Lending infrastructure — embedded mortgage and consumer-lending APIs for banks and fintechs.
| As Of | EV | Cost | Fair Value | MOIC |
|---|---|---|---|---|
| Mar 2024 | $51.0M | $7.0M | $7.0M | 1.00x |
| Dec 2024 | $51.0M | $7.0M | $7.0M | 1.00x |
| Sep 2025 | $110.0M | $7.0M | $15.4M | 2.20x |
| Dec 2025 | $125.0M | $17.0M | $25.4M | 1.49x |
| Mar 2026 | $200.0M | $18.4M | $44.2M | 2.40x |
| Metric | Inv LTM | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026E | LTM | NTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| GAAP Revenue ($M) | — | — | — | — | — | — | — | 20.0 | — | 20.0 | — |
| EBITDA ($M) | — | — | — | — | — | — | — | — | — | — | — |
| Cash ($M) | — | — | — | — | — | — | — | — | — | — | — |
| Debt ($M) | — | — | — | — | — | — | — | — | — | — | — |
| ARR ($M) | — | — | — | — | — | — | — | — | — | — | — |
| Round | Date | Invested | Post-Money EV | Fully Diluted Shares |
|---|---|---|---|---|
| Series Seed Preferred | — | $6.1M | $20.9M | — |
| Series A Preferred | Mar 2024 | $10.6M | $51.0M | 15,091,143 |
| Series A-2 Preferred | Nov 2025 | $15.0M | $125.0M | 17,149,020 |
| Total Invested | $31.7M |