Digital mortgage and fulfillment platform Maxwell has raised $16.3 million in a Series B funding round, the company said on Thursday.

The round was led by Fin VC and TTV Capital. Other investors included Rotor Capital, The Mortgage Collaborative Emerging Technology Fund, Prudence Holdings and existing investors including Anthemis Group, Route 66 Ventures, and Sovereign’s Capital. The capital raise follows a $5 million Series A funding round in June 2020.

Maxwell, which markets its product to small and mid-sized lenders, uses artificial intelligence to streamline and accelerate the mortgage process for community lenders and their borrowers. In short, their AI platform, details ⇒

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