St. Louis-based white-label financial fitness and home ownership platform FinLocker closed a $17 million Series B funding round led by Radian Group and existing shareholders.
Brian Vieaux, FinLocker president and COO
“Inventory and affordability challenges have extended the home buying readiness journey, especially for first-time homebuyers,” FinLocker president and chief operating officer Brian Vieaux said in a statement.
‘To Do’ list:
- Introduce new features and tools powered by generative AI and machine learning
- Provide personalized recommendations, credit management solutions, budgeting assistance, and loan qualification tools
- Expand strategic partnerships within the mortgage ecosystem
FinLocker, which claims over 40,000 registered customers, recently partnered with Radian subsidiary Homegenius to integrate its AI-powered home search platform with FinLocker’s financial readiness platform. The company aims to:
- Support first-time homebuyers during the extended home buying readiness journey
- Help mortgage originators nurture prospective homebuyers and maintain connections with past clients
- Attract prospective homebuyers, including renters, to build originators’ sales pipelines
FinLocker previously raised approximately $20 million in its Series A round, with TransUnion as an early backer, and $2.25 million in pre-seed funding in 2016.
