LoanSnap

LoanSnap is an AI-powered mortgage startup that aimed to simplify the home lending process using artificial intelligence. The company originated nearly 1,300 loans totaling almost $500 million in 2021 but experienced a significant decline in business due to rising interest rates. Its license to operate was revoked in Connecticut following multiple violations of state law.

Funding Round:

Funding Amount: $100M

Date: 08-Oct-2024

Investors: Virgin Group, Mantis Ventures, Baseline Ventures, Reid Hoffman

Markets: Fintech, AI, Financial Services, Lending, Mortgage

HQ: San Francisco, California, United States

Founded: 2017

Website: https://www.goloansnap.com/

LinkedIn: https://www.linkedin.com/company/loansnap

Twitter: https://twitter.com/LoanSnap

Instagram:

Facebook: https://www.facebook.com/loansnap/