US-based Streamloan used this pitch deck to win 500 Startups’ backing

ABOUT

Founded in 2015, Streamloan provides digital tools for both large and small mortgage lenders. Its platform allows borrowers and realtors to collaborate in real-time to speed up the home loan purchasing process.

The US-based startup used this pitch deck for the 500 Startups Demo Day in 2016 and successfully secured initial backing from the early-stage venture fund. Streamloan also joined Envestnet-Yodlee Incubator program during its 2016-2017 cohort.

The company also raised another round in 2018, bagging US$2 million in seed funding that year. More recently, it partnered up with insurance firm Progressive to integrate insurance quotes into its digital mortgage process.

Fundraising journey

• 2016: Undisclosed amount of initial funding from 500 Startups.
• 2018: US$2 million in seed funding from Acorn Pacific Ventures, Whitespace Capital, Steve Weston, the former CEO of Barclays Mortgage Bank, and Rajiv Krishnarao, the director of finance at Uber.

How is the deck compelling?

• The deck looks simple without too many scripts inside it.
• The images put inside the deck were utilized as a visual tool when they were pitching it.
• States the current mortgage processes that Streamloan wanted to solve.
• Proves how Streamloan adds a value to the loan and mortgage field by showing their revenue numbers and pipeline.

SOURCE

Deck: 500 Startups