Baseline Financial Technologies, a pioneering financial technology firm, has successfully closed a $1.6m funding round.
This significant financial injection marks a strategic milestone for the company, enabling it to amplify its growth in the real estate private lending market. The investment was spearheaded by the technology-focused venture capital firm N49P, with additional contributions from Exit North Ventures, Tim Dewerth, and several other strategic angel investors.
Operating at the intersection of technology and real estate lending, Baseline offers an integrated loan management system. This comprehensive platform seamlessly connects borrower-facing point-of-sale, loan origination, loan servicing, and investor management functionalities into one cohesive unit. The focus on intuitive design and user experience distinguishes Baseline in a sector ripe for technological advancement.
The funds from this latest round will be used to further develop Baseline’s technology and expand its market presence. Baseline CEO Shaye Wali explained, “We started Baseline because, as former private lenders, no existing software on the market truly served our needs or the needs of the industry. Point solutions, user interfaces from the 1980s, and broken workflows were the norm.”
Supporting the future of real estate private lending, Baseline aims to address the unique challenges faced by the sector. The market, particularly those catering to real estate investors and investment firms involved in high-velocity transactions, requires robust, automated solutions to stay competitive and effectively serve these serial real estate investors. Baseline’s comprehensive software solution is pivotal in addressing the origination, servicing, and investor management needs of private lenders.
Shaye Wali said, “Private lenders specializing in investment-purpose real estate require tailored technology solutions to meet their distinct needs. Our platform provides the end-to-end functionality needed to streamline operations and drive business growth.”
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