About Newfi
Newfi is a company based in Emeryville (United States) founded in 2014 by Michelle Constantine and Steve Abreu was acquired by Athene in October 2021. Newfi has raised $4.92 million across 3 funding rounds from investors including Athene and Warburg Pincus. The company has 125 employees. Newfi offers products and services including 30-Year Fixed Rate Mortgage, FHA Loans, VA Loans, Cash Out Refinance, and DSCR Loans. Newfi operates in a competitive market with competitors including LendingOne, HomeLend, Liquid Mortgage, Mortgage Peer Network and TapCap, among others.
Products & Services of Newfi
Newfi offers a comprehensive portfolio of products and services, including 30-Year Fixed Rate Mortgage, FHA Loans, VA Loans, Cash Out Refinance, and DSCR Loans.
Fixed-rate loan for long-term home financing
Loans insured by FHA for home buyers with lower credit
Mortgages for military veterans and their families
Refinancing to access home equity for other needs
Loans based on property income for investors
Funding Insights of Newfi
Newfi has successfully raised a total of $4.92M across 3 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 $4.92M
- Total Rounds 3
- First Round $4.18M
(Aug 2014)
- Investors Count 1
All 3 funding rounds of Newfi 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 |
|---|---|---|---|---|---|
| Jan 2017 | – | Series A | – | Warburg Pincus | – |
| Oct 2015 | $749,999 | Series A | – | – | – |
| Aug 2014 | $4.18M | Series A | – | – | – |
2 investors in total: 2 institutional.
Investors in Newfi
Newfi has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Athene and Warburg Pincus.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Multi-stage private equity investments are pursued across diverse sectors. | 1966 | warburgpincus.com | New York, United States | |
Retirement services provider | 2009 | athene.com | West Des Moines, United States |
Investor details for Newfi
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- Round participation
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People of Newfi
18 people are tracked at Newfi (8 in leadership, 10 in team); the tracked headcount is 125.
| Name | Role | Group |
|---|---|---|
Michelle Constantine | Co-Founder | Leadership |
Steve Abreu | Co-Founder & CEO | Leadership |
Joanna Ji | VP Of Finance | Leadership |
Kevin Mau | Vp, Secondary Marketing | Leadership |
Kristen Lamberson | VP Of Human Resources | Leadership |
Joseph Joyce | Vice President Of Technology Development | Leadership |
Rachel Cabalse | VP Of Marketing | Leadership |
Kayla Padol | Senior Vice President Marketing | Leadership |
Mark Gagnon | Senior Loan Advisor | Team |
Andy Chau | Senior Loan Advisor | Team |
Eric Bankston | Senior Loan Advisor | Team |
Brian Trapani | Senior Loan Advisor | Team |
Zarra Nielson | Marketing Data Coordinator | Team |
Bridgid Thomas | Marketing Manager | Team |
Kyle Lythjohan | SVP Data Analytics & Business Intelligence | Team |
Veronika Kollewe | Svp, Development & Support | Team |
Matthew Khan | SVP - Capital Markets & Product Development | Team |
Chris Keane | SVP, Direct Lending | Team |
Complete people profiles for Newfi
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Newfi
4 dated milestones of Newfi across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Newfi is founded.
- Funding First funding round of $4.2M.
- Funding Latest funding round, Series A,.
- Exit Acquired by Athene.
Competitors of Newfi
Newfi 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 LendingOne, HomeLend, Liquid Mortgage, Mortgage Peer Network and TapCap, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| lendingone.com | 2014 | Boca Raton, United States | – | 92 | Real Estate Lending | |
| homelend.com | 2019 | New York, United States | – | – | Online platform facilitating direct purchase and sale of mortgage loans | |
| liquidmortgage.io | 2017 | Denver, United States | – | – | Residential mortgages are facilitated through an online marketplace platform. | |
| mtgpeer.com | 2016 | North Little Rock, United States | – | – | Mortgage loans are facilitated via an online peer-to-peer lending platform. | |
| tapcap.co | 2019 | New York, United States | – | – | Online marketplace for mortgage loans | |
| carlylecapitalinc.com | 2000 | Irvine, United States | – | – | Real-estate-backed loans are facilitated through an online platform. | |
| mcapitalllc.com | 2020 | Claremont, United States | – | – | Provides loans for real estate including multi-family, bridge, and fix and flip options. | |
| crowdcopia.com | 2016 | Lansdowne, United States | – | – | Real estate lending with easy applications and personalized support for investors. | |
| hfccoin.org | 2018 | Destin, United States | – | – | Provides a decentralized platform for the mortgage industry. |
Detailed competitors of Newfi
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Web traffic of Newfi
The website of Newfi (newfi.com) receives about 44.1K visits a month and ranks #855,000 among all websites worldwide, #9,778 in Banking Credit and Lending.
- Monthly visits44.1K
▲ 27.7% vs previous month
- Unique visitors16.5K
per month
- Global rank#855,000
among all websites
- Category rank#9,778
Finance · Banking Credit and Lending
- Bounce rate68%
- Pages per visit2.1
- Average visit1 min 24 sec
- DevicesDesktop 11% · Mobile 89%
Websites whose visitors overlap most with Newfi. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
newfiwholesale.com | newfiwholesale.com | 100% | – | #723,734 | – |
farmbureau.bank | farmbureau.bank | 79% | – | #856,554 | – |
| griffinfunding.com | 78% | 42.1K | #724,552 | View details | |
| afcu.org | 72% | 680.7K | #136,877 | View details | |
| providentcu.org | 72% | – | #73,479 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 9 similar websites and full traffic analytics for Newfi
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 9 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Latest news on Newfi
Complete news archive for Newfi
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Newfi
10 companies that operate in the same segment as Newfi (Alternative Lending), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
A peer-to-peer marketplace for business loans is operated and developed. | 2010 | London, England, United Kingdom | USD 372.67 M | USD 299.61 M | 726 | |
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 | 5,000 | |
Purchase financing solutions are offered to businesses via installment payments. | 2019 | Dubai, Dubai, United Arab Emirates | USD 837 M | – | – | |
Financial services are provided, specializing in personal and business loans. | 2016 | Mumbai, Maharashtra, India | USD 349.23 M | USD 106.45 M | 1,749 | |
Credit score checking and comparison platform for financial products | 2007 | San Francisco, California, United States | USD 869.77 M | – | – | |
Financial benefits platform for on-demand pay is provided to employees. | 2018 | London, England, United Kingdom | USD 133.02 M | – | – | |
Payflow is recognized as a financial wellness application for employees. | 2020 | Alcobendas, Comunidad De Madrid, Spain | USD 58.23 M | – | – | |
Digital lending and instant credit lines are provided to individuals. | 2016 | Gurugram, Haryana, India | USD 115 M | USD 18.69 M | 81 | |
Personal loans and lines of credit are provided by Mogo. | 2008 | Vancouver, British Columbia, Canada | – | USD 49.45 M | – |
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Frequently Asked Questions about Newfi
Newfi was founded in 2014.
Newfi is headquartered in Emeryville, United States. It is registered at Emeryville, California, United States.
Steve Abreu is the current CEO of Newfi. They have also founded this company.
Newfi is a funded company, having raised a total of $4.92M across 3 funding rounds to date. The company's 1st funding round was a Series A of $4.18M, raised on Aug 2014.
Newfi has 125 employees.
Newfi was founded in 2014 in Emeryville, United States, as a provider in the mortgage lending sector. An online platform is operated where users profiles are created to receive customized rates. Documents are uploaded by users, and loan progress is tracked throughout the process. Funding is disbursed to consumers once documentation is completed, supporting streamlined lending operations.
Newfi's top competitors include HomeLend, LendingOne and TapCap.
Newfi offers 30-Year Fixed Rate Mortgage, FHA Loans, VA Loans, Cash Out Refinance, and DSCR Loans.
Newfi has 2 investors. Key investors include Athene, and Warburg Pincus.
Newfi operates through Nexera Holding Llc.
Yes. Newfi was acquired by Athene in October 2021.