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Boston-based Stavvy Raises $40M in Funding Round - Banker & Tradesman

Boston-based Stavvy Raises $40M in Funding Round May 25, 2021 | Reprints | Print Boston-based financial technology firm Stavvy has raised $40 million in a funding round and partnered with a Michigan-based lender as the fintech continues to build digital banking and lending platforms. Stavvy said in a statement yesterday that it had raised the capital in a Series A funding round that was led by Morningside Technology Ventures, a private equity and venture capital investment firm based in Cambridge and Hong Kong. In raising over $40 million, Stavvy completed the largest ever Series A funding round for a New England-based financial, legal or property technology company, according to the statement.

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Stavvy Announces Over $40 Million in Series A Financing, Partners with Flagstar Bank to Provide COVID Loan Relief to Consumers

The raise is the largest Series A in New England FinTech and PropTech history Kosta Ligris and Josh Feinblum, co-founders of Stavvy Kosta Ligris and Josh Feinblum, co-founders of Stavvy BOSTON, May 24, 2021 (GLOBE NEWSWIRE) Stavvy, the Boston-based fintech platform, today announces a $40+ million Series A funding round. The investment will be used to expand the company’s aggressive hiring initiative to accelerate growth in paperless and digital solutions for banking and lending, which has seen explosive demand and interest especially in loan servicing, a critical solution during the COVID-19 pandemic as Americans under financial duress continue to face losing their homes. The round was led by Morningside Technology Ventures, a private equity and venture capital investment firm based in Cambridge and Hong Kong. At over $40M, it is the largest Series A in New England FinTech, LegalTech and PropTech history. Part of this funding will be used to hire several key new team members,

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Stavvy lands $40M in funding, signs Flagstar Bank

Inman Connect Paperless closing provider Stavvy has landed $40 million in Series A funding from Morningside Technology Ventures, which the company says will allow it to bring its expertise to bear in helping mortgage lenders serve troubled borrowers. The Boston-based startup also announced a deal to provide remote loan modification services to Flagstar Bank a major expansion of the company’s customer base in mortgage loan servicing. Flagstar, a top 20 mortgage lender that does business nationwide, last month announced a $2.6 billion merger with New York Community Bancorp Inc. Stavvy is one of fewer than a dozen companies certified to conduct remote online notarizations by the Mortgage Industry Standards Maintenance Organization (MISMO). Its competitors include MISMO-certified companies Black Knight, eNotaryLog, Hercules Holding, Nexsys, Notarize, NotaryCam, Pavaso, Signix and Snapdocs.

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Servicing, Corresp , MLO Jobs; Servicing Risk, HELOC, MI, eClosing Products; Investor Disaster News

Servicing, Corresp , MLO Jobs; Servicing Risk, HELOC, MI, eClosing Products; Investor Disaster News
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AE, MLO Jobs; VOA, Processing, Pricing, Marketing, Comp Webinar Tools; Investors Agency Changes

AE, MLO Jobs; VOA, Processing, Pricing, Marketing, Comp Webinar Tools; Investors Agency Changes
mortgagenewsdaily.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mortgagenewsdaily.com Daily Mail and Mail on Sunday newspapers.

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