HomeBankingUS proptech Setpoint acquires Resolute to “revolutionise fintech lending”

US proptech Setpoint acquires Resolute to “revolutionise fintech lending”

Date:

CBDC Pilot Projects Seeing Adoption in Ghana and Thailand – Giesecke+Devrient Reports

Giesecke+Devrient highlights how Ghana and Thailand are advancing central...

The Payments Association Calls for More LGBTQIA+ Diversity in Payments Industry

New report urges financial organizations to champion inclusion and...

Adyen Grows Partner Programme to Accelerate Global Payments Innovation

Adyen expands its partner ecosystem, empowering more platforms and...

US-based proptech Setpoint has acquired Resolute Diligence Solutions to revolutionize fintech lending. Setpoint aims to combine Resolute’s outstanding service with its own technology to provide a best-in-class solution for capital markets borrowers and lenders. The company seeks to address the current inefficiencies in transactions between warehouse lenders and loan originators by providing lightning-fast and accurate infrastructure for wider access to credit.

Facts

  • US-based proptech Setpoint has acquired Resolute Diligence Solutions, a due diligence provider focused on single family rental (SFR) and residential transition loans (RTL).
  • Founded in 2021, Setpoint raised $43 million in its Series A funding round in December.
  • Resolute was established in 2019 as a subsidiary of SingleSource Property Solutions, a provider of integrated mortgage services and property management solutions in the US.
  • Setpoint believes that the combination of Resolute’s service and its own technology will revolutionize fintech lending.
  • Setpoint co-founder and CIO, Michael Lam, describes Resolute as highly complementary to the Setpoint platform and believes that the combination will result in a best-in-class solution.
  • Setpoint discovered Resolute through customer feedback, with the largest lenders and originators consistently expressing their satisfaction with Resolute’s service.
  • Setpoint aims to address the current inefficiencies in the lending process by providing lightning-fast and accurate infrastructure, enabling wider access to credit and making assets and loans more liquid.
Exit mobile version