About Summit Funding
Summit Funding is a company based in Sacramento (United States) founded in 1995 was acquired by CrossCountry Mortgage in March 2026. It operates as a B2C. The company has 976 employees as of December 31, 2020. Summit Funding operates in a competitive market with competitors including Freedom Mortgage, Wintrust, Motilal Oswal Financial Services, American Advisors Group and Lendmark Financial, among others.
- Headquarter Sacramento, United States
- Employees 976 as on 31 Dec, 2020
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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 Summit Funding, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
976
as on Dec 31, 2020
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Acquired by
CrossCountry Mortgage
(Mar 18, 2026)
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Funding Insights of Summit Funding
| 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 Summit Funding
Summit Funding has secured backing from 1 investor. Prominent investors backing the company include CrossCountry Mortgage. 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 loan services are provided nationwide by CrossCountry Mortgage.
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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 Summit Funding
| 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 - Summit Funding
| 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 |
Summit Funding Comparisons
Competitors of Summit Funding
Summit Funding 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 Freedom Mortgage, Wintrust, Motilal Oswal Financial Services, American Advisors Group and Lendmark Financial, 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 |
Mortgage services are provided for home purchases and refinancing options.
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| domain | founded_year | HQ Location |
Bank offering diversified financial services
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| domain | founded_year | HQ Location |
Diversified investment and advisory services are provided to clients.
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| domain | founded_year | HQ Location |
Reverse mortgage loans provider
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| domain | founded_year | HQ Location |
Auto and personal loans are provided to customers nationwide.
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| domain | founded_year | HQ Location |
Home loans are provided to customers by Home Point Financial.
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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 Summit Funding
Frequently Asked Questions about Summit Funding
When was Summit Funding founded?
Summit Funding was founded in 1995.
Where is Summit Funding located?
Summit Funding is headquartered in Sacramento, United States. It is registered at Sacramento, California, United States.
How many employees does Summit Funding have?
As of Dec 31, 2020, the latest employee count at Summit Funding is 976.
What does Summit Funding do?
Summit Funding operates with a B2C model, focusing on offering financial products and advice, facilitating loans and financing, mortgage services, and home loans. Provides comprehensive solutions for home loan financing. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations.
Who are the top competitors of Summit Funding?
Summit Funding's top competitors include Wintrust, Freedom Mortgage and Lendmark Financial.
Who are Summit Funding's investors?
Summit Funding has 1 investor. Key investors include CrossCountry Mortgage.