Blue Sage Solutions, which offers the Blue Sage Digital Lending Platform, has closed a financing round from Goldman Sachs Growth Equity, which focuses exclusively on investments in growth stage and technology-driven companies.
The investment is Blue Sage’s first external round of funding since the company was founded by Carmine Cacciavillani, president and CEO.
Blue Sage has been on a rapid growth trajectory, doubling revenues in 2020 from the previous year. The company’s customers include independent mortgage bankers, credit unions, and leading banks.
“We created the Digital Lending Platform to provide lenders the most modern and comprehensive solution in the market, allowing them to more efficiently close and fund thousands of loans while reducing compliance risk. We provide the only multi-channel platform in the marketplace with a combined point-of-sale and loan origination system,” says Cacciavillani, in a release. “We developed it from the ground up in the last five years.
“With Goldman Sachs as an investor, we continue to strengthen our balance sheet while gaining access to Goldman’s incredible resources, industry relationships and expertise in helping companies like ours to accelerate growth and scale to meet the needs of our customers and prospects,” Cacciavillani adds.
Blue Sage will use the capital to continue investing in growth initiatives, including developing additional features that will further strengthen its Digital Lending Platform.
“Goldman Sachs also brings a deep understanding of technology and operational expertise to assist in scaling our business,” Cacciavillani says. “Goldman Sachs’ expertise will contribute to executing our vision.”