back Back

Mortgage marketplace Own Up raises $12 mn, fueling national expansion

By Pavithra R

January 15, 2021

  • Brand Foundry Ventures
  • UK
Share

Patrick Boyaggi, co-founder and CEO of Own Up

Own Up, a mortgage marketplace changing the way consumers search for and secure home financing, has announced raising $12 mn in funding led by Brand Foundry Ventures. 

The investment round also saw participation from existing investors Link Ventures, Listen Ventures, and TechStars Ventures. The FinTech is planning to use the finance to invest in the technology powering its unique digital platform, along with growing its customer success team.

Founded in 2016, Own Up brings radical transparency to the mortgage industry, leveling the playing field for consumers and empowering them to make the best financial decisions for their specific situations. Own Up has experienced rapid growth in 2020 with many American reevaluating their budgets and lifestyles. The firm helped individuals and families across the country navigate their home buying and refinancing journeys.

“We are proud of our unyielding commitment to empowering consumers with customized data and personalized advice. As a collaborative fintech company, we will continue to develop technology that eliminates information asymmetry and creates a best-in-class experience for everyone searching for a fair deal on their mortgage. This new round of funding will enable us to help more people, in more ways,” said Patrick Boyaggi, co-founder and CEO of Own Up.

Own Up through its managed marketplace provides consumers with customized market data and verified loan offers while allowing them to maintain confidentiality. Its customers can easily bypass the costly mortgage salesperson and go directly to vetted lenders that match to their needs. The firm’s free digital platform also includes access to expert Home Advisors that provide unbiased advice and ongoing support.

“Technology companies are transforming financial services and enabling consumers to achieve better financial outcomes, which is core to Own Up’s mission. In this next phase of growth, Own Up will strive to reach more buyers and homeowners through geographic expansion and become the premier online destination for any American looking to purchase or refinance. Own Up’s fresh approach is truly changing consumer behavior,” said Brian Spaly, co-founder of Bonobos and Trunk Club, and General Partner at Brand Foundry Ventures. 

This year the company is planning to expand to 15 new states, including California. The brand already serves borrowers in Colorado, Florida, Georgia, Maine, Massachusetts, Michigan, Connecticut, New Hampshire, Pennsylvania, Rhode Island and Texas.

Previous Article

January 15, 2021

Fidesmo & SEB team up for Fidesmo Pay launch in Denmark and Finland

Read More
Next Article

January 15, 2021

Worldline launches its China All-In-One solution from Ingenico

Read More








IBSi Daily News Analysis

Fraud

February 23, 2024

Brand Foundry Ventures

Regulated firms battle surge in financial crime attempts, research reveals

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

February 22, 2024

Revolut launches Robo-Advisor to automate investment processes

Read More

February 22, 2024

Vidyut raises $10m in Series A Funding round led by 3one4 Capital

Read More

February 22, 2024

Bud & Fintech Galaxy bring AI-led Open Banking solutions to MENA

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023