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About Pylon
Industries
Fintech
Financial Services
Company Size
11-50
Company Stage
Seed
Total Funding
$8.3M
Headquarters
New York City, New York
Founded
2022
Overview
Pylon Lending provides a digital mortgage infrastructure that allows businesses to integrate mortgage services into their products efficiently. Their platform offers APIs and pre-built UI components, enabling clients to embed a complete digital mortgage experience with minimal coding. Pylon primarily serves developers and companies in the financial and real estate sectors, helping them avoid the complexities of building mortgage systems from scratch. Unlike many competitors, Pylon offers a customizable Software Development Kit (SDK) that covers the entire mortgage origination process, from application to closing. The company's goal is to streamline the mortgage process for businesses, making it easier and more cost-effective to launch new mortgage products and enhance customer satisfaction.
Simplify's Take
What believers are saying
- Citi's investment provides Pylon access to institutional-grade products and rates.
- Pylon raised $8.5M in seed funding, boosting its growth potential.
- Increased AI adoption in mortgage underwriting can enhance Pylon's platform efficiency.
What critics are saying
- Increased competition from fintech companies could erode Pylon's market share.
- Potential regulatory changes may require costly adjustments to Pylon's platform.
- Reliance on Citi's trading desk for liquidity poses partnership risk.
What makes Pylon unique
- Pylon offers a fully digital mortgage experience via APIs and pre-built UI components.
- Freddie Mac approval enhances Pylon's credibility in the mortgage industry.
- Pylon's platform allows quick integration of mortgage services, reducing time and cost.
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Funding
Total Funding
$8.3M
Above
Industry Average
Funded Over
1 Rounds
Industry standards
Benefits
Medical, vision & dental
Unlimited PTO
Hardware allowance
Annual off-sites
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↓ -4%2 year growth
↓ -4%Mortgage infrastructure provider Pylon received a minority strategic investment from Citi and closed a deal to sell mortgages on its platform through the bank's mortgage trading desk, the parties announced on Tuesday.
Citi has invested in Pylon, a programmatic mortgage infrastructure provider. While financial terms were not disclosed, the partnership involves integrating Citi's mortgage trading desk liquidity into Pylon's platform, granting Pylon customers direct access to Citi's institutional-grade products and rates. Pylon CEO Trent Hedge highlights the enhanced access to Wall Street-level resources for their clients.
Pylon, an embedded mortgage infrastructure platform, announced on Tuesday that it had raised $3.3 million in seed funding.
Pylon, the embedded mortgage infrastructure platform, announced today that it has raised $8.5 million in seed funding, led by Conversion Capital with
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About Pylon
Industries
Fintech
Financial Services
Company Size
11-50
Company Stage
Seed
Total Funding
$8.3M
Headquarters
New York City, New York
Founded
2022
Pylon is Hiring for 0 Jobs on Simplify!
Find jobs on Simplify and start your career today