We started Stavvy with a pretty lofty goal in mind: to simplify life’s defining moments. It’s 2021, but the things that have major impacts on our lives—loan closings and modifications, wills, forbearance agreements—have been stuck in the stone ages.
Even in the midst of COVID-19, many of these transactions still require cumbersome in-person meetings or signatures. Stavvy is here to change that, to transform how business is conducted remotely by making complex legal and financial transactions easier, safer, and more accessible to all. To be there for those major events and make it easier for all.
A few weeks ago, Stavvy closed a $40+ million Series A funding round, led by Morningside Technology Ventures, a private equity and venture capital investment firm based in Cambridge and Hong Kong. At over $40M, it is the largest Series A in New England FinTech, LegalTech and PropTech history.
Here’s what Morningside Technology Ventures had to say about us: “Stavvy has the technology, team, and strategy to be at the forefront of the global digital transformation of financial services. We are confident in Stavvy’s ability to change the lending and banking experience for both institutions and consumers. We are especially proud to support the company’s efforts to enable COVID loan relief during these unprecedented times.”
This has been a historic time for Stavvy. With this funding, we’ve already begun to expand and scale our operations faster than ever, and take our next major steps to bring real estate lending and servicing into the 21st century. Our latest hire, Shane Hartzler, is the former Director for eMortgage Strategy and Operations at Fannie Mae and recently joined Stavvy as Chief Strategy Officer. Learn more about our recent leadership hires. We’ll be building out our team at a rapid pace. If you’re interested in hopping on this rocket ship, check out our open positions!
We’ve also recently announced a new alliance with Flagstar Bank, the sixth-largest bank mortgage originator in the country, to provide remote loan modification services. Stavvy’s platform has already helped Flagstar assist homeowners seeking relief with their mortgage payments due to COVID-19, and we’re proud to expand our relationship with them to provide a wider array of remote services. Providing our partner Flagstar to help people from the comfort and safety of their home, while saving paper and trees and helping reduce their carbon footprint.
When we launched Stavvy in the summer of 2019, we had no idea what was in store for the world in 2020. We’re proud of the technology we’ve developed to help homeowners and buyers in this challenging time, and grateful for this opportunity to expand our scope and put our unique experience to work and continue our mission to simplify life’s big moments. We are even more proud of the remarkable team that has assembled and continues to grow. Humans with diverse backgrounds and perspectives, but with common traits of curiosity, bravery, empathy and passion to change the way that the world interacts with financial institutions.
This is just the beginning for Stavvy. We’re here to empower anyone and everyone to understand and execute business and financial matters safely, quickly and more securely than ever before. Building technology that will empower generations to come, securely and responsibly. Knowing that access to financial services, credit and banking has been a challenge for far too long, for far too many - we will innovate responsibly to ensure that we are part of the solution. For those critical transactions and moments, when you can’t be there - let us take you there. We can’t wait to show you what’s next.
Josh & Kosta
Contact our team today to see the power of Stavvy!Request a Demo