AI FinTech Loansnap has raised $9mn in its latest funding round.
In Brief:
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The company uses AI to match borrowers with loans and mortgages.
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It says it can finalise contracts in around 15 days.
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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.
