Perch
Latest round
- Series A
Last raised
- Oct 2022
Total raised
- $0.8M
Investors
- 3
About Perch
Founded in 2018 in Toronto, Canada, Perch simplifies the mortgage process through its online brokerage services.Perch offers a comprehensive digital platform designed to simplify the mortgage process for Canadians. Their core product is an online mortgage brokerage that facilitates quick pre-approval, providing users with access to over 30 mortgage lenders. The platform allows users to compare mortgage rates directly, calculate their monthly payments, and assess the potential costs of borrowing.Perch generates revenue primarily through partnerships with mortgage lenders, who compensate the company for successful mortgage placements. Each transaction involves a client utilizing the platform to get pre-approved for a mortgage, during which they provide their financial details and select their desired mortgage options. Upon closing a mortgage, the lenders pay Perch a fee, thereby establishing a commission-based revenue model. This structure promotes a win-win scenario for both clients and lenders, as clients benefit from competitive rates and transparency, while lenders gain access to a wider customer base through Perch’s platform. The company plans to launch new features aimed at enhancing the user experience and is targeting expansion into additional Canadian markets. These initiatives will support the company’s growth strategy as it seeks to increase its market presence and customer base.
Who invested in Perch
3 investors across 2 rounds
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Questions about Perch
Who invested in Perch?
Perch has 3 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Perch raised?
Perch has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did Perch last raise money?
Perch's most recent round on record is a Series A, in Oct 2022.
What does Perch do?
Founded in 2018 in Toronto, Canada, Perch simplifies the mortgage process through its online brokerage services.
Where is Perch headquartered?
Perch is headquartered in Toronto, Canada.
Which VCs invest in companies like Perch?
Among active investors with capital left to deploy, Radical Ventures, Ribbit Capital, TrueBridge Capital Partners and Tribe Capital back financial services companies at Perch's stage. Their profiles are linked below.
VCs backing financial services startups at Series A
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