The Series C $31M funding for EarnUp, a San Francisco-based fintech company that offers payment and data solutions to the mortgage industry.
LendingTree, a new strategic investor (NASDAQ: TREE), and KeyBank, a new institutional investor (NYSE: KEY), are included in this round, as well as SignalFire Capital Ventures, Blumberg Capital, Flourish Ventures, Bain Capital Ventures, Bain Capital Ventures, SignalFire Capital and Blumberg Capital.
The funds will be used by the company to expand its operations and to support its development efforts.
EarnUp is led by Nadim Homsany as CEO. It offers a consumer payment technology platform and enterprise solutions to mortgage companies that reduce risk and streamline business operations, while also improving the financial health of their borrower customers. The company currently serves lenders, servicers and borrowers in the U.S., and manages more than $10 billion in loan payments.