About Longbridge Financial
Longbridge Financial is a company based in Mahwah (United States) founded in 2012 was acquired by Ellington Financial in February 2022.. Longbridge Financial has raised $1.63 million across 5 funding rounds from investors including Home Point Financial and Ellington Financial. Longbridge Financial offers products and services including HECM Reverse Mortgage, HECM for Purchase, and Longbridge Platinum. Longbridge Financial operates in a competitive market with competitors including Sun West Mortgage, PERL Mortgage, Financial Concepts Mortgage, Peggy and Hampton Reverse Mortgage, among others.
- Headquarter Mahwah, United States
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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
*********
- Legal Name Longbridge Financial, Llc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.63 M (USD)
in 5 rounds
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Latest Funding Round
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Investors
Home Point Financial
& 1 more
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Employee Count
Employee Count
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Acquired by
Ellington Financial
(Feb 23, 2022)
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Products & Services of Longbridge Financial
Longbridge Financial offers a comprehensive portfolio of products and services, including HECM Reverse Mortgage, HECM for Purchase, and Longbridge Platinum. 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.
Enables seniors to convert home equity into cash without selling home.
Allows use of reverse mortgage for buying a new home.
Private reverse mortgage option for ages 55-61 in select states.
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Funding Insights of Longbridge Financial
Longbridge Financial has successfully raised a total of $1.63M across 5 strategic funding rounds. 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 Last Round
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First Round
First Round
(18 Jul 2012)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2016 | Amount | Series A - Longbridge Financial | Valuation |
investors |
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| Sep, 2014 | Amount | Series A - Longbridge Financial | Valuation |
investors |
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| Dec, 2013 | Amount | Series A - Longbridge Financial | Valuation |
investors |
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| 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 Longbridge Financial
Longbridge Financial has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Home Point Financial and Ellington Financial. 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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Home loans are provided to customers by Home Point Financial.
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Founded Year | Domain | Location | |
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Investments in loans and securities are primarily managed.
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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 Longbridge Financial
| 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 - Longbridge Financial
| 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 |
Longbridge Financial Comparisons
Competitors of Longbridge Financial
Longbridge Financial 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 Sun West Mortgage, PERL Mortgage, Financial Concepts Mortgage, Peggy and Hampton Reverse Mortgage, 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 |
Provides comprehensive solutions for reverse mortgage loans.
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| domain | founded_year | HQ Location |
Consumer mortgage loans are provided for home financing needs.
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| domain | founded_year | HQ Location |
Offers personalized home loans, refinancing, and loan options for buyers in Oklahoma.
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| domain | founded_year | HQ Location |
Artworks are bought and sold via an online marketplace platform.
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| domain | founded_year | HQ Location |
Provides comprehensive solutions for reverse mortgage loans.
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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 Longbridge Financial
Frequently Asked Questions about Longbridge Financial
When was Longbridge Financial founded?
Longbridge Financial was founded in 2012.
Where is Longbridge Financial located?
Longbridge Financial is headquartered in Mahwah, United States. It is registered at Mahwah, New Jersey, United States.
Is Longbridge Financial a funded company?
Longbridge Financial is a funded company, having raised a total of $1.63M across 5 funding rounds to date. The company's 1st funding round was a Series A of $259K, raised on Jul 18, 2012.
What does Longbridge Financial do?
Longbridge Financial was established in 2012 and is headquartered in Mahwah, United States. Operations focus on the financial sector, specifically reverse mortgage lending. Services include funding options for seniors to access home equity without monthly repayments. Activities are conducted nationwide, with emphasis on compliance and borrower eligibility assessments. The firm maintains an online presence via longbridge-financial.com for client inquiries and applications.
Who are the top competitors of Longbridge Financial?
Longbridge Financial's top competitors include Peggy, PERL Mortgage and Sun West Mortgage.
What products or services does Longbridge Financial offer?
Longbridge Financial offers HECM Reverse Mortgage, HECM for Purchase, and Longbridge Platinum.
Who are Longbridge Financial's investors?
Longbridge Financial has 2 investors. Key investors include Home Point Financial, and Ellington Financial.