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 as of December 31, 2022. 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.
- Headquarter Emeryville, United States
- Employees 125 as on 31 Dec, 2022
- Founders Michelle Constantine, Steve Abreu
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
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- Legal Name Nexera Holding Llc
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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. 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.
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
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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 Total Funding
- Total Rounds 3
- Last Round Last Round
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First Round
First Round
(22 Aug 2014)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jan, 2017 | Amount | Series A - Newfi | Valuation | Warburg Pincus |
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| Oct, 2015 | Amount | Series A - Newfi | Valuation |
investors |
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| Aug, 2014 | Amount | Series A - Newfi | 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 |
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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. 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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Multi-stage private equity investments are pursued across diverse sectors.
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Retirement services provider
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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 Newfi
| 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 - Newfi
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Newfi Comparisons
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. 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 |
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| domain | founded_year | HQ Location |
Real Estate Lending
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| domain | founded_year | HQ Location |
Online platform facilitating direct purchase and sale of mortgage loans
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| domain | founded_year | HQ Location |
Residential mortgages are facilitated through an online marketplace platform.
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| domain | founded_year | HQ Location |
Mortgage loans are facilitated via an online peer-to-peer lending platform.
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| domain | founded_year | HQ Location |
Online marketplace for mortgage loans
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Newfi
Frequently Asked Questions about Newfi
When was Newfi founded?
Newfi was founded in 2014.
Where is Newfi located?
Newfi is headquartered in Emeryville, United States. It is registered at Emeryville, California, United States.
Who is the current CEO of Newfi?
Steve Abreu is the current CEO of Newfi. They have also founded this company.
Is Newfi a funded 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 22, 2014.
How many employees does Newfi have?
As of Dec 31, 2022, the latest employee count at Newfi is 125.
What does Newfi do?
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.
Who are the top competitors of Newfi?
Newfi's top competitors include HomeLend, LendingOne and TapCap.
What products or services does Newfi offer?
Newfi offers 30-Year Fixed Rate Mortgage, FHA Loans, VA Loans, Cash Out Refinance, and DSCR Loans.
Who are Newfi's investors?
Newfi has 2 investors. Key investors include Athene, and Warburg Pincus.