About LoanSnap
LoanSnap is a company based in San Francisco (United States) founded in 2018 by Allan Carroll.. LoanSnap has raised $57.7 million across 5 funding rounds from investors including Virgin, True Ventures and Baseline Ventures. LoanSnap offers products and services including Refinance, HELOC, Mortgage, and VA Loans. LoanSnap operates in a competitive market with competitors including Kiavi, MT Finance, One Savings Bank, Certain Lending and Perenna, among others.
- Headquarter San Francisco, United States
- Founders Allan Carroll
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Loansnap, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$57.7 M (USD)
in 5 rounds
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Latest Funding Round
$30 M (USD), Series B
May 04, 2021
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Investors
Virgin
& 15 more
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Employee Count
Employee Count
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Products & Services of LoanSnap
LoanSnap offers a comprehensive portfolio of products and services, including Refinance, HELOC, Mortgage, and VA Loans. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Service for refinancing existing loans quickly online
Home Equity Line of Credit for borrowing against home equity
Standard loans for home purchases and financing
Loans for eligible veterans and service members
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Funding Insights of LoanSnap
LoanSnap has successfully raised a total of $57.7M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $30 million completed in May 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series B — $30.0M
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First Round
First Round
(20 Jul 2018)
- Investors Count 16
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2021 | Amount | Series B - LoanSnap | Valuation | True Ventures | |
| Oct, 2020 | Amount | Series B - LoanSnap | Valuation | Avanta Ventures |
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| May, 2020 | Amount | Series B - LoanSnap | Valuation | True Ventures , Mantis VC |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in LoanSnap
LoanSnap has secured backing from 16 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Virgin, True Ventures and Baseline Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital firm supporting AI founders through investments and community.
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Founded Year | Domain | Location | |
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Venture capital firm focused on fintech, healthcare, logistics, enterprise tech, AI, ed tech, and multiple sectors
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Founded Year | Domain | Location | |
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Venture capital firm focused on CSAA Insurance Group
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by LoanSnap
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - LoanSnap
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Loansnap Comparisons
Competitors of LoanSnap
LoanSnap operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Kiavi, MT Finance, One Savings Bank, Certain Lending and Perenna, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Residential and commercial mortgages are connected via an online marketplace.
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| domain | founded_year | HQ Location |
Diversified lending NBFI
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| domain | founded_year | HQ Location |
Provider of an online marketplace for mortgage loans
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| domain | founded_year | HQ Location |
Online P2P platform for real estate lending is facilitated.
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| domain | founded_year | HQ Location |
Provider of home financial services
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Loansnap
Frequently Asked Questions about LoanSnap
When was LoanSnap founded?
LoanSnap was founded in 2018.
Where is LoanSnap located?
LoanSnap is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is LoanSnap a funded company?
LoanSnap is a funded company, having raised a total of $57.7M across 5 funding rounds to date. The company's 1st funding round was a Series B of $10M, raised on Jul 20, 2018.
What does LoanSnap do?
LoanSnap is an online marketplace for residential commercial mortgage loans. It uses AI to analyze users financial information to recommend loan options from multiple lenders. Users need to scan the drivers license or enter their address, then enter the last four digits of their social security number and answer a few questions to get their loan options. It offers an app-based platform that is available on iOS Android devices.
Who are the top competitors of LoanSnap?
LoanSnap's top competitors include Kiavi, MT Finance and Ambak.
What products or services does LoanSnap offer?
LoanSnap offers Refinance, HELOC, Mortgage, and VA Loans.
Who are LoanSnap's investors?
LoanSnap has 16 investors. Key investors include Virgin, True Ventures, Baseline Ventures, Mantis VC, and Mark Pincus.
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