Sunday, January 17, 2021

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Brace: Raises $15.7M in Series B Funding

  • Brace, a Los Angeles, CA-based digital mortgage-servicing platform, raised an additional $15.7M in Series B funding
  • Then the round, which brought total funding to over $30m, led by Canvas Ventures with participation from existing major investors Point72 Ventures and Crosslink Capital
  • The company will also use the new funding to expand its team, broaden the suite of services it offers, and bolster future product initiatives
  • Brace has seen tremendous growth in 2020, adding a number of the largest mortgage servicers to its client base
  • Brace developed a modular, digital platform for mortgage servicing that also improves the customer experience
  • In 2020, the company received a No-Action Letter (NAL) Template from the Consumer Financial Protection Bureau (CFPB) that its customers can utilize to obtain their own NAL

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