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Staircase raises $18m in Series A funding

Philadelphia based digital infrastructure company for the mortgage industry raised $18m in Series A funding led by Bessemer Venture Partners.

“The sheer number of entities and systems that must share and validate data to originate a loan makes it a complicated transaction. The lack of a universal language among all of these systems makes it even more difficult,” Staircase CEO and co-founder Adam Kalamchi. “What we are doing is creating an integration orchestration layer that brings all of those parties together and makes all these new mortgage-related technologies available instantly.”

Tags

proptech, mortgage