EarnUp raises $31 million in oversubscribed funding round

With the investment, EarnUp said it will “build on its mission to create a financial system that works for everyone by expanding its reinvention of payment and data flows for the mortgage industry.”

Investors in the Series C round included LendingTree, KeyBank, Bain Capital Ventures, SignalFire, Blumberg Capital, and Flourish Ventures.

Read more: Bain Capital invests $25 million in early warning platform for lenders

“Our financial and strategic investment in EarnUp is consistent with our goal to improve the customer experience,” said J.D. Moriarty, president of marketplace and chief operating officer of LendingTree. “It is also a natural fit with our comprehensive home and consumer loan marketplaces. We’re excited to transform these industries together.”

“At KeyBank, we want to help make change for the better,” said Clark H. I. Khayat, executive vice president and chief strategy officer of KeyCorp. “Embracing new technology and investing in innovative fintech companies like EarnUp helps us improve customer satisfaction – and allows us to provide our clients and communities with accessible payment solutions.”