# Moregidge

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/moregidge

- Industry: Financial Services
- Headquarters: Toronto, Canada
- Website: www.doorr.com
- Total disclosed funding: $1.8M
- Latest round: Seed (May 6, 2020)
- Investors on record: 2

## About

Moregidge Inc. is a technology company specializing in innovative solutions for the financial services sector, particularly focusing on mortgage-related technologies and services to enhance lender-broker interactions and streamline operations.Moregidge Inc. was founded in 2018 and is based in Toronto, Canada. The company was established to provide advanced technology solutions for the financial services sector, specifically in mortgage technology. On October 21, 2020, Moregidge was acquired as part of a strategic move by Filogix. The investment target in this deal was Moregidge, with Celtic House Venture Partners leading the latest funding round. The company has completed a total of 3 deals since its inception and raised a total of USD 1.75 mn through a SEED funding round.Moregidge Inc. offers a comprehensive suite of technology solutions tailored for the financial services sector, with a strong emphasis on mortgage technology. Their core products include the Filogix Mortgage Marketplace, which connects lenders and brokers to facilitate efficient processing of mortgage applications. Additionally, their Filogix Expert Solutions and Private Lender Gateway services enhance lender operations and improve borrower experiences, addressing the challenges faced by mortgage professionals across North America and Europe.Moregidge generates revenue through a structured business model primarily based on subscriptions and service agreements. Clients enter into multi-year contracts that provide access to their suite of products, which include the Filogix platform. Revenue is recognized as clients utilize the software solutions, with pricing reflecting the operational scale of the clients and the specific services deployed, ensuring a consistent cash flow as firms utilize Moregidge's technology to enhance their mortgage processing capabilities.Looking ahead, Moregidge plans to innovate and expand its product offerings, with new solutions aimed at optimizing mortgage processing expected to be released in the coming years. The company is also targeting expansion into additional markets within North America and Europe, aiming to enhance its reach by 2023. The recent funding from the SEED round, amounting to USD 1.75 mn, will be allocated towards these product development initiatives and market expansion efforts.

## Funding rounds

- Seed, May 6, 2020, $1.8M — Celtic House Venture Partners, MaRS Investment Accelerator Fund

## Investors

- Celtic House Venture Partners (https://capitalatlas.ai/funds/celtic-house-venture-partners) — Seed
- MaRS Investment Accelerator Fund (https://capitalatlas.ai/funds/mars-investment-accelerator-fund) — Seed