dv01, an end-to-end data management, reporting and analytics platform offering loan level transparency and insight into lending markets, has raised USD15 million in Series B funding, led by Pivot Investment Partners.
Other participants include a new strategic investor, Regions Financial Corp., as well as existing investors, including Quantum Strategic Partners Ltd., Jefferies Financial Group Inc., Illuminate Financial Management and OCA Ventures. Proceeds from the financing will be used to expand dv01’s data library and invest in product innovation, including adding new SaaS offerings, securitisation data and integrating third-party data, as dv01 continues to grow its customer base across lending markets, including in mortgages.
“The success of this Series B is proof of the strong demand for a holistic end-to-end solution that solves the entire workflow within lending and the structured products markets. With the support of our investors, and our growing team, we’re excited to develop our platform further, providing new and enhanced tools that are bringing much needed transparency and insight into every loan facing a consumer today,” says Perry Rahbar, Founder and CEO of dv01.
dv01 has experienced rapid growth in response to strong demand for best-in-class analytics and insights into the US consumer and mortgage loan markets. Over 250 institutional investors, originators, lenders and banks use the platform to gain a deeper understanding of their portfolios and the broader US lending markets. In 2018, dv01 expanded its offerings to serve the US mortgage market, partnering with some of the largest residential mortgage investors and acting as Loan Data Agent for 10 mortgage securitisations. dv01 will soon launch its Credit Risk Transfer Market Surveillance offering, providing investors insight for the first time into over USD1.8 trillion of outstanding loans.
“dv01’s distinctive platform provides much-needed analytic insights and transparency to consumer loan assets” said Dinkar Jetley at Pivot Investment Partners, “We have been tracking the company closely for the past couple of years and are proud to be leading this growth capital round alongside a distinguished group of investors. We see substantial opportunity for dv01 to continue to innovate for the benefit of all participants in the lending markets.”
Jamie Gregory, Head of Corporate Financial Strategy at Regions, says: “We are excited about furthering our relationship with dv01 through this investment. The platform has transformed our ability to analyse segments of our consumer unsecured loan portfolio and we see significant growth opportunities as they expand within the regional banking space.”
dv01 welcomes Dinkar Jetley of Pivot Investment Partners to its board. The Series B financing follows a USD5.5 million Series A round led by OCA Ventures, which closed in September 2017.
