E-LOAN Gets Funding Boost
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Online mortgage broker E-LOAN today announced it received $25.4 million in fresh funding.
This is the firm's second round of funding which it said is intended to help further develop cutting-edge technology, diversify its product offering, and prepare for rapidly growing consumer demand.
Sequoia, Softbank, and Yahoo! join initial investors Benchmark Capital and Technology Partners, both of which also contributed to the second round of financing.
"Now we want to broaden our reach by diversifying our product offering, catering to more consumer market segments, and building the E-LOAN brand. This second round of funding will enable us to be much more aggressive without compromising our customer service focus and capacity to respond to rapidly growing demand," Larsen added.