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Proptech in Review: 3 investors explain how finance-focused proptech startups can survive the downturn

TechCrunch

Startups operating in the financial side of the real estate tech market suddenly faced a surge in demand, and many departed on hiring sprees to keep up. Predictably, home buyers made hay, taking full advantage of the favorable financial environment to pick up new homes and refinancing mortgages on their existing homes.

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Keyway secures funding to buy property from small business owners and lease it back to them

TechCrunch

Keyway , a startup that buys property from small and medium-sized business owners and then leases it back to them, has secured $70 million in debt financing on the heels of a $15 million equity raise. And 20% of transactions fall through because the buyer didn’t have guaranteed financing.” commercial real estate value.

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Former Zillow execs raise $70M seed round for Tomo, which wants to simplify the mortgage process

TechCrunch

The latest startup to raise venture money with the goal of making the process “smarter and faster” is one that was founded by a pair of executives that spent years at real estate giant Zillow. according to Crunchbase), but especially for the real estate tech space (perhaps the largest ever). They were once rivals.

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Q3 outlook forecasts cloudy days ahead for fintech M&A

TechCrunch

The company has raised over $86 million over its lifetime and counts NewView Capital and SoftBank’s SB Opportunity Fund among its backers. Meanwhile, Yaydoo has raised over $20 million from investors such as Base10 Partners, monashees, SB Opportunity Fund and Leap Global Partners. Guess we’ll see about that. And elsewhere.

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Varo’s bank charter milestone, more corporate cards and BNPL under a microscope

TechCrunch

This is particularly interesting because many of the existing corporate card players often point to Concur as an incumbent that they are trying to replace. Residential real estate marketplace Sundae last week conducted its second layoff this year. We also saw these decisions as an opportunity to build a longer runway.”

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Fintech Roundup: Will financial technology startups dodge the venture slowdown?

TechCrunch

I recently wrote about a new company called Glean AI , started by former OnDeck and Better.com CFO Howard Katzenberg, which aims to help businesses save money by using machine learning to analyze things like deal terms, line-item data, redundant offerings and negotiation opportunities. Manish Singh gives us all the details in this piece.

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Polly snags $37M in Menlo-led Series B to automate workflows for mortgage lenders

TechCrunch

The latest financing brings the San Francisco-based startup’s total funding raised to $50 million. I viewed it as a sizable opportunity to build a vertically integrated software platform that would automate workflows for a mortgage company,” Carmel told TechCrunch. “My