DepositLink Secures $3 Million in Funding to Fuel Growth

July 26, 2022

Digital payment platform DepositLink closed on a $3 million Series Seed 2 funding round from angel investors. Funds will be allocated across platform development, sales, marketing and customer success to accelerate market penetration and expand deployments within existing accounts.

DepositLink helps eliminate inefficiencies and liabilities real estate, title companies, and escrow holders endure when managing paper checks and bank wires. The mobile responsive platform offers bank-level security, a $500,000 per transfer limit and workflows to collect earnest money, commissions and rental payments. 

"Over the past 24 months, we have experienced explosive growth," said Darrell West, co-founder and CFO of DepositLink. "We are onboarding over 35 new clients monthly, and our pipeline is growing. By the end of 2022, our customers will have securely transferred over $1 billion using DepositLink."

DepositLink operates in all 50 states. Clients include Berkshire Hathaway HomeSevices, Century 21, Coldwell Banker, Compass, Douglas Elliman, ERA Real Estate, EXIT Realty, eXp Realty, HomeServices of America, HomeSmart, Keller Williams, RE/MAX, Sotheby's International and William Raveis.

"We are blowing away our projections for growth and the market is responding," said Jay Rooney, CEO and founder of DepositLink. "Our platform is already rich with features that solve real problems, but the best is yet to come."

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