7m in Series B, Plans Expansion
Servicing Fintech Brace, a financial technology provider, recently secured $15.7 million in its Series B funding round to fuel growth in its servicing solutions. The funding round was led by Amity Ventures and Sorenson Group, and also included participation from existing investors such as Talis Capital, HOF Capital, Hyde Park Venture Partners, and Waterman Ventures.
The funds from the Series B round will be used to accelerate the development of Brace’s core technology platform, expand its suite of digital servicing solutions, and invest in industry partnerships. Brace is focused on delivering cost-effective and comprehensive digital servicing tools that provide customers with a positive experience.
Brace CEO and Co-Founder Matt Simons commented on the funding round: “As a proud partner to both banks and borrowers, Brace’s mission is to deliver a modern, reliable, and customer-centric mortgage servicing experience. Our success is directly attributed to our vision for a more efficient and viable servicing segment, enabled by technology. We build the best and most innovative products in servicing.”
Brace was founded in 2017 and provides software-as-a-service (SaaS) technology solutions for mortgage servicers and lenders with a primary focus on investor, regulatory, and borrower write-back compliance. It also specializes in providing cloud-based solutions to automate manual processes, reduce costs, and enhance customer experience when managing portfolios for loan origination, investor reporting, and loan servicing. In addition, Brace has built out a suite of digital servicing solutions for its clients, including digitizing documents, automating data entry, and improving close times.
The Series B funding demonstrates Brace’s strong traction in financial services and a steadily expanding capital base. According to Amity Ventures Managing Partner and Co-Founder Sajal Srivastav, “We’ve observed the transformations enabled by Brace’s customer-centric approach, which are enabling some of the world’s most prominent financial institutions to go digital. We look forward to continuing our partnership with the Brace team on this key mission.”
Brace is looking to expand its reach even further through strategic partnerships and collaborations with technology providers, banks, and mortgage servicers. Through its expansion plans, Brace hopes to further its mission of advancing digital mortgages for the future. Brace’s technology allows financial institutions to offer more efficient, secure, and customer-centric digital experiences in the increasingly digital economy.
In summary, Servicing Fintech Brace recently received $15.7 million in a Series B funding round in order to expand its core technology platform, digital servicing solutions, and investments in industry partnerships. Founded in 2017, Brace focuses on providing software-as-a-service (SaaS) technology solutions and automation of manual processes for loan origination, investor reporting, and loan servicing. This new funding round signifies Brace’s strong presence in the financial services market and a steadily growing capital base. Brace seeks to achieve its mission of advancing digital mortgages for the future through strategic partnerships and collaborations with technology providers, banks, and mortgage servicers. The technology offered by Brace helps financial institutions to offer more efficient, secure, and customer-centric digital experiences in the increasingly digital economy.
This article was contributed on Nov 29, 2023
