FundMore.ai

company

About

FundMore.ai is an automated underwriting system that uses machine learning to streamline the pre-funding process for loans.

Details

Last Funding Type
Non-Equity Assistant
Industries
Artificial Intelligence,Blockchain,Financial Services,FinTech,Machine Learning,Real Estate,Software
Founded date
Feb 2, 2018
Number Of Employee
11 - 50
Operating Status
Active
Legal Name
Fundmore.ai Inc.
Also Known As
FundMore

FundMore is an automated solution machine learning to streamline the funding process for loans. Our platform lets lenders leverage customizable automation, enhance the borrower experience through analytics, reduce risk using AI.

FundMore automates the loan origination process for mortgage lenders. From our inception we have been focused on providing a simpler mortgage experience for Canadians by being the
leader in mortgage process automation. We began our journey by providing brokers and lenders access to the most advanced and secure document management platform in Canada, completely automating the process in a mobile, web and app environment. We augmented our core offerings in 2020 by launching the FundMore AI, a complete underwriting system and we will shortly be launching FundMore IQ.

Our mission is to provide a completely underwritten mortgage decision in minutes. We are working toward making this a reality by aggregating data from our third-party partners and using FundMore’s AI document reader to quickly analyze physical documents and subsequently digitize, recognize, extract, sort and validate the data to confirm the mortgage conditions.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
2
FundMore.ai has raised a total of — in funding over 2 rounds. Their latest funding was raised on Aug 5, 2021 from a Non-Equity Assistant round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Aug 5, 2021 Non-Equity Assistant 1 Detail
Aug 1, 2020 Pre-seed Detail

Investors

Number of Lead Investors
Number of Investors
1
FundMore.ai is funded by 1 investors. Invest Ottawa are the most recent investors.
Investor Name Lead Investor Funding Round
Invest Ottawa Non-Equity Assistant

Employee Profiles

Number of Employee Profiles
4
FundMore.ai has 4 current employee profiles, including Board member Dinesh Kandanchatha
Board member
Executive
Executive
Executive