AI FinTech Loansnap has raised $9mn in its latest funding round.
The company uses AI to match borrowers with loans and mortgages.
It says it can finalise contracts in around 15 days.
This round was co-led by True Ventures and Mantis, The Chainsmokers’ tech investment firm.
What does this mean?
LoanSnap has now raised a total of $26mn, with other high profile investors including Richard Branson’s Virgin Group and ex-NFL quarterback Joe Montana’s Liquid 2 Ventures. It is currently available in five US states but will use the capital to expand this year.