BeSmartee, which develops software for digital mortgage platforms, has secured a strategic growth investment from venture firm M33 Growth.
This investment will enable the company to further the development of its technology and products.
The FinTech has created a mortgage point-of-sale platform that supports the end-to-end mortgage experience.
Its services are used by megabanks, credit unions and top non-bank lenders hoping to digitise their mortgage processes.
BeSmartee achieved an impressive 100% customer retention rate in 2020 and expanded its customer base by 50%, it claims.
BeSmartee CEO Tim Nguyen said, “2020 was a pivotal year for the mortgage industry and it has shown how critical a high-quality digital mortgage solution is to drive higher volumes for and ROI to our customers.
“Both the industry recognition as well as the investment from M33 Growth solidifies our belief that BeSmartee is well positioned to grow while continuing to innovate and provide a great customer experience. We believe that M33’s investment and knowledge will help us to bring our product to more customers and continue to build out our capabilities. We are thrilled to be working alongside seasoned advisors at M33 and look forward to accelerating growth in this chapter of the business.”
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