Citigroup Expands Into Mortgage Market With Investment in Pylon
CCiti(C) ZACKS·2024-11-29 01:16

Citigroup, Inc. (C) has made a minority investment in Pylon — a mortgage infrastructure provider. Financial terms of the investment were kept under wraps.Pylon, a company founded in 2022, aims to completely rewire mortgages. The Pylon platform's enterprise-grade application programming interface (API) provides programmatic funding and originations. Innovative companies in the fields of wealth management, homebuilding, service providers, banks and some lenders are served by the corporation.More on Citigroup’ ...