EarnUp, a consumer-facing financial technology platform designed to intelligently automate loan payment scheduling, has attracted a $25M Series B fundraising round led by Bain Capital Ventures with participation from SignalFire, Blumberg Capital, and Flourish Ventures, which the company will use to expand its GetAhead platform.
“We are thrilled to have Bain Capital Ventures as a strategic investor as we expand our GetAhead platform to close the historical disconnect and communications gap between homeowners and their mortgage providers,” said Nadim Homsany, EarnUp co-founder and CEO. “Homeowners in financial distress are desperate for this support and the mortgage industry is eager to provide it. Through our technology-powered early warning insights, EarnUp is producing a win-win for the industry and consumer financial health by helping each connect earlier, automatically, and more cost effectively.”
The GetAhead Dashboard for mortgage lenders and servicers provides at-a-glance visibility into changing homeowner risk and financial health status.
Beyond delivering advance notice on at-risk loans, the GetAhead Dashboard can also help providers and homeowners connect when a refinance could save borrowers money over a current loan arrangement.