DepositLink, a Boston, MA-based digital payment platform for the real estate industry, closed a $3.0 million Series Seed 2 funding.
Unnamed angel investors participated in the round.
The company intends to use the funds for platform development, sales, marketing, and customer success to accelerate market penetration and expand deployments within existing accounts.
Funding Month: July 2022
Lead Investors: Undisclosed
Company Website: https://www.depositlink.com/
Software Category: Digital Payment platform
About the Company: Led by Jay Rooney, CEO, and Founder, DepositLink is a mobile responsive digital payments solution for real estate businesses. With DepositLink, real estate and title companies can collect earnest money deposits, send commission payments, issue refunds, and request rental deposits digitally. Payments made on the platform deliver good funds through the ACH network in less than one business day. DepositLink is a safe, secure, and easy way for real estate companies and escrow agents to collect earnest money deposits and commissions electronically through the ACH network. DepositLink mobile responsive website solution eliminates wire fraud and checks handling liabilities for escrow holders. DepositLink increases efficiencies for both accounting staff and agents thereby enhancing service levels for their clients.