Pylon, the embedded mortgage infrastructure platform, announced that it raised $8.5 million in seed funding.
The round was led by Conversion Capital with participation from:
- Fifth Wall
- Peter Thiel
- QED Investors
- Montage Ventures
- Village Global
Also participating were angel investors from:
The funding will accelerate Pylon’s product development and recruitment efforts, propelling its mission to enable enterprises including FinTechs, PropTechs, banks, and retail brands to build mortgage lending into products in weeks instead of the years it would take to build a digital lender from the ground up.
Pylon was founded in early 2022. The company has built a unified stack from software to compliance and capital markets that enables customers to efficiently launch new mortgage products at scale.