Home Enterprise bank DA Davidson Serves as Exclusive Advisor to EarnUp in Series C Funding

DA Davidson Serves as Exclusive Advisor to EarnUp in Series C Funding

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NEW YORK–(BUSINESS WIRE)–DA Davidson & Co. announced today that it has served as the exclusive strategic and financial advisor to EarnUp for its oversubscribed Series C financing. This round includes new strategic investors LendingTree Inc (NASDAQ:TREE) and KeyBank Inc (NYSE:KEY) in addition to top institutional investors Bain Capital Ventures, SignalFire, Blumberg Capital and Flourish Ventures.

Based in San Francisco, CA, EarnUp is an award-winning, consumer-focused payments technology platform that intelligently automates loan payment scheduling. With a mission to create a financial system that can work for everyone, EarnUp is reinventing payment and data flows in the mortgage and consumer debt ecosystems.

“EarnUp’s values ​​are exemplified by this latest round of funding. We fearlessly challenge a flawed financial system and create an environment of exceptional people and partnerships,” said Nadim Homsany, co-founder and CEO of EarnUp. “The addition of strategic investments from LendingTree and KeyBank shows that EarnUp is moving in an intentional direction that will positively impact the mortgage and consumer debt sectors.”

Currently, the company serves lenders, services, and borrowers across the United States and manages over $10 billion in loan repayments. With this investment, EarnUp plans to improve and accelerate enterprise product development to further help mortgage companies reduce risk and streamline business operations in a compassionate way while improving the overall financial health of mortgages. borrowers and ensuring that they have access to the best credit products available according to their financial situation. upright.

“The team at DA Davidson has been invaluable in helping us achieve this successful fundraising,” added Homsany. “Their deep domain expertise and strong understanding of the mortgage and payment ecosystems and their engagement throughout the process enabled us to select the right partners and achieve a positive outcome for all shareholders.”

“EarnUp is a distinctly unique and exceptional platform,” said Aalap B. Merchant, Managing Director and Co-Head of Technology Investment Banking at DA Davidson. “Nadim and his team are raising the benchmark by focusing uncompromisingly on innovative solutions that benefit both the borrower and the business. Now, with strategic investors like LendingTree and KeyBank, we look forward to the company’s continued growth and success.

This transaction underscores the continued success of DA Davidson’s Technology Investment Banking practice, which completed 57 transactions worth approximately $11.4 billion in 2021. DA Davidson’s Investment Banking division is a leading full-service offering comprehensive financial advisory and capital markets expertise. The group has extensive transaction experience serving middle market clients worldwide across four verticals: consumer, diversified industries, financial institutions and technology.

Together with its European strategic partner, MCF Corporate Finance, DA Davidson initiates and executes transatlantic M&A transactions under the common brand of DA Davidson MCF International.

About DA Davidson Companies

DA Davidson Companies is an employee-owned financial services company providing a range of financial services and advice to individuals, businesses, institutions and municipalities nationwide. Founded in 1935 with headquarters in Great Falls, Montana and regional headquarters in Denver, Los Angeles, New York, Omaha and Seattle, the company has approximately 1,475 employees and offices in 28 states.

Subsidiaries include: DA Davidson & Co., a full-service investment firm providing wealth management, investment banking, equity and fixed income capital markets services and advice; Davidson Investment Advisors, a professional asset management firm; DA Davidson Trust Company, a trust and wealth management company; and Davidson Fixed Income Management, a registered investment adviser that provides fixed income portfolios and advisory services.

For information, visit dadavidson.com.