Breaking News
Mortgage fintech Perch closes $4M Series A to accelerate growth
Perch, a Toronto-based fintech that helps buyers and homeowners make data-driven decisions about their mortgages and real estate, today announced the completion of a $4 million Series A funding round. Investors include Second Century Ventures, the strategic venture arm of the National Association of REALTORS®; Ontario Centre of Innovation; and B.E.S.T. Funds, an alternative asset firm investing in technology companies in the financial services, health care, media and security sectors. With a mortgage funding rate 6x more efficient than the industry average, and a 215% customer referral rate, Perch will use the investment to continue scaling and growing its operations team.
With year-over-year user growth of 130%, Perch previously announced its $1 million seed round in October 2021. Perch currently operates in all provinces and territories across Canada.
“Perch is on a mission to simplify homeownership. We enable first-time home buyers to get into the market sooner and help homeowners to build wealth efficiently by leveraging home equity,” said Alex Leduc, founder and CEO of Perch. “With over $100 million in funded mortgages to date and thousands of users that have already joined Perch, this is clear evidence we’re on the right track. As we continue growing, our employees, investors and partners are all key to our success.”
“Housing affordability and rising rates have been a major barrier to home ownership for Canadians and our real estate agents,” said Tyler Thompson, Managing Partner of Second Century Ventures. “We believe in Perch’s ability to continue improving on the existing process and product to ultimately create more solutions for borrowers and real estate agents that we know are needed in today’s market.”
“Innovation in the mortgage industry is long overdue,” said John Richardson, CEO of B.E.S.T. Funds. “By automating the mortgage broker process, Perch is well positioned to add efficiency and greater transparency for borrowers looking to find the right mortgage.”
People In This Post
- EXCLUSIVE: “Passion Project” – Brice van de Walle, Mastercard in ‘The Fintech Magazine’ Read more
- FreedomPay Drives Global Merchant Innovation Read more
- FIS Brings AI-Powered Advancements to Seamless, Personalized Digital Banking Experiences Read more
- Citi Ventures Invests in BVNK to Power the Next Generation of Financial Infrastructure Read more
- Nearly Two-Thirds of Global Retailers Say Payment Method Flexibility Drives Revenue Growth, ACI Worldwide Survey Finds Read more
Citi Ventures Invests in BVNK to Power the Next Generation of Financial Infrastructure
Citi Ventures has announced a strategic investment in BVNK, highlighting the shift toward digital asset-based infrastructure.
Happy Money Expands Capabilities of Hive, Its Proprietary Lending Platform Powering Faster Credit Decisions and Partner Growth
Happy Money, a leading consumer finance company dedicated to empowering individuals through responsible lending, today unveiled upgraded capabilities to its proprietary lending platform, Hive, which powers its borrower and funding partner ecosystem. Since enhancing the platform, Happy Money has driven faster credit decisions, reduced borrower friction and increased monthly loan originations more than 400% year to date.
M2 Invests $10M in Falcon Finance to Accelerate Universal Collateralization Infrastructure
Falcon Finance, the next-generation synthetic dollar protocol, today announced a comprehensive $10 million strategic investment from M2 Capital Limited (M2 Capital), the proprietary investment arm of M2 Group (M2), which is a UAE-headquartered conglomerate with a diversified portfolio in digital asset solutions. The partnership marks a major milestone in Falcon’s mission to redefine stability and capital efficiency in decentralized finance.
Meanwhile, Bitcoin Life Insurer, Secures $82M to Meet Soaring Demand for Inflation-Proof Savings
Meanwhileas raised $82 million in new capital to meet growing demand from individuals seeking to protect their families and established financial institutions seeking to offer bitcoin-linked savings
Block Street Raises $11.5 million to Launch Monad-First Unified Liquidity Layer for Tokenized equities
Block Street, a startup building an execution and lending layer for tokenized equities, said it raised $11.5 million in strategic funding to deploy its intent/RFQ-based trading infrastructure on Monad and major EVM networks. The round was led by Hack VC with participation from Generative Venture, DWF Labs, StudioB, and Bridge34, alongside angels from fintech unicorns and operators at Jane Street, Point72 and HRT, according to the company.
Molten Ventures VCT Launches £30 Million Fundraise
In the last 18 months the VCT has reported four exits, including selling breast cancer scanner Endomag to US listed Hologic, fraud detection business Ravelin to Worldpay and retail investment platform Freetrade to IG Group. While the portfolio still contains a handful of legacy holdings, the vast majority of the VCT’s money is now in the high growth tech companies typical of Molten Ventures.
Agio Ratings Closes Funding Round to Expand Risk Management Tools for Digital Assets
Agio Ratings, the premier source of risk insights in digital assets, has closed a $6 million funding round led by AlbionVC, bringing the total raised to over $11M. The round, which also saw participation from Portage Ventures and MS&AD, will enable Agio Ratings to expand its research and engineering teams, broadening the scope of its risk ratings and supporting major banks as they enter the digital asset market.
EXCLUSIVE: “Passion Project” – Brice van de Walle, Mastercard in ‘The Fintech Magazine’
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
FreedomPay Drives Global Merchant Innovation
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
FIS Brings AI-Powered Advancements to Seamless, Personalized Digital Banking Experiences
FIS® announced a strategic partnership with Glia to deliver advanced AI-powered customer engagement capabilities across FIS' Digital One suite
Citi Ventures Invests in BVNK to Power the Next Generation of Financial Infrastructure
Citi Ventures has announced a strategic investment in BVNK, highlighting the shift toward digital asset-based infrastructure.
Nearly Two-Thirds of Global Retailers Say Payment Method Flexibility Drives Revenue Growth, ACI Worldwide Survey Finds
Global retailers are accelerating their multi-acquirer strategies to stay ahead, according to a new survey conducted by ACI Worldwide
Ipswich Town Selects IFX Payments as an Elite Partner
Ipswich Town Football Club has selected IFX Payments as an Elite Partner of the club
Baghdadi Capital Group Selects nCino to Power Global Growth and Expansion Strategy
Baghdadi Capital Group has selected the nCino Platform to standardize and automate its global operations,