The Mortgage Collaborative’s (TMC) Emerging Technology Fund, a specialist fintech fund explicitly focused on the mortgage industry and immediately adjacent verticals, has made its latest investment in Halcyon.
Halcyon’s suite of services provides financial institutions with a 360-degree financial relationship with customers by affordably expanding their offerings to include investment advisory, IRS transcripts and tax preparation services.
Halcyon also introduces an industry-first rep/warranted IRS transcript income validation service.
“Given the immense experience and insight the TMC Emerging Tech Fund and its LPs bring to the table, we are thrilled and honored to secure their investment,” says Kirk Donaldson, CEO of Halcyon, in a release. “Our cutting-edge solutions are designed to address perennial mortgage industry challenges, including lowering closing costs and timeframes while streamlining the borrower experience, which makes us a perfect fit for the Fund.”
“We are extremely pleased to add Halcyon to our growing portfolio of mortgage tech leaders,” adds Sandy Selman, venture partner with the fund. “Halcyon has realized significant market traction in a relatively short amount of time and in a difficult market. They count some of our Limited Partners as customers and created a partnership with one of our other portfolio companies, TRAiNED, thus demonstrating the importance of Halcyon to our ecosystem. We are confident, under Kirk’s experienced leadership, Halcyon will become one of the star performers of our portfolio.”