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Roostify

Digital home lending platform

101-200 employees
  • B2C
  • B2B
  • Marketplace
  • Lending
  • Real Estate
303 2nd Street, South Tower, Suite 325, San Francisco, California 94107, USA

Company mission

Roostify's mission is to build a simple digital home lending platform that fits every client perfectly.

Top investors

12% employee growth in 12 months

Otta's take

Xav Kearney headshot

Xav Kearney

CTO of Otta

While COVID-19 slowed the commercial real estate market to a crawl, the pandemic year saw existing residential home sales in the US hit a 14-year high. Roostify is a company enjoying a boom in business because of this high demand with a 250% increase in platform volume back in 2020, and has only gone up since then.

Roostify is a digital platform for mortgage lenders, aiming to allow lenders to process loans more efficiently using automation, while giving buyers a more streamlined process and more clarity. The company has partnered with Google to use Google Cloud AI and machine learning capabilities to assist lenders in faster processing of mortgage applications.

Roostify powers the digital mortgage platforms of big lenders like Santander, JPMorgan Chase, TD Bank, and HSBC Bank USA, and handles $50 billion in loan volume every month. It takes its place as a key player in the competitive digital lending platform market, worth more than $7 billion.

Benefits

  • Equity packages
  • 401k
  • Fitness & wellness discount through ClassPass.com
  • Weekly virtual yoga classes
  • Headspace membership
  • Regular virtual team building
  • Work from home opportunities
  • Health insurance

Company values

  • We are big dreamers
  • We are innovative thinkers
  • We are true collaborators

Funding (last 2 of 5 rounds)

Jan 2021

$32m

SERIES C

Feb 2018

$25m

SERIES B

$65.5m

Total funding

This company has top investors

Founders

Studied Computer Science at Washington University in St Louis before joining Ernst & Young as a Staff Consultant. Was a Manager at Allolio & Konrad, and a Senior Associate at Pace Harmon.