Stavvy

Digitizes mortgage processes with digital tools

Boston, Massachusetts, United States

About Stavvy

Stavvy transforms the mortgage industry by digitizing and streamlining workflows that have traditionally relied on paper. The company provides a range of digital tools, including eSignatures, remote notarization, and secure communication portals, which help mortgage professionals and financial institutions improve efficiency and reduce the need for physical documents. Stavvy operates on a subscription-based model, allowing clients to access its platform and tools for a fee. Additionally, the company partners with other organizations, like Guaranteed Rate, to expand the reach of its eClosing technology. Stavvy's goal is to modernize the mortgage process, making it more efficient and accessible for everyone involved.

Boston, MassachusettsHeadquarters
2018Year Founded
$40.4MTotal Funding
DEBTCompany Stage
Fintech, Financial ServicesIndustries
51-200Employees

Risks

Competition from fintech companies offering similar solutions could erode Stavvy's market share.
Rapid technological advancements may strain Stavvy's financial resources for continuous R&D investment.
Integration challenges from acquisitions like SigniaDocs and Brace may distract from core operations.

Differentiation

Stavvy offers a fully-integrated digital mortgage vendor platform, enhancing communication and data access.
The company provides eSignatures and remote notarization, streamlining traditionally paper-based workflows.
Stavvy's strategic partnerships, like with Guaranteed Rate, expand its eClosing technology reach.

Upsides

Increased remote work adoption boosts demand for Stavvy's remote notarization and eClosing capabilities.
AI integration in digital mortgage platforms enhances document processing and risk assessment.
Regulatory support for digital notarization facilitates Stavvy's service adoption across states.

Funding

Total raised$40.37 M
Latest valuation$200.00 M
StageDEBT
DEBT
11/30/2022
$10
$40
$200.00 M
SEED
2/28/2019
$2
$7.50 M