Roostify, a leading digital lending platform provider, today announced the completion of a $25 million Series B round of financing. The round included new investments from Cota Capital, Point72 Ventures, and Santander Innoventures, and the venture capital arm of Banco Santander. Additional funding came from previous investors JPMorgan Chase, Colchis Capital, and a subsidiary of USAA.
Roostify, launched in 2014 with the aim of speeding up the mortgage process and eliminating paper-bound inefficiencies, has grown into an enterprise-class digital lending platform used by lenders across the U.S. to accelerate, simplify, and reduce costs around the origination process. Roostify’s cloud-based, API-enabled, partner-friendly solution allows lenders to offer their clients a seamless, branded experience from searching to closing their home loans.