MortgageHippo
Latest round
- Seed
Last raised
- Apr 2017
Total raised
- $1.5M
Investors
- 1
About MortgageHippo
MortgageHippo, Inc.MortgageHippo, Inc. is a company that focuses on simplifying the mortgage process through technology. Founded in 2013, the firm is headquartered in Chicago, US. The company was co-founded by Michael Salichs and Valentin Saportas, who has prior experience in the tech industry.Revvin, formerly known as MortgageHippo, offers a comprehensive platform designed to streamline the mortgage process for both lenders and consumers. The company's core product is a digital mortgage origination system that enhances the customer experience by providing an intuitive interface for borrowers to apply for loans. This platform facilitates various stages of the mortgage process, including application submission, document verification, and loan processing. Revvin’s primary client base consists of mortgage lenders, banks, and credit unions, which utilize the platform to improve efficiency and reduce the time required to close loans. The end users are primarily homebuyers and homeowners seeking refinancing options.Revvin generates revenue primarily through partnerships with financial institutions that utilize its digital mortgage origination platform. These partnerships typically involve subscription-based pricing, where lenders pay a recurring fee to access the platform's features and functionalities. In a typical transaction, a mortgage lender would pay for access to the system to facilitate the processing of mortgage applications from consumers. Additionally, Revvin may offer tiered pricing plans that correspond to the level of service requested, including basic access to essential features and premium options that provide advanced analytics and customization capabilities. Future plans include launching new features aimed at enhancing user experience and increasing operational efficiency by the end of 2023. MortgageHippo is also targeting expansion into new geographic markets, specifically in the southeastern regions of the United States, to capture a larger customer base and respond to increasing demand for digital mortgage solutions.
Who invested in MortgageHippo
1 investor across 1 round
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Funding rounds
Seed
Apr 18, 2017
Amount
$1.5M
Investors
Questions about MortgageHippo
Who invested in MortgageHippo?
MortgageHippo has 1 investor on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has MortgageHippo raised?
MortgageHippo has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did MortgageHippo last raise money?
MortgageHippo's most recent round on record is a Seed, in Apr 2017.
What does MortgageHippo do?
MortgageHippo is a financial services company.
Where is MortgageHippo headquartered?
MortgageHippo is headquartered in Chicago, US.
Which VCs invest in companies like MortgageHippo?
Among active investors with capital left to deploy, Radical Ventures, Ribbit Capital, TrueBridge Capital Partners and Tribe Capital back financial services companies at MortgageHippo's stage. Their profiles are linked below.
VCs backing financial services startups at Seed
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