Portfolio
Brace
The future of mortgage servicing.
Acquired by Stavvy
Why We Invested
Despite being one of the largest industries in financial services, mortgage servicing has been overlooked by innovation and is reliant on outmoded legacy software. In of light of record forbearance and loss mitigation requests due to COVID-19, banks and servicers are in search of solutions to both automate manual human workflows and provide borrowers with a digital, self-service experience. Brace offers them a best-in-class solution: a robust digital servicing and process automation platform with the potential to unbundle and modernize servicing core infrastructure, starting with loss mitigation and default.
Fintech
Eric Rachmel
CEO & Founder
Headquarters
Los Angeles, CA
Year founded
2017
Investment lead
Website
brace.ai