Charlotte-based mortgage platform Bundle recently closed on its first outside round of equity funding.
The $250,000 raise included investments from Charlotte Angel Fund and other independent investors, co-founder Eric Mager said.
Bundle, founded in 2018 by Mager and Marco Burgarello, is a mortgage platform that allows homebuyers to learn about the homebuying process, create a budget, connect with mortgage lenders, compare rates and get answers to any questions they may have.
The raise is the first outside money for the two-year-old startup, Mager said, and it will be used to continue building out the platform and onboarding larger lenders.
“We’re going to do a lot of development work to be able to do those things, and we’re going to supercharge our sales as well,” he said.
Mager said they plan to begin raising a larger round later this year that will help the startup bring on even more lending partners.
The platform is free to potential homebuyers and provides a safe, private means of engagement with mortgage brokers. Homebuyers can search and hold conversations anonymously, something Mager said takes the pressure out of the process.
“There’s so much anxiety in the process anyway,” he said. “We make everything as comfortable as we can from the get-go.”
