Polly offers a cloud-native Product and Pricing Engine (PPE) along with a Loan Trading Exchange, data and analytics, and AI/ML to automate and optimize the mortgage capital markets value chain. The platform is purpose-built for the cloud, emphasizing flexibility, configurability, and rapid innovation versus legacy monolithic pricing solutions. This calendar year Polly increased lock volume by well over 150% and has more than doubled its customer partner base, signaling strong operating momentum and ROI for customers. The company says it has invested heavily in scaling implementation, customer success, and white-glove support programs to meet demand. Polly plans to use new capital to deepen R&D and product innovation, further evolve its Polly AI platform, and add generative AI capabilities while scaling internal teams by at least 25%. Founded in 2019 and headquartered in San Francisco, Polly positions itself as a next-generation mortgage capital markets technology provider. Polly builds a SaaS platform to automate customer workflows across the mortgage capital markets, handling execution from rate lock to loan sale and delivery. The software is designed to enable data-driven decisions and let lenders configure individual loans dynamically on a multi-dimensional basis. The company reports it has increased its customer count nearly 3x over the past year and has signed several of the country’s top 100 lenders. Polly plans to deploy new capital toward its go-to-market strategy while remaining heads-down on product, expanding product and engineering teams and investing in AI and machine learning capabilities. Founder and CEO Adam Carmel, who previously founded Ethos Lending (sold to Fenway Summers in 2014), aims for Polly to help lenders move off spreadsheets, telephony and email and ultimately become a system of record. The startup has raised $50 million to date. Polly is a San Francisco-based SaaS mortgage technology company that offers an end-to-end capital markets ecosystem enabling lenders to optimize performance from rate lock to loan sale and delivery. Its pricing engine and loan trading exchange enable mortgage lenders to dynamically price and sell loans in an automated and customizable workflow. The company is led by founder and CEO Adam Carmel. Polly raised $15M in a Series A to accelerate growth. It intends to use the funds to recruit top engineering talent and accelerate sales, marketing and new product development. In conjunction with the funding, 8VC Partner Alex Kolicich and Meritech Capital Partner Max Motschwiller will join Polly’s board of directors.

Total raised

$77M

Funding rounds

3

Latest round

Equity

Latest activity

Sep 2024