Valon raises $150M Series D at a $2.3B valuation

Valon, which sells an AI-based operating system to mortgage servicers, raised $150M in a Series D at a $2.3B valuation, which it says is twice its previous mark.

Valon, which sells an AI-based operating system to mortgage servicers, raised $150M in a Series D at a $2.3B valuation, which it says is twice its previous mark. (Pulse 2.0; FinTech Global)

New investor Ribbit Capital and existing investor Andreessen Horowitz took part. Named customers include Newrez, Carrington Mortgage Services and ServiceMac; Valon plans to expand into other lending categories. (Pulse 2.0; FinTech Global)