Overview

Reggora provides appraisal software tailored for the real estate and mortgage lending sectors. Its platform automates various aspects of the appraisal process, such as order allocation and quality control, using technology and artificial intelligence. This automation helps to cut down on time and costs for mortgage lenders and real estate appraisers. Key features of Reggora's software include payment processing, automated ordering, and customizable workflows, all accessible through a mobile app. This integration allows borrowers to easily schedule inspections, make payments, and track their appraisal status in real-time. Unlike its competitors, Reggora offers a two-sided platform that enhances both efficiency and accuracy in the appraisal process. The company's goal is to improve the overall borrower experience while providing a subscription-based service that generates revenue through software access and additional premium features.

Simplify's Take

What believers are saying

• Growing demand for digital transformation boosts Reggora's cloud-based platform.
• Partnerships with Vesta and Lenderworks enhance Reggora's market reach.
• AI-driven solutions align with industry trends for faster property valuations.

What critics are saying

• Increased competition may pressure Reggora's market share and pricing.
• Economic downturns could reduce demand for appraisal services.
• Data privacy concerns pose compliance challenges for AI-driven platforms.

What makes Reggora unique

• Reggora offers a unique two-sided platform for lenders and appraisers.
• The platform integrates AI to automate and streamline appraisal processes.
• Reggora's Appraisal Review Warranty sets it apart in the industry.

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Funding

Total Funding

$43.9M

Below

Industry Average

Funded Over

3 Rounds

$30,000,000

Series B

Jan 2021

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.

Series B Funding Comparison

Below Average

Industry standards

Ind Avg. $35M

$4M

$30M

$30M

$45M

$65M

$100M

View all funding stages