Flueid Software Corporation, a fast-growing insurtech company delivering real estate closing automation solutions to the title insurance, real estate and mortgage lending industries, today announced the completion of a strategic investment led by Aquiline Technology Growth (ATG), an early- and growth-stage fund managed by Aquiline Capital Partners, a New York and London-based private equity firm investing in businesses globally across financial services and technology. Flueid intends to use the investment to continue development of its innovative technology, support its current product implementations and penetrate additional markets through sales and marketing team expansion.
Flueid provides strategic technology and business solutions that focus on eliminating outdated and costly inefficiencies found throughout real estate and mortgage lending transactions. Underpinned by its unrivaled industry expertise, Flueid utilizes data and automation to develop risk-eliminating automation products that streamline many of the traditionally manual backend title processing and closing functions of today’s closing service providers. Additionally, Flueid recently released an industry-leading solution for mortgage lenders and servicers that delivers an underwriter-backed title clearance decision, significantly accelerating the ability of these institutions to pinpoint loans within their portfolio or at point-of-sale, which can be immediately pursued. The solution also provides turn times for title work, allowing mortgage lenders to streamline their pipeline of loans by understanding the level of work and expertise necessary during the loan underwriting process.
“Flueid’s strong market momentum, product adoption and company growth are well-timed with the rapidly increasing demand for solutions that fast-track real estate closings while providing transparency for all parties involved,” said Max Chee, Head of ATG. “We are excited to partner with Flueid’s strong leadership team as the company enhances its strategic offerings and accelerates into this next stage of growth.”
“It’s exciting to see how Flueid’s solutions to automate the evaluation of potential consumer and property underwriting risk are being adopted by our customers. Our products not only streamline traditionally manual closing tasks but also enable transparency, which is critical to the ever-evolving closing practices within the title industry,” said Flueid CEO, Peter Bowman. “ATG’s financial support and significant experience in financial services and technology will help us build upon our vision of providing an enterprise-wide set of automation solutions even more rapidly and broadly.”