Fire Awards: Finalist - Software/innovation
Mortgage technology startup OptiFunder has grown quickly since its launch in 2018. The past year has been key to its growth spurt. In November, it announced it raised $25 million from investors to propel its expansion strategy. The startup says its customer roster grew by 140% in 2021 and signed on 19 clients that are top 100 U.S. mortgage lenders. It’s also placed an emphasis on expanding its technology with new tools and features. It has 29 employees, 13 of whom have been hired since the start of 2022. Michael McFadden is founder and CEO of OptiFunder.
What was your company’s biggest achievement in the past year? OptiFunder’s one-of-a-kind technology solution that helps mortgage bankers uncover and eliminate hidden costs has pushed the St. Louis startup into a hyper growth phase such that 20 of the nation’s top 100 mortgage lenders have recently signed on as customers. This success helped secure a $25 million investment from Arthur Ventures that will be used to develop new products and expand the company’s presence in St. Louis and across the country.
What is your company’s top goal for the next year? The big goal for 2022: Using forward momentum, OptiFunder aims to double its customer base by the end of the year.
Are you currently hiring? If so, for what roles? OptiFunder continues to grow in the second half of 2022 and is currently hiring the following positions:
- Full Stack Python Developer
- Product Analyst - Configuration Support
- Sr. Data Scientist/Optimization Lead
- Warehouse Lending Operations Specialist
For links to profiles of winners and finalists in the 2022 Fire Awards and Startup Exit Awards, go here:
