Setpoint.io is a technology company.
Setpoint.io has raised $74.0M across 2 funding rounds.
Setpoint.io has raised $74.0M in total across 2 funding rounds.
Setpoint.io has raised $74.0M in total across 2 funding rounds.
Setpoint.io's investors include Addition, Andreessen Horowitz, Bond, Emergence Capital, Floodgate, Foundamental, General Catalyst, Greylock, Haystack, Kleiner Perkins, Lux Capital, Matrix.
Setpoint is a financial technology company providing a SaaS platform that serves as the operating system for capital markets, automating funding lifecycles for lenders, operators, and asset managers.[1][2][3][5] It powers over $50 billion in financed assets annually across asset-backed securities (ABS), asset-backed facilities (ABF), debt, securitized products, equity, private credit, and real estate innovations like iBuyers and single-family rentals, with core tools for collateral management, diligence, portfolio management, and valuations.[2][3][4] Initially focused on proptech with $615 million in bridge capital to enable frictionless real estate transactions—such as contingent-free cash offers for companies like Homeward and Flyhomes—Setpoint has expanded to broader capital markets, funding transactions in hours rather than days or weeks while reducing operational errors.[1][2][3]
The platform solves inefficiencies in post-origination processes like manual document handling via email and Excel, streamlining workflows to boost liquidity, compliance, and speed for institutional lenders and innovators.[1][5] Customers report 99% faster reporting, easier scaling, and cost savings, positioning Setpoint for growth in high-volume financing.[2][3][4]
Founded in 2021 in New York by Stuart Wall (CEO), Ben Rubenstein (President), and Michael Lam (CIO), Setpoint emerged from stealth in 2022 with its SaaS platform and $615 million in debt capital tailored for proptech disruptors.[1][5][6] Wall, emphasizing the company's exclusive focus on modern real estate transactions like bridge funding and fractional ownership, highlighted how they built tools from the ground up to cut closing times from weeks to 40 minutes.[1] The idea stemmed from observing outdated operations in lending—despite easy online loan applications, backend processes relied on error-prone tools like FTP folders, creating risks and limiting access.[5]
Early traction came from proptech leaders like Flyhomes, Homeward, Reali, and Houwzer adopting the platform to power 25,000 home transactions in 2022, enabling "Buy with Cash" and "Buy Before You Sell" models without rigid capital sources.[1] This pivot to a full capital markets OS reflects evolution from real estate-specific infrastructure to serving diverse asset classes, backed by a team of engineers, capital experts, and specialists.[2][3][5]
Setpoint rides the fintech trend toward capital markets automation, addressing fragmentation in post-origination lending where technology has modernized applications but not operations.[5] Timing aligns with rising demand for liquidity in real estate and ABS amid competitive housing markets and complex facilities like warehouses and securitizations.[1][3] Market forces favoring it include proptech growth (e.g., iBuying, power buying), private credit expansion, and the need for scalable infrastructure amid $50B+ asset volumes.[2][3]
By standardizing processes, Setpoint enhances trust in credit systems, improves borrower access, and influences the ecosystem through partnerships with lenders and asset managers, enabling faster innovation in asset classes from single-family rentals to securitized products.[2][4][5]
Setpoint is poised to dominate as the capital markets OS, expanding from proptech roots to all asset classes with its tech-capital hybrid model.[3] Next steps likely include deeper penetration in private credit and securitized products, leveraging $50B+ scale for AI-enhanced automation and new facilities.[2][4] Trends like tokenized assets, rising interest rates pressuring liquidity, and regulatory pushes for compliance will amplify its edge, potentially evolving influence toward full-spectrum loan syndication platforms. This builds on its stealth-era momentum, making capital efficient and error-free for a digitized financial future.[1][5]
Setpoint.io has raised $74.0M across 2 funding rounds. Most recently, it raised $31.0M Series B in August 2024.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Aug 1, 2024 | $31.0M Series B | Addition, Andreessen Horowitz, Bond, Emergence Capital, Floodgate, Foundamental, General Catalyst, Greylock, Haystack, Kleiner Perkins, Lux Capital, Matrix, Tribe Capital, Venture Highway, Bradley Horowitz, Elad Gil, Gokul Rajaram, Nico Rosberg | |
| Dec 1, 2022 | $43.0M Series A | 75 & Sunny, Acrew Capital, Addition, Andreessen Horowitz, Blockchange Ventures, Bond, Emergence Capital, Floodgate, Foundamental, General Catalyst, Greylock, Haystack, Kleiner Perkins, LAUNCH, Lux Capital, Matrix, Multicoin Capital, Palm Tree Crew Investments, Tribe Capital, Venture Highway, Alex Adelman, Andre Iguodala, Bradley Horowitz, Elad Gil, Eytan Elbaz, Gokul Rajaram, Louis Beryl, Nico Rosberg |