Startup Pylon raised $8.5 million in its seed round to build a mortgage-as-a-service platform for fintechs, banks and retail banks.

Conversion Capital led the funding with participation from Fifth Wall, Peter Thiel, QED Investors, Montage Ventures, and Village Global as well as Ramp, Blend, Zillow, SoFi and Figure, the company announced. 

Headquartered and founded by Trent Hedge and Marco Monteiro earlier this year, the firm’s unified stack offers a white-labeled interface that can pre-fill loan applications in addition to instantly verifying income, assets and pulling credit, according to its website. 

The built-in underwriting logic aims to deliver quick and details ⇒

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