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OptiFunder - About the company

OptiFunder is a series B company based in Maryland Heights (United States), founded in 2018 by Michael Mcfadden. It operates as a Developer of software for mortgage warehouse funding and lifecycle management. OptiFunder has raised $25M in funding from Arthur Ventures. The company has 1452 active competitors, including 66 funded and 115 that have exited. Its top competitors include companies like Generix Group, TidalWave and Virtualstock.

Company Details

Developer of software for mortgage warehouse funding and lifecycle management. This technology facilitates connectivity between mortgage originators and warehouse lenders to automate funding processes. The system integrates with loan origination software, document custodians, and banking platforms to manage post-closing tasks and warehouse operations. It provides tools for tracking note rates, carry costs, and dwell times to assist in the administration of mortgage warehouse facilities.
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Email ID
*****@optifunder.com
Phone Number
+1 **********
Registered Address
1807 Park 270 Drive, Suite 420 Maryland Heights, MO 63146
Key Metrics
Founded Year
2018
Location
Maryland Heights, United States
Stage
Series B
Total Funding
$25M in 1 round
Latest Funding Round
Investors
Ranked
Employee Count
35 as on Aug 31, 2026
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OptiFunder's funding and investors

OptiFunder has raised a total funding of $25M over 1 round. Its latest funding round was a Series B round on Nov 23, 2021 for $*****. 1 investor participated in its latest round. OptiFunder has 1 institutional investor.

Here is the list of recent funding rounds of OptiFunder:
Date of Funding
Funding Amount
Round Name
Post-Money Valuation
Revenue Multiple
Lead Investors
Other Investors
Nov 23, 2021
6947538
Series B
7936063
9306651
7617719
7386047
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OptiFunder's founders and board of directors

Founder? Claim Profile
The founders of OptiFunder is Michael Mcfadden. Michael Mcfadden is the CEO of OptiFunder.
Here are the details of OptiFunder's key team members:

OptiFunder's employee count trend

OptiFunder has 35 employees as of Aug 26. Here is OptiFunder's employee count trend over the years:
Employee count trend for OptiFunder
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OptiFunder's Competitors and alternates

Top competitors of OptiFunder include Generix Group, TidalWave and Virtualstock. Here is the list of Top 10 competitors of OptiFunder, ranked by Tracxn score:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for Generix Group
Generix Group
1996, Paris (France), Public
Supply chain and collaboration solutions
-
62/100
2nd
Logo for TidalWave
TidalWave
2023, New York City (United States), Series A
Developer of an AI platform streamlining mortgage origination for financial institutions
$22M
60/100
3rd
Logo for Virtualstock
Virtualstock
2004, Reading (United Kingdom), Acquired
Provider of cloud-based inventory management solutions for retailers
$23.9M
59/100
4th
Logo for DecisionPoint
DecisionPoint
1995, Irvine (United States), Public
Provider of a field service and warehouse management solution
$16.3M
59/100
5th
Logo for Stavvy
Stavvy
2017, Boston (United States), Series A
Provider of a digital platform for real estate transaction management
$41.5M
58/100
6th
Logo for Kargo
Kargo
2019, San Francisco (United States), Series B
Provider of automated shipping and receiving solutions for warehouse operations
$91.4M
58/100
7th
Logo for Computer Associates
Computer Associates
1978, Providence (United States), Acquired
Microsoft windows based ERP software vendor
$1.9M
58/100
8th
Logo for Fishbowl
Fishbowl
2001, Orem (United States), Acquired
Inventory management software for QuickBooks and Xero, streamlining operations
-
-
58/100
9th
Logo for Snapdocs
Snapdocs
2013, San Francisco (United States), Series D
Provider of digital closing software for mortgage and title transactions
$265M
57/100
10th
Logo for FirstClose
FirstClose
2000, Austin (United States), Series B
Mortgage settlement solutions provider
$39.7M
56/100
15th
Logo for OptiFunder
OptiFunder
2018, Maryland Heights (United States), Series B
Developer of software for mortgage warehouse funding and lifecycle management
$25M
52/100
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OptiFunder's Investments and acquisitions

OptiFunder has made no investments or acquisitions yet.

Reports related to OptiFunder

Here is the latest report on OptiFunder's sector:

News related to OptiFunder

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Media has covered OptiFunder for a total of 4 events in the last 1 year, 2 of them have been about company updates and 1 about partnerships.
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