Button Finance raises $ 2 million in fundraising round


NEW YORK–(COMMERCIAL THREAD) –Button Finance, Inc., a home equity-focused fintech mortgage lender, today announced it has closed a $ 2 million fundraiser. The capital will allow Button Finance to hire talent and further develop its proprietary technology. Entities advised by Hildene Capital Management, LLC (“Hildene”) participated in the roundtable. Hildene is a $ 13 billion structured credit-focused asset manager based in Stamford, Connecticut.

Button Finance allows homeowners to borrow against the equity in their home through a hassle-free online process that enables quick decisions and financing in as little as five days. The company has built an AI-powered underwriting platform that allows it to lend to borrowers underserved by traditional lenders. While Button immediately focuses on home equity loans, the company plans to expand into a wider range of lending products over the next 24 months.

“Demand was strong for the cycle, and we were oversubscribed and happy with our new partners,” said Jason Harris, CEO of Button Finance. “The past year has been difficult for everyone; however, US homeowners now have more untapped equity than ever before, given the recent rise in home prices. Button Finance’s products allow borrowers to access their home equity, pay off high-interest debt, and enhance home renovations. ”

Hildene was joined by L&L Capital Partners and angel investors from the NY fintech ecosystem.

“Traditional players in the mortgage industry have been slow to adopt new technology and innovative underwriting. The Button Finance team spotted a gap in the market and built a robust underwriting model to address it, resulting in higher risk-adjusted returns. Said Dushyant Mehra, Co-CIO of Hildene Capital Management. “We are excited to be working with Button as they continue to build their unique origination platform.”

Along with this capital increase, Button Finance announced the hiring of Josh Hager to oversee mortgage operations. Josh has over 20 years of experience in the mortgage industry, including managerial positions with many fintech mortgage originators including Better.com, Homeward and Divvy Homes.

About Button Finance

Founded by an experienced lending and technology team, Button Finance, Inc. helps borrowers extract value from their home through home equity loans and a bespoke, technology-driven underwriting process. . Button Finance aims to help individuals and families achieve financial independence by providing more options to monetize their most important asset, their home.

Learn more about www.buttonfinance.com.

About Hildene Capital Management

Based in Stamford, Connecticut, Hildene was founded in 2008 and focuses on distressed and event-driven credit opportunities. Hildene manages over $ 13 billion for her investors.

Hildene’s core skill is opportunistic investing. Hildene’s senior investment team has a long established track record of investing across credit cycles, leveraging their experience and expertise in managing complex assets. The company seeks to generate attractive risk-adjusted returns for its institutional clients by implementing a disciplined and systematic approach to investing.

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