dv01 Closes $5.5 Million
Fintech startup dv01 announced it has secured $5.5 million in Series A financing. OCA Ventures led the round, with participation from Ribbit Capital, Illuminate Financial Management, CreditEase, Leucadia National Corp and Pivot Investment Partners.
By combining normalized data with real-time insights, dv01 provides institutional investors with actionable intelligence on risk exposure and performance. In addition to creating cloud-hosted portfolio management software, dv01 also functions as a loan data agent, bringing previously inaccessible data to securitizations. Instead of bundling loans into rep lines, dv01 surfaces detailed information for each loan in a securitization, allowing investors to “slice and dice” an entire pool or drill down to single loans prior to investing.
The company revealed that dv01 will use new capital to expand analytics solutions for marketplace lending, as well as bring dv01’s investor-facing software to consumer and mortgage lending markets.
