Mortgage Marketplace Morty Raises $25 Million

Morty, a marketplace for mortgages that enables people to compare different mortgage offerings, has raised $25 million in a Series B funding round led by March Capital. Additional investors include Rethink Impact, Thrive Capital, Lerer Hippeau, Prudence Holdings, FJ Labs and Metaprop.

Nora Apsel, co-founder and CEO of Morty, said the past 12 months have been transformative in the housing market.

“As homebuyers rushed to make purchases, Morty was there to provide a personalized, interactive loan selection, lock in competitive rates, and stand shoulder-to-shoulder with them through to closing. Our business model, and our philosophy, are about advocating for homebuyers. This investment will allow us to develop our product and pursue partnerships that align with that worldview.”

Morty has taken the mortgage process and improved it with a digital offering that allows consumers the ability to compare offers and then close a loan. Morty reports that it has processed over $500 million in loans. The company is currently licensed in 36 states and Washington, DC, and intends to serve homebuyers nationwide by the end of 2021.



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