosla Ventures. Adam Carmel, the CEO and a founder, has a history in the tech industry, focusing on innovation in financial services. PollyEx offers a comprehensive capital markets platform that optimizes the mortgage value chain from rate lock to loan sale and delivery. Its offerings include a patent-pending pricing engine, a hedge-agnostic Loan Trading Exchange, and advanced data analytics tools, benefiting lenders of various sizes and enhancing transparency in loan transactions.
PollyEx generates revenue through a subscription-based model, with clients paying for access to its capital markets solutions. Revenue streams are derived from partnerships with mortgage lenders utilizing the platform for loan-related services, including pricing and analytics, typically structured as monthly or annual subscription fees. In September 2024, PollyEx raised USD 25 mn in growth funding to accelerate its expansion efforts, fund research and development, and innovate product offerings. The company plans to introduce new features to its platform and expand into new geographic regions, enhancing its presence in the mortgage industry.
Recent funding will support these initiatives aimed at improving product capabilities and market reach.
Current Investors
Menlo Ventures, Meritech Capital Partners, Khosla Ventures
Primary Industry
Financial Services
Sub Industries
Mortgage Banking, Accounting/Finance Software
Website
www.polly.io/
Verticals
Artificial Intelligence, Big Data, Cloud Computing, FinTech, Mobile Apps
Company Stage
Mature - Growth Capital
Total Amount Raised
Subscriber access only
PollyEx, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Growth | Completed | PollyEx, Inc. | - |
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