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Exclusive: Loan servicing startup Salient raises $60M Series A

Salient, a San Francisco-based platform for lenders to automate the post-loan origination process, raised $60 million in Series A funding, it tells Axios Pro exclusively. Why it matters: Loan servicing remains highly manual, but banks are increasingly doubling down on tech in the area.Andreessen Horowitz led the round, joined by Matrix Partners, Michael Ovitz and Y Combinator.By the numbers: The deal values Salient at $350 million, Axios has learned.The company's annualized run rate was north of...

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