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Doorr is a technology company.
Doorr provides a collaborative digital platform designed to streamline the mortgage origination process for brokers and agents. Its core offering is a technology solution that enables seamless interaction between mortgage professionals, realtors, and clients, digitizing workflows and enhancing efficiency across the mortgage application journey. The platform addresses the need for improved user experience and technological adoption within the traditionally manual mortgage industry.
The company was co-founded by Muhammad Rashid, Abbas Ali, and Adam Hijleh, serving as CEO, CPO, and CTO respectively. Their insight stemmed from the observation that while consumers are increasingly comfortable with technology for financial processes, traditional mortgage brokerages often lagged in digital transformation, creating an opportunity to build a more user-friendly and collaborative system.
Doorr primarily serves mortgage brokers and agents, empowering them to offer a more modern and efficient service to their clients and collaborating realtors. The company's overarching vision is to leverage technology to simplify the mortgage process, making it more accessible and less cumbersome for all parties involved, thereby setting a new standard for how mortgages are facilitated.
Doorr has raised $1.7M across 2 funding rounds.
Doorr has raised $1.7M in total across 2 funding rounds.
Doorr is a Toronto-based fintech company that built a digital mortgage platform to streamline the mortgage process for brokers, agents, realtors, and clients.[1][2][3] Its core product enables seamless collaboration from application submission to deal funding in a centralized, transparent system, solving inefficiencies in traditional mortgage workflows by integrating brokerage functions like data ownership and client updates.[1][2][3] Formerly known as Moregidge, Doorr raised $1.86M, achieved early traction through accelerators like YSpace and Techstars, and was acquired by Filogix (a Finastra subsidiary) in October 2020, accelerating its growth in the Canadian market.[1][2][3][4]
The platform targets the mortgage industry, primarily serving brokers and applicants to improve speed, transparency, and user experience via cloud-based point-of-sale software.[1][4] Post-acquisition, Doorr's features enhanced Filogix's mortgage marketplace, connecting consumers, brokers, and lenders while leveraging open APIs for better integration.[3][4]
Doorr was founded in 2018 in Toronto, Canada, by Muhammad Rashid (CEO), Adam Abu Hijleh (CTO), and Abbas Ali (Chief Product Officer), who brought tech enthusiasm and scaling expertise to the venture.[2][3] Originally launched as Moregidge, the company underwent multiple pivots in business model and branding to refine its focus on digital mortgage solutions.[1][3]
The idea emerged from Rashid's search for an entrepreneurship incubator; he connected with YSpace at York University via a chance meeting in Toronto's Dundas Square with Innovation York's David Kwok, gaining access to networks and support.[3] Early traction came from investors like YSpace, Hustle Fund, and Techstars, plus a $1.26M seed round in May 2020 to fuel product development, culminating in the pivotal October 2020 acquisition by Filogix.[2][3][4]
Doorr stood out in the proptech and fintech space through these key strengths:
Doorr rode the digital transformation wave in mortgages, a trend accelerating amid rising demand for proptech amid remote processes and open banking.[3][4] Its timing was ideal post-2018, capitalizing on Canada's brokered mortgage market growth and the shift to cloud-based, API-driven tools during economic uncertainty.[1][4]
Market forces like Finastra's dominance in Canadian mortgage tech and partnerships (e.g., Microsoft cloud deals) favored Doorr, enabling it to influence the ecosystem by improving borrower experiences and broker efficiency.[3][4] Post-acquisition, it bolstered Filogix's marketplace, contributing to fintech consolidation where startups enhance incumbents' digital offerings.[4]
Integrated into Finastra's ecosystem since 2020, Doorr's trajectory points to expanded features in AI-driven mortgage processing and broader North American rollout, fueled by ongoing fintech digitization.[3][4] Trends like embedded finance and regulatory pushes for transparency will shape its path, potentially evolving its influence through scaled open-API integrations.
As a startup that pivoted from Moregidge to acquisition success, Doorr exemplifies how targeted proptech solves real brokerage pain points, setting a model for consumer-first platforms in housing finance.[1][3]
Doorr has raised $1.7M in total across 2 funding rounds.
Doorr's investors include Celtic House Venture Partners, Connor Edwards, Joshua Gans, Techstars.
Doorr has raised $1.7M across 2 funding rounds. Most recently, it raised $1.2M Seed in May 2020.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| May 6, 2020 | $1.2M Seed | Celtic House Venture Partners, Connor Edwards | Joshua Gans, Techstars |
| Jan 1, 2019 | $500K Seed | Techstars |