About OpenClose
OpenClose is a company based in West Palm Beach (United States) founded in 1999 was acquired by MeridianLink in November 2022.. OpenClose offers products and services including Loan Origination System (LOS), Mortgage LOS, Deposit Account Opening, and Data & Reporting. OpenClose operates in a competitive market with competitors including SimpleNexus, Roostify, Cloudvirga, BlueSage and Vesta, among others.
- Headquarter West Palm Beach, United States
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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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Annual Revenue
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Net Profit
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Latest Funding Round
- Investors
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Acquired by
MeridianLink
(Nov 07, 2022)
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Products & Services of OpenClose
OpenClose offers a comprehensive portfolio of products and services, including Loan Origination System (LOS), Mortgage LOS, Deposit Account Opening, and Data & Reporting. 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.
SaaS software for efficient loan processing in financial institutions
Platform for integrated digital mortgage experiences and closing
System for quick and secure account opening processes
Tools to drive profitability through origination data analysis
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Funding Insights of OpenClose
| 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 |
Investors in OpenClose
OpenClose has secured backing from 1 investor. Prominent investors backing the company include MeridianLink. 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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Loan lifecycle management systems are provided for lenders and institutions.
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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 OpenClose
| 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 - OpenClose
| 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 |
Openclose Comparisons
Competitors of OpenClose
OpenClose 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 SimpleNexus, Roostify, Cloudvirga, BlueSage and Vesta, 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 |
Loan life cycle management platforms are developed for mortgage lenders.
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| domain | founded_year | HQ Location |
Digital loan origination solutions are provided for mortgage lenders.
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| domain | founded_year | HQ Location |
Cloud-based automation of mortgage lending processes is provided.
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| domain | founded_year | HQ Location |
Cloud-based mortgage origination and customer engagement solutions are provided.
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| domain | founded_year | HQ Location |
Pillow and duvet cover products are provided by Vesta brand.
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| domain | founded_year | HQ Location |
Blockchain is applied to mortgage and insurance application processes.
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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 Openclose
Frequently Asked Questions about OpenClose
When was OpenClose founded?
OpenClose was founded in 1999.
Where is OpenClose located?
OpenClose is headquartered in West Palm Beach, United States. It is registered at West Palm Beach, Florida, United States.
Who is the current CEO of OpenClose?
Jason Regalbuto is the current CEO of OpenClose.
What does OpenClose do?
OpenClose provides a web-based mortgage lending solutions to financial institutions. Its main products are: 1.Lender Assist: Web-based loan origination software system (LOS).; 2.Decision Assist: Loan eligibility and pricing engine.; 3.Consumer Assist: Develops custom consumer websites and tools.; 4.Office Assist: Intranet suite designed specifically for lenders.; 5.Doc Assist: Loan document imaging, storage and retrieval solution.
Who are the top competitors of OpenClose?
OpenClose's top competitors include Cloudvirga, Floify and Acre.
What products or services does OpenClose offer?
OpenClose offers Loan Origination System (LOS), Mortgage LOS, Deposit Account Opening, and Data & Reporting.
Who are OpenClose's investors?
OpenClose has 1 investor. Key investors include MeridianLink.