Deals
Wells Fargo Backs Mortgage Startup Maxwell at $450 Million Valuation
- Mortgage platform seeks to serve small and mid-market lenders
- Firm is ‘modernizing the mortgage market,’ CEO Paasonen says
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Maxwell, a startup that operates an online platform catering to mortgage loan officers and smaller lenders, raised $28.5 million in equity funding from investors led by venture firm Fin VC and Wells Fargo Strategic Capital.
The capital injection values the Denver-based company at $450 million, a person with knowledge of the matter said.