Maxwell Financial Labs provides a B2B digital mortgage cloud platform that automates mortgage lenders' workflows with homebuyers and real estate agents. The platform enables collaboration in a modern digital workspace on any device, connects to over 15,000 financial institutions to automate documents and signatures, and integrates with other leading mortgage technology providers. Led by co-founder and CEO John Paasonen, Maxwell launched its platform in mid-2016 and is a 2016 Techstars graduate. Since launch, the platform has facilitated over $6 billion of mortgage volume for tens of thousands of homebuyers across the United States. The company raised $3M in the latest funding to accelerate growth and increase its pace of innovation, bringing total capital raised to date to $5M. Investors include the investment arm of Anthemis Group (lead), Route66 Ventures, Assurant Inc., and existing investors. Maxwell Financial Labs secured $1.95M in funding and provides mortgage lenders a platform to collaborate with homebuyers in a digital workspace on any device. The platform connects to over 15,000 financial institutions to automate paperwork and signatures. Its proprietary algorithms are built on a network of aggregated loan data and aim to deliver insights and workflow adjustments so lenders can move more efficiently. The company said it will use the funds to recruit engineers in Denver and to launch its platform to more lenders. Maxwell was co-founded by financial services and tech veterans John Paasonen, Lance Poole and Rutul Dave and is based in Denver, CO.

Total raised

$5M

Funding rounds

2

Latest round

Equity

Latest activity

Dec 2017