About LoanSnap
LoanSnap is a Financial Services company based in San Francisco (United States) founded in 2018 by Allan Carroll. Online marketplace for residential commercial mortgage loans. 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. Its focus areas include FinTech, Alternative Lending, Online Lenders and Mortgages. Its legal entity is LoanSnap, Inc. Its competitors include Kiavi, Certain Lending and Acre Homes; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters San Francisco, United States
- Founders Allan Carroll
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website goloansnap.com
- Social LinkedIn X YouTube
- Legal Name Loansnap, Inc.
- Total Equity Funding$57.7M (USD)
in 5 rounds
- Latest Funding Round$30M (USD), Series B
May 2021
- InvestorsVirgin
& 15 more
Products & Services of LoanSnap
LoanSnap offers a comprehensive portfolio of products and services, including Refinance, HELOC, Mortgage, and VA Loans.
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
Apps and channels of LoanSnap
its YouTube channel LoanSnap has 34 subscribers and 24 videos.
Videos from LoanSnap
The most watched videos on LoanSnap's YouTube channel, LoanSnap (34 subscribers). Click a video to play it here.
More on LoanSnap.
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 $57.7M
- Total Rounds 5
- Last Round Series B — $30M
- First Round $8M
(Jul 2018)
- Investors Count 16
All 5 funding rounds of LoanSnap with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2021 | $30M | Series B | – | True Ventures | |
| Oct 2020 | $5M | Series B | – | Avanta Ventures | – |
| May 2020 | $10M | Series B | – | True Ventures, Mantis VC | |
| Jan 2019 | $4.7M | Series A | – | Thomvest Ventures | – |
| Jul 2018 | $8M | Series A | – | True Ventures |
16 investors in total: 13 institutional and 3 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm supporting AI founders through investments and community. | trueventures.com | |||
Venture capital firm focused on fintech, healthcare, logistics, enterprise tech, AI, ed tech, and multiple sectors | mantisvc.com | Los Angeles, United States | ||
Venture capital firm focused on CSAA Insurance Group | avantaventures.com | Mountain View, United States | ||
Investments are directed toward fintech, cybersecurity, and martech sectors. | thomvest.com | San Francisco, United States | ||
Venture capital fund focused on seed-stage investment in multiple sectors | liquid2.vc | San Francisco, United States | ||
Single family office of Mark Pincus | workplay.ventures | San Francisco, United States | ||
Early-stage US tech startups are funded by Accelerator Ventures. | acceleratorventures.com | San Francisco, United States | ||
US based VC firm investing in seed stage | moradoventures.com | San Francisco, United States | ||
Seed & early stage sector-agnostic VC firm funding companies in the US | ovofund.com | Palo Alto, United States | ||
VC firm making investment in early stage companies in the US | transmediacapital.com | San Francisco, United States |
Investor details for LoanSnap
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
People of LoanSnap
9 people are tracked at LoanSnap (7 in leadership, 2 in board & advisors).
| Name | Role | Group |
|---|---|---|
Allan Carroll | Co-Founder & CTO | Leadership |
Laura Bae | Director Of Business Operations | Leadership |
Karl Jacob | Co-Founder & CEO | Leadership |
Kyle Ferraro | Director Of Sales | Leadership |
Lauren Hedvat | Head of Capital Markets | Leadership |
Nikunj Somaiya | Vice President Of Product Management | Leadership |
Julie Uyemura | Director of Sales Development | Leadership |
DJ Patil | Adviser | Board & advisors |
Adam Nash | Adviser | Board & advisors |
Complete people profiles for LoanSnap
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
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Verified entity values are shown only after access is granted.
Timeline of LoanSnap
3 dated milestones of LoanSnap across 3 years, from founding to its latest funding, stage changes and deals.
- Founded LoanSnap is founded.
- Funding First funding round of $8.0M.
- Funding Latest funding round, Series B, of $30.0M.
Competitors of LoanSnap
LoanSnap has 3 listed competitors in our database, 3 of them funded. They include Kiavi, Certain Lending and Acre Homes.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| kiavi.com | 2013 | San Francisco, United States | $241.3M | Residential and commercial mortgages are connected via an online marketplace. | ||
| certainlending.com | 2017 | San Francisco, United States | $7.73M | 58 | Online P2P platform for real estate lending is facilitated. | |
| acrehomes.com | 2021 | Raleigh, United States | $10M | 11 | Residential homes are facilitated via an online rent-to-buy mortgage platform. |
Detailed competitors of LoanSnap
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
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Verified entity values are shown only after access is granted.
Top companies in Alternative Lending
3 companies that operate in the same segment as LoanSnap (Alternative Lending) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Diversified loans are provided via an AI-enabled online marketplace. | 2012 | Palo Alto, California, United States | USD 128.65 M | USD 1.04 B | 1,190 | |
Various consumer loans and financial services are offered online. | 2011 | San Francisco, California, United States | USD 3.04 B | USD 4.77 B | 6,843 | |
Credit score checking and comparison platform for financial products | 2007 | San Francisco, California, United States | USD 869.77 M | 1,487 |
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Related news about Loansnap
Complete news archive for LoanSnap
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Frequently Asked Questions about LoanSnap
LoanSnap was founded in 2018.
LoanSnap is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
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 A of $8M, raised on Jul 2018.
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.
LoanSnap's top competitors include Kiavi, Acre Homes and Certain Lending.
LoanSnap offers Refinance, HELOC, Mortgage, and VA Loans.
LoanSnap has 16 investors. Key investors include Virgin, True Ventures, Baseline Ventures, Mantis VC, and Mark Pincus.
LoanSnap operates through Loansnap, Inc..