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FinLocker raises $17M in a Series B funding round led by Radian Group to enhance homebuying and homeownership experiences.

PRIVATEMay 14, 2024

Amount Raised

$17 Million

Round Type

Series B

ClaytonInformation Technology

Investors

Radian Group

Description

FinLocker, the St. Louis-based developer of a leading white-label financial fitness and homeownership platform, announced the closure of a $17 million Series B funding round. The investment from Radian Group and existing shareholders will enable FinLocker to introduce a suite of new features and tools designed to optimize the homebuying and homeownership experience.

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Company Information

Company

FinLocker

Location

8151 Clayton Road

Clayton, Missouri, United States

About

FinLocker is a financial fitness platform transforms the way consumers prepare for a mortgage by offering data-driven personalized journeys to achieve homeownership and other important financial milestones. Consumers benefit from financial management tools, education, and data sharing for a transaction. Mortgage lenders, banks and credit unions private-label their FinLocker app to connect with consumers, nurture prospective homebuyers, streamline the loan process, and create customers for life. Using the FinLocker app for mortgage readiness reduces costs, time, and risks for all participants in the loan life-cycle, while expediting the financial data and document collection, borrower verification, and underwriting process.

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Fundz sees it the moment FinLocker raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

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Verified contactsHenry C., Director hiddenSee plans and pricing
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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

FinLocker raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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