The Closing Exchange Raises Funding from Decathlon Capital Partners
Summary
The Closing Exchange, a Long Beach, CA-based dynamic vendor management and signing services company, received a multi-million-dollar investment from Decathlon Capital Partners. The exact amount of the deal was not disclosed. The company intends to use the funds to expand processing capacity and continue development of its proprietary and patent-pending CXChoice™ platform. Led by Alan Frelix, CEO, and Marvin Bantugan, CTO, The Closing Exchange is a SaaS (software-as-a-service) technology and business services company, bridging the divide between digital signing options and mortgages in the mortgage, reverse mortgage, auto lending and structured settlement industries. The Closing Exchange gives clients, homebuyers and sellers their choice how to close with multiple closing options, including mobile notary, attorney agents, eSignings, Remote Online Notarizations (RON) and hybrid closings.