iYell, the company behind the cloud-based mortgage loan support system “Ie-Uru Dandori”, announced on the 11th that it has raised ¥330 million in a new Series E funding round. The latest capital includes a third-party allotment of new shares to three companies—among them Will and Nikken Partners, both active in real estate sales—as well as a loan from Hokuriku Bank. With this round, the company’s total Series E fundraising now stands at ¥2.19 billion.
“Ie-Uru Dandori” is designed to support housing businesses by streamlining mortgage loan workflows. The system aims to reduce lost sales caused by slow, paper-based processes and unclear assessment procedures. By acting as a “mortgage loan platform,” it helps financial institutions, housing companies, and end-users manage loan activities more efficiently.
Hundreds of financial institutions and more than a thousand housing businesses nationwide currently use the service.
The platform uses proprietary cloud technology developed by specialists with mortgage loan knowledge. It connects users to a broad network of financial institutions, offering a process that is faster, easier to navigate, and more secure from start to finish.
The newly raised capital will support wider adoption of the platform and enhance service features for member businesses. iYell plans to invest in systems that detect suspicious activity and in a cloud-based data transmission framework aimed at preventing personal information leaks.
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